Vol.42, No.07
www.thewarrengroup.com
W E E K O F M O N D A Y, F E B R U A R Y 1 7 , 2 0 2 0
THE REGISTRY REVIEW NEW HAMPSHIRE’S STATEWIDE REAL ESTATE & FINANCIAL NEWSPAPER A Publication of The Warren Group
WEEKLY SALES OF NOTE
H E A LT H Y W O R K P L A C E S
Manchester KENNARD RD L:1-25. . . . . . . . . . . . . . . . . . . . . . . . . $10,400,000 B: Airtight 5 LLC S: 459 Kennard Realty LLC
Hampton
Mental Health Focus Boosts Employee Engagement at Mascoma Bank
639 LAFAYETTE RD. . . . . . . . . . . . . . . . . . . . . . . . . . . $6,950,000 B: Eni 639 Lafayette Rd LLC S: Lucier Holdings LLC Use: Bottled/propane Gas Tanks, Lot: 43560sf
Rural Banks Win With ‘Lifestyle Approach’ to Recruiting
Meredith
BY BRAM BERKOWITZ
73 SPINDLE POINT RD . . . . . . . . . . . . . . . . . . . . . . . . $4,900,000 B: John J Mccarthy Tr, Tr for John J Mccarthy LT S: John Kittredge & Kathryn Kittredge Use: 5 Bdrm Ranch, Lot: 81457sf
Hudson 225 LOWELL RD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,200,000 B: RH Flagstone LLC S: Corner Lot LLC & RDB Holdings LLC Mtg: Enterprise Bk & Tr Co $9,883,125 2 FLAGSTONE DR. . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,200,000 B: RH Flagstone LLC S: Corner Lot LLC & RDB Holdings LLC Use: Commercial Warehouse, Lot: 28967sf 227 LOWELL RD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,200,000 B: RH Flagstone LLC S: Corner Lot LLC & RDB Holdings LLC Mtg: Enterprise Bk & Tr Co $9,883,125 Use: 2 Bdrm Ranch, Lot: 43734sf
Salem 45 S BROADWAY. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,200,000 B: 45 Salem Holdings LLC S: SPP Citizens Nlref V LLC Mtg: North Shore Bank $1,760,000 Use: Bank Building, Lot: 38768sf
Londonderry 15 PILLSBURY RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,000,000 B: Stabile Homes At Londond S: Pillsbury Reatly Dev LLC Mtg: Main Street Bank (MA) $4,710,000
Sunapee 40 BIRCH POINT RD . . . . . . . . . . . . . . . . . . . . . . . . . . $1,962,000 B: William D Grinnell Tr, Tr for William D Grinnell RET S: W Jeffrey Baker Tr, Tr for W Jeffrey Baker RET
Manchester 835 HANOVER ST U:101. . . . . . . . . . . . . . . . . . . . . . . $1,711,800 B: SPP Citizens NLREF V LLC S: ARC CBMCRNH002 LLC Mtg: Sunflower Bank NA $39,500,000 Use: Office Condo Unit ARC CBMCRNH001 LLC . . . . . . . . . . . . . . . . . . . . . . . $1,531,733 B: SPP Citizens Nlref 5 LLC S: ARC CBMCRNH001 LLC Mtg: Sunflower Bank NA $39,500,000
SPECIAL TO REGISTRY REVIEW
C
ommunity banks in rural areas sometimes find their job openings a tough sell to new, skilled talent as more and more young people move to cities like Manchester, Boston and Portland, Maine. But at Lebanon-based Mascoma Bank, turnover rates are on the decline and employee engagement continues to rise. A whopping 86 percent of employees say they feel their job is important and that senior management cares about them, according to the bank’s 2018 annual report. Behind this success are several programs supported by psychological science that not only advance employee health and well-being, but also increase performance and productivity, bank managers say. As a result, the American Psychological Association named the bank a Psychologically Healthy Workplace in 2019. The bank also received the 2020 Vermont Governor’s Excellence in Worksite Wellness – GOLD Level Award, and was ranked as one of the best places to work in the Green Mountain State. “Psychological safety is a very real and important aspect of every work environment,” Melissa Carlson, chief human resource officer at Mascoma Bank, told the Registry Review. “People need to be able to come to work and be their true, authentic self at work and not
800
INDEX
TO OUR READERS
T
Volume of Mortgages for Single-Family Homes $1200 1200 Refinance
$900 900
400
