Northern New England

Saulnier of MANSARD completes $8 million sale of 80,000 s/f warehouse to RJ Kelly Co.

Dover, NH Taylor Saulnier, CCIM, of MANSARD facilitated the $8 million sale of 44 Industrial Park Dr. The 80,000 s/f warehouse is utilized as a distribution facility.

East Brown Cow hires Demler for multiple roles

Portland, ME East Brown Cow, a real estate investment, development and management firm has hired Natalie Demler.

Colliers hires Braseth and Wright to its brokerage group

Portsmouth, NH Colliers, a global leader in commercial real estate services, has hired Tim Braseth to the Colliers team in Portsmouth, NH and Blake Wright to the Colliers team in Portland, Maine. 

Prolman Realty sells 2,200 s/f at 115 Daniel Webster Hwy. to SANRA LLC

Nashua, NH Prolman Realty, Inc. has sold 115 Daniel Webster Hwy. to SANRA, LLC who plans on converting the former Bar Harbor bank branch into a dental practice, according to Mark Prolman.

Davis joins Roche Realty Group

Meredith, NH Frank Roche, president of Roche Realty Group, Inc., with offices in Meredith and Laconia, has said that Kathy Davis has recently joined the real estate firm.

New Hampshire Spotlight: Looking ahead into 2023: rising interest rates & CRE sales - by Bill Norton

Well. We all made it through 2022. It was a bit rocky but not too bad. Interest rates are up. Construction cost are still way up. Consequently, existing buildings look cheap (well at least “reasonable” in comparison).

NH CIBOR president’s message 2023: move the industry’s interests forward - by Matthew Bacon

With a new year upon us and the holidays over, I would like to take the opportunity to thank you for the great honor of being part of the team elected to serve NH CIBOR and NECPE. Many top-tier professionals have served these boards over our 46+ year history, and it is this team of volunteer leaders that will work to make 2023 a very successful year for these great organizations.

Interest rates and inflation - by Matthew Bacon

As we all know, interest rates have been changing drastically, with movement in both directions, depending on the type and term of financing. The Federal Open Market Committee has taken drastic action in efforts to curb abnormally high inflation, but it hasn’t controlled labor cost growth to the extent that was intended.

Wilder named development partner at Waterstone Properties’ $600m Rock Row

Portland, ME Adding to their current role as Rock Row’s retail merchandising specialist, Wilder has become a development partner in the 110-acre Greater Portland, development. Working with developer and owner Waterstone Properties, the two companies will jointly oversee all new phases of development of an additional 1.6 million s/f of retail, dining, hotel, residential, office and entertainment venues.

CP Management earns three landscape awards including first place for The 903 Condominium

Exeter, NH During the 2022 Landscaping Awards competition, seven properties in the CP Management portfolio were entered by their property managers to be judged. These included commercial, multifamily, and residential condominiums properties. Towards the end of summer, during a two-week span