News: Finance

Waters of McLaughry handles lease to Upper Valley Mortgage - 1,500 s/f

According to Bruce Waters, CCIM, senior broker for McLaughry Commercial, a new office lease has been signed with Upper Valley Mortgage at the Hanover Street Plaza in downtown. Hanover Street Plaza is a 15,000 s/f mixed use office/retail/restaurant facility off of exit 18 of I-89. Owner/member of the Upper Valley Mortgage Company, Ben Lindberg said, "We always prefer to meet our clients face to face in a professional office environment set-up to help make each client more at ease." The new office provides a high visibility location, with views to the Mascoma River. Upper Valley Mortgage will occupy 1,500 s/f of office space and join other tenants such as Stone Arch Bakery, Gnomon Copy and Gateway Locksmith, to name a few. McLaughry Commercial represented the building owner, Donald O. Goodwin Properties and assisted the tenant with this lease. Upper Valley Mortgage was created in 2004 and continues to offer thousands of clients a choice of residential mortgages throughout the Upper Valley. McLaughry Commercial has their principal offices in West Lebanon, NH, and has been servicing the commercial real estate needs of the Upper Valley for over forty (40) years.
Tags: Finance
MORE FROM Finance

C-Lounge Capital provides $18m equity investment for $48m acquisition of Fountains of Boca Raton by Interface Properties

Boca Raton, FL C-Lounge Capital provides $18m equity investment for $48m acquisition of Fountains of Boca Raton by Interface Properties. C-Lounge Capital is a relationship-driven family office investment platform backed by more than 50 years of commercial real estate experience.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Are appraisers on the same page as the assessor? - by Richard Seman

Are appraisers on the same page as the assessor? - by Richard Seman

The purpose of this article is to address problematic or confusing issues which may help assessors and appraisers to better understand how to value real estate for tax assessment purposes.
Massachusetts real estate transfers  over $1 million face new tax rules as of November 1st - by Daniel Meyer

Massachusetts real estate transfers over $1 million face new tax rules as of November 1st - by Daniel Meyer

Attention to owners of real estate in the Commonwealth (and the title companies and other professionals who advise them), the Massachusetts Department of Revenue (the “DOR”) recently adopted a new “millionaire’s tax” via 830 CMR 62B.2.4
The focus on price per s/f compared to the  comparable sales used in the appraisal report - by Dennis Chanski

The focus on price per s/f compared to the comparable sales used in the appraisal report - by Dennis Chanski

Over the past several weeks, I have completed appraisal assignments for private clients. Interestingly, after submitting these appraisals, I received several phone calls – not to question the value, content, or any incorrect information, but rather to discuss the price per s/f compared to the comparable sales used in the report.
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

Our current, highly competitive real estate market poses specific challenges for investors who are considering taking advantage of a tax-deferred 1031 exchange. In this market, investors will have no problem selling their current property if priced properly, but they may find it difficult to find a suitable replacement property