News: Northern New England

AlliedCook construction manager for 67,000 s/f Phase II expansion at 100 Arboretum Drive at Pease International Tradeport

AlliedCook Construction Management Services is serving as construction manager on the Phase II Expansion at 100 Arboretum Dr. at Pease International Tradeport. The three-story, 67,000 s/f class A office building will offer spaces from 2,500 s/f and up. Designed by JSA Architects of Portsmouth, the design of the expansion complements the original building and offers data/telco services and energy-efficient infrastructure. The expansion will also add 300 new parking spaces. Phase I of 100 Arboretum Dr., constructed in 1999, is a 60,000 s/f class A office building on 20 acres and is home to the regional headquarters of Long Term Care Partners, a wholly owned subsidiary of John Hancock Life & Health Insurance Company and administrator of the Federal Long Term Care Insurance Program. Both JSA Architects and AlliedCook were involved in the design and construction of Phase I. 100 Arboretum Drive is owned and operated by Farley White Interests of Boston. Construction will be completed in January 2014.
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Northern New England

November 2024 NH CIBOR president’s message: 10 tips for commercial real estate investors - by Ethan Ash

While many Realtors will tell you what you need to do in order to sell your residential property at the highest price (clean out the junk, update bathrooms and kitchens, paint, etc.) most people don’t get easy to follow guidance on what to do to help your commercial real estate sale. Other than that advice that I
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The Greater Portland industrial mid-year market update - by Nate Roop

The Greater Portland industrial mid-year market update - by Nate Roop

The industrial market in Maine remains robust, characterized by historically low vacancy rates. As of early 2024, the vacancy rate across the state is below 2%, indicating a continued imbalance between supply and demand. This tight market environment has kept lease rates strong, with many landlords in a favorable position. Asking rates are trending around $10.50 per s/f for
Residential is here to untie the office space doom loop - by Thomas House

Residential is here to untie the office space doom loop - by Thomas House

The glut of unused (and to the owners, undervalued) office space because of the advent of work from home is in the process of becoming homes themselves. Though this is an officially supported trend in Boston and other northeast locations, the conversion
Maine multifamily outlook: Opportunities in Portland, Bangor, and Lewiston-Auburn - Blake Wright and Kristie Russell

Maine multifamily outlook: Opportunities in Portland, Bangor, and Lewiston-Auburn - Blake Wright and Kristie Russell

The multifamily market in Maine’s major cities presents a diverse range of opportunities for investors. We looked at the potential benefits and unique characteristics of three major submarkets in the state: Portland, Bangor, and Lewiston-Auburn. The information below is based on research done in CoStar and county registries, and focuses on multifamily properties that have four or more units. 

Interest rates and inflation - by Matthew Bacon

Interest rates and inflation - by Matthew Bacon

As we all know, interest rates have been changing drastically, with movement in both directions, depending on the type and term of financing. The Federal Open Market Committee has taken drastic action in efforts to curb abnormally high inflation, but it hasn’t controlled labor cost growth to the extent that was intended.