Maine Commercial Real Estate: November 2020 Transactions

SALES

MaineHealth purchased a 34,587-square-foot office building at 340 County Rd., Westbrook. Justin Lamontagne, CCIM, SIOR, NAI The Dunham Group; Jon Rizzo, The Boulos Company. 

Delta Realty LLC purchased a 9,400-square-foot industrial/retail space at 1901 Forest Ave., Portland. Tom Moulton, CCIM, SIOR and Katie Allen, Esq., NAI The Dunham Group. 

HJPK Ventures LLC purchased a 1,488-square-foot office building at 740 Stroudwater St., Westbrook. Mark Malone CCIM, Malone Commercial Brokers; Kirk Butterfield, Keller Williams Realty.

Midcoast Humane LLC purchased a ±24,017-square-foot industrial building at 5 Industrial Parkway, Brunswick. Tim Millett, Porta & Co.; Mandy Reynolds and Dan Catlin, Keller Williams Realty.

9 Willey Road, LLC purchased a 14,625-square-foot industrial building at 9 Willey Road, Saco.  Tim Millett and Joseph Porta, Porta & Co.

SPC Acquisition Company, LLC purchased a 3.10-acre parcel with two buildings; a 3,290-square-foot commercial building on 2 Shape Drive and

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Eastern area real estate transactions for the week of Nov. 29

28 minutes ago

Churchill

Matthew Sass sold property at 2407 Collins Road to Laura Fusco for $166,000.

Edgewood

Brendan Kelley sold property at 318 Locust St. to Matthew Suffoletto and Kathleen McGinnis for $647,500.

Forest Hills

Glasgow Assoc. sold property at 257-259 Avenue B to Joshua Vincent Loccisano for $130,000.

Glasgow Assoc. sold property at 236-238 Avenue L to Joshua Vincent Loccisano for $145,000.

Nancy Meyer Fitzgerald trustee sold property at 97-99 Center St. to Daniel Haber and Thaddaeus Jolliffe Satre for $168,000.

G. H Kris Ring sold property at 218 Elmore Road to Candice Schumann for $205,000.

Matthew Wollenschlaeger sold property at 463 Filmore Road to Edward Nicholson for $133,555.

Irwin

Kenneth Lindsay sold property at 619 Spruce St. to Scott Herchelroath and Cassandra Guthrie for $145,000.

Monroeville

John Sanner

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Scott, Upper St. Clair area real estate transactions for the week of Nov. 29

Bridgeville

Michael Mulholland sold property at 722 Chess St. to Selder & Son LLC for $215,500.

Jeffrey Druzak sold property at 622 Elizabeth St. to David and Jessica Morrison for $209,000.

Priminvest Corp. Inc. sold property at 182 Liberty St. to Segavepo LLC for $175,000.

Justin McKean sold property at 69 Universal St. to Catherine Kalas for $139,900.

Carnegie

Justin Leithauser sold property at 315 Fifth Ave. to Gregory Sciulli and Marlee Gallagher for $225,000.

Roberto Capriotti sold property at 419 Seventh Ave. to Lori Carelle for $149,900.

Jason Dusch sold property at 613 Doolittle Ave. to Maureen Elizabeth Gabert for $155,000.

Thinagar Sitther sold property at 26 Parkview Drive to Samuel Kudumula and Hima Bindu Nallepogu for $260,000.

Collier

VJL Corp. sold property at 1 Camp Hill Road to James

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South Hills real estate transactions for the week of Nov. 29

Baldwin Borough

Bishal Chudal sold property at 1641 Beryl Drive to Durga and Kharga Gurung for $170,000.

John Schmotzer sold property at 5566 Brownsville Road to 134 Suthoff LLC for $168,000.

Edna Kiley sold property at 1612 Carmella Drive to KEQ Holdings LLC for $59,900.

Daniel McArdle sold property at 5050 E Willock Road to Theodore and Dianne Lorraine Carter for $370,000.

Daniel Burgman sold property at 4929 Gardenville Road to Nicole Carretta for $162,000.

Paul John Kaslewicz sold property at 1135 Marlane Drive to William and Julie Skonsky for $245,000.

Matthew Paul sold property at 100 Pamela Drive to Ryan Rai for $315,000.

Estate of William Stokes sold property at 11 Sunny Drive to William and Judith Tomlinson for $150,000.

Paul Contos Jr. sold property at 1610 Towervue Drive to

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Dubai: Record transactions for ready houses signal strong real-estate recovery

The demand for ready-to-move-in villas and townhouses in Dubai surged to an all-time high in October. A total of 665 secondary or ready-to-move-in villas/townhouses were transferred during the month, 7.2 percent higher than in September 2020 and more than 500 percent higher than in May 2020, according to data from the Dubai Land Department (DLD).

In October 2020, the DLD recorded a total of 3,395 sales transactions worth AED 6.93 billion ($1.89 billion), with 37.2 percent in the off-plan segment and 62.8 percent in the secondary segment. This brings the year-to-date total to 27,815 sales transactions worth AED 57.43 billion, according to Mo’asher, Dubai’s official sales price index developed by DLD and Property Finder.

