Vol.41, No.11
www.thewarrengroup.com
W E E K O F M O N D A Y, M A R C H 1 8 , 2 0 1 9
THE REGISTRY REVIEW NEW HAMPSHIRE’S STATEWIDE REAL ESTATE & FINANCIAL NEWSPAPER A Publication of The Warren Group
WEEKLY SALES OF NOTE
BANKING AND BEER
131 NASHUA RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $7,800,000 B: Manh Properties LLC S: Docwag Londonderry LLC Mtg: JPMorgan Chase Bank $10,700,000 Use: Retail-service, Lot: 432551sf
Alton 144 HOPEWELL RD. . . . . . . . . . . . . . . . . . . . . . . . . . . $5,600,000 B: Jason Muise Tr, Tr for Jason Muise RET S: Robert P Bahre & Sandra L Bahre Use: 1-Family, Lot: 412949sf
Gilford SHORE RD L:21 & 22. . . . . . . . . . . . . . . . . . . . . . . . . . $3,900,000 B: Scott Johnson & Virginia Johnson S: Tony M Briney & Amy Briney
Londonderry 31 JACKS BRIDGE RD. . . . . . . . . . . . . . . . . . . . . . . . . $2,785,533 B: 31 Jacks Bridge LLC S: Evans Family LP Mtg: Camden National Bank $18,938,000 Use: Mixed Use-prim Res & Agricul, Lot: 1490623sf
Newbury 34 ECHO COVE RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,750,000 B: Carole S Binkowski Tr, Tr for Carole S Binkowski RET S: Inna Moore & Mark C Moore Mtg: Mascoma Bank $1,500,000 Use: 5 Bdrm Cape Cod, Lot: 126324sf
Moultonboro 75 WINDERMERE RD. . . . . . . . . . . . . . . . . . . . . . . . . .$2,650,000 B: John J Mccarthy Tr, Tr for John J Mccarthy RET S: Dale E Calder & Judith E Calder Use: 4 Bdrm Contemporary, Lot: 60548sf
Durham 395 BAY RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,445,000 B: Launch Pad Realty LLC S: Kenneth R Kendall Jr Tr, Tr for Kenneth R Kendall Jr T
Concord 38 LOCKE RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,950,000 B: Locke Road Group LLC S: Bradley Realty Inv Grp Mtg: Provident Bank $1,450,000 Use: Manufacturing Building, Lot: 114998sf
Wolfeboro 730 N MAIN ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,725,000 B: James Patterson & Karen M Patterson S: Joseph J Balboni & Mary F Balboni Mtg: Eastern Bank $1,380,000 Use: 3 Bdrm Conventional, Lot: 35719sf
Rye 871 OCEAN BLVD . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,700,000 B: Adam Levy & Tina Goldkind S: Margaret E White Mtg: GuardHill Fncl Corp $750,000 Use: 4 Bdrm Cape Cod, Lot: 15000sf
State’s Fast-Growing Brewing Industry Almost Tapped Out? New Study Shows Sector Grew 33 Percent in Three Years BY JAY FITZGERALD REGISTRY REVIEW STAFF
T
here’s no doubt about one thing: New Hampshire residents sure like their craft beer, so much so that the state ranks ninth in the nation in terms of the number of breweries per capita. According to market research firm C&R Research, there are now 5.6 breweries for every 100,000 people in the Granite State, generating $356 in annual economic activity per person. In New England, only Vermont and Maine rank higher than New Hampshire when it comes to loving craft suds, with the Green Mountain State ranking first at 11.5 breweries per 100,000 people and Maine ranking third (9.6), according to C&R. In the last three years alone, New Hampshire’s craft beer industry grew by 33 percent, according to C&R data. But Paul St. Onge, the head brewer at Manchester’s Backyard Brewery & Kitchen and treasurer of the New Hampshire Brewers Association, said that not even the C&R data captures the full scope of the growth of breweries in New Hampshire. Today there are about 73 breweries in New Hampshire, up from just 10 a decade ago, he said, citing his own association’s data. With such explosive growth, is there still room to grow – and is it worth it to banks to lend out the hundreds of thousands of dollars, or even well over $1 million, it sometimes costs to open a modern craft brewery? There are indeed signs that New Hampshire is
Photo courtesy of Throwback Brewery
Londonderry
A flight of beers from Throwback Brewery sit in the carrier in the brewery’s taproom. High startup costs and a crowded market are making some banks think harder about financing new businesses in one of New Hampshire’s fastest-growing industries.
approaching the peak of its brewery growth – or at least sub-sections of the industry appear to be approaching their peak. Industry officials note some recent closures of breweries – and how that’s making investors cautious. “I actually think it is getting harder to get financing,” said Nicole Carrier, owner and cofounder of Throwback Brewery in Northampton and president of the New Hampshire Brewers Association.
“When the industry was growing at double digits and there were less players in the markets, I think that some banks and private investors were willing to place well calculated bets on promising businesses,” she said. “Now, with some breweries around us recently closing, and more and more breweries competing for shelf space, it is going to be harder for new breweries to make their case for funding.”
New Hampshire Market Statistics
Continued on Page 16
TO OUR READERS
Single-Family Sales By Month
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he Registry Review has for many years been a terrific source of
real estate data in New Hampshire,
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but it has the potential to be much
INDEX
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more. The newspaper now features
REAL ESTATE RECORDS
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Group, publisher of The Registry Re-
PG COUNTY
TRANSACTIONS THRU
3 Belknap ���������������������������� 03/05/19 4 Carroll ���������������������������� 03/05/19 4 Cheshire ������������������������ 03/05/19 5 Coos �������������������������������� 03/05/19 5 Grafton ���������������������������� 03/05/19 6 Hillsborough ������������������ 03/05/19 8 Merrimack ���������������������� 03/05/19 9 Rockingham ������������������ 03/05/19 12 Strafford ������������������������ 03/05/19 12 Sullivan �������������������������� 03/05/19 13 Bankruptcies 13 Lien & Attachments 14 Foreclosure, Mortgagee & Other Lien Auctions 14 Requests for Bids & Proposals
articles from the staff of The Warren view; news briefs from real estate and
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financial institutions throughout the state; and analytics from The War-
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00
ren Group’s proprietary data prod-
Jan. Feb. Feb. March Mar. April Apr. May May June Jun. July Jul. Aug. Aug. Sept. Sept. Oct. Oct. Nov. Nov. Dec. Dec. Jan. Jan. Jan. ’18
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news, feedback and story ideas to us at editorial@thewarrengroup.com.
Number 1200 of 1,200 Sales
Number of Sales
1000 1,000 800 800 600 600 400 400
200 200 00
ucts. We invite readers to submit their
Jan. Jan. ’14
Jan. Jan. ’15
Jan. Jan. ’16
Jan. Jan. ’17
Jan. Jan. ’18
Jan. Jan. ’19
Jan. 2014 Jan. 2015 Jan. 2016 Jan. 2017 Jan. 2018 Jan. 2019
643 725 881 1,008 965 787
Change Prior Year -0.77% 12.75% 21.52% 14.42% -4.27% -18.45%
q Statistics based on single-family home sales of $1,000 q Source: The Warren Group
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Sincerely, Cassidy Murphy Associate Publisher The Warren Group