News: Northern New England

The MacMillin Co. begins 165,000 s/f Keene Middle School, 14,000 s/f administration building and 1,000 s/f field house

The MacMillin Company has begun construction on the 165,000 s/f Keene Middle School, 14,000 s/f administration building and 1,000 s/f field house. Marinace Architects designed the school to meet the Collaboration for High Performance Schools (CHPS) standards and will be one of the largest of its kind in N.H. Upon meeting the requirements of CHPS, the district will receive 3% additional funding from the state. The construction budget is $27 million and includes a wood chip heating plant. The plant will heat the middle school, the neighboring elementary school and the new administration building. Sitework began in April and construction remains on schedule. The aggressive schedule will allow the school to be open and ready for students in August, 2011. MacMillin Co. has provided construction management services since 1946 to clients throughout New England. Recent projects include the $12m Seven Hills Foundation Residential Pediatric Hospital, the $37m Cheshire County House of Corrections in Keene, and two new $15m residence halls at Keene State College. MacMillin was the first contractor to receive the construction industry ethics award in N.H., and has received several awards for historic preservation, building excellence and environmental stewardship.
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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
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Columns and Thought Leadership
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
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.