News: Northern New England

Elie joins NAI Norwood Group as business broker

Pierre Elie has joined NAI Norwood Group as business broker for the state of New Hampshire and North Shore area. With over 17 years of experience in business brokerage, management, wholesale, distribution where he held various positions in general management, sales and marketing. Elie attended Concordia University in Montreal where he studied business administration and the University of Toronto with a specialty in marketing strategies. Elie is a member of the New England Business Brokers Association (NEBBA), a member of the National Association of Realtors (NAR) and a member of the New Hampshire Commercial Investment Board of Realtors (CIBOR). He is a licensed real estate broker in New Hampshire and Massachusetts. Elie's background in business gives him valuable insight into the many facets of owning and running a business. His management, sales and marketing expertise along with a sound knowledge of business functions enable him to be a viable resource in representing buyers and sellers. He utilizes his customer-oriented approach and business experience to assist buyers and sellers through the often complex process of acquiring and selling businesses. All transactions have delicate moments, and Elie's varied professional background enables him to work with a diverse clientele and bridge gaps between people in order to get transactions closed.
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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
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. 

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.