Commercial News

Cinamon Building: It’s Not About the Spice!

Cinamon Building Portland Maine

Congratulations to our clients Jim & Rebecca Henry, represented by Josh Soley of Maine Realty Advisors, on their recent purchase of the Cinamon Building at 1 Pleasant Street in downtown Portland, Maine. The historic structure built in 1900 is named not for the aromatic spice, but instead for the longtime owners—the Cinamon family—with a slight….

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Accelerate Depreciation for Your Commercial Real Estate

Accelerated depreciation via a cost segregation study may be used for many properties

What property types benefit most from accelerated depreciation with a Cost Segregation Study?   Many of the costs embedded in a new or existing building can be segregated into categories that also allow for more rapid — or accelerated — depreciation. Many items inside the building – furnishings, fixtures, flooring and the like – can….

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Lewiston Gateway: Congratulations to MH Properties

Lewiston Gateway

Congratulations to our client Matt Hancock of MH Properties LLC, based in Maine, on his recent purchase of three adjacent properties in Lewiston, Maine: 475 Lisbon Street 491 Lisbon Street 500 Canal Street Criterium Engineers was hired to perform Commercial Building Inspections, conducted by Jack Carr, P.E., on all three buildings, known as the Lewiston….

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Congrats to Our Client Connecticut River Capital

Connecticut River Capital recently purchased 465 Congress St Portland

Congratulations to our clients at Connecticut River Capital for their recent purchase of 465 Congress Street and their plans to get Portland’s first skyscraper ‘back to where it should be,’ as mentioned in the Portland Press Herald. Criterium Engineers was engaged to perform a Property Condition Assessment, which was conducted by Campbell Grant, P.E., prior….

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Hurricane Season is Here—Are You Ready?

Hurricane season preparation info from FEMA

The engineers at Criterium encourage residents, homeowners, condo/apartment owners, and commercial property owners to prepare for the hurricane season which begins each year on the first of June. This year’s seasonal forecast was recently announced by NOAA’s Climate Prediction. They predict a near-normal Atlantic hurricane season this year with a range of 9 to 15….

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Paving Isn’t Sexy: But Proper Maintenance is Essential

Cracked Parking Lot

Engineering Advisor | Volume 26, Number 1 When was the last time you thought about your parking lot? The honest answer, probably, is not in recent memory.  It’s not a question of ‘out of sight –out of mind.’ Parking lots and other paved areas are highly visible, but they aren’t all that interesting.  There is nothing….

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