Caron of Stebbins sells 23,439 s/f office building for $1.59 million

Manchester, NH Deanna Caron, associate broker at Stebbins Commercial Properties brokered the sale of 749 East Industrial Park Dr. The 23,439 s/f office building was previously owned by The Nackey S. Loeb School of Communications, Inc.

Scott and Lamb join Sanborn Head

Concord, NH Sanborn, Head & Associates, Inc. (Sanborn Head) has added two senior leaders in the firm’s industrial client service area. Julie Scott, PE and Stefanie Lamb, PG bring extensive technical experience and leadership in environmental consulting to their roles of senior vice president and vice president, respectively.

New Hampshire CRE provides ‘the best total returns’ - by David De Lise

The Federal Reserve’s decision to raise interest rates again last month by .25%, (25 basis-points) represents the ninth rate hike in 12 months (a ± 425 basis point increase since the start of 2022). While further interest rate increases seem inevitable, they will likely extend the muted theme and velocity of real estate financing for the next quarter, or longer.

NH Project of the Month: Fulcrum Assocs. building 10,000 s/f freestanding HCA Parkland Medical Center emergency room

Plaistow, NH Fulcrum Associates along with HCA Parkland Medical Center celebrated the groundbreaking for the newest freestanding emergency room on Plaistow Rd. The emergency room will expand local access to emergency care for residents and employees of the region.

Owners with round holes and tenants with square pegs - by Bill Norton

Spring is finally here. No crocuses, but the snowbanks have receded to the shady corners of the yard. What portends for commercial real estate? There are still lots of headwinds, primarily rising interest rates. Given how low rates got (and stayed) the current rates are a shocker.

NH CIBOR president’s message: Supply chain, labor and inflation

With the spring season upon us and substantial changes continuing to affect commercial real estate on a daily basis, experts in the construction and permitting sectors see marginal relief from the trends experienced since the start of the pandemic. In fact, despite efforts from central banks and governments across the world,

Healey, Burke and Miller of Boulos lease 55,575 s/f to Johnstone Supply - 875 Holt Ave.

Manchester, NH National HVACR wholesale distributor Johnstone Supply leased 875 Holt Ave., represented by The Boulos Company. The Boulos Company team—Chris Healey from the Manchester office, Caitlin Burke from the Portsmouth office, and Derek Miller from the Portland office collaborated to represent Johnstone with an eye toward additional growth in New Hampshire.

NH CIBOR president’s message: Debt market influence on construction lending - by Matthew Bacon

Last month, in light of rising interest rates and unchecked inflation, a couple of lending experts were consulted and provided some great insight on broader capital markets and the lending environment changes we’re currently experiencing. Considering the more specialized nature of construction lending, I recently consulted with Michael Mulcahy of Mulcahy Capital, who primarily deals with construction loans for smaller developers.

Much-needed housing projects, should allow jobs to flourish and ultimately support retail shops and restaurants - by Andrew Levy

Well, we made it through Valentine’s and Presidents’ Day! All things considered, not a bad winter–except of course for that horrible record breaking coldsnap that put Mt. Washington on the national news a few weeks ago.

Peck of Horvath & Tremblay sells 41-unit Elaine St. portfolio for $8.1 million - consists of 41 residential units

Hampton, NH William Peck of Horvath & Tremblay has arranged the sale of the Elaine St. portfolio, 41 residential units. Peck exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $8.1 million and $197,561 per unit.