291 Shasta Street - Manchester, NH
Manchester, NH Chris Pascucci, vice president of commercial sales for The Masiello Group Commercial Associates, completed the sale of 291 Shasta St. for $925,000. Pascucci represented the seller J Pillsbury 291 Shasta LLC.
In another transaction, Pascucci represented H&R Realty, the owner of 80 Canal St. This was a lease transaction of 2,700 s/f to be used as the new headquarters and corporate office of Millyard Communications, publisher of BusinessNH Magazine. Pascucci also assisted the tenant.
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 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.