Northern New England

Retail property continues its strong performance as we enter 2022 - by David De Lise

Despite the reported demise of retail properties, not only is the retail industry enjoying a bit of a renaissance, but operating fundamentals are considerably stronger than a year ago, and in many cases, several

Wason Associates Hospitality Real Estate Brokerage Group negotiates $11.5 million sale of 61 room Wentworth Inn - sold by Ellie Koeppel to Atlantic Equity Partners, LLC

Jackson, NH Wason Associates Hospitality Real Estate Brokerage Group brokered sale of the 19th century 59,000 s/f Wentworth Inn at 1 Carter Notch Rd., to AE Wentworth, LLC. AE Wentworth purchased the 61-guest-room inn for $11.5 million.

Reed of Stebbins Commercial sells 30,000 s/f at 215 Canal St. for $2.3 million

Manchester, NH Mike Reed, president of Stebbins Commercial Properties LLC negotiated the sale of the 30,000 s/f commercial building at 215 Canal St. from 215 Canal Street, LLC to Travis and Kyle York. Reed represented the seller, and Don Eaton of Colliers International represented the buyer.

Rizzo and Sigfridson of The Boulos Co. sell 24.6 acres at 300 Innovation Way

Scarborough, ME The Boulos Co. said the Crossroads Holdings’ ‘Innovation District’ – a 154-acre subdivision is fully sold out. The project broke ground in August 2019 and will create over 825,000 s/f of non-residential

Stebbins Commercial Properties sells 298 Hanover St. for $325,000

Manchester, NH Mike Reed, president of Stebbins Commercial Properties LLC brokered the sale of 298 Hanover St. from the State of New Hampshire to Waypoint. Reed represented the buyer, and NAI Norwood Group represented the seller.

Sununu attends ribbon cutting for The Kane Co.’s 145 Maplewood Ave.

Portsmouth, NH Governor Chris Sununu spoke at the ribbon cutting and grand opening ceremonies of 145 Maplewood Ave., a mixed-use office building located in the city’s North End. Calling the The Kane Company and PROCON project

Town of Scarborough advances downtown plan

Scarborough, ME The vision for a downtown for Scarborough got a little clearer with the submission of the Ad Hoc Downtown Committee’s report to the town council in late October.  The report is the culmination of nine months

Nedde Real Estate breaks ground on 49-unit The Nest at 79 Pine Street in Burlington, VT - the first new apartment project in the area in two decades

Burlington, VT Nedde Real Estate celebrated the groundbreaking of 79 Pine St., known as “The Nest”. The 47,000 s/f building will add 49 apartments in the city's Downtown District and is the first new apartment project in

Bacon and Farley of SVN|Masiello Commercial sell 67,050 s/f Tilton Self-Storage facility for $4.28 million

Tilton, NH SVN|Masiello Commercial has completed the sale of 637 West Main St. This 6.75-acre parcel with a newly built self-storage facility was sold to Tilton Self-Storage, LLC for $4.28 million. This

New Hampshire CIBOR president’s report for November 2021- by Joe Friedman

There were a few NH CIBOR representatives at the recent National Association of Realtor’s (NAR) Conference in San Diego where they were joined by about 10,000 Realtors from all over this country.  As an organization that includes approximately