News/Business
After death of owner in balloon crash, quirky Post Mills airport has uncertain horizon
By ALEX HANSON
Since its founding in 1945, Post Mills Airport has changed hands only a few times, most recently in 1988, when Brian Boland acquired it.And since its founding, the small grass airstrip has been privately held.Boland’s death in a July 15 hot air...
What the Pandora Papers say about New Hampshire
By BOB SANDERS
$932.5 billion.That’s the value of assets under management by a rapidly growing trust industry ostensibly based in New Hampshire. They have increased by more than a quarter of a trillion dollars in just the last year, and it’s not a complete total.The...
The dark side of 1031 property exchanges
By BOB SANDERS
The bankruptcy and multiple lawsuits related to Franconia-based Edmund & Wheeler Inc.’s alleged participation in a national Ponzi scheme raises a number of questions over the regulation of the real estate reinvestment tool known as a 1031 exchange.A...
Large Loudon hydroponic greenhouse bought by national firm that wants to make it larger
By DAVID BROOKS
The region’s biggest greenhouse grower of salad greens, Lef Farms of Loudon, has been purchased by a national firm which plans to enlarge it.New York-based Brightfarms purchased Lef (pronounced “leaf”) this summer for an undisclosed amount. The...
Two old friends open new antiques store on North Main
By CASSIDY JENSEN
Joy Cadarette and Sharon Beauchesne are old friends, opening a store in an old building where they will sell old things. But the idea of starting a new antique shop in Concord together is newly hatched, when just three weeks ago they discovered that...
When are NH non-competition agreements invalid?
By JOHN CUNNINGHAM
If you are starting a New Hampshire business or if you own an existing one and your business has or will have employees, you should consider whether to protect your business by requiring your employees to sign written non-competition agreements as a...
Chicken wings are becoming a rare (and costly) delicacy
By DAVID BROOKS and GEOFF FORESTER
It’s not quite true to say that chicken wings have become as rare as hen’s teeth, but pandemic-fueled changes in habits have turned this fun restaurant item into a hard-to-find and painful-to-pay-for commodity.“I asked all over the country –...
Walls are going up at Exit 17 Market Basket supermarket complex
By CASSIDY JENSEN
There is finally something to see at the location of the incoming Market Basket in Penacook. Construction has begun on the buildings off of Exit 17 of 1-93 in Concord that will house a long-awaited supermarket and a NH Liquor and Wine outlet. The...
Lincoln Financial buildings and 181 acres in Concord sold for $3.4M
By DAVID BROOKS
One of Concord’s largest commercial properties, 181 acres around two office buildings once occupied by Lincoln Financial, has been sold to Brady Sullivan Properties.The site, off northern Rumford Street, was sold for a total of $3.4 million, according...
Newspapers of New England announces leadership changes
Newspapers of New England, Inc., the family-owned parent company of the Concord Monitor, announced a series of leadership changes on Thursday.Current NNE president and CEO Aaron Julien will move into the role of chairman. He replaces longtime NNE...
Popular Concord eatery facing closure after building bought by bank
By JULIA STINNEFORD
Soula Maloutas has run the Gas Lighter restaurant in downtown Concord for almost 45 years, with the same original menu and beloved recipes.Located at 204 North Main St., the building is being sold to a bank later this year, leaving an uncertain future...
After a decade, popular Schoolhouse Cafe in Warner shuts down
By JULIA STINNEFORD
The Schoolhouse Cafe, a popular eatery in Warner, has closed its doors after a decade in business and co-owner Kathy Shifrin said it was sadder than she expected.“It was very sad to say goodbye to our customers,” Shifrin said after their last day...
Time runs out for United Life & Accident Insurance Company
By DICK OSBORNE
When the Lincoln Financial Group sells its office park and campus in Concord’s North End (you can buy it for $6 million) and no longer has a presence as an employer in Capital City, it will close the books on more than a century of history of life...
Firm that owns Pleasant View nursing and retirement homes makes huge restructuring; status of Concord sites unclear
By DAVID BROOKS
The huge, struggling company that owns Pleasant View and Pleasant View Retirement homes in Concord is preparing to sell control of 51 of its facilities around the country, including three in New Hampshire.Concord’s Pleasant View nursing home and...
Law in the Marketplace: Inside the uncertain I&D Tax
By JOHN CUNNINGHAM
Although New Hampshire boasts that, unlike most other states, it imposes no state income tax on its residents, it does impose an income tax on New Hampshire business owners, and it’s a significant one – namely, the New Hampshire Interest and Dividends...
Does your business need a holding company?
By JOHN CUNNINGHAM
A subspecialization for many business lawyers, including me, is a field of law and tax called asset protection. This field involves the creating of entities and other arrangements for clients that will protect them from claims by their creditors.I...
Mt. Sunapee Ski expansion part of 5-year plan
By DAVID BROOKS
The long-debated expansion of Mount Sunapee Ski Area into the West Bowl, including a mile-long chairlift, new lodge and new sewage system, is front and center of the area’s first master plan since it was bought by Vail Resorts.The five-year plan,...
Regal Cinemas to shut its theaters, including in Concord, due to shortage of new movies
By DANICA KIRKA and LINDSEY BAHR
In the latest blow to the beleaguered film industry, the second-largest movie theater chain in the U.S. is temporarily shuttering its locations due to a lack of blockbusters on the calendar and major domestic markets like New York remaining...
Popular sub shop will submerge from sight, but not due to Covid-19
By RAY DUCKLER
After his final shift as the owner of the Yellow Submarine on Saturday night, when his tiny business closed for good, Concord lost a stalwart businessman and his signature sandwich.David Luoma is retiring after 27 years working in the same spot, near...
Canadian firm buys Rymes Propane and Oil for $159 million
By DAVID BROOKS
Rymes Propane and Oil, founded a half-century ago and long based in Concord, is being bought by a Canada energy firm for $159 million.The purchase by Superior Plus needs regulatory approval and is scheduled to wind up Sept. 30., Superior Plus is based...
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