JHR Development, LLC receives the Business of the Year Award from Southern Midcoast Maine Chamber of Commerce
JHR Development, LLC, with over 350,000 s/f of developed space in the region, was honored by the Southern Midcoast Maine Chamber of Commerce with their Business of the Year Award. The Chamber, which serves more than 600 area businesses in 16 communities, chose JHR based on rigorous criteria.
JHR became part of the local business landscape in 2007 as Brunswick, Maine's "real estate developer of choice" for Brunswick Station, a 5-acre, mixed-use development on Amtrak's Downeaster line. The multimodal project, adjacent to Bowdoin College, created momentum that has led JHR to develop the 52-room Brunswick Hotel & Tavern, a 200,000 s/f property that is home to Paradigm Windows and AdvancePierre Foods, and a 36,000 s/f renovation of a former naval commissary in Topsham recently sold to Wicked Joe Coffee.
Presently, JHR is building a medical center for Mid Coast Hospital in Bath, Maine. In Massa., JHR won an RFP bid to work with Northshore Education Consortium of Beverly to redevelop a 35,000 s/f school for children and adolescents with special needs. The school is slated to open this summer.
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.
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.
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
>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.
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.