News: Northern New England

Malone Commercial Brokers negotiates 10,000 s/f lease to WE Aubuchon Co.

Malone Commercial Brokers recently negotiated 2 land sales totaling over 6.5 acres and also brokered 2 leases for 11,600 s/f. * WE Aubuchon Co Inc. leased the 10,000 s/f building at 832 Stevens Ave. (shown) from Remic Properties. Mark Malone, CCIM completed the transaction. * Davison Realty LLC purchased 2 commercial buildings on 5.78 acres from Segal Associates of New Jersey L.P. at 238 Riverside St. for $2.8 million. Joe Malone, CCIM and Drew Sigfridson, CBRE/Boulos, negotiated the sale. * Richmond Washington Allen LLC purchased a .88 acre parcel of land from Whitechapel Corp. as Q1 for Davison Realty LLC at 306-322 Allen Ave. for $2.55 million. Joe Malone brokered the sale. * Andrew Dillios leased 1,600 s/f from Steven Brier at 183 US Rte. 1 in Scarborough. Dale Holman, Malone Commercial, brokered the lease.
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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
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.

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.