The Criterium Engineers Construction Engineering Services team is on the road again! We’ll be at the upcoming Multifamily Executive conference in exhibit booth #415 from October 2-4 at the Bellagio Hotel in Las Vegas. This event is for multifamily industry (apartments/condos) property executives, developers, architects, builders, and other real estate executives. The conference touts a….
Perhaps you are on the Building Committee which has been charged by your Homeowners Association Board to recommend a replacement siding material for your 35 year old condo. Perhaps you are a property manager whose in-basket is filled with unit owner complaints about vinyl clapboard siding problems in the new condo complex. Whatever the vinyl….
As one of our valued homeowner association clients here in Maine, we want to let you know that the annual Maine Condo Expo and Forum is taking place on Saturday, September 21 from 8:00 – 2:30 pm. The New England Chapter of the Community Associations Institute is presenting the event, one of several state-based events….
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,….
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….
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….
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….
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 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….
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….