News: Northern New England

Wildes and McBride of Commons Dev. and Hawkes of The Collaborative Cos. form ABODE

Bob Wildes and Jack McBride, the principals of Commons Development and Sue Hawkes, principal of The Collaborative Companies have joined forces to launch ABODE, a homebuilding company utilizing advanced building systems to deliver custom and semi custom homes that are greener and more energy efficient, structurally stronger, and quicker to deliver than conventionally built homes. The company's hybrid modular system combines factory built sections and components with custom site built finishes to attain a level of efficiency and quality control that is not possible with conventional site built processes. "With our system, we reap the benefits of building in a controlled environment without compromising craftsmanship and design.", said principal Jack McBride, an NAHB certified Green Building Professional. The hybrid construction process is recognized as green by design by the Leadership in Energy & Environmental Design (LEED) of the U.S. Green Building Council. Commons Dev. and The Collaborative Cos. have developed, built, marketed and sold more than 3,000 homes in the New England area.
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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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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.

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
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