News: Northern New England

Guttenplan joins Woodard & Curran board of directors

According to Douglas McKeown, Woodard & Curran's chief executive officer and chairman of the board of directors, Steve Guttenplan has joined the board of directors. Guttenplan is a former president of the engineering firm Metcalf & Eddy/AECOM and also served as global chief technology officer and executive vice president for AECOM Water. He retired from that role in 2011. Prior to Metcalf & Eddy/AECOM, he held numerous positions in a 25-year career at CH2MHill including serving on their board from 2001-2004. "We are honored to have Steve join our Board," said McKeown. "He has a wealth of experience in the engineering industry as an engineer, project manager, executive and board director. He has managed major divisions of multi-national firms, worked on mergers and acquisitions, and been involved in strategic technology initiatives, all of which make him an ideal director for a firm like ours that is continuing to grow year after year." Guttenplan replaces former Maine governor Angus King.
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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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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. 

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.