News: Northern New England

Flynn Construction breaks ground on 13,100 s/f Evolution Rock + Fitness: design for $2.8 million project provided by Hilary Harris AIA

After nearly a year since the city approved their site plan, Evolution Rock + Fitness officially broke ground for a new $2.8 million facility on March 20. Flynn Construction Corp. has begun construction of the new facility on Langodon Ave., located across from S&W Sports on South Main St. The Hilary Harris, AIA designed energy efficient 13,100 s/f steel facility will house the largest climbing gym in northern New England with more than 14,500 s/f of climbing. Shown (from left, front row) are: Johnny Perillo, Flynn Const.; Carlos Baia, city of Concord manager; David Peterson and John Udaloy, Northway Bank; Nathan Faulkner, Hilary Harris, and Jay Jacobs, Evolution Rock + Fitness; Tim Golde, Golde Planning and Design; and Peter Flynn, Flynn Const. Shown (from left, back row) are: Fred Cain, Sadco Site Development; Mark Ciborowski; Fred Keach; Jack Crisp, Crisp Law Firm; Tim Farmer, S&W Sports; Ray Dugdale, BDC Capital/ CDC New England; Stephen Plimpton and Nancy Carlisle, Nancy Carlisle Interior Plantings.
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
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
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. 

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