News: Northern New England

Arthur Slattery 2009

Name: Arthur Slattery NH-CIBOR Title: President Company: Phoenix Realty Group Company Title: Partner Location: 104 Riverway Place, Bedford, NH Place of birth: New York City Family: Wife and 2 children College: Pace University and State University of New York First job unrelated to your current field: District sales manager for Avery International in New York City. First job in current field: Sales manager, The Norwood Group What your firm does now and its plans for the future? The brokerage division of Phoenix Realty Group specializes in the sale and lease of commercial and industrial properties in Mass. and N.H. with an emphasis on investment properties. We plan to continue working with clients and customers and building their trust Hobbies: Reading, travel and collecting scrimshaw Keys to success: Promote what you did, not what you intend to do. Only make promises you can and will fulfill. Write it down before you forget it. Person(s) you most admire (outside of family): People who are willing to give of their time and talent to help others. If you had to choose a different profession, what would it be: Crew member aboard the U.S. entrant in the Americas Cup races.
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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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Columns and Thought Leadership
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.

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
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
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.