News: Northern New England

Lefebvre of Shanley and Jean of Fulcrum honored by NH CIBOR

David Lefebvre, commercial division manager of Shanley Realtors was named the 2009 Realtor of the Year by the New Hampshire Commercial Investment Board of Realtors (NH CIBOR). The ceremony was held at TFMoran during the NH CIBOR annual barbeque. The NH CIBOR benefits from the commitment, dedication and hard work of its members. Because of this, each year, the group has recognized and rewarded NH CIBOR members who have shown outstanding commitment, leadership and skills in the commercial real estate industry. Lefebvre's continued dedication and hard work for NH CIBOR was appreciated when he was presented with the award by the current NH CIBOR president, Arthur Slattery and the 2008 Realtor of the Year, Jim DeStefano. The Realtor of the Year is selected by their peers based on contributions to the real estate industry, clients, and the Realtor community, as well as outstanding qualities, and other factors that set the individual apart in the award year. William Jean of Fulcrum Associates received the 2009 NH CIBOR Affiliate of the Year award. Jean is the co-chairman of the Affiliates Committee for NH CIBOR. His dedication and hard work for NH CIBOR has been recognized and rewarded by his peers. Jean has worked on bringing another successful year of the 12 step Green Series to NH CIBOR and is also credited with bringing together education seminars to benefit his fellow peers and NH CIBOR members. Slattery and 2008 Affiliate of the Year, Heather Rowan, presented Jean with the honor.
MORE FROM Northern New England

Reveler Development celebrates final phase of work at The Levee - new 51-unit apartment building in Biddeford

Biddeford, ME Reveler Development has begun construction on 10 Upper Falls Rd., the fourth and final phase of Reveler’s master-planned development in downtown,The Levee. “We’re thrilled to embark on this major milestone at The Levee,” said John Laliberte, CEO of Reveler
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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
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. 

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.