Category: Northern New England
North Branch Const. begins work at 22,000 s/f Community Bridges
March 4, 2022
Concord, NH North Branch Construction recently began a 22,000 s/f interior demolition and office fit-up renovation for Community Bridges at their future new location at 162 Pembroke Rd. In addition to a new site drainage system, sidewalks with a parking lot expansion, and landscaping, interior work will include demolition of existing space,
Retail - COVID, electric vehicles, DoorDash and their effect on the Southern New Hampshire retail m...
March 4, 2022
The retail market has certainly changed, or rather accelerated, its trajectory over the last two years! The COVID-19 pandemic, technological advancements, changes in the economy and other local, national & global events have collectively significantly affected the retail industry – for better or worse.
New Hampshire Broker - CRE sector has anticipation, along with some anxiety - by Bill Norton
March 4, 2022
We know spring is coming. But as I sit here on a sunny, but cold, morning it is still winter. So that leaves us with anticipation. The commercial real estate (CRE) sector has anticipation, along with some anxiety. Inflation, of and by itself, is not always the worst thing for CRE (think rising rents), but after so many years
Maine Broker - The Maine conditions and indicators are simply too strong for any major negative swi...
March 4, 2022
After the roller coaster that was 2020 (remember the Great Pause of March/April 2020?!), we settled into a more traditional industrial sector experience in 2021. That is to say, it was nuts. Our decade run of increasing demand and decreasing supply continued and we see no signs of material change in the coming year.
Engineer - The construction industry has quietly been reinventing itself over the past few decades ...
March 4, 2022
Labor shortages, rising prices, and regulatory delays. No sector of the economy seems to be immune to these problems, although the construction sector seems to be among the hardest hit. “When will things return to normal” is no longer the question – the new normal is all around us. Although these problems may
Waterstone Properties acquires 17 additional acres for development adjacent to Rock Row
March 4, 2022
Westbrook, ME The owners of the $600 million, 110-acre Rock Row development, Waterstone Properties, have acquired control of an additional 17 acres of developable parcels adjacent to Rock Row. The sale price was not revealed. The two sites to be developed by Waterstone are:
Marcus & Millichap brokers sale of 65,700 s/f self-storage facility featuring 380 non-climate-contro...
March 4, 2022
Goffstown, NH Marcus & Millichap brokered the sale of Goffstown Back Rd. Self-Storage, a 65,700 s/f facility, according to Grant Fitzgerald, regional manager of the firm’s Columbus office. The sale price was not disclosed.
Architect - The development of mass timber - by Thomas House
March 4, 2022
We appreciate what the design community is trying to say when they refer to embodied carbon. Insofar as they are referring to buildings reliant primarily on concrete and steel, which mostly involve disembodied carbon lost to the atmosphere in the high-energy manufacture of metals, or when stone is broken or crushed.
Brady Capital Advisors arranges $13.8 million financing of Country Brook Estates - a 96-unit, garden...
March 4, 2022
Rochester, NH Brady Capital Advisors, LLC (BCA) arranged and facilitated $13.8 million financing for Country Brook Estates Apartments, a 96-unit, garden-style, multifamily property on 63 acres located at 68 Hemingway Dr. for a closing that took place on January 7.
Hersch of Tinkham Realty sells mobile home park and 50 acres for $525,000
March 4, 2022
Pembroke, NH Tinkham Realty, Inc. completed the sale of 231 Mass Rd. The sale consists of a five unit mobile home park, a Cape-style home and 50 acres with 2,100 ft. on the Suncook River, zoned residential.
Appraisal - Northern New England industrial market - by Bill Pastuszek
March 4, 2022
As we all pretty well know, industrial markets – by that, including warehousing, logistics, etc. – have been the darling property sector during COVID-19. CBRE’s 2020 Market Overview noted that “the U.S. industrial market will see some dramatic shifts in 2020. Absorption gains will be difficult to achieve and some overhand
Reed of Stebbins Commercial sells 10,520 s/f
March 4, 2022
Manchester, NH Mike Reed, president of Stebbins Commercial Properties negotiated the sale of the 10,520 s/f commercial building at 121 Riverfront Dr. from Amoskeag School LLC to Dmitry Zhivotosky.
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