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After some COVID-related disruptions to mergers and acquisitions last year, some Maine advisers expect a slow but steady pickup in deal activity this year.
Last year wasn't as disastrous as some had predicted. And while much uncertainty remains, 2021 looks stronger for some parts of these commercial markets.
Multifamily properties are hot in southern Maine and expected to get hotter, while single-family home prices are up across the state. Much of the demand is being driven by out-of-state buyers.
Mainebiz has complete coverage of the annual industry gathering, held Thursday by the Maine Real Estate and Development Association. Our reporting starts with this roundup of highlights and observations from the virtual conference.
Jonathan Trumper, a former New York entertainment consultant, now heads the Portland chapter of the business mentoring nonprofit. He talked with Mainebiz about his new role and the area's potential for cultivating entrepreneurs.
At the Downs in Scarborough, there's plenty of evidence of housing growth. But the boom isn't confined to one large development or town. The trend is quickening throughout southern Maine, and affecting multiple industries and communities.
The city faces problems ranging from generational poverty to a lack of affordable housing, but new homes could reduce property taxes and generate new industry, commerce and employment. About half of Auburn's land is undeveloped or under-developed.
Maine Avenue Auto Sales, of Farmingdale, will open a third dealership in Fairfield, using a Facade Improvement & Marketing Assistance Program grant to make improvements to property at 23 Main St., the most recent recipient of the grant program,
A total of 32 companies from Bangor, Portland, Lewiston and Waterville will participate in this year's program, which will culminate with a final showcase pitch-off in May for a $25,000 cash prize.
Recently completed work includes the construction of towers in Buckfield, Charleston, Dexter and Dresden, as well as upgrades in a dozen other Maine communities.
The branch brings the total in the Granite State to 21, and 54 overall in three states.
JPMorgan Chase & Co. plans to open a branch at 251 U.S. Route 1 in Falmouth in the first quarter of 2022, one of five planned branches in the southern part of the state.
The reconfiguration of Water Street from one-way to two-way, and the accompanying redesign of Commercial Street in downtown Augusta, is "a model for other communities," the Maine Association of Planners said of the 2020 Project of the Year.
The sale of 46 FirstPark Drive, a 20,000-square-foot office building, is the fourth commercial transaction at the 285-acre commerce and technology park on the Oakland-Waterville line this year.
As we bid farewell to 2020, here's what the Mainebiz team liked covering the most in 2020 and why.
As 2020 draws to a close, here's a curated collection of quotes from Mainebiz "On the Record" interviews with business and nonprofit movers and shakers.