Northern New England
Roche Realty reaches record annual sales
Meredith, NH Frank Roche, president of Roche Realty Group, Inc., has reported sales for the 12 months ending December 31, 2022. The firm produced a sales volume of $181 million involving 340 transaction sides.
PROCON names Cochran, Lizotte, and Pelton to leadership team
Hooksett, NH PROCON LLC has named Kimberly Cochran, Christopher Lizotte, and Tracey Pelton as new members of the company’s leadership team, joining managing directors John Stebbins and Jennifer Stebbins Thomas and co-presidents James Loft, AIA, and Lance Bennett.
Greater Portland office market outlook - by Nate Stevens
One more year has come and gone since the pandemic began, and here at The Boulos Company, we’re constantly evaluating its ongoing overall impact on the Greater Portland office market. The dust seems to have settled somewhat in terms of the pandemic-inspired shift in office requirements, and there is some stability now on that front for both tenants and landlords.
Port Property submits 10-year plan for West Bayside including 800+ units and 28,500 s/f
Portland, ME Port Property, a development and management company, submitted a master development plan to the city ’s planning department for consideration. The plan proposes the creation of 800+ new units of rental housing while also introducing mixed-use community spaces, increased pedestrian access, and connectivity throughout the neighborhood.
Winter is coming... - by Justin Lamontagne
For years now, I’ve had client after hopeful client ask if things were “cooling off” in the industrial market. And my answer had consistently been on the contrary, it was only getting more competitive. Year after year, we saw our vacancy rates plummet and plateau only when there was no plummeting left to go!
MEREDA launches new real estate podcast: “MEREDA Matters”
Portland, ME Have you ever been curious about the people who have put together some of Maine’s most important development deals? MEREDA has launched MEREDA Matters, a podcast that highlights the people, stories, and relationships behind the responsible development happening in Maine.
Goldman Group proceeds with redevelopment of 41,212 s/f Olde Federal Building in Augusta, ME
Augusta, ME The Goldman Group has been approved by the city’s Planning Board to redevelop the Olde Federal Building, located at 295 Water St. Built in the late 1800s, this historic government building, which has hosted the city’s court and post office, is listed on the National Register of Historic Places.
Manzo Freeman Development engages LEX to lead IPO for The Landing at One ChestnutNashua, NH Manzo Freeman Development (MFD), a privately-owned commercial real estate firm, has engaged LEX Markets (LEX), a commercial real estate marketplace, to lead the initial public offering (IPO) for The Landing at One Chestnut, a mixed-use commercial mill property.
Torrington Properties acquires 175,000 s/f Fort Eddy Shopping Center for $30 million
Concord, NH Torrington Properties has acquired the Fort Eddy Shopping Center for $30 million. The 175,000 s/f shopping center is fully leased and is the current home of Shaw’s, Books-A-Million, Staples, Eastern Mountain Sports, Five Guys Burgers & Fries, GameStop, H&R Block, Moritomo Japanese Restaurant and more.
Rohrer and Nesmith of Colliers sell 30 Temple St. for $10.7 million - sold by Creg-Temple Street, LLC to a R.J. Finlay & Co. LLC entity
Nashua, NH Colliers has sold 30 Temple St. for $10.7 million. The 119,500 s/f Class-A office building has a diverse tenant mix and was roughly 20% vacant at the time of the sale.