The Price Is High. The Buyers Are Gone.
3 Key Takeaways: A building can survive its owner and still never be worth what that owner insisted. That is the uncomfortable part of selling commercial real estate. Concrete lasts. Conviction, unfortunately, does not establish market value. An owner may have spent decades maintaining a property, replacing its roof, navigating tenant problems, and remembering what…
Amazon Distribution Hub – Coming To A Mall Near You!
In a series of articles over the last month or so, there has been quite a bit of speculation as to the discussions between Simon Malls and Amazon to potentially lease long-vacant Sears & JC Penney Stores, and other large box former retail stores as last mile distribution warehouses. The Simon Property Group Inc. is…
What Is A 1031 Exchange?
A 1031 exchange gets its name from Section 1031 of the U.S. Internal Revenue Code, which allows you to defer paying capital gains taxes when you sell an investment property and reinvest the proceeds from the sale within certain time limits in a property or properties of like kind and equal or greater value. There…
Market Dynamics Driving Housing
While the entire state of New Hampshire has seen a rise in rental rates over the past five years, Rockingham, Strafford, and Hillsborough Counties have all seen a 25%+ increase in rental rates of 2-bedroom apartments. Statewide, the vacancy rate is currently 75%. New Hampshire experienced a 43% increase in permit issuance annually in 2019 when…
What does our future look like in Commercial Real Estate?
Elon Musk, the founder of PayPal, Tesla, SpaceX, the Boring Company, and Open AI, has always thought most people think in analogies instead of understanding the universal truth about the world around us. This is why we feel comfortable sending payments over the internet, able to reuse rockets for multiple launches, have an electric car…
Industry Update
Questions During Uncertain Times Here’s a quick market update from our team and how it might affect future months in commercial real estate. Full disclosure, while we do invest in commercial real estate, we are speaking as real estate brokers and not investors. While we represent a number of property owners and buyers, who each…
COVID-19 Business Guide
Keep The Faith – Information To Help Get Through Trying Times What effects will the COVID-19 virus have on the real estate market on the NH seacoast? What is the history of the governor’s orders? What were the effects of those orders? On Friday the 13th, it all began; Governor Sununu issued a State of…