30 acre site sold to Maine Veteran’s Homes by Skowhegan Savings Bank at 450 Civic Center Drive in Augusta. Frank O’Connor, CCIM, SIOR brokered the sale, which closed on April 1st. Maine Veteran’s Homes will use the land to build a 25,000 SF administrative headquarters.
2-year Site Search and Analysis Leads Synergent to the Right Space
Synergent leases space at Pineland Office Campus for it’s new data processing and operations space need. Justin Lamontagne completed a 2-year site search and property analysis for Synergent leading to a 5,155 SF lease with plans to expand up to 15,000 SF over four years.
Industrial Market Review & 2014 Forecast
Justin Lamontagne presented the Southern Maine Industrial Review & 2014 Forecast at MEREDA’s Annual Conference. See the full presentation here.
Mark Sandler Earns NAR Broker Price Opinion Resource Certification
Mark Sandler has earned the nationally recognized Broker Price Opinion Resource certification.
Mid Coast Hospital to Anchor Highland Green Commercial Development
10,906 SF medical office building to house Mid Coast Medical Group’s Topsham Adult Care Office.
Real Estate Terminology
Deed vs. Title? Appraised value vs. Assessed value?
Right-of-way vs. Easement? Click Here To Read Article
Starbucks to Open Second Old Port Location
Starbucks leased 2,031 SF at 145 Commerical Street to open its second Old Port location.
1031 Tax Deferred Exchange
What impact will changes to the tax code have on
commercial real estate investors? In Justin’s most recent
MaineBiz column, he discusses this tax sheltering tool and
why he expects it to grow in popularity in 2013 and beyond.
READ HERE
NNN? MG?
The difference between a triple net (NNN) and a modified gross (MG) lease is one of the most misunderstood concepts in commercial real estate. In his most recent MaineBiz column, Justin Lamontagne explains in simple terms what you need to understand before signing a lease.
READ HERE
Greater Portland Office Review
Katie Allen and Tom Moulton, CCIM, SIOR recently created a review summarizing the current state of the Greater Portland Office Market. The review discusses leasing, investment, owner occupied properties and new developments as well as an outlook with 2012/2013 predictions.