
Verani Realty
70 Lowell Street - Manchester, NH
Hanover, NH Berkshire Hathaway Verani Realty has completed several commercial real estate transactions throughout the state.
Senior advisors Tom Duffy and Mike Charron, completed the disposition of the Hanover condominium portfolio. The package of properties includes 28 condominiums in 4 separate communities in Hanover including 8 Summer St., 43 Wheelock St., 16 West Wheelock St. and 41 West Wheelock St. for an aggregate transaction price of $5.7 million. Duffy and Charron represented the seller.
Duffy and Charron completed the acquisition on behalf of their exclusive buyer of a portfolio of multifamily communities in the state, including 70 Lowell St., a 55-unit multifamily in Manchester, for a combined sale price of $2.99 million. Duffy and Charron represented the buyer in the acquisition of these two assets.
Berkshire Hathaway senior advisor Scott Reiff completed the sale of 625A Broadway Rd. in Dracut Mass. for $1.5 million.
Reiff had the exclusive assignment to sell the land parcel, as well as procured the buyer in this transaction.
Berkshire Hathaway specializes in retail, multifamily, industrial, office, hospitality and mixed-use assets for clients throughout the lifecycle of ownership.
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.
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.