Northern New England

Apple Hospitality REIT acquires the Aloft Portland for $51.2 million

Portland, ME Apple Hospitality REIT, Inc. acquired the 157-room Aloft Hotel at 379 Commercial St. for $51.2 million, or $326,000 per key. “We are pleased to expand our portfolio with the acquisition of the newly constructed Aloft Portland, Maine

Interchange Development begins construction on Merchants Way; includes new Market Basket and NH Liquor & Wine Outlet

Concord, NH Interchange Development LLC has begun the construction of Merchants Way, a new Market Basket anchored shopping center located adjacent to I-93 Exit 17 in the Penacook area of the city. The first phase of Merchants Way will include a new

Bogdanovics and Hardesty join The Boulos Co.

Portland, ME The Boulos Company welcomes two new employees: associate Sasha Bogdanovics and marketing & administrative assistant Kendra Hardesty. Bogdanovics relocated to Portland from Jackson, Wyoming, where she worked for

New Hampshire CIBOR president’s report - by Joe Friedman

Happy fall! A lot to report here so I’ll get right to it. New Hampshire recently passed new laws that affect commercial real estate. The following are some of those key changes.

Reed of Stebbins Realty sells two industrial sites

Manchester, NH Mike Reed, president of Stebbins Commercial Properties LLC negotiated the sale of the two industrial development sites on Sheffield Rd. from Frank Miller to Steve Granese.

The Kane Co. renovates 52,600 s/f for Aclara global headquarters

Portsmouth, NH The Kane Company (Kane) has completed the new 52,600 s/f global headquarters for Aclara within the city’s Pease Tradeport submarket. The 30 New Hampshire Ave. address is undergoing a substantial

Dakota Partners closes phase 1 of Woodland Village - 42 units

Goffstown, NH Dakota Partners has secured all financing and approvals to close on phase 1 of Woodland Village, a new apartment community that will contain a mix of income restricted units and market rate units.

Land surveys: A necessary step in real estate transactions - by Philip Hastings and Nickolas Arnold

Land surveying dates back to ancient Egypt and the building of the pyramids. Presidents Washington, Jefferson and Lincoln were all land surveyors. For multiple practical and legal reasons, land surveying remains an important part of

The cowork house comes home - by Thomas House

It is ironic that almost as soon as the WeWork IPO failed, along comes a pandemic creating a brand new work from home market segment - though most homes lack adequately appointed space to carry on in a professional environment.

Industrial markets: Northern New England markets have benefited from spillover effect - by Bill Pastuszek

New England opened up in the spring, and, now in early September, everything is open but we are worried again. We were told it wouldn’t be over as soon as we thought it would be and that seems to be holding true. A couple steps