Vol.42, No.25
www.thewarrengroup.com
W E E K O F M O N D A Y, J U N E 2 2 , 2 0 2 0
THE REGISTRY REVIEW NEW HAMPSHIRE’S STATEWIDE REAL ESTATE & FINANCIAL NEWSPAPER A Publication of The Warren Group
WEEKLY SALES OF NOTE
BACK TO WORK
Landlords Prepare for Return to the Office
Nashua
77 SPITBROOK RD . . . . . . . . . . . . . . . . . . . . . . . . . . . $5,500,000 B: Hare Krishna Nashua S Hotl LLC S: G6 Hospitality Property 2 PROGRESS AVE. . . . . . . . . . . . . . . . . . . . . . . . . . . . $4,200,000 B: Hare Krishna Nashua N Hotl LLC S: G6 Hospitality Property
Non-Essential Workers Returning Gradually BY BRAM BERKOWITZ
Swanzey
SPECIAL TO THE REGISTRY REVIEW
W
439 W SWANZEY RD. . . . . . . . . . . . . . . . . . . . . . . . . . $2,500,000 B: Frank N Myers LLC S: Thomas Swanzey RE LLC Mtg: NBT Bank NA $1,875,000 Use: Commercial Building, Lot: 291852sf
ith Gov. Chris Sununu’s stay-at-home order now lifted, many businesses in the Granite State are returning to the office, a move that landlords have been preparing for in order to make businesses and employees feel safe amid the coronavirus pandemic. While the order technically allows all businesses to return to the office, commercial real estate brokers and property managers say many businesses will likely return only gradually. James Horne, president of Exeter-based CP Management, said smaller businesses are coming back into the office for the most part, while most of his larger corporate tenants plan to put off the return until the fall, or possibly even 2021. Chris Norwood, president of NAI Norwood Group, estimates that about 50 percent of the non-essential work group is planning to return to the office more immediately. “There will be a wave of folks that come back quite quickly. There’s probably another 50 percent that will be trickling in and may not go back [to the office] until school reopens,” said Norwood, who leads one of the largest commercial real estate brokerage firms in New Hampshire. “For those families who don’t have the ability to have any form of daycare, camp or school, it’s going to be difficult. Those are the parents that are going to continue to take advantage of the opportunity to work from home, and that’s why I see the start of the school year being the triggering effect.”
Peterboro
SUMMER ST . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,000,000 B: Peterborough Heritage Apts LLC S: RNW-JLJ Holdings LP
Rye
1310 OCEAN BLVD . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,850,000 B: Barbara Letvinchuk & Peter Letvinchuk S: Jacqueline M Comeau
Wolfeboro
1 DIAMOND COVE WAY. . . . . . . . . . . . . . . . . . . . . . . . $1,750,000 B: Stephen C Farrell S: Joy K Pheeney-Messineo Tr, Tr for JKMP T Use: 3 Bdrm Ranch, Lot: 57499sf
Amherst
11 CHESTNUT HILL RD. . . . . . . . . . . . . . . . . . . . . . . . $1,675,000 B: Shawn L Hunsaker & Darah Hunsaker S: Peter B Stepanek & Lissa L Stepanek
Campton
11 VINTINNER RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,427,733 B: Meena LLC S: Jamm Realty Inc
Manchester
205 PINE ST . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,400,000 B: 205-213 Pine Street LLC S: 205 Pine St LLC
Merrimack
JEBB RD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,250,000 B: Lorie F Ruland Tr, Tr for Lorie F Ruland RET S: David N Paul Tr, Tr for Paul FT
Concord
207 OAK HILL RD . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,125,000 B: Brian Perry & Jennifer Perry S: Kendra S Odonnell & Patrick Odonnell Mtg: Cambridge Tr Co $900,000 Use: 1-Family, Lot: 2317392sf
A company’s ability to spread out may become key to its desire to return to its offices, the state’s biggest property manager say.
