Northern New England

DeStefano & Associates, Inc. starts two projects

Gilford, NH DeStefano & Associates, Inc. (DAI) has started the construction of a new ground up Service Credit Union Bank. Colwell Group is the architect. Completion is expected this summer.

Reed of Stebbins Commercial sells 2,500 s/f office for $290,000

Manchester, NH Mike Reed, president of Stebbins Commercial Properties LLC negotiated the sale of 2,500 s/f office building at 303 Belmont St. from Baughman Living Trust to Vitaly Yaroshenko.

East Brown Cow welcomes Free People to 4,101 s/f retail space at 121 Middle St.

Portland, ME East Brown Cow and Malone Commercial Brokers said that Free People has signed a 10-year lease for a storefront at 121 Middle St., bringing another national brand to the retail corridor along the city’s Middle St. The 121 Middle St.

Maine Real Estate & Development Association spring conference May 15th

Portland, ME On May 15th, the Maine Real Estate & Development Association (MEREDA) will host a conference that delves into upcoming changes that will impact every developer in Maine. With presentations and discussions, MEREDA’s spring conference

Nobis Group names Harding and Kay new vice presidents

Concord, NH Nobis Group has named Scott Harding, PE vice president of business development and Brett Kay vice president of operations. Harding draws upon over 30 years of experience at Nobis in environmental engineering in order

Rich and Anderson of Malone Commercial Brokers sell ODAT Machine and 40,000 s/f office/industrial building to Howell Labs

Gorham, ME Malone Commercial Brokers negotiated the sale of ODAT Machine Inc., including the 40,000 s/f office and industrial building at 20 Sanford Dr. in Gorham Industrial Park. The transaction was brokered by Karen Rich and Mike Anderson of Malone

Greater Portland office market, like many other cities, is still adjusting to the post-pandemic world - by Justin Lamontagne

Outlook: The Greater Portland office market is still adjusting to the post-pandemic world. Although the major headlines from primary markets are scary and fear-mongering, Southern Maine is not poised for the bumpy rides you might see on the news or read

York County’s real estate boom is offering a diverse range of opportunities for business, residents and visitors alike - by Brandon Mitchell

York County in Maine is experiencing a significant surge in commercial real estate development, with major projects underway across various sectors, including mixed-use, retail, multi-family, and industrial properties.

Downtown Portland office market update - opportunities for either other office users or residential development - by Kristie Russell

Over the past year, the downtown Portland office market has undergone noticeable changes due to the evolving dynamics of the business environment and changing work patterns. One of the most significant shifts has been the increase in the office vacancy rate, rising by 2.8% year-over-year

May 2024 New Hampshire CIBOR president’s message - by Ethan Ash

The median home price in New Hampshire soared to over $500,000 in March 2024, marking a $135,000 increase since 2021, as reported by the Union Leader. While this may seem like good news for homeowners, it has created a barrier for many to afford living in the state,