Category: Northern New England
Peck of Horvath & Tremblay arranges $5.6 million sale of 31 units
September 2, 2022
Manchester, NH William Peck of Horvath & Tremblay has arranged the sale of 31 units located at 54 and 96 Mechanic St. Peck exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $5.6 million. The sale represents a 6.07% cap rate and a per unit price of $180,645.
St. John, Butler and McLaughlin of CBRE sell Halstead Manchester for $164.6 million - a 640-unit mar...
September 2, 2022
Manchester, NH DSF has sold Halstead Manchester, a 640-unit market-rate apartment community located at 22A Country Club Dr. for $164.6 million. CBRE Capital Markets’ multi-housing experts Biria St. John, Simon Butler and John McLaughlin exclusively represented an affiliate of The DSF Group.
Landry/French Construction celebrates Casco Bay
Ferry Terminal ribbon-cutting on August 16t...
September 2, 2022
Scarborough, ME Landry/French Construction joined the Casco Bay Island Transit District (CBITD) at the official ribbon-cutting ceremony of the Casco Bay Ferry Terminal renovations on August 16th. CBITD was joined by senator Susan Collins, the deputy regional administrator of the Federal Transit Administration
PBC Environmental nears completion of demolition and environmental abatement at former Mercy Hospita...
August 12, 2022
Portland, ME Since March 2022, PBC Environmental (PBCE), demolition and environmental abatement contractor and consultancy, has taken down the ambulatory wing of the former Mercy Hospital at 144 State St., which included the emergency building. To do so, that section needed to be surgically separated from the 1940s historic structure remaining
North Branch Construction completes $6.5 million Bagdad Wood Senior Apartments
August 5, 2022
Durham, NH North Branch Construction has completed construction at Bagdad Wood Senior Apartments. The $6.5 million, 29,188 s/f project included a new three-story addition, providing an additional 26 senior housing apartments, site improvements, significant
HREC Investment Advisors arranges sale of DoubleTree and Tru hotels in Portland
August 5, 2022
Portland, ME HREC Investment Advisors has arranged the sale of the 220-unit DoubleTree Hotel and the 98-room Tru by Hilton Hotel located in the The Maine Mall market of the city. The DoubleTree was purchased by Vaneastland, LLC in 2009 and underwent a complete exterior and interior
Smith, Koonce and Van Gelder of Atlantic Capital Partners
handle sale of 777 South Willow St. fo...
August 5, 2022
Manchester, NH Atlantic Capital Partners has sold 777 South Willow St., a retail asset located off of I-293 near I-93. Justin Smith, head of capital markets; Sam Koonce, associate; and Cole Van Gelder, analyst oversaw the transaction which had Atlantic Capital Partners exclusively representing both
Manchester’s The Factory on Willow wins PLAN NH Merit Award of Excellence
August 5, 2022
Manchester, NH Liz Hitchcock, owner of The Factory on Willow, and her project team received a Merit Award of Excellence from PLAN NH in recognition of having positively impacted the surrounding community through good planning, design, and development.
Hersch of Tinkham Realty negotiates 11,297 s/f sale of Stratham Tire site
August 5, 2022
Laconia, NH Tinkham Realty completed the sale of 125 Water St. The site is the former Stratham Tire retail center consisting of 6,297 s/f retail building and a 5,000 s/f storage/warehouse building all situated
CP Management named to manage 156-unit The Edgebrook Residences
August 5, 2022
Merrimack, NH According to CP Management the new apartment community, The Edgebrook Residences, is now open and leasing. The community is offering six to 14-month lease terms on all studio, one- and two-bedroom apartment homes. In addition
Claremont celebrates the revitalization of Pleasant St. with a Block Party on Saturday, August 13th
August 5, 2022
Claremont, NH The Pleasant Street Block Party is inviting the local community and beyond to celebrate the revitalization of Pleasant St.and showcase all of the great businesses in the City Center’s Pleasant St./Opera House Sq./Tremont St. area
NH CIBOR president’s message: Does the deal make money or not? - by Scott Forte
August 5, 2022
Could a slow down in the real estate market be coming? While there is a lot of chatter among people and real estate agents alike, here are some data points from local and national sources to help us understand the current status of the real estate market.
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