News: Northern New England

NAI the Dunham Group completes 20,242 s/f in leases

NAI The Dunham Group has completed the following transactions throughout Maine: In Portland, Portland Phoenix, LLC leased 1,300 s/f of office space at 65 West Commercial St. from J. B. Brown. Mark Sandler of NAI The Dunham Group and Matt Cardente of Cardente Real Estate brokered the lease. In Gray, K.T. Distributors, Inc. leased 3,000 s/f of warehouse space at 42 Lewiston Rd. from Neil Maietta. Justin Lamontagne from NAI The Dunham Group brokered the lease. In Biddeford, CoreLogix renewed their 5,558 s/f office lease at 432 Elm St. from Northern Ventures. Tom Moulton, CCIM, SIOR and Greg Hastings, SIOR from NAI The Dunham Group brokered the lease. In Saco, Sea Salt Lobster, LLC renewed their 5,000 s/f industrial lease at 64 Industrial Park Rd. from BAJO, LLC. Greg Hastings, SIOR of NAI The Dunham Group brokered the lease. In Portland, CEI Capital Management leased 5,384 s/f of office space at 100 Commercial St. from Soley Wharf, LLC. Charlie Craig from NAI The Dunham Group and Pete Harrington from 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
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. 

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