News: Northern New England

Stebbins of PROCON awarded Business Excellence Award in Real Estate and Construction for Large Orgs.

Mark Stebbins

Hooksett, NH Accoring to PROCON, Mark Stebbins, chairman and CEO was awarded the 2020 Business Excellence Award in Real Estate and Construction for large organizations from NH Business Review. The annual awards recognize New Hampshire’s top business executives for their imagination, industriousness, innovation, and achievements. 

It is Stebbins who has built PROCON’s reputation as a leader in the construction industry and generous supporter of its community nonprofits. Stebbins is the third generation to lead PROCON, which is celebrating 85 years in business.

Under his leadership for the last 40 years, PROCON has grown from a company that only performed construction services with sales of less than $5 million to designing and building projects throughout the Northeast with $200 million in revenue.

PROCON has 95% repeat business –a statistic that is virtually unheard of in the construction industry–and employee turnover of less than 6%.

Stebbins prides himself on the family atmosphere at PROCON, and truly cares about his employees and his community at large. When COVID hit, Stebbins offered Granite United Way a $100,000 challenge match to help those most in need. He also worked with the Manchester Boys & Girls Club to completely renovate Camp Foster and also gave $1 million toward their goal with a challenge match. Stebbins knows the value of success is enjoying it with those around us.

“This is an exciting award for the entire company. We are so proud to be recognized as a business excellence award recipient.” Tracey Pelton, executive director of business development and marketing

NH Business Review launched the Business Excellence Awards in 2002 to recognize business leaders.

 who work tirelessly to cultivate and grow the local and statewide economy.

“We are proud to honor this year’s powerhouse crop of Business Excellence Awards recipients, all of whom have made a great impact, not only within their industries, but within their local communities, and beyond,” said Jeff Feingold, editor of NH Business Review. “Congratulations to Mark and all of this year’s recipients, who continue to make a positive impact on the Granite State, especially in this time of uncertainty.”

To learn more about the 2020 recipients, visit www.nhbr.com/Business-Excellence-Awards. 

PROCON is a single-source, architecture, engineering and construction management firm serving commercial developers throughout the Northeast. The 85-year-old, 4th generation Company is built on integrity, lasting partnerships, and a steadfast commitment to client success. The Company’s one-stop-shopping approach to design, engineering and construction services means that at PROCON, every solution is just down the hall. 

About NH Business Review:
NH Business Review (NHBR) is the only statewide business journal as well as one of the most respected sources of business information, news and features in the Granite State. With more than 50,000 subscribers, NHBR provides readers with both print and online publications, which provide breaking news and business information.

MORE FROM Northern New England
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
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.

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. 

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