Northern New England

Trammell Crow Company and Diamond Realty break ground on 323,750 s/f industrial development

Merrimack, NH The Boston office of Trammell Crow Company (TCC), a global commercial real estate developer, and JV partner Diamond Realty Investments broke ground on 50 Robert Milligan Pkwy. (50 RMP) with an official ceremony hosted on May 18. Construction is now underway on the 323,750 s/f class A industrial building, which will deliver in Q4 2023. The JV closed on the land for the development in December 2022.

DeStefano & Associates completes interior renovation of 8,000 s/f space

Manchester, NH DeStefano & Associates, Inc., (DAI) has completed the interior renovation of an existing 8,000 s/f clubhouse amenity building located at a residential complex, Halstead Countryside, designed by SV Design Architects.

NH CIBOR president’s message June 2023 - Matthew Bacon

Approaching election years is always interesting from a public policy and advocacy standpoint, and 2023 is no different. From WOTUS (Waters of the US) policy changes that are highly politically charged and manipulated, to fiscal policy discrepancies between major political stakeholders, we can expect many more changes in the near term. 

MEREDA to host panel discussion “Solving Maine’s Housing Crisis” on May 25

Portland, ME On May 25 the Maine Real Estate & Development Association (MEREDA) will host a conference on Maine’s housing crisis. “Housing is the topic on everyone’s minds and we need to be having more conversations with more people about solutions

Peck of Horvath & Tremblay sells two multifamily properties for $1.62 million

Manchester, NH Horvath & Tremblay’s William Peck has completed the sale of two multifamily properties for a total of $1.62 million.The two assets, in which Peck procured both buyer and seller in both transactions, consisted of a six-unit multifamily located at 36 School St. as well as a four-unit located at 235 Lake Ave.

Young and Bogdanovics of The Boulos Company lease 5,282 s/f to The General Services Administration for Vet Center

South Portland, ME The General Services Administration (GSA) leased 5,282 s/f at 707 Sable Oaks for the Dept. of Veterans Affairs as a Vet Center. The space was chosen due to its proximity to nearby amenities. The Boulos Company’s Craig Young and Sasha Bogdanovics represented the landlord. Vet Centers are community-based counseling centers that provide a range of social and psychological services

Koornneef of Nobis Group named Volunteer of the Year by CATCH Neighborhood Housing at non-profit’s annual event

Concord, NH Nobis Group president & CEO Kenneth Koornneef, PE was named Volunteer of the Year by CATCH Neighborhood Housing at the non-profit’s annual event, “Making Community Home”. The Volunteer of the Year Award is presented to individuals who demonstrate

ARCO National Construction partners with Calare Properties to complete 124,800 s/f distribution facility

Saco, ME ARCO National Construction is partnering with repeat developer client Calare Properties to build a 124,800 s/f distribution facility. The build-to-suit development will be home to a Fortune 500 company end-user. The facility offers access to major distribution routes and is located one mile from I-195. Construction is expected to finish in Q3 2023.

Greater Portland office market overview and forecast - by Jim Harnden and Sam LeGeyt

When you look at the overall office market in Greater Portland for 2022, the sector was in transition. Another year removed from COVID, and another year, where we still do not believe we have seen the last of its impacts. Firms are still trying to determine how many of their employees will be returning

Malone Commercial Brokers wins two 2023 CoStar Impact Awards in two categories

Portland, ME Malone Commercial Brokers have received the 2023 CoStar Impact Award in two categories. CoStar’s Impact Awards highlight the commercial real estate transactions and projects that have transformed their markets over the past year. The winners are chosen by independent panels