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Real Estate & Construction
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Insider Notebook: Rock Row leasing agent on board; MAR foundation awards housing grants
Maureen Milliken June 24, 2020As Waterstone Properties looks to develop 110-acre Rock Row, the quarry at the center will be part of the marketing for Boston-based firm Wilder; Maine Association of Realtors Foundation awards grants to five nonprofits to support housing for
Maureen Milliken June 24, 2020
Szanton Co. 48 Hampshire development in Auburn is part of a bigger picture
Maureen Milliken June 24, 2020Every project has a story behind it, developer Nathan Szanton told the group gathered for the ribbon-cutting at 48 Hamsphire in Auburn Tuesday.
Maureen Milliken June 24, 2020
Plans for massive $59M Kittery apartment complex go for final town approval
William Hall June 24, 2020The project, in the works for over a year, could ultimately bring over 300 units of much-needed housing stock to Kittery. If approved, construction would begin next spring.
William Hall June 24, 2020
Maine home sales decline 21%, but prices climb
Staff Updated: June 23, 2020The pandemic and continued short supply cooled off what had been a hot market for single-family homes. But home values and demand remained strong in May.
Staff Updated: June 23, 2020
Ecology School campus hits 90% of fundraising goal; construction halfway complete
Staff June 22, 2020An environmental school in Saco reached 90% of its fundraising goal of $14 million to build a new campus, including a $500,000 contribution from Poland Spring for an education and dining commons.
Staff June 22, 2020Uncertain real estate market and pandemic put brakes on Portland revaluation
Staff June 22, 2020The city of Portland postponed its property revaluation process until 2021, citing uncertainty about the real estate market and the fiscal implications of COVID-19. It was to be the first revaluation in 15 years.
Staff June 22, 2020
Portland waterfront development heats up as freezer warehouse plan progresses
Renee Cordes June 19, 2020Plans for a freezer warehouse head to a Planning Board workshop next week, as the Roux Institute of Northeastern University partners with WEX on office space.
Renee Cordes June 19, 2020
Kennebec Savings to merge with smaller Kennebec Federal Savings
Renee Cordes June 18, 2020The combined entity will have about $1.25 billion in assets and employ 165 people in a merger that's expected to be completed in the fourth quarter of 2020.
Renee Cordes June 18, 2020
Portland area housing authorities on track to develop 500 units
Maureen Milliken June 17, 2020The COVID-19 pandemic hasn't slowed down development projects by the Portland, South Portland and Westbrook housing authorities — between them, 499 units of housing are in the works.
Maureen Milliken June 17, 2020
Former Connectivity Group co-owner buys Freeport engineering firm
Laurie Schreiber June 14, 2020The former co-owner and president of the Connectivity Group is now the new owner and president of AEC Engineering in Freeport. Plans include digitizing administrative process and expanding the geographic scope.
Laurie Schreiber June 14, 2020
Building Business: Multifamily housing among projects underway in Portland
Peter Van Allen Updated: June 15, 2020A large complex is nearing completion, while work progresses on others. Elsewhere, there are updates from projects in Bangor and Brunswick.
Peter Van Allen Updated: June 15, 2020
Insider Notebook: MaineHousing, United Way move to new quarters
Maureen Milliken June 10, 2020MaineHousing has moved from downtown Augusta to former state office space near Interstate 95, renovated by Landry/French; United Way has moved to Forest Avenue in Portland from the peninsula; and Maine Preservation has opened award nominations.
Maureen Milliken June 10, 2020
New Harvey Performance development not slowed by pandemic
Maureen Milliken June 10, 2020When ground was broken in Gorham a year ago for the precision tool maker's new building, developed by Northlands Enterprises, plans were that construction would be finished in 12 months. Thanks to a "dream team" led by Landry/French Construction,
Maureen Milliken June 10, 2020
Tight industrial market boosts value of Westbrook building
Laurie Schreiber June 7, 2020A Boston real estate investor bought a 126,072-square-foot industrial building in Westbrook for $8.75 million, $250,000 above asking price, and immediately found a tenant with Abbott Laboratories.
Laurie Schreiber June 7, 2020
RE/MAX Shoreline tops $1B in under five years
Laurie Schreiber June 7, 2020RE/MAX Shoreline achieved a milestone when it topped $1 billion in sales volume on May 15, after finalizing 2,885 transactions since its inception Dec. 31, 2015.
Laurie Schreiber June 7, 2020
MEREDA forecast: 'Lost first half of the decade'
Laurie Schreiber June 4, 2020Maine’s real estate market had a good year in 2019. Then came the pandemic. A prominent economist told a MEREDA webinar audience Thursday that the economy could take five years to recover.
Laurie Schreiber June 4, 2020
Today's Poll
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
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.
Learn More
Work for ME
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.
Learn More
Groundbreaking Maine
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 more-
The Giving Guide
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.
-
Work for ME
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.
-
Groundbreaking Maine
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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