New IRS 1099 Requirements for Landlords

Starting in 2011, there is a new tax requirement for landlords.  All landlords who receive $600 or more in rent for the year must send a 1099 to all service providers that the landlord paid $600 or more during the year, such as plumbers, carpenters, yard services or repair people.

Portsmouth Restaurant Seeks OK To Expand Patio To City Owned Land

Nice idea, Cliffe!  The owner of Pesce Blue in downtown Portsmouth, trying to gain support and authorization to expand the outside patio service… Great idea!  Other cities offer this arrangement, and it’s a perfect fit for Portsmouth!

as seen in Seacoast Online

www.seacoastonline.com 

By Charles McMahon

December 05, 2010 2:00 AM

PORTSMOUTH — The city is floating an idea to allow liquor service on public sidewalks after requests from at least one restaurant looking to expand service in the downtown.

The topic came up at the recent City Council retreat and is fueled by a request from Cliff Arrand, owner of Pesce Blue on Congress Street. The Italian kitchen and bar has featured an outdoor patio near Vaughan Mall the past seven years. Arrand said the current patio is on the restaurant's property and allows patrons to dine outside during summer days and drink alcohol, if they choose. "It really adds to downtown Portsmouth and the look and the feel of the city," he said.

Survey: Business Confidence Up For 2011

Very interesting report just released on how BUSINESS OWNERS feel about prospects in the coming year... this cuts through the political posturing to get to the source... business owners.. Please email me at bf@beangroup.com and I'll send you a full copy of the report.  ~bf

Survey: Business confidence up for 2011

Business owners cautious but optimistic for 2011; employment will likely remain flat.

CONCORD, N.H. – Dec. 1, 2010 – Data from the recently completed RKM/BIA 2011 Business Outlook Survey shows that business owners are cautious but optimistic about the economy going into 2011; however, they expect current employment levels to remain the same.

Raising Business Capital In Today's Market

Business NH Magazine has published several very timely and informative articles of value to small commercial property and business owners.  I recommend you subscribe to ensure you get these great articles.  In the meantime I will continue to repost the most interesting for the benefit of my clients and readers. Knowledge is power... keep building your power base by feeding yourself with knowledge! ~bf Raising Capital Not Red Flags

by JOHN BENTAS 
Business NH Magazine

Businesses looking for capital investments to help them grow traditionally knock on the doors of venture capitalists, financial institutions and other expert investors. But in a sluggish economy, those doors are answered less and, when they do open, yield less fruit.

That has led companies to seek capital from individuals in the form of stocks, loans and other investments. The challenge is ensuring those doors don't become traps for people unfamiliar with securities law-traps that can lead to hefty fines and fees in order to break free.

Finding The Right Capital For Your Business

Excellent article written by John Hamilton of the NH Community Loan Fund.  Food for thought, food for growth, essential tools for your business toolbox.  ~bf Finding the Right Capital Match

Published Tuesday, October 26, 2010 7:00 am

by JOHN HAMILTON 

You've survived the recession, but now your business needs capital to keep up with demand. Raising those funds will require developing a careful strategy so you'll be properly equipped before approaching a bank or alternative source of financing.

Is It Time to Refinance Your Business?

Is It Time to Refinance Your Business?

Very informative article from Business NH Magazine that should be mandatory reading for business and commercial property owners.  I am sending this to my entire commercial database. ~bf

Published Tuesday, November 2, 2010 7:00 am

by CAROL ROBIDOUX AND ERIKA COHEN 

The ads are ubiquitous: With rates in the low fours, there has never been a better time to refinance. There has also never been a more critical time. Between 2010 and 2014 nearly $1.4 trillion in commercial real estate loans nationally will come up for renewal, and about half of them are "underwater," with borrowers owing more than the property is worth, according to a Congressional Oversight Panel report.

Jobs Coming To The New Hampshire Seacoast

Growth & Development in New Hampshire… JOBS coming to the seacoast, some of them new, some from Massachusetts… This is very good news for the New Hampshire economy…  ~bf

Tyco plans to add facility in Newington

By Dave Choate

dchoate@seacoastonline.com

www.seacoastonline.com

November 06, 2010 2:00 AM

NEWINGTON — Tyco Electronics plans to move one of its manufacturing facilities to Newington, bringing one of the world's largest electronics components manufacturers to town.

Seabrook NH Settles Proposed Mall Lawsuit

 … and it looks like the drama and wait is finally proceeding to the next stage, albeit not without controversy.  This is very big news for the burgeoning Seabrook retail corridor on Route 1.  ~bf

November 6, 2010

Abutters condemn secrecy, lack of input

By Angeljean ChiaramidaStaff writer

Daily News | www.newburyportnews.com

SEABROOK — Without allowing comments from abutters or holding a public hearing, the Seabrook Planning Board has unanimously approved a deal struck behind closed doors that will allow a once-rejected half-million square-foot shopping center to be built on Route 1 and settle a lawsuit pending in the state's highest court.

Interesting chart of same store sales October 09 to October 10 gives a good indication of specific performance as well as credit risk...  ~bf

View larger chart...

