News: Northern New England
Posted: April 1, 2009
Sullivan Const. building 11,000 s/f for Summit Land Dev.; Centrix Bank tenant
Sullivan Construction Inc. is completing the steel erection for the 11,000 s/f, three story brick-faced building for Summit Land Development. The first floor of the structure will be serve as a new full service branch location for Centrix Bank. Eight apartments will occupy the second and third floors.
Located on the corner of Fifth St. and Central Ave, the Centrix Bank area will feature energy efficient store front windows and cherry woodwork and will have five offices, three work stations, a conference room and an employee break area. The bank will feature both walk-up and drive though banking services.
As well as coordinating with the building owner and design teams, Sullivan Const. is also providing all construction services for the project.
Tags:
Northern New England
MORE FROM Northern New England
Northern New England
PROCON and Hitchiner break ground on 57,000 s/f shared services operations facility
Milford, NH Hitchiner, in partnership with PROCON’s integrated design and construction team, has officially broken ground on a new 57,000 s/f shared services operations facility at its Elm St. campus. This building will house value-added services used across Hitchiner’s various business units,
Columns and Thought Leadership
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.
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 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
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.