More Cleaning, Social Distancing Since the first case hit New Hampshire in early March, the coronavirus has infected roughly 5,300 people in New Hampshire and killed 318 people, according to the state. Although cases have come down as a result of the state’s stay-at-home order implemented in March, and lots of people that contracted the virus have since recovered, there is still no vaccine, meaning there will still be risk when people go into the office. Norwood said density will play a big role in determining whether businesses return.
For instance, in a traditional law firm office where everyone has their own individual office and 300 square feet of space per person, more people may feel comfortable returning because there is enough space to continue to practice social distancing measures. However, if a company works in an office with cubicles and only 180 to 200 square feet of space per person, that company may be slower to return because it’s harder to practice social distancing. Regardless, landlords and building manag-
NEW HAMPSHIRE MARKET STATISTICS
Dover
625 CENTRAL AVE . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,065,000 B: Atlas Memorial Inc S: Grover L Tasker Sr Tr, Tr for Susan R Tasker RET 619-621 CENTRAL AVE. . . . . . . . . . . . . . . . . . . . . . . . $1,065,000 B: Atlas Memorial Inc S: Grover L Tasker Sr Tr, Tr for Susan R Tasker RET Use: Funeral Home, Lot: 30056sf
5,000 5000 Both
INDEX 4000
Refinance
4,000 4000
3000
Purchase
2000
REAL ESTATE RECORDS 1000 PG COUNTY
0
3,000 3000
TRANSACTIONS THRU
Jan. Feb. MarchApril May June July Aug. Sept. Oct. Nov. Dec. Jan.
3 Belknap �������������������������� 06/09/20 4 Carroll ���������������������������� 06/09/20 4 Cheshire ������������������������ 06/09/20 4 Coos �������������������������������� 06/09/20 5 Grafton ���������������������������� 06/09/20 5 Hillsborough ������������������ 06/09/20 8 Merrimack ���������������������� 06/09/20 8 Rockingham ������������������ 06/09/20 9 Strafford ������������������������ 06/09/20 10 Sullivan �������������������������� 06/09/20 10 Bankruptcies 10 Lien & Attachments 10 Foreclosure, Mortgagee & Other Lien Auctions 10 Requests for Bids & Proposals
2,000 2000 1,000 1000
00
Apr. May May June June July July Aug. Aug. Sept. Sept. Oct. Oct. Nov. Nov. Dec. Dec. Jan. Jan. Feb. Feb. Mar. Mar. Apr. Apr. Apr. ’19
’20
5000 5,000
6000
BothMonth
Both
5000
3000
Refinance
Purchase
2000 1000
0
Jan. 15
Jan. 16
Jan. 17
Jan. 19
2000 2,000 1000 1,000
00
Refinance
Both
Apr. 2016
815
1,818
2,633
Apr. 2017
980
1,595
2,575
Apr. 2018
1,014
1,609
2,623
Apr. 2019
989
1,696
2,685
Apr. 2020
802
3,790
4,592
Purchase
3000 3,000
Jan. 18
Purchase
Refinance
4000 4,000
4000
Apr. 16 Apr.
Apr. Apr.17
Apr. Apr.18
Apr. Apr.19
Apr. Apr.20
’16
’17
’18
’19
’20
TO OUR CUSTOMERS
T
Number of Mortgages for Single-Family Homes
5000
Continued on Page 12
❑ Statistics based on single-family home sales ❑ Source: The Warren Group
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he Warren Group is making every reasonable effort to collect real estate data during these unprecedented times. As more registries restrict acBoth cess and courts close down, we anticipate further collection issues and as Refinance a result you will see fewer sales, notices and liens in The Registry Review. Purchase We will publish this information as it is available. We apologize for any inconvenience this crisis may cause, and we thank you for your understanding and continued support of our newspapers. Please call or email customer service at 617-896-5388 or customerservice@thewarrengroup.com if you have any questions. All collection issues are also available on our website, www.thewarrengroup.com/data-collection-issues. Sincerely, Cassidy Norton, Associate Publisher The Warren Group