News: Northern New England

JSA Inc. wins Merit Award from AIA Design for Aging Review program for The Ridge and the Boulders at RiverWoods

According to JSA Inc. Architects Interiors Planners, the Planning and Design of The Ridge and the Boulders at RiverWoods of Exeter has received the highest honor, a Merit Award, from the American Institute of Architects (AIA) Design for Aging Review program. This award highlights the unique and innovative program and design concepts embodied in The Ridge and Boulders of RiverWoods, a Continuing Care Retirement Community campus. The AIA Design for Aging Review is held in partnership with the American Association of Homes and Services for the Aging (AAHSA). As one of only 14 firms to receive this award, JSA's RiverWoods at Exeter designs were included in presentations about emerging trends and innovative designs for the aging at the AAHSA annual meeting in October 2009 and will also be presented at the AIA national convention in June. RiverWoods will be featured in the companion publication, Design for Aging Review, 10th Edition, to be published in the fall. The project is owned by RiverWoods at Exeter with development consulting provided by Greystone Communities. The contractor is LeCesse Construction. Local consulting engineers include: JSN Associates, structural engineering; Altus Engineering Inc, civil engineering; DiIorio Inc., electrical engineering; RDK Engineers, mechanical engineering; HBLA Inc. and Stantec, landscape design. The Ridge is open and occupied, the Boulders expansion will open in March.
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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
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.

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.