News: Northern New England

Tinkham Realty completes $176,000 sale to Benchmark

Tinkham Realty is has completed the following transactions: * Benchmark Office Systems of Windham, N.H. has purchased an 1,848 s/f office condo at Londonderry Square, 75 Gilcreast Rd., Londonderry. Benchmark is an authorized XEROX dealer and provides hardware, software, and services throughout N.H. and Mass. The sale price according to the Registry of Deeds was $176,000. Tinkham Realty represented the seller Londonderry Square Associates. * Lynn Wood Designs, Inc. of Windham N.H., has leased 1,200 s/f office at Landmark Crossing, 25 Nashua Rd., Londonderry, N.H. Lynn Wood Designs, Inc. provides website design and development. * Eljay Microwave, LLC of Plaistow, N.H. has leased 1,800 s/f at 1E Commons Dr. at Londonderry Commons. Eljay Microwave, LLC is recognized as a world class supplier of RF and Microwave automated test systems. * PM-6 Cabinets has leased 1,820 s/f industrial condo on Robinson Rd. in Hudson N.H. from Paulria Development. * Unique Health and Wellness, LLC has leased a 940 s/f office condo at Towne Square Professional Office Park in Londonderry, N.H. from Stan Pollock. * Kratos Technology & Training Solutions Inc. of Salem N.H. has leased 2,700 s/f office condo at Butrrick Road Office Park in Londonderry, N.H. Kratos specializes in helping organizations manage large scale, distributed and hybrid environments that require end-to-end monitoring to assure communications success.
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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