Category: Northern New England
Winter is coming... - by Justin Lamontagne
February 3, 2023
For years now, I’ve had client after hopeful client ask if things were “cooling off” in the industrial market. And my answer had consistently been on the contrary, it was only getting more competitive. Year after year, we saw our vacancy rates plummet and plateau only when there was no plummeting left to go!
MEREDA launches new real estate podcast: “MEREDA Matters”
February 3, 2023
Portland, ME Have you ever been curious about the people who have put together some of Maine’s most important development deals? MEREDA has launched MEREDA Matters, a podcast that highlights the people, stories, and relationships behind the responsible development happening in Maine.
Goldman Group proceeds with redevelopment of 41,212 s/f Olde Federal Building in Augusta, ME
January 6, 2023
Augusta, ME The Goldman Group has been approved by the city’s Planning Board to redevelop the Olde Federal Building, located at 295 Water St. Built in the late 1800s, this historic government building, which has hosted the city’s court and post office, is listed on the National Register of Historic Places.
Manzo Freeman Development engages LEX to lead IPO for The Landing at One Chestnut
January 6, 2023
Nashua, NH Manzo Freeman Development (MFD), a privately-owned commercial real estate firm, has engaged LEX Markets (LEX), a commercial real estate marketplace, to lead the initial public offering (IPO) for The Landing at One Chestnut, a mixed-use commercial mill property.
Torrington Properties acquires 175,000 s/f Fort Eddy Shopping Center for $30 million
January 6, 2023
Concord, NH Torrington Properties has acquired the Fort Eddy Shopping Center for $30 million. The 175,000 s/f shopping center is fully leased and is the current home of Shaw’s, Books-A-Million, Staples, Eastern Mountain Sports, Five Guys Burgers & Fries, GameStop, H&R Block, Moritomo Japanese Restaurant and more.
Rohrer and Nesmith of Colliers sell 30 Temple St. for $10.7 million - sold by Creg-Temple Street, LL...
January 6, 2023
Nashua, NH Colliers has sold 30 Temple St. for $10.7 million. The 119,500 s/f Class-A office building has a diverse tenant mix and was roughly 20% vacant at the time of the sale.
Saulnier of MANSARD completes $8 million sale of 80,000 s/f warehouse to RJ Kelly Co.
January 6, 2023
Dover, NH Taylor Saulnier, CCIM, of MANSARD facilitated the $8 million sale of 44 Industrial Park Dr. The 80,000 s/f warehouse is utilized as a distribution facility.
East Brown Cow hires Demler for multiple roles
January 6, 2023
Portland, ME East Brown Cow, a real estate investment, development and management firm has hired Natalie Demler.
Colliers hires Braseth and Wright to its brokerage group
January 6, 2023
Portsmouth, NH Colliers, a global leader in commercial real estate services, has hired Tim Braseth to the Colliers team in Portsmouth, NH and Blake Wright to the Colliers team in Portland, Maine.
Prolman Realty sells 2,200 s/f at 115 Daniel Webster Hwy. to SANRA LLC
January 6, 2023
Nashua, NH Prolman Realty, Inc. has sold 115 Daniel Webster Hwy. to SANRA, LLC who plans on converting the former Bar Harbor bank branch into a dental practice, according to Mark Prolman.
Davis joins Roche Realty Group
January 6, 2023
Meredith, NH Frank Roche, president of Roche Realty Group, Inc., with offices in Meredith and Laconia, has said that Kathy Davis has recently joined the real estate firm.
New Hampshire Spotlight: Looking ahead into 2023: rising interest rates & CRE sales - by Bill Norton...
January 6, 2023
Well. We all made it through 2022. It was a bit rocky but not too bad. Interest rates are up. Construction cost are still way up. Consequently, existing buildings look cheap (well at least “reasonable” in comparison).
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