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Real Estate & Construction
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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
Farmington Diner renovation on track after long journey
Maureen Milliken June 3, 2020When Rachel Jackson bought the Farmington Diner in 2008, she had a dream of bringing it back to life; 12 years, two property acquisitions and two diners later, the dream is beginning to come true.
Maureen Milliken June 3, 2020
Husson University breaks ground on College of Business building
Renee Cordes June 3, 2020The new building, set to be completed in fall 2021, will feature 42,500 square feet of experiential classrooms and offices, learning spaces devoted to augmented and virtual reality and a large space that can be used for mock trials.
Renee Cordes June 3, 2020
Szanton Co. plans 50 apartments at former Bath YMCA site
Maureen Milliken Updated: June 2, 2020The development, which includes 50 new apartments and renovation of 10 existing ones, as well as six retail spaces, will comprise new construction on the lot that once housed part of the YMCA as well as redevelopment of two historic buildings.
Maureen Milliken Updated: June 2, 2020
Deal for Augusta residential parcel was already complicated before the pandemic
Laurie Schreiber June 1, 2020A Maine-based investment group acquired a portfolio of 44 multi-unit residential buildings in Augusta after some fairly complex proceedings that were made all the more difficult when the pandemic struck.
Laurie Schreiber June 1, 2020
Insider Notebook: Navatek's Commercial Street lease first step in Portland marine complex
Maureen Milliken Updated: June 3, 2020The lease is the first in a three-phase property plan for the marine engineering firm, which last year was awarded an $8 million Navy contract, and a key piece of an expanded tech working waterfront at the site; also, nominations open for Smart
Maureen Milliken Updated: June 3, 2020
Despite pandemic, Saddleback resort relaunch remains on track
Laurie Schreiber Updated: June 1, 2020Major upgrades to Saddleback Mountain, the ski resort in Rangeley, remain on track despite the pandemic. A Saddleback-led group is focusing on workforce attraction and finding ways to support local communities.
Laurie Schreiber Updated: June 1, 2020
Waterville business leader Bill Mitchell is coping with the crisis — but optimistic
Maureen Milliken Updated: June 1, 2020Mitchell runs three very different businesses in the city, and all have been affected by the pandemic. He told Mainebiz it's led to him to realize, more than ever, the importance of customers, and renewed his confidence in Waterville.
Maureen Milliken Updated: June 1, 2020
Interstate commerce: Maine's business ties with NH are growing in surprising directions
Renee Cordes Updated: June 1, 2020From beer-making to microwave-part manufacturing, from retail to professional services, Maine companies are doing brisk business on both sides of the 170-mile border with New Hampshire.
Renee Cordes Updated: June 1, 2020
Insider Notebook: Developer plans to convert Augusta office building to senior apartments
Maureen Milliken May 27, 2020Jim Pepin, who bought the long-vacant office building that was UMA's first home, is seeking a contract zone from the Augusta Planning Board; in Fairfield, a new round of facade grants get underway.
Maureen Milliken May 27, 2020
Abbott, American Roots expansions bolster still-steady industrial market
Maureen Milliken May 27, 2020Abbott, of Scarborough, is adding space in both Scarborough and Westbrook, while American Roots has expanded to 20,000 square feet in the Dana Warp Mill; both are increasing production in response to the pandemic, helping to drive industrial
Maureen Milliken May 27, 2020
Maine gets $52.7M boost to expand infectious disease testing
Maureen Milliken May 22, 2020The money will accelerate completion of a 46,000-square-foot state lab in Augusta, allow rural hospitals to increase ability to test for both COVID-19 and other infectious diseases and spark a plan to allow businesses to offer drive-through testing.
Maureen Milliken May 22, 2020
Maine home sales down in April, prices up
Staff May 22, 2020Home sales plunged 15.41% in Maine last month, but the median sales price soared 12.29%, from $210,000 to $235,800. The decline mirrored the national dip of 15.5%, and Maine did better than the Northeast as a whole, which saw a decline of 18.2%.
Staff May 22, 2020
T-Mobile will have a new landlord at its Oakland site
Laurie Schreiber May 21, 2020J.B. Brown & Sons paid $10.7 million for the 78,610-square-foot site, where a T-Mobile customer care center is under lease through August 2027 and has renewal options.
Laurie Schreiber May 21, 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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