News: Northern New England

Kingwill of Cobb Hill Construction elected chair of ABC NH/VT board

Cobb Hill Construction, Inc.'s president, Jerry Kingwill, was elected the 2012 board chair of the Associated Builders & Contractors of NH/VT. "ABC NH/VT is a vital organization that represents the needs and interests of all specialties across the construction industry," said Kingwill, "I am pleased to take on this new role and look forward to working together with the board to drive our mission forward this year." Kingwill previously completed the year-long Leadership Greater Concord program, sponsored by the Greater Concord Chamber of Commerce and more recently completed the Business Management for Building Professionals and the Green Building for Building Professionals certification programs. He also holds board positions for Intown Concord (formerly Main Street Concord) , Canterbury Shaker Village, and the ABC Self Insured Group. The Associated Builders and Contractors (ABC) of NH/VT is part of a national trade association that represents contractors, suppliers, and associates in 80 chapters across the United States.
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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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Columns and Thought Leadership
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.