Northern New England

We need to focus on productivity gains to accelerate and grow the economy - by Bill Norton

In a few weeks I will head to Chicago for the spring CRE meeting. The Counselors are a great organization, and I always learn a lot. However, much of the “big data” covers the A markets (NYC, Boston, D.C., Chicago, LA)

NAI Norwood Group completes sale of 5,997 s/f office space at 116 South River Road for $685,000

Bedford, NH NAI Norwood Group completed the sale of 5,997 s/f of office space located at 116 South River Rd., building D, for $685,000. 

Prolman Realty sells 3,150 s/f 2 E. Otterson Street for $400,000

Nashua, NH Prolman Realty, Inc. completes the sale of 2 E. Otterson St. to 2 East Otterson Street, LLC.  The seller, SAS Realty Limited Partnership was

Longchamps to be honored with New Hampshire Construction Industry Ethics Award

Amherst, NH Bob Longchamps, retired executive and founder of Longchamps Electric, Inc., Manchester, has been named as the recipient of the 23rd annual New Hampshire Construction

Project of the Month: Two International Group completes 60,000 s/f Hampton Inn & Suites by Hilton in Kittery

Kittery, ME The 60,000 s/f Hampton Inn & Suites by Hilton at 275 Rte. 1 will be opening its doors to guests this month. Two International Group (TIG) and their construction division were the developer and construction manager on the project.

Kelleher and Pentore of Horvath & Tremblay complete $6.525 million sale

Salem, NH Dennis Kelleher and John Pentore of Horvath & Tremblay have completed the sale of Rosewood Apartments. Horvath & Tremblay exclusively represented the seller and procured the buyer in the transaction that closed at a sale price of $6.525 million.

Haffenreffer of NAI The Dunham Group brokers $1.65 million sale

Bangor, ME Bangor Savings Bank’s newly built flagship campus has added another building to the home base. On February 11th, the bank purchased 36 Pleasant St., a 28,780 s/f waterfront office building from Gopher Hill Communications, LLC for $1.65 million.

Cardente leases 1,800 s/f to Reform Physical Therapy

Yarmouth, ME According to Cardente Real Estate, Reform Physical Therapy has leased 1,800 s/f of retail/office space at 374 U.S. Rte. One.

Southern New Hampshire retail market forecast: Deals will be sprouting in spring 2019 - by Andrew Levy

Another winter has come and gone. Thank God. Bring on the SUN! Though there was a fair amount of activity this fall and winter, we do need things to heat up (literally) in Southern New Hampshire. New Hampshire’s retail picture is healthy and growing with a lot of new construction in several key markets. Occupancy rates remain high, and most centers have only a few vacant units.

Hersch of Tinkham Realty brokers $1.29 million sale of retail/office plaza to 115 Indian Rock Road LLC of Salem

Windham, NH Tinkham Realty, Inc. completed the sale of a retail/office plaza at 115 Indian Rock Rd. (Rte. 111) to 115 Indian Rock Road LLC of Salem.