Canam Completes Buy Of Nearby Jewell Site
Claremont — Steel fabricator Canam Bridges on River Road has completed purchase of the nearby building owned by Jewell Transport, which is moving its trucking facility about a half-mile south this spring to a new building now under construction in the Syd Clarke Industrial Park. Canam General Manager Robert Richard said last week the purchase of the 70,000-square-foot Jewell building, which is on a parcel that borders Canam’s...
Juniper Hill Inn Under Contract
Windsor — The owners of the Sumner Mansion Inn in Hartland have contracted to purchase the closed Juniper Hill Inn in Windsor and plan to renovate the property over the fall and winter, in time for spring re-opening. Ken Lucci and his sister Brenda Bradley, who bought Sumner Mansion only last year, plan to operate the two bed-and-breakfasts — which are just 31/2 miles apart — with shared staff in a bid to expand accommodations for the...
Pizza Hut Joins 3 Other 12A Vacancies
West Lebanon — When the Pizza Hut in West Lebanon closed it doors suddenly last week, it joined at least three other prime commercial real estate locations along the Route 12A commercial strip that are looking for new tenants. The vacancies reflect the challenge of finding new tenants as both the retail and fast-food industries grapple with changes in consumer behavior, as well as financial pressures within the industries themselves,...
A New Source of Revenue
When Americans lose track of money — in neglected bank accounts, paychecks they forgot to cash and elsewhere — state governments are increasingly aggressive in taking control of the cash. Now, with those efforts swelling state coffers by more than $40 billion and lawmakers using some of it to patch budget holes, skirmishes are breaking out between states and companies with their own interest in holding on to the unclaimed property....
Reverse Mortgage Due When Borrowers Die
As more seniors turn to reverse mortgages, their adult children might be puzzled or concerned about what will happen to that debt when their parents die. Nearly all reverse mortgages are home equity conversion mortgages, or HECMs, which are insured by the Federal Housing Administration. HECMs are subject to some rules that might not apply to non-HECMs. The first thing adult children should know about HECMs is that these reverse...
