Northern New England

Medeiros of The Kane Company leases 7,216 s/f at 44 Portland Avenue in Dover, N.H.

Dover, NH Catie Medeiros of The Kane Company has fully leased the commercial space in a mixed-used building. The building located at 44 Portland Ave. was constructed in 2015 and Medeiros transacted all of the commercial leasing for the landlord.

Fall 2019 forecast: Will activity fall off or keep on trucking in southern New Hampshire? - by Andrew Levy

Alas, summer is coming to an end. Many of us have had our fill of the heat, and rain, etc... It was legitimately the hottest summer in N.H. on record (I think) but then again, compared to the rest of the country, not so bad! Maybe the heat kept everyone in their office enjoying the air conditioning to work on deals?

NAI Norwood Group sells 60,000 s/f office building for $5.6 million on behalf of the seller, Manhattanlife Assurance Company of America

Concord, NH NAI Norwood Group completed the sale of 6 Loudon Rd. for $5.6 million. The 60,000 s/f office building constructed in 1976 is home to a number of businesses including Bankers Life, GraphOn, and Absolute Title LLC.

Colliers promotes Abel to VP of real estate management services and Moloney to property manager

Manchester, NH Colliers International, a global leader in commercial real estate services, has promoted two long-time employees.

Eastern Bank provides $2.5 million construction loan to Summit for 8,500 s/f build-to-suit medical building

Somersworth, NH Eastern Bank has provided a $2.5 million construction loan to Dover-based developer Summit Land Development (Summit) for ground-up construction of an 8,500 s/f building at 5 Terrascape Pkwy. along Somersworth’s “Medical Mile.” 

Prolman Realty handles 3,000 s/f lease to Sky Market

Nashua, NH Prolman Realty, Inc. handled the lease of  9 Main St. to Sky Market. According to Mark Prolman and Lisa Ferrari who represented the lessor, CAZ Holdings, LLC and assisted the lessee. 

Summit Realty Partners leases 2,400 s/f in Tilton, N.H. to Clear Choice MD Urgent Care

Tilton, NH Summit Realty Partners, Inc. completed a lease transaction with Clear Choice MD Urgent Care who plans to construct a 2,400 s/f building on a pad site at Tilton Plaza.

Brown and Silvernail join TFMoran with 53 years combined experience

Portsmouth, NH Amy Brown has joined TFMoran as office manager for the Portsmouth division. Brown has a bachelor of science degree in Business Management from Granite State College. She has nearly twenty years of experience in business and project management, all aspects of business accounting, and executive administrative support. 

IRS section 1031 tax deferrals –2019 and roaring in terms of property values and exchange volume - by Greg Hill

This calendar year is shaping up to be a banner year in terms of property values and exchange volume. Real estate currently is extremely frothy – good if your selling, terrible if you’re trying to find a replacement property that

Appraisers in a box – again: Current trends appear to be constricting ability to provide services - by Bill Pastuszek

I reread an article I wrote three years ago entitled “Appraisers in a Box.” The article discussed that “[r]eal estate professionals are finding it increasingly difficult to carry out professional responsibilities in an increasingly competitive and regulatory stifling environment.” The professionals include those in conveyancing, brokerage, and appraisal.