People and Property: NH Real Estate and Construction News Rundown
Evolve at Rye’s $13m financing deal … and more
Pamela Hughes Patenaude, whose career in housing began at the NH Housing Finance Authority, is sworn in by Vice President Mike Pence as the new deputy secretary of the U.S. Department of Housing and Urban Development. Her daughter, Meghan Patenaude, is holding the bible. (White House photo by Joyce Boghosian)
The former Prime Acura North in Hampton and its real estate, owned by David Rosenberg of Prime Motor Group, has been sold to Anthony DiLorenzo of Key Auto Group. The dealership is known as Key Acura of North Hampton.
Key, based in Portsmouth, has automotive holdings in three New England states, including franchised automobile dealerships, a commercial truck dealership, used car superstores and state of the art collision centers.
Rosenberg, under the Prime brand, has had multiple transactions facilitated by Nancy Phillips Associates, which was involved in this transaction as well
Real estate agents Amanda Conway and Katherine McLaughlin have joined Berkshire Hathaway HomeServices Verani Realty’s Bedford office.
Valencia Realty Capital, a Boston-based provider of capital for commercial real estate investors and developers, recently arranged $13 million in financing for the $11 million acquisition of Evolve at Rye, a 40-unit assisted living community at 295 Lafayette Rd. in Rye, NH. The transaction had a total capitalization of $13 million, composed of a $10 million senior debt facility coupled with $3 million of equity.
Valencia arranged the senior debt financing with Murfreesboro, Tenn.-based real estate investment trust National Health Investors Inc.
Howe, Riley & Howe, an accounting firm with offices in Manchester and Portsmouth, recently relocated its Portsmouth office to 210 Commerce Way, Suite 230. The move came as the firm continues to expand its client base and presence on the Seacoast of New Hampshire and Southern Maine. CPA Court Klein is manager of the office, joined by Kyung Kim and Peter Kiriakoutsos.
Paul G. Bergeron of Paul Bergeron Realtor & Associates at Keller Williams Realty Nashua has earned the nationally recognized seniors real estate specialist designation from the Seniors Real Estate Specialist Council of the National Association of Realtors.
Sheehan Phinney Bass & Green PA shareholder Margaret E. Probish has been named to the firm’s five-person management committee as the “at-large.” Probish’s practice is in the areas of affordable housing, public finance, commercial lending, commercial leasing and real estate.
G.M. Roth Design Remodeling, Nashua, recently added three people to its team: architectural designer Mathew O’Connell; production manager Spencer Roth and executive assistant/marketing coordinator Amanda Ryan
Concord Housing + Redevelopment has donated $6,000 to the Concord Family YMCA to enroll children who would not otherwise have the opportunity to participate in Learn to Swim and Water Safety programs. The Y will also be able to focus a portion of the donation toward the associated transportation costs for the youth to participate in these programs.