GMRI Preserves Historic Working Waterfront Wharf The Gulf of Maine Research Institute (GMRI) recently purchased the Union Wharf property (pictured) in Portland’s Old Port district to protect and preserve working waterfront access. As part of that sale, Criterium Engineers performed enhanced commercial building inspections for a series of more than 50,000 square feet of warehouses,….
Criterium Engineers was founded in the days when building plans were meticulously designed and drawn by hand. The dedicated engineer’s talisman—the plastic drafting triangle—could once be found on almost every drawing table in our offices. And while a clear plastic triangle might easily be lost on piles of white paper, bright orange drafting triangles always….
Congratulations to Arthur ‘Art’ Wickerham, P.E., of Criterium-Liszkay Engineers, who was recently presented with the 2020 H. Alan Mooney Award for Distinguished Service. Art was nominated by Don Liszkay, longtime & recently retired principal of that affiliate office. Watch the award presentation video here. This award represents the very best of our organization, both in….
National Donut Day takes place next week and makes this a perfect time to highlight one of our favorite clients, The Holy Donut. This local company makes two million donuts a year with all-natural ingredients, including their not-so-secret ingredient: fresh Maine potatoes. They’ve been featured in national media such as The New York Times, Bon….
Great Tax Saving Tools with Similar Goals Real estate investors have known for years that 1031 property exchanges can save taxes. A cost segregation study is something else investors should consider at the same time—as both may save taxes and improve cash flow. Here’s how a cost segregation study may benefit your next transaction. Whereas….
Cannabis – One of the Fastest-Growing Industries This month we highlight our clients in the cannabis industry, one of the fastest growing industries across the country. At these high-tech facilities, our engineers perform due diligence commercial building inspections for prospective real estate buyers. This may include evaluation of the very specialized requirements for HVAC, plumbing….
Criterium Engineers’ commercial building pre-purchase inspections guide our clients through the due diligence process. The inspections and the resulting reports, performed by licensed, Professional Engineers, inform the prospective buyer regarding important aspects of the property and may also assist in negotiating a purchase price, depending on what is found. All of Criterium’s reports conform to….
Greg Hogan, a licensed, Professional Engineer, recently joined Criterium Engineers’ corporate headquarters team in Freeport, Maine. Hogan leads the company’s national operations division as Director of Operations. Hogan is a licensed, professional civil engineer and project manager with over 30 years’ experience in site development, building design/construction, and facility management. Most recently he was employed….
[This article on Cost Segregation is excerpted from NAI The Dunham Group publication 10th Annual Greater Portland 2021 Industrial Market Survey, found on page 9.] For any building buyer or owner, cash flow is a critical measure of the financial viability and success of a property. A building’s cash flow can help pay down debt,….
When building owners and property managers plan the financial future of their facilities, the quantitative tool most often chosen is the Capital Needs Assessment (CNA). A CNA creates a capital forecast of needed reserves to fund depreciating asset replacement and prioritize discovered deficiencies while providing a comprehensive document to justify lending requests. CNAs are often….