News: Northern New England

Harris of Sheehan Phinney named among New Hampshire's "40 Under Forty" emerging leaders

Sheehan Phinney shareholder James Harris has been named among New Hampshire's "40 Under Forty" emerging leaders in the state. For the thirteenth year, the New Hampshire Union Leader and the New Hampshire Business and Industry Association have honored 40 professionals under the age of 40 that are making a difference in the state. Honorees were selected based upon both their professional accomplishments and their contributions to the community. A member of the firm since 2002, Harris represents clients across a wide variety of industries in civil litigation. His work includes the representation of both plaintiffs and defendants in complex litigation matters including general commercial disputes; trade secret, noncompetition and restrictive covenant litigation; employment cases; and construction actions. Harris has developed expertise in records and data management policies and the management of electronically stored information. In his time with the firm, Harris has represented businesses and individuals engaged in various aspects of the construction trade, media companies defending defamation claims, product manufacturers facing warranty claims, technology developers in business-to-business disputes and noncompetition litigation, victims of professional negligence, and many other types of businesses. Harris is currently the board of trustees chair for the Kevin T. McHugh Memorial Scholarship Fund and serves on the New Hampshire Catholic Charities' Peer-to-Peer Campaign. He is also chair of the Trinity High School board of advisors, as well as the chairman of their membership committee, and a member of the board of directors for St. Joseph Community Services (Meals on Wheels). Harris has been selected as a Rising Star by New England Super Lawyers in the area of Business Litigation since 2009 and has been named one of the Best Lawyers in America in the area of Commercial Litigation. He is a member of the Greater Manchester Chamber of Commerce Leadership Class of 2010. He was also an Editorial Assistant for the Catholic University Law Review.
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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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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.

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
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