News: Northern New England

Tinkham Realty brokers 9 leases

Tinkham Realty, Inc. completed several leases in southern New Hampshire Londonderry Business Park * Superior Fitness Services, LLC has leased 2,500 s/f office/warehouse.?Judy Tinkham represented the lessor, Lionel Labonte and assisted the lessee. * John Servaes of GKS Manufacturing, Inc. of Delta Dr. has leased 2,000 s/f office/warehouse. Bill Zolla represented the lessor, Lionel Labonte and assisted the lessee. Park II West Office Building - 13 Orchard View Dr., Londonderry * LIF Industries, Inc. of Port Washington, N.Y. has leased a 900 s/f office. ?Zolla represented the lessor, Park II West, LLC and assisted the lessee. * Jackie Fermoyle, owner of Bambo Natural Beauty Salon and Boutique, leased an 1,100 s/f condo. ?Zolla represented the lessor Park II West, LLC and assisted the lessee. Towne Sq. Professional Park - Parmenter Rd., Londonderry * Crawford Software Consulting, Inc. has leased a 960 s/f office condo. Tinkham represented the lessor James Fisher and assisted the lessee. * Capital Cleaning Contractors, Inc. leased a 960 s/f office condo. ?Zolla represented the lessor, James Fisher, and assisted the lessee. Londonderry Commons Professional Office Park *CADD Edge, Inc. of Londonderry has expanded to a 2,736 s/f office condo * Right at Home of Southern, New Hampshire has leased a 907 s/f office condo. Tinkham represented the lessor David Jones and assisted the lessee. Hood Commons, Derry * LynNicole Athletics, LLC leased 1,600 s/f retail space. Tinkham represented the lessor W.P. Hood Associates and assisted the lessee.
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Northern New England

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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
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.

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.