Latifa Ibrahim Ahmed, Director of the Real Estate Studies & Research Department at DLD, said, “Among the most important data that can be obtained this month is the emergence of strong signs of recovery in the

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Eastern area real estate transactions for the week of Nov. 15

Chalfant

John Byron sold property at 250 Elizabeth Ave. to Megan Barker for $181,000.

Irwin

Jesse Neal sold property at 409 Sixth St. to Allison Karissa Glazar for $122,500.

Manor

William Hearn sold property at 1235 First St. to Westmoreland Co. Land Bank for $1,840.

Katie Oliver sold property at 22 Butler St. to Michael and Amber Scharer for $96,000.

Larry Haubrich sold property at 39 Harding St. to Westmoreland Co. Land Bank for $1,544.

Monroeville

Qing Sui Lin sold property at 114 Bradberry Drive to David and Lauren Schaeffer for $259,900.

Estate of George Janiszewski sold property at 1149 Colgate Drive to Dale and Shelly Kulp for $179,900.

Estate of Burl Louise Cole sold property at 646 Garden City Drive to John Lynch Jr. and Jennifer Lynch for $160,000.

Paul

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Carnegie, Upper St. Clair real estate transactions for the week of Nov. 15

Bridgeville

Kimberly Aul trustee sold property at 953 Edna St. to Eric and Chelsey Cook for $138,000.

Carnegie

Donald Kaercher sold property at 215 Second Ave. to New Horizon Financial LLC for $65,000.

William Streiff sold property at 409 Cubbage St. to Gina Leigh Thornberg for $152,500.

Estate of Earl Turney sold property at 630 Dow Ave. to Divina Development LLC for $45,000.

Collier

Kelly Horak sold property at 908 Shadypark Ct to John Stansbury for $410,000.

Estate of Forrest Dean Gilbert sold property at 3 Willina Drive to Thomas Dobos for $82,000.

Crafton

Paul Davis sold property at 55 Maplewood Ave. to Dmitrii Milideev for $279,000.

Robinson

Bryon Calvert sold property at 223 Grace Manor Drive to Joseph Gartner for $228,000.

Larry Schneider sold property at 1465 Old Steubenville Pike

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Real estate transactions: Maritime shipping company inks Westchase office lease

Yang Ming Marine Transport Corp. leased 34,510 square feet at 3250 Briarpark Drive in Westchase for relocation of its regional office. Don Foster of JLL represented the tenant. Kristen Baker and David Baker of Transwestern represented the landlord.

TAXA Outdoors signed a 69,356-square-foot lease to occupy the entire building at 7930 Blankenship Drive in northwest Houston. Nick Peterson and John Ferruzzo of Transwestern Real Estate Services represented the landlord, Prologis. Geoff Perrott and Jeff Venghaus of JLL represented the tenant.

Banorte Securities International relocated its U.S. headquarters from New York to a 10,000-square-foot office at Galleria Financial Center. Win Haggard, Brad Beasley and Cameron Colvill of Cushman & Wakefield represented the landlord, an affiliate of Azrieli Group and Unilev Management.

Alfa TX Investment Group purchased the 262-unit Willow Ridge apartments at 12800 Dunlap St. in southwest Houston from Sentinel Capital. Joey Rippel, Chris Young and Kyle Whitney of JLL Capital

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Real Estate Transactions Go Virtual

To streamline work flow, Freedom Mortgage uses a digital verification service called AccountChek to review the borrower’s income and employment information. Other mortgage-specific software includes Encompass by Ellie Mae, which Mr. Bensimon uses to originate loan packages, and SnapDocs, a platform that can be combined with Encompass to facilitate interactions and digital closings.

New systems designed to simplify the lending process for borrowers include Better and Morty, a mortgage broker that acts as a middle man between the home buyer and the lender, securing a package and then walking the borrower through the closing process.

Jeanne Casey, a principal at MetaProp, a venture capital firm focused on real estate technology, noted how QuickenLoans, one of the largest online lenders in the country, has helped catalyze these younger companies. “Having those digital roots is paving the way for the digitization of the overall mortgage industry,” she said. “We’ve seen so much

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Hampton area real estate transactions for the week of Nov. 8

About an hour ago

Hampton

Rosemary Kanith sold property at 4807 Andrews Drive to TAF Capital LLC for $121,500.

Katherine Simon sold property at 3171 Cheltenham Court to Ryan Kocak for $150,000.

James Sullivan trustee sold property at 3293 Long Meadow Drive to William and Nancy Newbrander for $607,500.

Estate of Alfred Hamel sold property at 4186 Maple Lane to Kathleen Nandan for $290,000.

Bradley Ryan sold property at 4680 Middle Road to William and Sarah Brown for $630,000.

Eric Nachreiner sold property at 4791 Middle Road to Harry and Joselyne Rosenberg for $563,000.

Lawrence Newman sold property at 5024 S Pioneer Road to George and Anita Maier for $32,000.

Mark Valentic sold property at 3272 Wagner Road to Nicholas and Jenna Francic for $477,500.

McCandless

Marcia Lange sold property at

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