Commercial real estate broker David Choate looks back on 35-year career
NH Business Review interviewed Choate at the International Marketplace, located at the Pease International Tradeport, where Choate helped negotiate many deals over the years.
Future construction contracts down in N.H.
Contracts for future nonresidential construction in New Hampshire rose 3 percent in June, to some $94 million, but future residential contracts declined by 15 percent, to more than $120 million, according to McGraw Hill Construction.
The Lexington, Mass.-based firm said contracts for future nonbuilding construction, which includes everything from streets, highways, bridges and dams, to airports, water supply systems and utilities, totaled $58.4 million for the month, down 8 percent from $63.1 of the previous month.
Year-to-date cumulative totals indicate a 17 percent decline in future construction contracts to $1.2 billion from 2005’s year-to-date total of nearly $1.4 billion.
Residential contracts saw the greatest decline of 23 percent to $569.2 million, from $742.5 million.
Future contracts for nonresidential construction are down by 19 percent from $487.6 million to $394.3 million.
The only increase for the year so far has been seen in nonbuilding construction contracts, which have increased by 11 percent to $220.3 million, up from last year’s total of $198.8 million. – TRACIE STONE
