Adapting to change - by Bill Pastuszek

As the warmth and hopeful prospects of the holidays and the New Year are in the rear view mirrors, the hard work starts in trying to understand what the year portends. Now two months into 2023, there are high points and there are pain points to be discussed.

Instead of building houses, we are building scarcity - by Thomas House

There is considerable discussion of housing underproduction in the United States, and this is a particular problem in New England that comes with a benefit for homeowners (manufactured scarcity) at a cost for the region. This cost of underproduction is measured in:

Greater Portland retail market vacancy rates continue to drop - by Peter Harrington

The Greater Portland retail market continued to remain on solid footing in 2022. The vacancy rate dropped about 1% from 2021 to 4.23%. The same can be said for the national vacancy rate. Nationally, at the end of Q3, the vacancy rate stood at 4.3%, down from 20% just a couple of years ago during the height of the pandemic.

Martin of Colliers named one of company’s top producers - inducted into the exclusive 2022 Everest Club

Manchester, NH According to Gil Borok, president and CEO of leading global commercial real estate services firm Colliers, Doug Martin of its Manchester, office has been inducted into the 2022 Everest Club. The Everest Club recognizes the top 10% of all Colliers professionals in brokerage, valuation, and corporate solutions in the U.S. based on revenue production.

Chittenden County, Vermont: Local companies grow and the housing struggle - by Doug Nedde, Jaeger Nedde, and Fernando Cresta

Chittenden County, Vermont, like much of the United States and the world, has experienced a volatile commercial real estate market since the pandemic. Industrial space and apartments are experiencing upward pressure in demand and rents, while retail and the office market continue to struggle compared to pre-pandemic numbers.

Overdeput of Colliers sells 26,000 s/f industrial/flex for $2.4 million

Derry, NH Colliers has completed the sale of the 26,000 s/f industrial/flex building with 8,000 s/f of office space at 4 Tinkham Rd. to Wrap City. Hugo Overdeput, of Colliers’ Manchester office, procured the buyer, G&P Holdings, LLC. According to the Rockingham County Registry of Deeds, the sale price was $2.4 million.

Maine Realty Advisors brokers seven sales and one lease totaling $6.475 million

Saint Albans, ME Nathan Beaulieu purchased 181 Springer Rd. a 1,000 s/f residential building, from Scott and Jennifer Smith for $310,000. Ben Spencer of Maine Realty Advisors and Erin Levesque of Real Estate 2000 ME/NH brokered the deal.

MEREDA recognizes four exceptional individuals for their contributions to real estate development and policy in Maine

Portland, ME On January 26, 2022, the Maine Real Estate and Development Association (MEREDA) recognized four exceptional individuals for their significant and lasting contributions to real estate development in the state of Maine. The awards were presented in person at this year’s forecast conference at the Cross Insurance Arena attended by close to 800 real estate professionals.

Peaks & Plateaus: MEREDA’s forecast conference gives context to Maine’s Real Estate data

Portland, ME On Thursday, January 26, over 800 of Maine’s real estate and development professionals gathered at the Cross Insurance Arena to learn about the latest trends and predictions for the real estate economy at the Maine Real Estate & Development Association’s (MEREDA’s) Forecast

Chapman Construction completes new HQ for SELT Mathey Center using sustainable practices

Epping, NH Chapman Construction/Design, a construction management company specializing in high-performance building, has completed the construction of a new two-story 7,744 s/f wood-frame building which will serve as the headquarters for the Southeast Land Trust (SELT).