News: Northern New England

Tinkham Realty brokers 4 office/warehouse leases totalling 7,454 s/f

Tinkham Realty, Inc. Commercial Brokers negotiated multiple leases and two sales in southern New Hampshire area. * James Pelletier, DDS of Dracut, Mass. has leased 1,500 s/f of office space at 46 Lowell Rd., Windham. This site serves as his second orthodontics care location. Judy Tinkham represented the lessor, Monomoy Development, LLC and assisted the lessee. * Corporate Cost Control of Londonderry has leased 1,329 s/f of office space at Londonderry Sq. Tinkham represented the lessor Jeannette Sarni Rev. Trust and assisted the lessee. * Reliable Asset Recovery of Londonderry has leased 2,625 s/f of office/warehouse space at 1A Rockingham Rd. in Londonderry. Bill Zolla of the commercial division represented the lessor, Higgins Properties, LLC. * Intelligent Manufacturing Solutions, LLC of Manchester, has leased 2,000 s/f of warehouse space on 23 Londonderry Rd., Londonderry. Zolla represented the lessor, Lional Labonte and assisted the lessee. * Jennifer Morin has purchased a 1,200 s/f free standing office building at 532 Mammoth Rd. in Londonderry. Plans call for conversion of the property for residential use. The sales price according to the Rockingham County Registry of Deeds was $132,600. Dave Fraser of the commercial division represented the seller, Highland Equity, LLC and assisted the buyer. * JTLB, LLC of Sandown has purchased a 1,536 s/f office condo at 1C Commons Dr. in Londonderry. The property will be the main office for Tax Services of Londonderry. The sales price according to the Rockingham Registry of Deeds was $160,000. Dave Fraser of the commercial division represented the seller, Maria Gregoria-Szemplinski.
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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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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
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.

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. 

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