Category: Northern New England
NH CIBOR president’s message: key economic data & news from Sept. - by Scott Forte
November 4, 2022
The NAIOP CRE Sentiment Index for September 2022 is 47, down from April’s reading of 53. It is at the lowest level since September 2020. This reading suggests that respondents expect conditions for commercial real estate to deteriorate over the next 12 months.
Property of the Month: Kelley Family Properties' entity, JP Irving, LLC, sells 65,520 s/f 6 Loudon R...
October 7, 2022
Concord, NH JP Irving, LLC, an entity of Kelley Family Properties, has sold 6 Loudon Rd., a 65,520 s/f office building. The building was acquired by Sarnia Seacoast, LLC. Ethan Cole of North Atlantic Commercial Real Estate Investments, LLC
Healey of The Boulos Company sells 100,450 s/f industrial/flex for $14.9 million to Foxfield, LLC
October 7, 2022
Salem, NH Chris Healey of The Boulos Company represented Foxfield, LLC in the off-market purchase of 21 Northwestern Dr. for $14.9 million. The 100,450 s/f industrial/flex property has 15.26 acres
Reed of Stebbins brokers $2.801m sale of development site
October 7, 2022
Bedford, NH Mike Reed, president of Stebbins Commercial Properties LLC brokered the sale of a 23-acre development site on Old Bedford Rd. from The Roman Catholic Bishop of Manchester
Ferrari of Prolman Realty brokers $350,000 sale
October 7, 2022
Nashua, NH Prolman Realty, Inc. brokered the sale of 74 Northeastern Blvd. Units 13 & 14 to Sirra Holdings, LLC. Lisa Ferrari, who represented Tescelani Holdings, LLC (seller) said, “The 4,800 s/f office condominium
Porta & Co. negotiates two leases - 5,648 s/f
October 7, 2022
Brunswick, ME Paper Crane Acupuncture and Wellness, LLC leased 1,648 s/f of retail space from The Tontine Mall located at 149 Maine St. Tim Millett of Porta & Co. brokered the transaction.
Peck, Kelleher, and Pentore of Horvath & Tremblay sell 42-unit Rosewood Apartments for $10.4m
October 7, 2022
Salem, NH William Peck, Dennis Kelleher, and John Pentore of Horvath & Tremblay have completed the sale of the Rosewood Apartments, a 42-unit apartment complex located at 1-7 Meisner Circle. The asset sold for $10.4 million
DECCO, Inc. offers new critical equipment handling services
October 7, 2022
Nashua, NH DECCO, Inc. introduced its newest service at the ISPE Boston Product Show. DECCO’s new critical equipment handling services group offers professional rigging services of vital equipment.
Farley and Bacon of SVN Masiello broker $6.6 million sale of 75 acres
October 7, 2022
Hudson, NH Matt Bacon and Cassandra Farley of SVN Masiello Commercial completed the $6.6 million sale of 161 Lowell Rd. to Lowell Road Property Owner DE, LLC. The buyer was represented by David Stubblebine, principal
Harrington of Malone Commercial named Maine Commercial Assn. 2022 Realtor of the Year
October 7, 2022
Portland, ME Malone Commercial Brokers’ Pete Harrington has been honored with the Maine Commercial Association 2022 Realtor of the Year Award.
MRA brokers three sales and three leases
October 7, 2022
Portland, ME Maine Realty Advisors (MRA) negotiated three sales and three leases in August • 5 Wade St., Augusta: A 7,600 s/f office building, sold to Capital Area Properties, LLC by Retail Association
In adversity there is opportunity - by Bill Norton
October 7, 2022
It is the first day of fall. The weather has turned cooler and we are finally getting some rain. The primaries are over, and the mid-term elections are seven weeks out. Billions of dollars will be spent, much, if not most of it wasted
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