News: Northern New England

Professional Profile: James Prieto, 2014

Name: James Prieto Title: Site Acquisition Specialist Company: Granite Commercial Real Estate Location: Bedford, NH Place of Birth and Year: Nashua, NH 1980 Family: Parents Thomas & Karen Prieto and sister Megan College: Saint Anselm College 2004 First Job Unrelated to your current field: Green Meadow Golf Course First Job in current field: CoStar What Your Firm Does Now and Its Plans for the Future: Granite Commercial Real Estate is a development company that also provides real estate services to utility and government clients. Hobbies: Working on old Land Rovers, coaching lacrosse and working out at the YMCA Favorite Novel: “Outliers” by Malcom Gladwell Favorite Film: “The Shawshank Redemption” Keys to Success: Putting yourself in your client’s shoes and understanding their needs. The ability to think 360 degrees about an issue is the key to successfully completing a project and to developing long-term relationships. Person(s) You Most Admire (outside of family): Teddy Roosevelt If You Had To Choose a Different Profession, What Would It Be: Whether it is a 12- hour bus ride in Chile or 5 states in 5 days, I enjoy travel and likely would have chosen another career that involved meeting new people and visiting new locations.
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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. 

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