People and Property: Real Estate and Construction News Rundown
Strong Towns events scheduled around state, NHHFA honors lenders … and more
Bellwether Community Credit Union has acquired the exclusive naming rights for the Rex Theatre, which is currently being renovated at 23 Amherst St. in Manchester. The reopening of the historic theatre will bring a new wave of entertainment and artistic expression to Manchester.
A partnership between the Manchester Development Corp. and the Palace Theatre to renovate and operate the Rex Theatre as a performance venue was approved by aldermen last October. The 300-seat multi-use theater and function space is scheduled to open on Oct. 1.
Granite Commercial Real Estate LLC has been certified by the U.S. Small Business Administration to participate in the Historically Underutilized Business Zone (HUBZone) program, which now allows Granite Commercial LLC to participate in federally mandated, set-aside, HUBZone contracting opportunities.
G.M. Roth Design Remodeling of Nashua has received a 2019 Guildmaster Award from GuildQuality for demonstrating exceptional customer service in the residential construction industry.
GuildQuality is an Atlanta-based third-party customer satisfaction software surveying company that since 2005 has recognized home building, remodeling and contracting professionals in the U.S. and Canada.
The New Hampshire Housing Finance Authority has recognized its top lenders and loan originators for 2018.
Participating lenders honored were: Residential Mortgage Services; LendUS LLC/Regency Mortgage; HarborOne Mortgage;
Northpoint Mortgage Inc.; Bank of New Hampshire; St. Mary’s Bank; Mortgage Network Inc.; Woodsville Guaranty Savings Bank; Northway Bank; and Meredith Village Savings Bank.
Participating originators honored were: Woodsville Guaranty Savings Bank; Meredith Village Savings Bank; Savings Bank of Walpole; Merrimack County Savings Bank; and Pinnacle Mortgage Corp.
Honored loan originators were: Meghan Merrill; Brian Makris; Marleen Paquette; Justin Macagba; Jane Jordan; Sharon Peters; Lisa Capicchioni; AJ Lane; Kim Riddell; Denise Hubbard; Marcie Gowen-Nobley; Christine Greenwood-Smart; Terry Daniels; and Barbara Bullard.
“Our top lenders and loan originators are key to supporting affordable housing opportunities for New Hampshire households,” said Ignatius MacLellan, managing director of NHHFA’s Homeownership Division.
Chuck Marohn, founder and president of the organization Strong Towns, will visit New Hampshire during the first week of April, making stops in Rochester, Concord, Claremont, and Portsmouth.
The nonprofit’s mission is to support a model of development that allows communities to become financially strong and resilient.
“Strong Towns’ emphasis on the participation of ‘strong citizens’ is well aligned with the coalition’s goal of promoting the voices of all advocates,” said Sarah Wrightsman, executive director of the Workforce Housing Coalition of the Greater Seacoast, which is helping to organize the visit.
On Marohn’s schedule:
- Monday, April 1, 6:30 to 8:30 p.m.,. Rochester Performance and Arts Center
- Tuesday, April 2, 7:30 to 9 a.m., New Hampshire Audubon McLane Center, Concord
- Tuesday, April 2, 6:30 to 8:30 p.m., Claremont Savings Bank Community Center, Claremont
- Wednesday, April 3, 6:30 to 8:30 p.m., Portsmouth Public Library
Franklin Savings Bank held a ribbon-cutting ceremony on March 21 to commemorate the grand opening of its eighth full-service office, this one located in the Pinardville area of Goffstown.
The 2,161-square-foot office is located at 585 Mast Rd. Among those attending the ceremony were several partners closely involved with the project, including Paramount Partners, Sullivan Construction, TFMoran, DeStefano Architects and Upton & Hatfield.
Diane Paradis is manager of the branch and John Bortolotto
vice president, commercial loan officer, will also work out of the office.
New Hampshire Department of Transportation Commissioner Victoria Sheehan has ordered customary spring load limits on sections of the state highway system as authorized under state law.
The maximum allowable vehicular weight posted sections of state highways is 30,000 pounds gross weight, or the cumulative width in inches of all tires contacting the road surface multiplied by 300, whichever is less.
A list of affected roads can be found at newengland511.org.
Prolman Realty has announced the disposition of three residential multifamily properties totaling 14 units for CHERB LLC, according to Mark Prolman of Prolman Realty. CHERB was represented by Prolman and Garry Rocca of RE/MAX Properties. Prolman was also involved in the sale of 2 E. Otterson St., Nashua, to 2 East Otterson Street LLC by SAS Realty Limited Partnership. SAS Realty was represented by Chris Healey of CBRE New England and the buyer was represented by Prolman. The 3,150-square-foot retail building sold for $400,000.
St. Mary’s Bank has announced it will make down-payment assistance grants of up to $15,000 available to eligible first-time homebuyers starting this spring. The grants can be used for down-payment and closing costs as well as homebuyer counseling and rehabilitation assistance. To qualify for down-payment assistance, borrower household income must be at or below 80 percent of the area median income based on property location.
For more information, visit stmarysbank.com/mortgage.
The sale of a 7,662-square-foot condo at 22 Manchester Rd., Derry, by Flying Crushers LLC of Manchester to Katerina Kubec of Derry has been announced by Mike Reed of Stebbins Commercial Properties. Reed represented Flying Crushers and Doug Martin of KW Commercial Real Estate represented the Kubec in the transaction. According to the Registry of Deeds the sale price was $529,000.
The 25,642-square-foot retail space at 252 Daniel Webster Highway in Nashua currently occupied by a Staples store, has been sold for $7.15 million to Sarnia Seacoast LLC by Forecast Nashua Partnership. Sam Kenny of NAI Norwood Group represented Sarnia and Josh Kanter of Marcus & Millchap Forecast Nashua. Staples has a five-year lease at the location, Kenny said.
The North Country Council will be holding a comprehensive training session for community planning officials to learn the necessary basics to run effective and efficient meetings that are in compliance with state law.
the session will be held from 9 to 11:30 a.m., at Fuller Town Hall in Stratford.
To register contact Danica Melone at firstname.lastname@example.org with the subject line “Planning Board Training.”