Vol.44, No.16
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W E E K O F M O N D A Y, A P R I L 1 8 , 2 0 2 2
THE REGISTRY REVIEW NEW HAMPSHIRE’S STATEWIDE REAL ESTATE & FINANCIAL NEWSPAPER A Publication of The Warren Group
WEEKLY SALES OF NOTE
M E R G E R S & A D VA N TA G E S
Epsom 296 SUNCOOK VALLEY HWY. . . . . . . . . . . . . . . . . . . $12,000,000 B: KT Mobile Home Park LLC S: Kings Town Mobile Hm Pk Mtg: Berkaida Comm Mtg LLC $1,733,000
Nashua 270 AMHERST ST. . . . . . . . . . . . . . . . . . . . . . . . . . . $10,100,000 B: Linear Retail Nashua #9 LLC S: 270 Amherst Street LLC Use: Mixed Use-prim Comm & Other, Lot: 475152sf
124 ALPINE PARK RD. . . . . . . . . . . . . . . . . . . . . . . . . $7,800,000 B: Tracy Friedman S: Christine K Wienberg Mtg: Guaranteed Rate Inc $2,700,000 Use: 6 Bdrm Contemporary, Lot: 100188sf
Concord 220 LOUDON RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4,700,000 B: SV Property SS LLC S: Storage Station Inc Mtg: HarborOne Bank $3,100,000 Use: Mixed Use-prim Comm & Other, Lot: 117612sf
Alton 122 PIPERS POINT LANE . . . . . . . . . . . . . . . . . . . . . . $4,000,000 B: Beth L Masse Tr, Tr for Roger B Masse T S: Daniel H Raess Tr, Tr for Raess 2019 Funding T
Fremont MAIN STREET. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,850,000 B: Popli Estates Coop Inc S: Albert F Witham & Joyce W Witham
Amherst 2 HOWE DR. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,768,733 B: Howe Warehouse QI LLC S: Nash Family Inv Props & Ballinger Properties LLC Mtg: Camden National Bank $15,700,000 Use: Industrial Use, Lot: 699574sf
Portsmouth 244 CRESCENT WAY. . . . . . . . . . . . . . . . . . . . . . . . . . $2,250,000 B: Robert J Waskiewicz S: Wilfred R Shrigley 3rd Tr, Tr for Shrigley RT
REGISTRY REVIEW STAFF
A
s mergers and acquisitions continue to alter the region’s banking landscape, one local bank has found an opportunity amid the shakeup to expand its wealth management services into a third New England state. Cambridge Trust Co. hired a wealth management team in November from Bridgeport, Connecticut-based People’s United Bank. The Cambridge-based bank plans to expand its services into Connecticut, adding the state to its current Massachusetts and New Hampshire market. While the Connecticut expansion will not initially involve branches or even an office, the bank expects its more than 100-year-old wealth management services to take hold in the state during a time when wealth is expected to transfer and grow.
Mortgage Lending Could Follow
Bedford 7 ASPEN LN. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,250,000 B: Shawn Cain & Michele P Cain S: Leslie C Prothro Use: 4 Bdrm Colonial, Lot: 73616sf
Northfield 4 FORREST RD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,055,667 B: LRMSR 2 LLC S: David F Boles Mtg: Service Credit Union $2,362,500
Franklin 20 TERRACE RD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,055,667 B: LRMSR 2 LLC S: David F Boles Use: 2fam-5fam Residence, Lot: 6098sf
3 3 4 4 5 5 7 8 10 10 11 11 11 11
Bank Lures Wealth Managers After People’s United Merger BY DIANE MCLAUGHLIN
Moultonboro
PG
Cambridge Trust Finds Opportunity in Upheaval
“A lot of people want to manage people’s money in this industry, and it’s a great time to be in this business,” said Robert Maquat, who joined Cambridge Trust in November as senior vice president and senior private banker.
7,500 7500
REAL ESTATE RECORDS
5,500 5500
Belknap �������������������������� 04/01/22 Carroll ���������������������������� 04/01/22 Cheshire ������������������������ 04/01/22 Coos �������������������������������� 04/01/22 Grafton ���������������������������� 04/01/22 Hillsborough ������������������ 04/01/22 Merrimack ���������������������� 04/01/22 Rockingham ������������������ 04/01/22 Strafford ������������������������ 04/01/22 Sullivan �������������������������� 04/01/22 Bankruptcies Lien & Attachments Foreclosure, Mortgagee & Other Lien Auctions Requests for Bids & Proposals
with $5 billion in wealth assets under management, had the type of platform the team wanted, Maquat said, including extensive investment offerings with a global reach and fiduciary trust services. Maquat’s team includes Christopher Lucas, Sharon Mathews, Doreen DiBari and Wil Fleming. Another wealth manager from People’s United, Celia Cazayoux, had joined Cambridge Trust in June.
Single-Family Sales By Month 6,500 6500
TRANSACTIONS THRU
“There’s so much wealth that’s being created so much is going to be transferred to the next generation – it’s really unprecedented.” After Buffalo-based M&T Bank announced plans last year to acquire People’s United Bank – a deal expected to be completed on April 1 – Maquat approached Cambridge Trust and other institutions about finding a new home for his wealth management team at People’s United. Cambridge Trust, a $4.9 billion-asset bank
New Hampshire Market Statistics
INDEX COUNTY
Cambridge Trust Co. was able to expand the reach of its wealth management services into Connecticut after luring away employees of the state’s biggest bank amid a major merger.
4,500 4500 3,500 3500 2,500 2500
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Feb. Mar. Mar. April Apr. May May June June July July Aug. Aug. Sept. Sept. Oct. Oct. Nov. Nov. Dec. Dec. Jan. Jan. Feb Feb. Feb. ’21
’22
Number 3200 of 3,200 Sales 3100 3,100 3000 3,000 2900 2,900 2800 2,800 2700 2,700 2600 2,600 2500 2,500
Continued on Page 12
Feb. Feb. ’17
Feb. Feb. ’18
Feb. Feb. ’19
Feb. Feb.
’20
Feb. Feb. ’21
Feb. Feb. ’22
Feb. 2017 Feb. 2018 Feb. 2019 Feb. 2020 Feb. 2021 Feb. 2022
Number of Sales
Change Prior Year
2,668 2,614 2,824 2,683 3,040 2,593
-8.16% -2.02% 8.0% -4.99% 13.31% -14.70%
q Statistics based on single-family home sales of $1,000 q Source: The Warren Group
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