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Real Estate & Construction

Maine home sales slow in April

Sales of existing single-family homes slowed in April, but that didn’t stop the median sales price from seeing a larger increase.

Referendum could impact Portland project

A Portland group of residents is seeking to hold a referendum that would protect the city’s scenic views and could have a major impact on a proposed mixed-use development.

Medical marijuana facility plans $2.5M expansion

Wellness Connection of Maine is proposing a $2.5 million expansion for its medical marijuana-growing facility in Auburn to keep up with growing demand.

New call center tenant in Belfast helps fill upcoming Bank of America vacancy

Dylan Martin |

When Ashland, Mass.-based OnProcess Technology announced Monday that it had signed a lease to open a new service center in Belfast's former MBNA campus, it marked the beginning of a new chapter for...

Office space in demand: Downtown Portland's Class A space is in short supply

Dylan Martin |

When Ben Kaplan became CEO of CashStar in late 2013, it was clear that the growing Portland-based digital gift card company was in need of new space for a workforce now topping 100...

Maine real estate activity rises 25%

The MEREDA Index has increased 25% for the first quarter from the same period last year to 110, and it was largely driven by a boom in commercial real estate activity.

Developer buys former Unum building in South Portland, confirms WEX as tenant

Lori Valigra |

A company run by Portland-based Monks O’Neil Development LLC confirmed that WEX Inc. will be the tenant of a 60,000-square-foot South Portland building it recently...

Rockland to reconsider energy plant proposal

Rockland city officials are expected to reconsider an option-to-buy agreement with a Boston energy company that is seeking to build a natural gas-fired plant on city...

Developer buys four buildings for Portland's 'Century Plaza' retail project

Lori Valigra |

Commercial real estate development company Northland Enterprises LLC of Portland said it has bought four properties on Marginal Way and Kennebec Street to make way for a retail mall it has renamed...

Nebraska developer plans luxury senior housing complex in South Portland

Dylan Martin |

A Lincoln, Neb.-based developer is making its first entry into Maine and New England with a proposal to build a 128-unit luxury senior housing complex in South Portland.