REAL ESTATE RECORDS 200 TRANSACTIONS THRU 0
The bank did not achieve a high level of employee engagement overnight. Mascoma began the process of becoming a certified B corporation in 2016, making it a business that by legal definition must consider the impact of its decisions on its workers, customers, Lebanon-based Mascoma Bank recently won awards from the American suppliers, community Psychological Association and the state of Vermont for the well-being of its employees. and the environment. The bank achieved B-corp status in 2018 committee” that has long promoted programs but it did not stop there, participating in an and initiatives that boost employee health. initiative started by New Hampshire Gov. “There has been a lot of support from upper Chris Sununu to become a recovery-friendly management,” said Casey Dillingham, a 10workplace last year. year employee at Mascoma Bank and past This program promotes the intentional hir- chairwoman of the committee. “[CEO and ing of people in recovery from addiction, and President] Clay [Adams] came to us and said, trains companies and their employees on how ‘You are doing a great job - what more can we to create the best environment for their new do?’ It means a lot to hear that coming from colleagues. the president of the bank.” Continued on Page 12 Mascoma Bank also maintains a “wellness
Both
600
PG COUNTY
Wellness Promoted
New Hampshire Market Statistics
Concord 14 HALL ST . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,400,000 B: Dick Anagnost Tr, Tr for Pearl Street School Assoc S: Dilorenzo Concord RE LLC
have to fit into a certain mold. We really value diversity and inclusion in the workplace and psychological safety is a big part of that as well.”
Feb Mar Apr May Jun 3 Belknap �������������������������� 02/04/20 3 Carroll ���������������������������� 02/04/20 4 Cheshire ������������������������ 02/04/20 4 Coos �������������������������������� 02/04/20 4 Grafton ���������������������������� 02/04/20 5 Hillsborough ������������������ 02/04/20 6 Merrimack ���������������������� 02/04/20 7 Rockingham ������������������ 02/04/20 8 Strafford ������������������������ 02/04/20 9 Sullivan �������������������������� 02/04/20 9 Bankruptcies 9 Lien & Attachments 10 Foreclosure, Mortgagee & Other Lien Auctions 10 Requests for Bids & Proposals
Purchase
$600 600 Jul Aug Sep Oct Nov Dec. Jan Feb
$305 300 $0 0
Dec. Jan Jan. Feb. Mar. Apr. Apr. May May June Jun. July Jul. Aug Aug. Sep Sept. Oct Oct. Nov Nov. Dec. Dec. Dec. Feb Mar ’18
1000 $1000 800 $800
’19
500
Both Refinance
375
125
0
Feb. 14
Feb. 15
Feb. 16
Feb. 17
Feb. 18
400 $400 200 $200
$00
Dec. Dec.15
’15
Purchase
Refinance
Both
Both
Dec. 2015
$233
$347
$580
Dec. 2016 Purchase
$270
$509
$779
Dec. 2017
$283
$348
$631
Dec. 2018
$241
$266
$507
Dec. 2019
$302
$611
$913
Refinance
Purchase 250
600 $600
Month
Dec. 16 Dec.
Dec. 17 Dec.
Dec. 18 Dec.
Dec. 19 Dec.
’16
’17
’18
’19
❑ Dollar amounts in millions ❑ Source: The Warren Group ❑ Statistics based on single-family home sales
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he Registry Review is online! After more than 40 years as a printed newspaper, all of the real estate information you rely on is now available at Both www.theregistryreview.com. (There are no plans to cease publication of the Refinance newspaper.) All current subscribers Purchase have complimentary access to the website. When you first visit the site, please click the “forgot password” button to set up your account. If you have any problems please call or email customer service at 617-896-5388 or customerservice@thewarrengroup.com. If you have any feedback or would like to contribute content, please email editorial@ thewarrengroup.com. Sincerely, Cassidy Norton Associate Publisher The Warren Group