Category: Northern New England

There are so many dimensions to the problems that are created, rather than solved, by car culture that it’s hard to know where to begin. The biggest problem has rapidly become parking, which even has atmospheric effects. But we’ll restrict ourselves to three dimensions - urban, suburban, meteorological.

Real estate transactions are full of unique terminologies, abbreviations, and acronyms, some of which are not self-explanatory and add a layer of complexity to a sometimes convoluted process. We have compiled some common terms to help cut through the jargon. 

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. 

Summer is unfortunately coming to an end, and many people are asking “Did we even have a summer?” With many rainy days, it wasn’t a typical sunny summer that we all look forward to. In addition to the rain, the west coast, south, and midwest dealt with many weeks of 110-degree heat, and Canada has lived through wildfires-turning our New England skies dark.

Laconia, NH Adam Dow, CEO of the Dow Group powered by PLACE and affiliated with Keller Williams Coastal and Lakes & Mountains Realty, has released information on a new development at 51 Elm St. in the Lakeport neighborhood. Developed by Paugus Properties LLC and built by Bonnette, Page & Stone, this development encompasses 20 residences, ranging from studios to one, two, or three-bedroom layouts.

“I think we have kind of made history,” said house speaker Sherman Packard, a Londonderry Republican, after the New Hampshire Senate and House agreed on a new state budget with near unanimous, broad bipartisan support. Increased appropriations for housing initiatives were included in the final budget.

Merrimack, NH Marcus & Millichap negotiated the sale of 19 Star Dr., a 23,400 s/f industrial property for $2.95 million. “The interest and demand for this asset were extremely high, as investors were drawn not only by the exceptional quality of the real estate but also by its blend of stability and potential for rental growth,” said Luigi Lessa, associate.

Westminster, VT Jewett Construction Co. hosted a groundbreaking ceremony at Faith’s Toyota Ford to commemorate the construction of a new 37,000 s/f ground-up dual branded dealership in the Green Mountain State. The new building will showcase an array of modern amenities while incorporating LEED-certified features

Portland, ME Ideally located at the confluence of Portland’s historic Old Port and the city’s financial districts, One Canal Plaza is being thoroughly reimagined by local real estate management, investment, and development company, East Brown Cow. Through a $10 million capital improvement investment in partnership with internationally renowned architect, Moshe Safdie

Portland, ME The RAM Companies (RAM) has acquired the 100% leased Warren Ave. industrial complex for $9.6 million. The three-building property is located at 421 and 429 Warren Ave. RAM plans to make several upgrades to the property and will use its in-house team for property management. Founder Howard Goldenfarb, Todd Goldenfarb, and Mark Campbell, SVP of acquisitions & development, led the acquisition effort on behalf of RAM and its affiliate, Mile Marker Investments.

Exeter, NH Unitil, a local provider of natural gas and electricity, said that their Seacoast operations center has become the first building in New Hampshire to achieve WELL Certified designation. Unitil shares this achievement with its facility’s New Hampshire-based design and construction partners, including PROCON and Stibler Associates, LLC, as well as the Resilient Buildings Group, which supported Unitil’s WELL Certification process.

Bedford, NH Sanborn, Head & Associates, Inc. (Sanborn Head) has added Carolyn Silverthorn, MBA as the firm’s new senior vice president of finance. Silverthorn will lead Sanborn Head’s accounting and finance teams including managing all aspects of the firm’s  financial planning, management, and reporting activities. She will manage and oversee the  development of Sanborn Head’s accounting professionals