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Maine's real estate brokers, buyers and sellers are all still doing business, although with new expectations and new ways of working together. But it's unclear what the future holds for the industry.
Despite the public health crisis, Maine's construction companies — considered essential businesses — continue to do work the state relies upon, in communities including Yarmouth, Portland, Freeport and Cumberland Foreside.
Unemployment claims have skyrocketed. Various industries are hanging on by a thread, while manufacturers and a select few retailers try to stay in control as “essential” businesses. There’s been a scramble for federal relief funds.
The house recently placed on a foundation at 57 Chestnut St. in Bath was built by students in the Bath Regional Career and Technical Education program, funded by Bath Rotary Charitable Trust and now owned by Bath Housing Development Corp.
COVID-19 response focus by the Lewiston-based health care system hasn't derailed plans for $38 million project; state offers grants to develop, maintain trails; National Association of Realtors releases COVID-19 survey.
The school will reassess the situation this fall as it works with Maine Realty Advisors on an appraisal of the Lewiston-Auburn College building.
The second round of grants through Central Maine Growth Council will fund improvements at 10 downtown sites. The council expects grants made so far to result in nearly $2 million of storefront enhancements this year.
The recent acquisition of a 7-acre parcel near a train station in Bethel is planned to be the site of a 38-unit residential complex, with a pad site for potential commercial use.
Curtis Picard, head of the Retail Association of Maine, outlines his concerns as he welcomes revised in-store gathering limits that took effect on Friday.
The apartment building would be for residents 55 years or older, and is the Portland-based developer's first Old Orchard Beach project.
The former mill, one of five New Hampshire-based Chinburg Properties owns in Maine, was busy welcoming new tenants before COVID-19 restrictions were put in place last month.
A concept plan for 11,962 acres in Kingsbury Plantation expires in May, and the Land Use Planning Commission's rezoning keeps most of it protected. In other news, the COVID-19 crisis spurs adaptation in real estate and preservation.
OnProcess Technology was on a 90-day schedule to permanently transition its Belfast workforce from a single location to a work-from-home model. When the pandemic hit, the transition was accomplished in just 14 days.
The buyer of a 36,000-square-foot Class A office building in Bangor views it as a distinct property in a city with a lot of momentum and upside.
The $2 trillion federal relief program could be a lifesaver for Maine businesses struggling with impacts of COVID-19. But will the relief come soon enough?
CMH says there's no better time than now for Maine Urgent Care in Lewiston to open; Portland restricts short-term rentals and asks evictions be halted; MEREDA sets new gala date; architecture critic Sorkin dies.
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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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