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News: Front Section
Posted: June 10, 2009
Harrington, Malone and Doyon of Malone Comm'l. complete 4 deals
Malone Commercial Brokeres recently completed the following transactions:
*322 Fore St., Portland: Gray Cabaniss has leased 529 s/f of office space from 322 Fore Street LLC at 322 Fore St. Peter Harrington, Malone, completed the transaction.
*160 Preble St., Portland: Atlantic Insurance Agencies dba Turner Barker Insurance has leased 6,600 s/f of office space from Unique Properties at 160 Preble St. Joe Malone, CCIM, Malone, completed the transaction.
*53 Exchange St., Portland: Crystal Psychic Spiritual Botique has leased 1,548 s/f of retail space from Albert Palacci at 53 Exchange St. Harrington and Alan Fishman, Fishman Realty, completed the transaction.
*The Herbert Hotel, Kingfield: The Herbert Grand Hotel in Kingfield, servicing the Sugarloaf Ski Area and western mountain region, recently sold to Herbert Grand Hotel, LLC which intends to make further improvements and re-open the 60 seat class A restaurant in addition to catering special events. The Herbert was built in 1918, and is the Sugarloaf area's only historic hotel. John Doyon, CCIM, Malone, along with Roger Daigle and Paul DeHaies, Daigle Commercial Brokers, assisted with the transaction.
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McEvoy of The Conrad Group brokers $2.9 million sale of industrial building
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
Quick Hits
Columns and Thought Leadership
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty
As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
Investing in a falling rate environment - by Harrison Klein
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
It’s time to get creative with closed college campuses - by Christian Koulichkov
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett
>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
