News: Northern New England

Pro Con Inc. building steel framing for Cobham Antenna System's 105,000 s/f expansion

The steel framing is underway for Cobham Antenna System's Microwave Components group's expansion at its manufacturing facility at 11 Continental Dr. Pro Con Inc is the architect and construction manager for the expansion project, which will add 105,000 s/f to the company's existing 80,000 s/f manufacturing facility. The new 2-story addition will consist of 70,000 s/f of manufacturing space on the first floor and 35,000 s/f of office and conference room space on the second floor. The manufacturing space will have a 20 foot height clearance to accommodate specialized equipment. First floor ribbon windows will bring light into the manufacturing area, and second floor clerestory windows and a cantilevered curtain wall will allow natural light into the office space. As part of the building expansion, Pro Con Inc has designed a new main entrance which includes a lobby, reception area and passenger elevator. The design build expansion is incorporating environmentally beneficial strategies including the installation of energy efficient, low-e glass windows and low-flow fixtures and the building is expected to exceed energy code requirements for energy efficiency. Pro Con began the project in December 2011 and has scheduled a September completion date. "The foundation is complete and the utilities have been installed," stated the project superintendent for Pro Con Inc. "With the steel framing underway, the new expansion is beginning to take shape."
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Northern New England

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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
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
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
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.