News: Northern New England

North Branch Construction honored by ABC NH/VT

North Branch Construction, Inc. was the recipient of three awards at the 2009 Associated Builders and Contractors (ABC) NH/VT Chapter - Excellence in Construction Awards ceremony held at the Capitol Center of the Arts. North Branch was honored with the top prize of the evening, the Chairman's Best of the Best Award for construction of the Squamscott Block project in Exeter, as well as two awards for Excellence in Construction - one for the Squamscott Block project (commercial $5-10 million category) and one for construction of their own new corporate headquarters in Concord (design/build category). The Chairman's award is presented to the one project that stands out among all the projects winning Excellence in Construction awards. This is the forth time North Branch Construction has been honored with the "Best of the Best" Award, previously winning in 1999, 2000 and 2003. The ABC Excellence in Construction Award winners are determined by an independent panel of judges based on execution of design, craftsmanship, attention to detail, safety, and other considerations. The competition includes awards of merit and excellence in several categories including mechanical, electrical, historical, institutional, commercial, metal buildings and design/build projects.
MORE FROM Northern New England
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
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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. 

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