Northern New England
Fall 2019 forecast: Will activity fall off or keep on trucking in southern New Hampshire? - by Andrew LevyAlas, 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 AmericaConcord, 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.
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 buildingSomersworth, 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.”
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.
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.
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.