News: Northern New England

Professional Profile: Jeffrey Brown, 2014

Name: Jeffrey Dean Brown Title: Vice President, Commercial Lending Company: TD Bank Location: Dover, NH. Birthplace: Peoria, IL Education: Cal Poly, San Luis Obispo First job after college: Peat Marwick, Mitchell and Co…back when there was a “Big 8” of accounting firms First job in real estate or allied field: Corporate Controller for a SunCal Properties, a large real estate development firm in Los Angeles, CA. What do you do now and what are you planning for the future? I am working with my clients to create the right mix of banking products (construction loans to perms, investment real estate loans, lines of credit, cash management, trade finance, etc…) that meets their needs. The future is all about building a reputation in the marketplace as the “go-to-guy,” being knowledgeable, responsive and a fun guy to do business with. How do you unwind from a busy day in banking? I have 4 wonderful kids under the age of 16 and it is an endless parade of baseball, soccer and football practices and games; ballet, recitals and plays with my girls. Tiring but invigorating! Favorite book or author: “A Horse and His Boy” by C.S. Lewis Favorite movie: “Princess Bride” Last app you purchased/downloaded? Pandora App…...The best music app ever! One word to describe your work environment: Integrity Rules to live by in business: Be a man (or woman) of your word. Build trust by delivering the product/service your client needs and servicing the heck out of them. Be honest, even if it hurts. Care.
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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
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. 

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