Shelburne, VT Fernando Cresta of Nedde Real Estate brokered the sale of a 3,564 s/f commercial building located at 2613 Shelburne Rd., owned by LWV Properties, LLC to Premier Strength & Performance, a personal fitness and conditioning gym.
Cresta has also brought lessee Adam Grundt, PLC a psychology practice, to the Kilburn & Gates building in Burlington.
Yves Bradley worked with the lessor. The leased space consists of 498 s/f.
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.