News: Northern New England

Schwartzkopf of North Branch Construction earns certification of Leadership in Energy Environmental Development Accredited Professional by USGBC

Jim Schwartzkopf of North Branch Construction, Inc. has achieved the certification of Leadership in Energy and Environmental Development (LEED) Accredited Professional (AP) by the United States Green Building Council (USGBC). LEED AP distinguishes building professionals with the knowledge and skills to successfully steward the integrated design and LEED certification process. LEED Accredited Professionals demonstrate a thorough understanding of green building practices and principles and familiarity with LEED requirements, resources and processes. Schwartzkopf is a vice president for North Branch. LEED is a self-assessing system designed for rating new and existing commercial, institutional, and high-rise residential buildings. It evaluates environmental performance from a "whole building" perspective over a building's life cycle, providing a definitive standard for what constitutes a "green building". North Branch Construction is an active member of the USGBC and has been providing sustainable construction practices for its clients for throughout its 50 year history. Recent LEED projects include North Branch's own new corporate headquarters in Concord, the $7.8 million Silver Level LEED Certified Portsmouth Public Library in Portsmouth and the $18.9 Gold Level LEED Certified Tuck Mall Residence Hall at Dartmouth College in Hanover.
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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
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
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.

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