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Real Estate & Construction

Eight Portland apartment buildings sold for $7M, One Monument Way sold

Laurie Schreiber |

A mechanism to defer capital gains taxes helped clinch the sale of eight apartment buildings in Portland in a $6.965 million deal and led to the sale of a prominent office and retail building in...

Construction to begin soon for apartment complex at Biddeford's Riverdam Mill

Construction will soon be underway to convert two buildings at Biddeford's Riverdam Mill to an 80-unit apartment complex.

First part of EMMC's $305M expansion to open next year

The first phase of a $305 million expansion project at Eastern Maine Medical Center in Bangor is expected to open by the end of March 2016, the Bangor Daily News reported Monday.

Bangor Savings Bank announces $10 million Portland expansion

Bangor Savings Bank announced in a press release Tuesday morning that it would be revealing plans for a $10 million expansion Thursday.

Iron Mountain buys 95,000-square-foot Scarborough warehouse

Laurie Schreiber |

When Boston-based Iron Mountain Information Management LLC converted to real estate investment trust status in 2014, it went into acquisition mode, buying properties globally to utilize for its...

Waterville Main Street leader is giving hope to Maine downtowns

Jennifer Van Allen |

As executive director of Waterville Main Street, Jennifer Olsen is the first one to acknowledge the city's challenges.

ServiceMaster franchise relocates to Auburn, plans workforce expansion

A ServiceMaster cleaning and restoration franchise that recently relocated to Auburn from Oxford plans to add three to five employees to its workforce of 30 by winter, the company said.

Gallery expansion to be reviewed in Rockland

A proposal to build a five-story, $3 million building expanding the Dowling Walsh Gallery in downtown Rockland is going to the city's Planning Board tonight, the Penobscot Bay Pilot reported Monday.

South Portland office park sold to local investor for $11 million

Laurie Schreiber |

The SouthBorough Office Park, a complex with more than 100,000 square feet of office space near the Maine Mall, sold for $11 million in a deal that closed Sept. 23.

Condos eyed for former Margaritas building in downtown Portland

Luxury loft-style condominiums are planned for the former Margaritas Mexican Restaurant building in downtown Portland, the Portland Press Herald reported Monday.