Manchester, NH Michael Reed, president of Stebbins Commercial Properties, Inc. completed the sale of the 14,296 s/f office building at 660 Chestnut St. from 666 Chestnut Associates of Manchester, to Dass Development Corp of Manchester.
Reed represented the seller and assisted the buyer. According to the Registry of Deeds the sale price was $1.2 million.
In another transaction, Reed completed the sale of the 1,560 s/f office building at 1100 Hooksett Rd. in Hooksett, from Grant and Swanee Gibby of West Topsham, VT to Connecticut Valley Computer Services, Inc. of Pittsfield, N.H.
Reed represented the seller and assisted the buyer. According to the Registry of Deeds the sale price was $115,000.
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.