News: Northern New England

Green homes building preview - Oct. 17-18

A new program on "green" building in Massachussetts will be previewed October 17-18 at the 2007 Northeast Fall Symposium of the 50+ Housing Council. Green building is a phrase that is widely used but not well defined. The Builders Association of Greater Boston (BAGB) is developing Build Green Mass. (BGM) to assist designers, builders and consumers in understanding and talking about green buildings. BGM is a model defining seven key categories of green home design, and will lay out a process for third-party certification of "green" buildings. BGM will be presented by Dan Green, president and principal of The Green Company and president of BAGB, and Clayton Schuler. Schuler of F. D. Sterritt Lumber Company, chairs BAGB's Sustainable Building Committee, at the afternoon session of the symposium on October 17. The 7th annual Northeast Symposium features two days of hands-on workshops and dynamic industry leaders sharing insights and techniques for surviving and thriving in today's market. On day two of the symposium, attendees will brainstorm with industry leaders and colleagues to solve case studies and compete for prizes in the "Build a Better Community" Group Challenge. For more information visit www.50plusne.com.
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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
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