News: Northern New England

Cleveland, Waters and Bass, P.A. celebrates 50th anniversary

Cleveland, Waters and Bass, P.A., a business law firm, celebrated its 50th anniversary at a gala event held at the Capitol Center for the Arts on May 14. Joining the firm's current lawyers and staff were its sole surviving founder, Robert Bass, Jr., and Hilary Cleveland, the wife of the late Congressman James Cleveland, also a founding member of the firm. Over 150 guests attended the event, including a number of attorneys and staff formerly employed by the firm. Among the attorneys at the event who were formerly employed by Cleveland, Waters and Bass were retired New Hampshire Superior Court justice George Manias, and retired U.S. District Court judge Joseph DeClerico, Jr. The firm was founded by Bass, Cleveland, and Warren Waters in 1959. The firm has grown to become one of the largest firms in the state and is located at Two Capital Plaza in Concord. The firm also has satellite offices in New London, N.H. and Haverhill, Mass. Cleveland, Waters and Bass, P.A. has 17 attorneys with practice groups focusing on business representation, real estate and land use law, lending, commercial transactions, commercial litigation, employment law, tax and employee benefits, trusts and estates, and personal injury law.
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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
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
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