News: Northern New England

NAHB National Green Building Awards accepting entries

Entries are now being accepted for the 2008 NAHB National Green Building Awards. Each year, the National Association of Home Builders (NAHB) recognizes individuals, companies and organizations for excellence in residential green design and construction practices and for green building program and advocacy efforts. The awards will be presented at a gala dinner as part of the 10th anniversary of the NAHB National Green Building Conference in New Orleans, May 11-13, 2008. Building entries can be scored to the green home certification system of the applicant's choice. However, to facilitate judging, all single-family homes must also be scored to the NAHB Model Green Home Building Guidelines, which are available at nahb.org/gbg. All award applications are available online at nahb.org/gbawards, but entries must be submitted by mail. The application includes instructions for including photographs and other graphics. Applications are due Jan. 30, 2008, and all entrants must be NAHB members. Additional information about the program is available from green building program manager Emily English at 800-368-5242, ext. 8366.
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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
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.

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
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.