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The fee that hotel developers are assessed in lieu of building affordable housing will double, from $4,831 to $9,520 per guest room.
E.L. Vining & Son Inc.'s experience in public road work, sitework, utility and landfill projects complements Sargent’s core services.
“Over the coming months, the building will undergo a full renovation to create a modern, collaborative workspace designed to support our attorneys, staff and clients for years to come,” the firm said.
Every week in the Tuesday Real Estate Insider, Mainebiz compiles a list of commercial real estate sales. Here is a compilation of sales published in October 2025.
The gift accelerates a campaign to raise $15 million for a campus expansion to include a 13,000-square-foot clubhouse addition to serve teens and young adults. The goal is to start construction in late 2026.
Participants will include the CEOs of the Maine State Chamber of Commerce and Portland Regional Chamber of Commerce, as well as the president of MEREDA and the CEO of Bangor Savings Bank.
Funding disruptions “jeopardize hundreds of thousands of homebuyers, sellers and renters, adding uncertainty to a market already facing affordability and supply challenges,” the association said.
The Norwich, N.Y.-based bank said it has seen “tremendous growth” in its Maine customer base in recent years.
While some owners are adamant about keeping the business in the family while pursuing expansions and new business models, selling to an outside buyer is also an option in a highly fragmented industry.
Every week in the Thursday Real Estate Insider, Mainebiz compiles a list of commercial real estate leases. (The Tuesday Real Estate Insider publishes commercial sales.) Here are the leases we published in October 2025.
Bath Iron Works has 6,700 workers and a payroll of $447 million, but housing is in short supply in the Bath area.
Construction of a 25-unit affordable housing complex for residents ages 55 and up in Farmington is 75% completed and is expected to welcome residents in early 2026.
A new pocket community of 21 affordable condominiums are priced well below the average home price for the region. The standalone condos at Wilbur’s Woods are listed at $325,000 for households that earn less than $105,360 annually.
Auxiliary Brewing Co. will take over a building previously occupied by Gneiss Brewing. The space came with equipment and furnishings.
The Realtor of the Year recipient is chosen from among the 11 nominees of local associations and more than 6,400 Realtors in Maine.
The market is seeing an increasing number of homes for sale, increasing time-on-market and price dips, easing competition buyers have been facing for the past five years.
Sponsored by Kennebunk Savings Bank
Next year will bring a host of new challenges for businesses looking to add employees to the payroll.
Maine's Paid Family and Medical Leave law will go into effect, which will allow an employee to take paid leave for up to 12 weeks to care for an ill family member or new child, for instance.
The state's minimum wage will increase by 45 cents an hour, to $15.10 (a separate minimum wage provision will be voted on in Portland that could raise the hourly compensation to $19).
And rising health care premiums will continue to be a struggle for employers.
For companies that plan to grow, all of these factors will have to be managed.
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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