A 24,150 square foot retail facility at 1041 Brighton Avenue in Portland, Maine, was recently purchased by All-American Family LLC. We congratulate the buyers as well as Charles Day of Porta & Co., who represented the seller, on the closing. Criterium Engineers performed a Property Condition Assessment on the facility which includes a convenience store,….
News
Congratulations to Our Client: Hussey Seating Company
Congratulations to our client at Hussey Seating, global producer of spectator and audience seating, on their purchase of 90 Community Drive. Hussey purchased the 45,000 square foot building which is situated on 24.9 acres in Sanford, Maine, to expand their operations. Criterium Engineers was engaged to perform a pre-purchase Property Condition Assessment as well as a….
A Pre-Lease Property Condition Report Pays For Itself!
Criterium Engineers provides the straightforward evaluation required for an extensive Pre-Lease Property Condition Report (also referred to as a property condition assessment) for clients looking to lease buildings of all sizes. They are especially useful for Triple-Net Lease negotiations. Be Informed! Investing in due diligence and being an informed lessee provides greater confidence in the….
Foundation Forensics
Cracks in foundations are by far the most common structural complaint raised in either reserve fund studies or transition studies. They can occur in the youngest or newest condo building. As condo documents usually assign the maintenance responsibility of their repair to the association, board members and property managers take them very seriously. Maine condo….
Cinamon Building: It’s Not About the Spice!
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….
Michael Pritchard Joins Criterium Engineers Team
Michael Pritchard recently joined the Criterium Engineers team. Michael graduated from the University of Maine in Orono in May with a degree in Construction Engineering Technology where he had internships in project management and construction, in areas similar to some of our market areas. He is from Scarborough, Maine, and based at the Criterium Engineers….
Accelerate Depreciation for Your Commercial Real Estate
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 be….
Solar Panels — Right For Your HOA?
Solar panels may be an option for your community. Legislative incentives are available in states around the country. There is a growing consensus that climate change is real and its consequences will have significant impact on our quality of life and regional economic future. While the cause of climate change may be debated, its potential….
Burning Questions & Fire Safety Checklist
⇒Go to checklist The words ‘safety or security’ mean different things to members of a condominium or HOA community. While the board or property manager may be focusing on the common element safety dangers such as the pool or the walkways/ paved surfaces, unit owners’ biggest concern is unit security and household accidents. In reality,….
Lewiston Gateway: Congratulations to MH Properties
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….