News: Northern New England

Cianbro Cos. names Vigue to board of directors

Peter Vigue, Cianbro's president and chief executive officer, has been appointed chairman of the board of directors for The Cianbro Companies. Andi Vigue has been appointed president and chief operating officer of Cianbro Corp. Cianbro is an employee-owned company with gross annual sales in excess of $425 million. Cianbro operates in approximately 15 states with regional offices in Baltimore; Bloomfield, Conn.; and, Portland and Pittsfield, ME. Cianbro remains headquartered in Pittsfield, where it was founded in 1949 by Cianchette brothers Carl, Ken, Bud, and Chuck. Today, Cianbro operations encompass a family of companies including its East Coast construction organization; fabrication & coatings facilities in Pittsfield and Baltimore; and new eastern manufacturing facility in Brewer, among other operations. Ival Cianchette, Cianbro's outgoing chairman of the board, will now serve as chairman emeritus. He and his brother Ken remain active members of Cianbro's board of directors. Older brother Carl passed away in 1997 and younger brother Chuck died in 2000. Cianbro is one of the East Coast's largest civil and heavy industrial construction, and construction services, companies.
MORE FROM Northern New England
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
READ ON THE GO
DIGITAL EDITIONS
Subscribe
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.

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. 

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