Vol.42, No.29
www.thewarrengroup.com
W E E K O F M O N D A Y, J U LY 2 0 , 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
THE NEXT CHALLENGE
Nashua 168 DANIEL WEBSTER HWY. . . . . . . . . . . . . . . . . . . . $7,742,000 B: Galen Street Corp S: White Duck Realty LLC Mtg: Rockland Tr Co $4,500,000 Use: Retail-department Store, Lot: 279220sf
Hooksett W RIVER RD L:51 . . . . . . . . . . . . . . . . . . . . . . . . . . . . $7,200,000 B: Silver City NH LLC S: Ritchie Bros Prop Inc
Sunapee
Seacoast Restaurants Struggle with Hiring as Tourists Return Visa Cuts Hurt as Businesses Reopen BY MICHAEL CASEY ASSOCIATED PRESS
68 BURKEHAVEN LN. . . . . . . . . . . . . . . . . . . . . . . . . . $4,270,000 B: Compass Point LLC S: Linda G Fitts Tr, Tr for Bentley RT
Kensington SOUTH RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,625,000 B: Hog Hill Preserve LLC S: Hoggs Hill Ltd
Portsmouth 200 WEST RD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,900,000 B: Cirrus Systems Inc S: 200 West Road LLC Mtg: Gorham Savings Bank $1,193,000 Use: Manufacturing Building, Lot: 100188sf
Merrimack 9 EXECUTIVE PARK DR. . . . . . . . . . . . . . . . . . . . . . . . $2,400,000 B: 9 Executive Merrimack LLC S: Cameron Real Estate Inc Mtg: Bank of America NA $1,920,000 Use: Commercial Building, Lot: 66211sf
Portsmouth 5 CURRIERS CV. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,400,000 B: Scott G Migliori & Jill L Migliori S: Lawrence N Gray & Ruth S Gray Mtg: HarborOne Mortgage $1,920,000 Use: 4 Bdrm Cape Cod, Lot: 47916sf
Holderness 69 KESUMPE POINT RD . . . . . . . . . . . . . . . . . . . . . . . $2,250,000 B: Abigail B Taylor Tr, Tr for Jeffrey J Curley RET S: Robert Ritz Jr Tr, Tr for RFT NT Use: 4 Bdrm Contemporary, Lot: 18295sf
Nashua 190 BROAD ST . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,240,000 B: Granite State CU S: Gusabel 190 Broad LLC
Gilford OLD LAKE SHORE RD. . . . . . . . . . . . . . . . . . . . . . . . . $2,200,000 B: Christopher Nolan S: Rex M Quartulli & Theresa M Quartulli
Meredith 95 SPINDLE POINT RD . . . . . . . . . . . . . . . . . . . . . . . . $1,850,000 B: Milan Shetti & Susan Shetti S: Stephen A Conway & Diane Conway Mtg: Citizens Bank of RI $925,000 Use: 3 Bdrm Contemporary, Lot: 22651sf
A
t this time of the year, The Friendly Fisherman on Cape Cod is usually bustling with foreign students clearing tables and helping prepare orders of clam strips or fish and chips. But because of a freeze on visas, Janet Demetri won’t be employing the 20 or so workers this summer. So as the crowds rush back, Demetri and her nine remaining employees must shutter the business twice a week. “It’s really disturbing because we are really busy,” said Demetri. “We can’t keep up once the doors are open.” The Trump administration announced last month that it was extending a ban on green cards and adding many temporary visas to the freeze, including J-1 cultural exchange visas and H-2B visas. Businesses from forestry to fisheries to hospitality depend on these visas, though there are exceptions for the food processing sector. The move was billed as a chance to free up 525,000 jobs to Americans hard hit by the economic downturn, though the administration provided no evidence to support that. Supporters of immigration restrictions have hailed the move and insisted it should be easy to find Americans to bus tables and sell souvenirs at popular tourist destinations. “The work that people on H-2B visas do or on J-1 summer work travel is not something
Hardest hit by the ban are beach communities and mountain getaways up and down the East Coast from New Hampshire’s Seacoast region on down. Businesses said they want to hire Americans but are in regions with tiny labor pools that are no match for the millions of tourists visiting each summer. Companies also face the
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TO OUR CUSTOMERS
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REAL ESTATE RECORDS
3 Belknap �������������������������� 07/03/20 4 Carroll ���������������������������� 07/03/20 5 Cheshire ������������������������ 07/03/20 5 Coos �������������������������������� 07/03/20 6 Grafton ���������������������������� 07/03/20 7 Hillsborough ������������������ 07/03/20 10 Merrimack ���������������������� 07/03/20 11 Rockingham ������������������ 07/03/20 14 Strafford ������������������������ 07/03/20 15 Sullivan �������������������������� 07/03/20 15 Bankruptcies 15 Lien & Attachments 15 Foreclosure, Mortgagee & Other Lien Auctions 15 Requests for Bids & Proposals
Small Labor Pools
Single-Family Sales By Month 2,000 2000
TRANSACTIONS THRU
that is alien to Americans,” said Mark Krikorian, executive director of the Center for Immigration Studies, which advocates for restrictions. “Those jobs are already mostly done by Americans whether its landscaping, making beds or scooping ice cream. The employers are just going to have to up their game in recruitment because there are 20 million people who are unemployed whom they could be drawing from.”
New Hampshire Market Statistics
INDEX PG COUNTY
With restrictions on H-2B and J-1 visas cutting the largest traditional source of labor for tourist hotspots, seaside businesses face a new challenge as the last one – coronavirus-driven travel restrictions – starts to fade.
Number of Sales
Change Prior Year
1,058 1,602 1,646 1,577 1,525 960
-9.18% 51.42% 2.75% -4.19% -3.3% -37.05%
q Statistics based on single-family home sales of $1,000 q Source: The Warren Group
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T
he Warren Group is making every reasonable effort to collect real estate data during these unprecedented times. As more registries restrict access and courts close down, we anticipate further collection issues and as a result you will see fewer sales, notices and liens in The Registry Review. 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