News: Northern New England

Stenger joins KW Commercial as agent

Larry Stenger, a commercial real estate sales professional, has joined KW Commercial, a division of Keller Williams Realty's Bedford-Manchester market center. Stenger previously worked for Jabil, a leader in the electronics manufacturing services industry. He held global responsibilities at Jabil for business development in the defense and aerospace sector. "We are thrilled to have Larry join KW Commercial," says Bedford-Manchester team leader Mark Mulcahy. "Keller Williams Realty offers associates unparalleled career growth and lifelong learning opportunities in the real estate industry. With Larry's extensive business experience and the advantage of his holding both New Hampshire and Massachusetts real estate licenses, we are excited about the possibilities of expansion in our office." "I chose Keller Williams because of its reputation for integrity and its agent-centric business model," said Stenger. "Additionally, working hand-in-glove with the residential agents to exchange referrals in our respective areas of expertise ensure our customers benefit from sector-specific knowledge and experience. I am anxious to contribute to the company's success on the commercial side." "Our goal is to attract the very best in the commercial real estate industry to KW Commercial and clearly Larry meets this standard of excellence in the Southern New Hampshire and Northern Massachusetts marketplace." said Buddy Norman, president of KW Commercial. "At KW Commercial, we provide our associates with the training, technology, marketing tools, and resources to serve their clients at the highest level."
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
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