Covenants and easements are two common title encumbrances that can impact the development of real estate. It is important for purchasers, owners, and occupants of real estate to understand these concepts. A restrictive covenant prohibits a property owner or tenant from doing something
Looking back at 2023, the retail scene in the greater Portland area remained resilient though we did see a slight uptick in the overall vacancy rate from 4.23% to 4.33%. A large portion of the vacancies in the market can be attributed to a few spaces. In Portland, where the vacancy rate stood at
As we ramp up in 2024, it’s an opportune moment to delve into the trends of 2023, transactions, and developments that defined the industrial and office sectors within the Portsmouth and Dover submarkets.
During this time of year, I eagerly anticipate reading the
New Hampshire Real Estate Year in Review published by NHAR and PrimeMLS. It provides valuable insights into the real estate industry’s current state and the evolving landscape across different regions of the state. It comes as no
Bedford, NH Viktoria Alkova of Coastal Land & Commercial Group assisted in the purchase of an 85 bed, former assisted living facility. Alkova exclusively represented the buyer to complete the off-market short transaction at a sale price of $9.35 million. Alkova encountered challenges
Bethlehem, NH After nearly a decade of stewardship by the Bedor family, the Adair Country Inn is now under new ownership. The Adair Country Inn and Restaurant is now owned by Mark and Brenda Johnson. The Johnson family has been members of the community for over 40 years.
Londonderry, NH Newmark negotiated the $39.7 million sale-leaseback of 12 Innovation Way, a manufacturing/R&D facility occupied by EFI and located near the Manchester-Boston Regional Airport.
Dover, NH Northeast Private Client Group (NEPCG) has brokered the Third St. portfolio sale. Senior associate Brad Carlson and investment associate Brett Curtis represented the seller and procured the buyer for this multifamily portfolio transaction.
Portland, ME Suffolk has opened its new office on Commercial St., which will serve clients across the state, New Hampshire and Vermont. This expansion into Northern New England marks a milestone for the company as it continues to grow its presence in sectors including higher education
South Portland, ME Dave Senus, PE, has been appointed as senior project manager — real estate market lead at VHB. Enhancing the Maine team with leadership and technical competencies gained from more than 20 years of diverse land development-focused engineering experience.