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A 19-acre parcel is planned for an affordable housing development of 30 tiny homes. “I think it’s a great project. It’s exciting to see,” said the planning board chair.
Business leaders from around the state have varying expectations for the coming year.
From a proposal for Maine's tallest building to efforts to address the housing shortage, here are some of the most-viewed Mainebiz Real Estate Insider stories from 2025.
Maine's retail sector was a mixed bag of store openings and closings in 2025, from Warby Parker's arrival in the Old Port to the end of an era for Renys downtown.
“This portfolio checked a lot of boxes for our client,” said the buyer’s broker. “It offers immediate scale in a tight residential market, along with the ability to unlock further value through thoughtful investment.”
After several years of record-setting activity, Portland’s housing market is transitioning into rising inventory, longer days on the market and softening prices, said a local broker.
The Greater Portland Council of Governments is leading an initiative encouraging homeowners to consider building accessory dwelling units on their properties.
This year's notable deals include the acquisition of Belfast's Front Street Shipyard by a Blackstone-backed marina operator, and hammond Lumber's purchase of Ware-Butler.
“Our goal is to design a campus that functions better for customers and employees, improves safety and traffic flow, and fits the character of the neighborhood,” said one executive.
The project included complete pavement rehabilitation and associated airfield improvements, restoring the runway to meet current safety, operational and performance standards.
The Residences at Crosstree is one of the largest multifamily housing developments in Freeport in recent memory, with 144 units across six buildings.
If the park can’t provide bedrooms for prospective seasonal employees, most couldn’t find a place to live within commuting distance — also increasingly the case with permanent staff.
With delays in processing mortgage loans through federal agencies, home sales were down nearly 12% in November.
"We gave it our best shot," John Reny, president of the family-owned discounter, told Mainebiz of the location at 540 Congress St. The store will end its 15-year run at the downtown location on Dec. 31.
As we get ready to wind down the year, here’s a recap of 10 stories that tickled our fancy in 2025.
The arts help prepare students for the workforce by strengthening creative, critical-thinking and communication skills. Construction will break ground in early January.