Northern New England

Class A & B office vacancy rates drop in Greater Portland, sublease market is significantly higher than direct rate - by Kristie Russell

>Over the past year, the office market in downtown Portland has seen a steady amount of absorption, leading to a 1% drop in the vacancy rate. The overall average rental rate fell compared to last year with the sublease asking rate dropping by 3.3% ($1 per s/f), but the direct asking rate increasing

Ferreira joins Thornton Tomasetti's sustainability practice as vice president

Portland, ME Prudence Ferreira has joined Thornton Tomasetti’s sustainability practice as a vice president. Ferreira will be heading up the firm’s passive buildings consulting team. She will be assisting

Advisors Living holds grand opening for Cape Elizabeth sales office

Cape Elizabeth, ME Advisors Living, the residential sales platform of Boston Realty Advisors, held its formal grand opening for the new sales office in Maine, to serve residential buyers and sellers in Southern Maine, including the Greater Portland region from York along the coast north to

Wason Associates Hospitality brokers Giri Hotels’ acquisition
of 248 room Anchorage by the Sea from AMIO, LLC

Ogunquit, ME Giri Hotels has acquired Anchorage by the Sea, a waterfront hotel located at 125 Shore Rd. The transaction was negotiated by Wason Associates Hospitality Real Estate on behalf of the seller: AMIO, LLC and Anchorage Motor Inn Ogunquit Inc. This acquisition represents the blending of long-time

NH CIBOR president’s message: What are New Hampshire banks planning for the year? - by Matthew Bacon

As I was writing my last president’s message, I couldn’t help but think “Are we going to find out what the current administration considers ‘too big to fail’?”  Following the 2007-2008 financial crisis, there were several unprecedented moves made by the Federal Reserve

Hepler and Dano of SVN | Masiello Group earn CCIM Designation

Bedford, NH Jesse Hepler and Brian Dano of SVN | The Masiello Group have each earned their CCIM Designations. After months of preparation, the pair earned this prestigious 50-year tradition of commercial real estate education and entrepreneurship.

Maine Realty Advisors brokers four sales totaling over $3.5 million

Portland, ME Maine Realty Advisors negotiated the sale of 779 Congress St. to RM Ferrante LLC. The propertyis a10-unit multi-family sold by RSP-Congress Street LLC for $1.225 million. Frank Carr of Maine Realty Advisors and Thomas Gadbois

DeStefano & Assocs. provides services for two multifamily projects, a lab and a dental facility

Cumberland Foreside, ME DeStefano & Associates, Inc. (DAI) has started the construction of a 45-unit condo project on Rte. 1 This four-story structure will contain one- and two-bedroom condos, underground parking, workout room, community area, and car charging port. Completion is planned for spring

Kirkland, Saenz, and Casey of Northeast Private Client Group sell $3.85 million multifamily portfolio

Kingston, NH Northeast Private Client Group (NEPCG) brokered the $3.85 million sale of a southern New Hampshire multifamily portfolio in Newton and Kingston. Senior associates Drew Kirkland, Francis Saenz, and Jim Casey represented the seller and procured the buyer.

Gilbert promoted to project manager at North Branch Construction

Concord, NH North Branch Construction promoted Susane Gilbert to project manager. Gilbert started with North Branch in 2022 bringing with her over 20 years of experience in the construction industry including residential production and custom homes.