News: Northern New England

Warrenstreet Architects receives 2015 Cornerstone Award for social responsibility

Everyone at Warrenstreet was very humbled and proud to receive the 2015 Cornerstone Award for their corporate social responsibility from New Hampshire Businesses for Social Responsibility. Kyle Barker attended the NHSBR's spring conference and was presented the award from governor Maggie Hassan. "Corporate Social Responsibility is built in to the DNA of this professional design cooperative, and was specifically incorporated into the company's bylaws back in 2008. Warrenstreet promotes green practices in all of their projects, and donates 10% of their gross revenue in pro bono and in-kind design services to better the nonprofit community. Additionally, the staff donate hundreds of volunteer hours, to diverse groups around the state. At Warrenstreet, there is no trade-off between good design and green design; they accomplish both!" Recent examples of Warrenstreet's community focus can be seen in their pro bono work including the Concord Friendly Kitchen, The Girls Inc. Building on Hope project, the NH State Veterans Cemetery Army Monument and Kroll House Building on Hope project." Many thanks to nominator, Rob Dapice of NH Housing Finance Authority. Dapice said, "Both Warrenstreet co-founder Jonathan Halle and new partner, Kyle Barker could be individually recognized. Jonathan's efforts as the chairman of the Building on Hope project have been inspirational. Kyle, as the principal of Barker Architects until 2014, was noted for his contributions to Community Design Charrettes with Plan NH." Warrenstreet is a 25-year-young, employee-owned cooperative, providing architecture, landscape architecture and interior design to clients throughout New England. Since 1990, Warrenstreet has strived to build upon the premise of thoughtful planning, innovative design, and most importantly, respectful collaboration. Warrenstreet knows that the measure of their success is their client's satisfaction and to that end, they continually pledge with each new project and each new client, to work hard and reflect the commitment of a true community partner.
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Columns and Thought Leadership
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
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.