MarketWatch declares we are in a ‘housing recession.’ Or maybe more accurately, the rents are too d*mn…weird. Zillow claims the recent surge of rent inflation is coming down (well, rising slower but note: still rising). Conversely, the Consumer Price Index shows rents climbing at a consistent rate and have thus far reached
Industrial markets – which include warehousing, manufacturing logistics, etc. – continue to hold a dear place in the hearts and minds of investors. COVID sparked a boom in industrial real estate across the country and released an incredible amount of pent-up demand in New England.
Concord, NH North Branch Construction completed a 22,000 s/f interior demolition and office fit-up renovation for Community Bridges at their new location at 162 Pembroke Rd. In addition to a new site drainage system, sidewalks with a parking lot expansion, and landscaping, interior work included demolition of existing space, insulation, roofing
Nashua, NH Prolman Realty, Inc. leased 7,000 s/f of office space to Shaheen & Gordon P.A. at 191 Main St., according to Mark Prolman who represented the lessor, Parsons Ventures, and assisted the tenant. The 12,000 s/f building was formerly occupied for many years by Bank of New Hampshire and subsequently TD Bank. The building
Manchester, NH William Peck of Horvath & Tremblay has arranged the sale of 31 units located at 54 and 96 Mechanic St. Peck exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $5.6 million. The sale represents a 6.07% cap rate and a per unit price of $180,645.
Manchester, NH DSF has sold Halstead Manchester, a 640-unit market-rate apartment community located at 22A Country Club Dr. for $164.6 million. CBRE Capital Markets’ multi-housing experts Biria St. John, Simon Butler and John McLaughlin exclusively represented an affiliate of The DSF Group.
Scarborough, ME Landry/French Construction joined the Casco Bay Island Transit District (CBITD) at the official ribbon-cutting ceremony of the Casco Bay Ferry Terminal renovations on August 16
th. CBITD was joined by senator Susan Collins, the deputy regional administrator of the Federal Transit Administration
Portland, ME Since March 2022, PBC Environmental (PBCE), demolition and environmental abatement contractor and consultancy, has taken down the ambulatory wing of the former Mercy Hospital at 144 State St., which included the emergency building. To do so, that section needed to be surgically separated from the 1940s historic structure remaining
Durham, NH North Branch Construction has completed construction at Bagdad Wood Senior Apartments. The $6.5 million, 29,188 s/f project included a new three-story addition, providing an additional 26 senior housing apartments, site improvements, significant
Portland, ME HREC Investment Advisors has arranged the sale of the 220-unit DoubleTree Hotel and the 98-room Tru by Hilton Hotel located in the The Maine Mall market of the city. The DoubleTree was purchased by Vaneastland, LLC in 2009 and underwent a complete exterior and interior
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