News: Northern New England

Norton Asset Management and Harington & Reeves to merge

Manchester, NH Norton Asset Management and Harrington & Reeves plan to merge the two companies to provide exceptional service to their clients throughout southern N.H. and northern Massachusetts.

Bill Norton, president and founder of Norton Asset Management, along with Deane Navaroli and Mike Harrington, principals of Harrington & Reeves, made the joint announcement at their offices located in the Mill Yard. What began as an affiliation and co-office opportunity in 2015 has transitioned into a growth opportunity for both firms. Under the combined company, Harrington & Reeves and Norton Asset Management will focus on delivering commercial real estate brokerage and transactional services and Norton Asset Management, with its extensive consulting/advisory practice, will be the consulting platform.

Norton said, “We are excited to be joining such well respected firms, this milestone in the history of our companies is the beginning of a new journey to deliver superior service to our clients.”

As part of the announcement Harrington & Reeves is unveiling a new visual identity and logo reflecting the firm’s legacy in the market.

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
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
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.

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