News: Northern New England

Engelberth Construction breaks ground for $12 million Upper Valley Aquatics Center

A groundbreaking ceremony was held recently and sitework is underway for the new $12 million Upper Valley Aquatics Center project owned by Sports Venue Foundation. Engelberth Construction, Inc. of Colchester, Vt. is building the new two-pool, 38,000 s/f complex located in a 38 acre sports park near the intersection of I-89 and Rte. 5. Governor Jim Douglas, town manager Hunter Reisberg, and land donor Andrea Ciardelli were on-hand to participate in the ceremony. The facility will serve both competitive and recreational needs of the Upper Valley/Dartmouth/Lake Sunapee region and northern New England. The project includes a 25-yard by 25-meter competitive swimming pool and a 500-seat spectator mezzanine. A second natatorium contains a leisure pool with an indoor/outdoor water slide and separate activity room. Completing the indoor facilities are a group of locker rooms, a fitness center, a childcare center, administrative areas, a lobby and space for pool mechanicals. Designed by Moser Pilon Nelson Architects of Wethersfield, Ct., and pool design by Counsilman-Hunsaker of St. Louis. Project completion is slated for December, 2008. Engelberth Construction is a CM/GC with offices in Colchester and Keene, N.H. Engelberth employs over 230 people on projects throughout Vt., N.H., northeastern N.Y. and Mass.
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
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. 

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