In recent months we have seen an uptick in construction related activity throughout the real estate marketplace. Residential, retail and commercial developments are all either under construction or being considered by owners and developers. The insurance marketplace is responding well to this increase in demand and ample carriers are vying
Spring always gets me thinking about longer days, warmer weather, march madness, opening day at Fenway and of course the sound of heavy equipment and the smell of diesel as ground breaking occurs for new construction across the state. So, I thought it appropriate to focus this article on new development occurring in
Southern Maine’s commercial real estate market was healthy through 2018. Investment sales remained strong with continued low interest rates and area competition. However, there was a slight slowdown in the 2018 leasing market with vacancy rates increasing modestly for two of the major commercial sectors in Greater Portland.
The start of 2019 has once again presented borrowers with an opportunity to take advantage of commercial mortgage rates near historic lows. As we make our way towards the end of the first quarter, here are the top reasons borrowers should be looking to lock in rates now.
A Tale of Two Cities (1859) is a historical novel by Charles Dickens, set in London and Paris before and during the French Revolution. The novel tells the story of the French Doctor Manette, his 18-year-long imprisonment in the Bastille in Paris and his release to live in London with his daughter Lucie, whom he had never met.
“Knowledge is power and it can command obedience. A man of knowledge during his lifetime can make people obey and follow him and he is praised and venerated after his death. Remember that knowledge is a ruler and wealth is its subject.” - Saying 146 from Nahj Al-Balagha.
In most commercial tenancies, the fact that corporations or other business entities act as the parties to the lease insulates the corporate officers of those business entities from individual liability. However, this is not always the case. In a recent case, a Massachusetts court held that an officer may be individually liable for statements
Solid domestic economic data and broadly stable commercial real estate markets persist. At least commentators and pundits observe the quality approving of the current data dump. Rates may hold steady all year during 2019. The FED has demystified 2019. The FED intends to continue to gradually normalize its balance sheet
I’m going to be a bit of a contrarian when it comes to forecasting the outlook of the real estate market especially now that we’re going into our 10th year of this up cycle that we’ve been enjoying. This tendency comes out of my more than three decades in property management, however, contrary to popular belief
I am writing this on the first day of spring and it is a beautiful sunny day, although a bit cool and not quite feeling like spring. I am looking forward to seeing the trees and flowers come to life and the warm days where we can enjoy the outdoors. The real estate industry feels similar with the industry still going along great but with a slight chill at times.
