News: Northern New England

Kingwill of Cobb Hill Construction presented with New Hampshire Business ReviewExcellence in Construction award

Cobb Hill Construction's Jerry Kingwill, received the Excellence in Construction award at the New Hampshire Business Review's ninth annual Business Excellence Awards. The annual event recognizes the business achievements of owners of area companies with 100 employees or less. Held at the Radisson Hotel on October 27, the NHBR event was attended by more than 300 people, with thirteen awards handed out in different business categories. Kingwill began his career at Cobb Hill as a carpenter when he came to the U.S from South Africa as a college exchange student. Today, after years of learning the ins and outs of the construction industry, Kingwill is now president of the company. He has completed the year-long "Leadership Greater Concord" program, sponsored by the Greater Concord Chamber of Commerce, as well as the Business Management for Building Professionals and the Green Building for Building Professionals certification programs. Kingwill holds positions on numerous boards including, NH/VT Association of Builders and Contractors, ABC Self Insured Group, Main Street NH, and Canterbury Shaker Village. "I am honored to have the work that we do at Cobb Hill Construction recognized with an NHBR Business Excellence Award," said Kingwill. "I feel tremendous pride in the work we do and the role that we are able to play in our community."
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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
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
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.