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Award-winners in Bath, Saco and Skowhegan recognize the importance of resilient, vital downtowns, particularly in the face of the COVID-19 pandemic, the organization said.
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.
Sponsored by Kennebunk Savings Bank
For many, Thanksgiving means gathering with family and friends. It can also mean travel headaches.
AAA predicts a record 81.8 million people will travel at least 50 miles from home between Tuesday, Nov. 25, and Monday, Dec. 1.
Of those travelers, 73 million will go by car — up 1.3 million from a year ago.
With the federal shutdown resolved, air travel is expected to be back at normal levels — although, in this case, it will mean normal Thanksgiving levels. AAA predicts that 6 million people will travel by air, a 2% increase. (Last year, Portland International Jetport broke its Thanksgiving travel record, with 64,348 travelers, up from 54,636 in 2023.)
Another 2.5 million people will travel by bus, train or cruise ship.
The Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
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Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
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Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
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