Manchester, NH Michael Reed, president of Stebbins Commercial Properties LLC leased 3,640 s/f at 93 South Maple St. from Queen City NK Investments, LLC to Desmond Holman DBA Daw Kun Thai LLC.
Reed represented the landlord and assisted the tenant in the transaction.
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.
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.