Category: Northern New England
Class A & B office vacancy rates drop in Greater Portland, sublease market is significantly higher t...
May 5, 2023
>Over the past year, the office market in downtown Portland has seen a steady amount of absorption, leading to a 1% drop in the vacancy rate. The overall average rental rate fell compared to last year with the sublease asking rate dropping by 3.3% ($1 per s/f), but the direct asking rate increasing
Ferreira joins Thornton Tomasetti's sustainability practice as vice president
May 5, 2023
Portland, ME Prudence Ferreira has joined Thornton Tomasetti’s sustainability practice as a vice president. Ferreira will be heading up the firm’s passive buildings consulting team. She will be assisting
Advisors Living holds grand opening for Cape Elizabeth sales office
May 5, 2023
Cape Elizabeth, ME Advisors Living, the residential sales platform of Boston Realty Advisors, held its formal grand opening for the new sales office in Maine, to serve residential buyers and sellers in Southern Maine, including the Greater Portland region from York along the coast north to
Wason Associates Hospitality brokers Giri Hotels’ acquisition
of 248 room Anchorage by the Se...
May 5, 2023
Ogunquit, ME Giri Hotels has acquired Anchorage by the Sea, a waterfront hotel located at 125 Shore Rd. The transaction was negotiated by Wason Associates Hospitality Real Estate on behalf of the seller: AMIO, LLC and Anchorage Motor Inn Ogunquit Inc. This acquisition represents the blending of long-time
NH CIBOR president’s message: What are New Hampshire banks planning for the year? - by Matthew Bac...
May 5, 2023
As I was writing my last president’s message, I couldn’t help but think “Are we going to find out what the current administration considers ‘too big to fail’?” Following the 2007-2008 financial crisis, there were several unprecedented moves made by the Federal Reserve
Hepler and Dano of SVN | Masiello Group earn CCIM Designation
May 5, 2023
Bedford, NH Jesse Hepler and Brian Dano of SVN | The Masiello Group have each earned their CCIM Designations. After months of preparation, the pair earned this prestigious 50-year tradition of commercial real estate education and entrepreneurship.
Maine Realty Advisors brokers four sales totaling over $3.5 million
May 5, 2023
Portland, ME Maine Realty Advisors negotiated the sale of 779 Congress St. to RM Ferrante LLC. The propertyis a10-unit multi-family sold by RSP-Congress Street LLC for $1.225 million. Frank Carr of Maine Realty Advisors and Thomas Gadbois
DeStefano & Assocs. provides services for two multifamily projects, a lab and a dental facility
May 5, 2023
Cumberland Foreside, ME DeStefano & Associates, Inc. (DAI) has started the construction of a 45-unit condo project on Rte. 1 This four-story structure will contain one- and two-bedroom condos, underground parking, workout room, community area, and car charging port. Completion is planned for spring
Kirkland, Saenz, and Casey of Northeast Private Client Group sell $3.85 million multifamily portfoli...
May 5, 2023
Kingston, NH Northeast Private Client Group (NEPCG) brokered the $3.85 million sale of a southern New Hampshire multifamily portfolio in Newton and Kingston. Senior associates Drew Kirkland, Francis Saenz, and Jim Casey represented the seller and procured the buyer.
Gilbert promoted to project manager at North Branch Construction
May 5, 2023
Concord, NH North Branch Construction promoted Susane Gilbert to project manager. Gilbert started with North Branch in 2022 bringing with her over 20 years of experience in the construction industry including residential production and custom homes.
Sepulveda joins TFMoran as civil project engineer
May 5, 2023
Bedford, NH Guillermo Sepulveda has joined TFMoran as a civil project engineer. Sepulveda’s recent experience includes civil/site design, permitting, field testing, site surveying, and inspection for residential, commercial, and industrial projects.
JSA completes interior design for Kane’s 100,650 s/f 273 Corporate Dr. at the Pease International ...
April 7, 2023
Portsmouth, NH JSA Design completed a redesign of the interiors of 273 Corporate Dr., a 100,650 s/f office building located at the Pease International Tradeport. Built in 2001, 273 Corporate Dr. is a two-story, multi-tenant space owned by The Kane Company and managed by the Katz Group.
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