Temporary Retail:: Halloween Stores Make Yearly Visit

An interview I did the other day with the Nashua Telegraph on the business of temporary holiday stores… bf

Halloween stores make ghostly visits each year

By ASHLEY SMITH

Staff Writer

Nashua Telegraph

They may seem like fly-by-night operations, but temporary Halloween stores have a well-defined business model.

New Hampshire Home Sales Show Q3 Decline

Not commercial news, but there’s a correlation… The real news is: There is no better time to buy than now, if you're in a position to do so. Prices have declined, inventory is plentiful, sellers' motivation is high and interest rates are extremely low. If you want to buy a home and can afford to do it, do it. If you're an investor, as I've said many times, millionaires are made in times like this. Contact me for a referral of a great Realtor for your area. If you want to buy commercial real estate or a business, contact me and we'll get started on your future now! bf

New Hampshire Home Sales Show Third Quarter Decline

Positive streak compared to 2009 totals is halted

October 30, 2010 2:00 AM

Seacoast Online

After four consecutive quarters of substantial residential home sales increases, New Hampshire saw a decrease in the third quarter of 2010 compared to the same period 2009.

Plummer to Speak at Catapult Series

Here’s a fantastic opportunity for young business people to hear one of the most accomplished, engaging and charming business people in not only the seacoast or New Hampshire, but all of New England.  If you have a chance to attend, do not miss this!  bf

Plummer to Speak at Catapult Series

October 28, 2010 2:00 AM

SeacoastOnline.com

PORTSMOUTH — Catapult, the Seacoast's young professionals networking group dedicated to providing its members with opportunities to enhance personal and professional development, will hold its third Business Speaker Series event at 5:30 p.m. Wednesday, Nov. 3, at the 100 Club.

Sex, Lies and Real Estate

This blog was originally posted by Matthew Ferrara, a professional I respect greatly. 

I repost it here for your consumption and comment, and encourage you to check Matthew’s website, www.matthewferrara.com for more valuable commentary… bf

Sex, Lies and Real Estate

Start buying all the real estate in sight – before your money won’t be able to buy any real estate for years to come.

Ok, we’ll admit that the “sex” part of our title was just to get your attention. But give us five minutes and it might be worth it.

Because real estate is about to become the best investment for the next decade, maybe more.

Amesbury Hotel Plan Faces Challenge from Beavers

Interesting article from the Newburyport Daily News today... do you get the feeling that oftentimes the tail is wagging the dog?  bf 

By Lynne HendricksStaff Writer

AMESBURY — The developers hoping to build a new Hampton Inn on the corner of Elm Street and Route 110 are battling a flood of resistance to their planned 90-room hotel.

Their trouble is not from the Planning Board or Conservation Commission, which are currently reviewing the plan. It's not from angry neighbors — at least not the kind that walk on two legs.

Peak Resorts Buys NH's Wildcat Mountain Ski Area

Peak adds to their already impressive portfolio of New England ski resorts... bf

By Lynne Tuohy
Associated Press Writer / October 21, 2010

CONCORD, N.H.—Missouri-based Peak Resorts announced Thursday it is buying Wildcat Mountain Ski Area and will offer season passes and tickets good at both Wildcat and Attitash Mountain Resort.

Peak Resorts, which also owns Crotched Mountain in Bennington, N.H., and Mount Snow in Vermont, is buying Wildcat from Pat Franchi of Massachusetts, who has owned the ski area since 1986. Peak Resorts bought Attitash in 2007 and has made $5 million worth of improvements to that ski area.

Small Business Loans Enacted

Interesting conversation on the new small business loans available through the newly passed $30 Billion dollar loan fund... bf

Bean Group uses technology to thrive in real estate market

On pace for $1B in sales in '10

By Andrew Leibs

business@seacoastonline.com

September 12, 2010 2:00 AM

PORTSMOUTH — When Michael Bean founded his real estate firm in 2003, he created a new business model: Attract top agents by leveraging technology connecting buyers and sellers.

"Rather than open a 3,000-square-foot office, we invested in talented people and in the Internet," said Bean, president and chief executive officer of the Bean Group in Portsmouth.

SBA loan program proves effective for Portsmouth restaurant

SBA approves a record number of loan guarantees

The new deck at Poco's Bow Street Cantina, under the brown awning, is an example of a local project made possible by stimulus funds when the city created a public water-side park in its old location, left. ~Scott Yates syates@seacoastonline.com

By Michael McCord

business@seacoastonline.com

August 01, 2010 2:00 AM

PORTSMOUTH — While there has been no shortage of criticism about the size and effectiveness of the American Recovery and Reinvestment Act since it passage almost 20 months ago, ARRA's emphasis on small businesses was unprecedented.

Recent Commercial Transactions, Boston Market

RECENT TRANSACTIONS: JULY 30

by Sean McFadden

Microsoft has signed a lease for 113,000 square feet of office space at One Cambridge Center in Cambridge. The space on six floors is part of the expansion of Microsoft’s New England Research & Development Center in Kendall Square. Occupancy is scheduled for late summer 2010. The owner and developer of Cambridge Center is Boston Properties Inc. 

