People and Property: Real Estate and Construction News From Around NH
Architectural firm rebrands as Maugel DeStefano Architects … and more
Sales of homes priced at or above $1,000,000 paced a lukewarm start for the residential real estate market on the Seacoast, according to the Seacoast Board of Realtors. The organization, which measures sales activity in 13 area communities, said it was the slowest March in at least the last 10 years for single-family sales. The month ended with 52 closings and just 48 active listings, both the fewest ever for March. The high-end market, however, remained hot, with 12 sales over $1 million a March record. On the condominium side there were only 37 active listings at month’s end, the fewest ever for March. The monthly median sale price was up from 2021 by a robust 39.7% at $503,000.
Maugel Architects, a planning, commercial and residential design firm with offices in Harvard, Mass. and Portsmouth, has changed its corporate name to Maugel DeStefano Architects. Maugel acquired DeStefano Architects of Portsmouth in 2019, when DeStefano Architects was renamed DeStefano Maugel Architects. “The unified name celebrates the next step in leveraging our combined strengths,” said Lisa DeStefano, principal of Maugel DeStefano Architects, and founder of DeStefano Architects.
Atlantic Capital Partners has negotiated the sale of 270 Amherst St., a 39,750-square-foot shopping center located near the Massachusetts border in Nashua. Anchored by German discount grocer Aldi, the property was 86 percent leased at the time of sale. Justin Smith, Sam Koonce and Molly Lynch of Atlantic Capital represented the seller, Saxon Partners, and procured the buyer, Linear Retail, in the transaction.
Philip LaMoreaux of Plymouth has joined Badger Peabody & Smith Realty as a sales associate in its Plymouth office. He has 20 years of experience in building and remodeling of New Hampshire homes. He also has earned a Building Analyst certification through the Building Performance Institute.