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Real Estate & Construction

Pipeline grows, but demand for affordable housing continues to surge

Renee Cordes |

Avesta Housing President and CEO Dana Totman says demand for affordable housing in southern Maine far exceeds supply. In 2018 alone, Avesta reports it had 4,046 applicants for 373 vacancies.

Bar Harbor Historical Society on track to buy Seacoast Mission building

Laurie Schreiber |

The Bar Harbor Historical Society is scheduled on March 31 to close the purchase of the former Maine Seacoast Mission building, a historic structure known as “La Rochelle” on West Street...

Amid Cook's Corner Mall changes, one retailer moves to Topsham Fair Mall

Maureen Milliken |

Kim's Hallmark, a long-time Cooks Corner tenant, is moving to Topsham ahead of changes at the Brunswick shopping center spurred by a Hannaford supermarket moving in.

Luxury West End condos going up for auction

Laurie Schreiber |

Williston-West Condominiums, at 32 Thomas St. in Portland's West End, has been listed for auction by Tranzon LLC.

Maine 4-H Foundation purchases Greenland Point Center in Princeton

Staff |

With the help of numerous donations, Maine 4-H Foundation has purchased the 64-acre Greenland Point Center in Princeton.

Rockland's 'tiny house' amendment challenged in court

Laurie Schreiber |

A Rockland resident has filed a lawsuit challenging a recent zoning change that would allow houses of less than 800 square feet in five zoning districts of the city.

Three-building investment signals confidence in South Portland's Knightville

Laurie Schreiber |

The $1.3 million purchase near Mill Park is seen by the buyer as a value-add opportunity in an up-and-coming neighborhood.

College of the Atlantic plans major expansion

Staff |

College of the Atlantic in Bar Harbor is planning a 45,000-square-foot expansion that will include science laboratories, flexible lecture halls, faculty offices, art and design studios, teaching and...

Digital online banking trends prompt KeyBank to close four Maine branches

Maureen Milliken |

The move to digital and online banking has prompted KeyBank to close four of its 49 branches in Miane within the next few months.

Saco Island West LLC lands $4M bridge loan for 'micro apartments' project

GenX Capital Partners LLC, a Miami-based direct lender for commercial real estate transactions, announced Wednesday that one of its investors out of Boston helped close a $4 million bridge loan to...

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