NH Governor Lynch Signs 1031 Exchange Tax Fix

This is great news for the commercial investor community, specifically the single person LLC...  bf

Lynch signs 1031 exchange fix

As seen in New Hampshire Business Review

About 30 investors, assessed by the state Department of Revenue Administration for owing a total of $5 million in back taxes on various investments, are off the hook, thanks to a bill signed into law July 8 by Gov. John Lynch.

The bill retroactively allows investors to engage in real estate exchanges permitted by federal law without paying capital gains taxes.

Boston CRE market well positioned

Good news continues to pour in relative to the New England Commercial Real Estate market... bf


BOSTON BUSINESS JOURNAL - BY Craig M. Douglas


Boston’s strength in the medical and higher-education industries bodes well for its commercial real estate market, as demand for space is expected to rebound in both areas amid an improving economy and the country’s recently passed health-reform law, according to a new report by Fitch Ratings.

Boston Commercial Real Estate Market Report

Boston among healthiest commercial real estate markets

Boston Business Journal 

Greater Boston’s commercial real estate community appears to be among the healthiest in the country, in terms of the percentage of properties that have remained current on their debt payments.

Hampton Beach Plans Economic Summit

It's probably going to be a long haul to transform Hampton Beach, given the open land already un-utilized along the ocean... will an investor with deep pockets and vision take a shot at bringing new life to a former jewel?  We shall see ... I'll be at the summit for sure... bf

Out of the ashes: Hampton Beach businesses plan economic development summit

Hampton Beach businesses plan economic development summit

 

By Patrick Cronin

Seacoast Online

March 14, 2010 2:00 AM

Driving down Ocean Boulevard at Hampton Beach it's virtually impossible not to notice the charred remains that were left after a Feb. 26 fire leveled a block of businesses, including the Surf Motel, Happy Hampton Arcade and Mrs. Mitchell's gift shop.

Tanning Salon:: Business For Sale: Manchester NH Area

Tanning Salon * Established, operating business for sale. This is a great opportunity to go into business for yourself and create your own success & destiny! Six Tanning units, 4 beds/ 2 standups, room for expansion.

Stratham Office Condo For Sale

Exceptional professional office/ business space priced for quick acquisition. Three units contiguous totaling 3926 square feet. Recent significant improvements include finished second story office, new heating, new a/c.

Faulkner & Triglione Lease Newburyport Flex Space

The Masiello Group Commercial Associates is pleased to announce the lease of flex space in Newburyport, MA.

"This space was by far the cleanest available, and has a premier location and many high end amenities", said Faulkner of TMG Commercial Associates, who marketed the property and represented the landlord. "A double unit of 4500 square feet, in pristine condition, in the Lord Timothy Industrial Park just off Rte 1 and Rte 95... you just can't beat that."

Hi... News in the Boston Business Journal today... this is very good news for the local economy... with investments come jobs, and it affects everything in a trickle down way... commercial real estate, home sales, etc...

Local startups raise over $400M in January

Boston Business Journal - by Craig M. Douglas

Massachusetts startups reported pulling in more than $100 million in equity and debt financing this week, according to regulatory filings and company announcements covered by the Boston Business Journal.

Salisbury Commercial Land Sold By Bill Faulkner of Masiello Commercial

The Masiello Group Commercial Associates is pleased to announce the sale of a prime commercial parcel on the heavily trafficked Rte 110 corridor in Salisbury MA.

Bill Faulkner of TMGCA marketed the property while providing representation to the seller, and also procured the buyer.

This is the second property Faulkner has sold this month on Rte 110 in Salisbury. Faulkner previously brought the buyer for the former Salisbury Superstore property.

"This property obviously added to the value of the buyer's business, located directly adjacent to the 2.5 acres" said Faulkner, "it was a no brainer to approach the abutter." The property was on the market for two years prior to Faulkner taking over the marketing, and was on market with Faulkner 60 days before he procured the offer.

Bill Faulkner represents buyers and sellers of commercial property and is a business broker.  He is licensed in MA, NH and Maine. He can be reached at bill@billfaulkner.com.

Big Week In Venture Capital Money for Boston Area Startups

On the heels of a story about the glum VC market in the past year, Boston Business Journal reports a boom week for Boston Area Startups- over $100 million invested this past week!.  Could this be a trend developing in the new year?  Stay tuned... bf

Alyssar, LLC Buys Salisbury Commercial Property

The Masiello Group Commercial Associates is pleased to announce the acquisition of 76-78 Elm Street, Route 110 Salisbury, MA by Alyssar, LLC of Amesbury, MA. The buyer was procured and was represented by Bill Faulkner of The Masiello Group Commercial Associates.

The land and buildings are the former site of Salisbury Superstore, and before that was a used car dealership.

The property was offered by Anthony Triglione of The Kane Group, representing The Salem Five Cent Savings Bank, the owner of the property.