News: Northern New England

Grubb & Ellis|Coldstream launches www.nhlandsites.com for listings

Grubb & Ellis|Coldstream Real Estate Advisors, Inc. has launched www.nhlandsites.com, a web site designed to provide increased market exposure for land properties available for sale or lease in New Hampshire. Visitors to the site can search by land type, as well as search land sites by town or city. According to Jim DeStefano, vice president of sales & marketing for Grubb & Ellis|Coldstream, "our firm has an extensive background in the marketing and sale of land properties. Our appreciation of the special nature of land, coupled with our promotion of sustainable and green development practices, has drawn us to this segment of the real estate market. The creation and ongoing operation of www.nhlandsites.com is a natural extension of our efforts. When consumers desire to own a piece of the Granite State, we hope they will immediately log onto the site as an excellent source for product." Grubb & Ellis|Coldstream has been involved in the marketing and sale of several marquee land assignments in the past few years, including the sale of six lots at the Londonderry Ecological Industrial Park (EcoPark), a sublease of 6.51 acres at Pease International Tradeport to News Sun, Inc. for the construction of Seacoast Media Group's new headquarters, the sale of a 60 acre parcel on Rte. 102 to the Auburn School District, and the sale of the former Beech Hill facility and related 79 acres in Dublin to The Monadnock Conservancy. Visitors can access and download detailed property fliers, site plans, zoning and offering prices on each property listed. Numerous links to state and local agencies, including municipal tax rates, lending, demographic and environmental information, are also available on the site.
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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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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
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.