People and Property: Real Estate and Construction News Roundup
CATCH gets $400k funding, American Alarm moves to Queen City … and more
New Hampshire Housing recently approved over $400,000 in federal HOME funding for CATCH Neighborhood Housing to construct an additional phase of its Bow Highlands affordable housing development. The new construction will add 16 additional units of family housing to the development’s existing 20 units.
The newest phase of Bow Highlands also will leverage private investment for affordable housing construction through the sale of federal Housing Tax Credits.
American Alarm, a home and business security system company headquartered in Arlington, Mass., has bought five contiguous condos at 70 Zachery Rd. in Manchester from Prom Real Estate of Williston, Vt. for $518,000. American Alarm is relocating its Windham office to Manchester. Deanna Caron of Stebbins Commercial Properties Inc. represented the buyer in the transaction, and NAI Norwood represented the seller.
Baltimore, Md.-based Prometric, an educational test development and delivery provider for academic, financial, health care, IT and corporate and professional organizations, has signed a five-year lease for 1,537 square feet of space at Concord Crossing on Whitney Road in Concord.
Chris Healey, associate broker with CBRE/New England, and Zubin David of Cassidy Turley of Baltimore arranged the lease on behalf of Prometric.
Martha Baroody has joined the commercial real estate brokerage team at CBRE/New England’s Portsmouth office. Baroody, who will focus her efforts in southern New Hampshire and Maine, previously worked for 12 years as a residential real estate broker on the Seacoast, most recently for at Re/Max in North Hampton, where served as principal broker.
The National Roofing Contractors Association has named former NRCA President Robert W. Therrien, president of The Melanson Co. Inc., Keene, as the recipient of its 67th annual J.A. Piper Award.
Presented each year at NRCA's annual convention, the award recognizes roofing professionals who have devoted constant, outstanding service to the association and roofing industry.
Gary Chicoine Construction Corp. of Weare has purchased $30,000 in tax credits from the Laconia Area Community Land Trust in support of the organization’s efforts to continue upgrading 60 units of affordable rental housing in Laconia.
The trust’s executive director, Linda Harvey, said “Chicoine has built our largest new construction projects. We are very happy to have them support this rehab project through the purchase of tax credits.”
LACLT has been selling state tax credits after being awarded $500,000 by the Community Development Finance Authority.
The Tax Credit Program enables businesses to donate to LACLT in exchange for a state tax credit that can be applied against the New Hampshire business profits, business enterprise or insurance premium taxes.
Jewett Automotive Design & Construction, Raymond, has completed renovations to the Tulley Automotive Group’s Buick GMC dealership in Nashua.
Designed by Bruce Ronayne Hamilton Architects, the project involved both interior and exterior showroom renovations as well as upgrades designed to comply with the latest GMC image requirements.
NeighborWorks Southern New Hampshire recently received a $75,000 grant from a national foundation that has chosen to remain anonymous, in support of the nonprofit organization’s $815,000 20th anniversary capital campaign. The gift will help NeighborWorks reach its goal of renovating 801 Elm St. in Manchester as the new site of its organization’s offices and home ownership center.
The Hannah Grimes Center for Entrepreneurship is now home to the administrative offices of the Monadnock International Film Festival, one of four nonprofits currently operating at the center's 25 Roxbury St. facility in Keene.
The film festival, known as MonIFF, organizes an annual international film festival in Keene, selecting and scheduling films, bringing in filmmakers and cast members, and featuring panels, screenings and parties.
Hannah Grimes offers a range of office space options for both businesses and nonprofit organizations, including full-time space for nonprofits and businesses in its incubator program, part-time or temporary office space as well as conference room and meeting room rental.