News: Northern New England

Fulcrum Assoc. breaks ground on $1.25 million Triangle Credit Union

Members of Triangle Credit Union, representatives from Team Design Inc. and Fulcrum Associates recently gathered for the ground breaking of Triangle's new $1.25 million branch located off I-93 North, exit 6, at 1030 Candia Rd. Maurice Simard Jr., president/CEO of Triangle Credit Union was joined by George Adamaitis, chairman, Triangle Credit Union board of directors; James Delisle VP/general manager and Nery Bordas, project manager from the architectural firm of Team Design; and Jeff Luter, construction manager, Fulcrum. This will be Triangle's fourth location in Manchester. The 4,500 s/f branch is expected to open in early summer of this year. A key feature of the branch will be the added access of four drive-up lanes. The new facility is located near the East Industrial Park Dr. Shown (from left) are; Luter, Adamaitis, Simard Jr., Delisle and Bordas.
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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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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.

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.