Real Estate and Construction News Rundown

Franco American Centre sold, Rist-Frost Shumway picked for Saranac Hotel project … and more

The Franco American Centre of New Hampshire in Manchester has sold its iconic building at 52 Concord St. in Manchester – the longtime home of ACA Assurance Co. and the center – to the Gospel Baptist Church of Manchester. Sale price was $865,000. The property had once been home to a Baptist church in the 1920s.

Jim DeStefano and Laura Nesmith of Colliers International’s Manchester office represented the Franco American Centre in the transaction. Shawn Jackson of Countryside Realty represented the buyer.


Laconia-based Rist-Frost Shumway has been selected as the mechanical, electrical and plumbing contractor for Roedel Companies’ multimillion-dollar renovation of the historic Hotel Saranac in Saranac Lake, N.Y.

ROK Builders, the hotel construction affiliate of Wilton-based Roedel, is overseeing the renovations and Freeman French Freeman Inc. is lead architect. The organizations will work in tandem with historical consultant Kimberly Alvarez of Landmark Consulting in Albany, N.Y., to bring the property up to modern standards while preserving the layout and character of the building.

Also part of the team is RSJ Associates of Wilton.


More news from ROK Builders: The company has named Tad Schrantz as its new chief operations officer. Schrantz, of Keene, has over 20 years of experience in construction, architecture and real estate development, most recently serving as vice president at Millhouse 1889. Before that, he was president of the Keene-based The MacMillan Company,


Joshua C. Matthews of Nashua has been hired as controller of Jewett Construction Inc., Raymond.


The Jordan Institute, Concord, has announced the addition of Joanne Cassulo of the Central New Hampshire Regional Planning Commission and Christopher Moore of the state Department of Environmental Services.

The Jordan Institute advocates for effective and innovative public-policy and market-based solutions to reduce the energy needed in commercial buildings.


Concord-based Nobis Engineering Inc. has been named the 2014 8(a) Graduate of the Year for Massachusetts and the New England region, according to an announcement made today by Massachusetts SBA District Director Robert Nelson.

The award is presented annually to a business that has graduated from the SBA’s 8(a) business development program for government contracting and has a proven track record of business success. Nobis was judged on four criteria: uniqueness of the firm and originality of entrepreneurship; response to adversity; participation in community projects; and demonstrated commitment to a social mission in hiring policy.


The New Hampshire Community Development Finance Authority has approved Community Development Block Grant awards to 13 municipalities and counties totaling a record $5.27 million.

The funds will go toward projects developing affordable housing, public works, and upgrading failing infrastructure that benefit low- and moderate-income residents in the Granite State.

Approved projects are:

 • $155,000 to expand the National Alliance on Mental Illness office in Concord

 • $500,000 to replace the drinking water system at the Centennial Estates Cooperative in Derry

 • $270,000 for the rehab of Meadow Road apartments in Keene

 • $500,000 to benefit Woodcrest Housing, aka Wedgewood Duplexes, Winchester

 • $185,590 to make infrastructure improvements to Claremont’s Earl Bourdon Senior Center

 • $250,000 to assist the Laconia Area Community Land Trust’s construction of the River’s Edge project in Laconia

 • $250,000 to acquire Laconia’s St. James Church for the Boys & Girls Club of the Lakes Region

 • $500,000 to renovate the Laconia Housing Authority’s Strafford House

 • $418,000 to improve deficient water infrastructure at the Old Lake Shore Cooperative, Gilford

 • $250,000 the Northern View Apartments, Stewartstown

 • $500,000 for improvements to the town of Errol’s water system

 • $500,000 to go toward repurposing Berlin’s abandoned Bartlett School

 • $500,000 to support Berlin’s Neighborhood Revitalization program

 • $500,000 for Phase II of the town of Pittsburg’s water system upgrade.


Some 27 new Realtors were inducted at a recent Greater Manchester/Nashua Board of Realtors ceremony. They were: Pierre Blanc of Keller Williams Metropolitan; Paul Butler of CB Residential Brokerage; Richard Carvalho of Keller Williams Metropolitan; Sarah Elechko of Keller Williams Metropolitan; Debra Federico of Sousa Realty & Development Co.; Victoria Galasti of Re/Max Synergy; Craig Jacobson of Better Homes & Gardents-The Masiello Group; Lisa Jean of Allison James Estates & Homes; Nathan Johnston of Brin Realty Group LLC; Richard Joyal of Richard J. Joyal; Kim Kantor of Keller Williams Metropolitan; Simone Kilgore of CB Residential Brokerage; Alexander Linke of East Coast Communities Realty; Jeffrey Mathews of Re/Max Synergy; Debra McKenna-Weeks of DesRochers Real Estate Professionals; and Bill Moseley of Century 21 Cardinal.

Also: Thomas Nardozzi of Keller Williams Metropolitan; Aaron Phinney of Keller Williams Metropolitan; Susan Pinard-Punsky of Atomic Real Estate LLC; Francis Queen of Keller Williams Realty; Caron Renik of Keller Williams Metropolitan; Adam Rossi of Regarding Real Estate LLC; Linda Ruggiero of CB Residential Brokerage; Kris Stone of Keller Williams Metropolitan; Kyle Thornton of CB Classic Realty; Barbara Valente of Keller Williams Metropolitan; and Colleen Whitney of Brin Realty Group.

Categories: Real Estate & Construction