Malone Commercial Brokers sells three properties - $5.8 million

Portland, ME Malone Commercial Brokers sold three properties for a total of $5.8 million in the fourth quarter of 2021.

Sennebec Lake Campground in Appleton sold to Nurzynski Enterprises, LLC by Evergreen Properties LLC for $2.45 million. Karen Rich and Cheri Bonawitz, CCIM of Malone Commercial Brokers negotiated the transaction.

And in Portland, a 41,861 s/f retail/office/residential development at 170 Fore St. sold to 170 Fore Street, LLC by EssexNorth 170 Fore LLC for $1.7 million. Joe Malone, CCIM, Jennifer Small and Peter Harrington of Malone Commercial brokered the sale.

In Westbrook, a 3.15 acre development at 452 Main & 35-45 Seavey Sts. sold to New Ventures, LLC by RMC Properties for $1.65 million. Peter Harrington of Malone Commercial represented the buyer. Ryan Caruso of JT Leahy Real Estate represented the seller.

Reprint

Next Story Previous Story

November 2024 NH CIBOR president’s message: 10 tips for commercial real estate investors - by Ethan Ash

Northern New England

Porta & Co. and The Boulos Co. broker Maine Clay ...

Northern New England

East Brown Cow and ReVision Energy celebrate comp...

Northern New England

East Brown Cow and Malone Commercial Brokers leas...

Northern New England

Reveler names Pettingill as director of human res...

READ ON THE GO

DIGITAL EDITIONS

Browse Now

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

STAY INFORMED FOR $9.99/Mo.

NEREJ PRINT EDITION

Browse Now

STAY CONNECTED

SIGN-UP FOR NEREJ EMAILS

Columns and Thought Leadership

Ask the Electrician: How do I prepare my commercial building for a disaster?

New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.

The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!

Investing in a falling rate environment - by Harrison Klein

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.

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary