News: Northern New England

O'Brien, Mueller, McMahon and Lonergan join NAI/Norwood's Portsmouth office

NAI Norwood Group has hired Brian O'Brien, John Mueller, Christopher McMahon and Stacey Lonergan for their new seacoast regional office. Regional vice president Charles Goss established the 100 Market St. office and is spearheading its growth, "NAI Norwood Group welcomes Brian O'Brien, John Mueller, Christopher McMahon and Stacey Lonergan to our team. They are each leaders in commercial real estate and will offer our clients expertise in marketing, brokerage, sales, and leasing." Goss will work with newly appointed vice president and managing broker, O'Brien. O'Brien specializes in alternative commercial investments and 1031 exchanges. Also joining the new team as regional vice president is Mueller whose focus is sales and leasing of high quality retail and office spaces. McMahon joins the staff with an expertise in sales and leasing of land, as well as retail, office, and industrial space in the New Hampshire seacoast market. McMahon will also focus on tenant/buyer representation for all forms of commercial and investment real estate. Lonergan has been appointed marketing coordinator for the new seacoast office. She has a diverse background in commercial real estate and will spearhead all marketing efforts.
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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
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