News: Northern New England

Christopher Osterrieder 2012

Name: Christopher Osterrieder, P.E. Title: Senior Engineer Company: DeLuca-Hoffman Associates, Inc. Location: 778 Main St., South Portland, ME 04106 Place of birth and year: Virginia Beach, VA - 1972 Family: Wife Michelle, 3 kids Bella (9), Emily (8) and Ben (6) College: University of Maine First job unrelated to your current field: Dishwasher First job in current field: Summer intern at DeLuca-Hoffman, have spent entire 18 year career here. What your firm does now and its plans for the future?: We provide broad based civil engineering services for both private development and municipal projects throughout Maine and New England. Our projects involves all sections of the development field from peer review, to third party inspections to permitting of health care, wind farm and school projects. Hobbies: Distance running Favorite novel: "The Firm" by John Grisham Favorite film: Armageddon Keys to success: Always self evaluate and make sure you are your own hardest critic, but also appreciate and respect the diametrically opposed point of view. Try to see things from the other perspective, especially when that is the end-user. Never discount local knowledge, ever. Person you most admire (outside of family): Ben Franklin If you had to choose a different profession, what would it be?: Park Ranger
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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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Columns and Thought Leadership
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
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.

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.