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Real Estate & Construction
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Kennebunkport ‘Captains Collection’ features four historic inns
Laurie Schreiber February 17, 2020With two recent acquisitions, Lark Hotels now owns four historic inns, in Kennebunkport’s residential historic district and packaged as the Kennebunkport Captain’s Collection. Asking prices over $3 million were found to limit the buyer pool.
Laurie Schreiber February 17, 2020
Saddleback sellers, buyers say Rangeley region community came first
Maureen Milliken Updated: February 18, 2020Arctaris Impact Fund, which bought the Rangeley-area ski resort from the Berry family, has a focus on the economic boost the mountain gives the area. That's what the sellers were seeking.
Maureen Milliken Updated: February 18, 202019 Maine housing authorities to receive $9.5M for home upgrades
Staff Updated: February 14, 2020The municipal housing agencies span the state, from Sanford to Van Buren, and the funds will help pay for their local efforts to preserve and modernize public housing properties.
Staff Updated: February 14, 2020
Auburn's 48 Hampshire to be completed in May
Maureen Milliken February 13, 2020The 53-unit building will include a mix of market-rate and workforce apartments, and is one of several new developments expected to bring residents to downtown Auburn and Lewiston.
Maureen Milliken February 13, 2020
Kittery shipyard hires Mass. company to build $58M power plant
Staff February 13, 2020The Navy has contracted with Ameresco Inc. to develop a 7.5-megawatt plant at the yard, supplementing the current 14 MW onsite generation facility.
Staff February 13, 2020
Mills signs affordable housing tax credit bill
Renee Cordes Updated: February 13, 2020The new law creates up to $10 million in annual tax credits for building affordable residences in Maine, and could result in 1,000 new units over the next eight years.
Renee Cordes Updated: February 13, 2020
Insider Notebook: Munjoy Hill Historic District planning board hearing, vote set
Maureen Milliken February 12, 2020Planning board public hearing on historic district in Portland neighborhood is tentatively set for March 10; Mills signs affordable housing bill; state groups work on preserving Historic Preservation Tax Credit.
Maureen Milliken February 12, 2020
Tiny homes legislation may unblock development bottleneck
Maureen Milliken Updated: February 14, 2020New legislation may create a way forward for an industry that stalled after a ruling by the secretary of state last summer, as proponents push tiny homes as a housing and economic solution.
Maureen Milliken Updated: February 14, 2020
The Downs, Rock Row developers share projects' state of play, expected impact
Renee Cordes Updated: February 12, 2020The high-profile, mixed-use complexes, covering a total of over 600 acres in Scarborough and Westbrook, are both under construction and both firsts of their kind, the developers said. Or at least firsts for the developers.
Renee Cordes Updated: February 12, 2020
Comeback kid, dark horse are 1-2 in Maine's hottest towns for home sales
Maureen Milliken Updated: February 11, 2020Hampden was the top town for home sales in the state in 2019 after dropping out of the top 10 last year in Maine LIfe Real Estate Co.'s annual lineup of "Maine's Hottest Towns." Meanwhile, newcomer Augusta debuts at No. 2.
Maureen Milliken Updated: February 11, 2020
Maine organizations to receive $1.65M for affordable housing, jobs
Staff Updated: February 10, 2020Five housing organizations will receive funds from NeighborWorks America, a nonprofit established by Congress over 40 years ago. The funding awards come as Gov. Janet Mills recently called for the creation of more affordable housing in Maine.
Staff Updated: February 10, 2020
Construction underway of first two Innovation District buildings at The Downs
Laurie Schreiber February 8, 2020Scarce industrial space and short development timelines are among the factors driving interest in the Innovation District at The Downs in Scarborough. The sales of the first two lots in the 80-acre business park were finalized in December to an
Laurie Schreiber February 8, 2020
Legislation aimed at doubling affordable housing construction goes to Mills
Maureen Milliken February 7, 2020The $80 million tax credit program leverages an equal amount of federal money over 10 years, and could add 1,000 units of senior and low-income housing, while also preserving affordable units.
Maureen Milliken February 7, 2020
Sunday River has big plans for the next decade
Staff Updated: February 6, 2020Sunday River Resort in Newry has announced a plan to guide its development through 2030, focused on new infrastructure, year-round business and reaching a net-zero carbon impact.
Staff Updated: February 6, 2020
Saco's seafood cluster: Location, affordable space are netting new businesses
Laurie Schreiber Updated: February 10, 2020With easy transportation access, plentiful real estate and a business-friendly environment, parts of Saco are becoming a hub for more of Maine's seafood processors and distributors.
Laurie Schreiber Updated: February 10, 2020
Building a community: Manufactured home residents go co-op
Maureen Milliken Updated: February 10, 2020With housing options for low and moderate-income residents in York County increasingly sparse, some of them banded together to take some control over the situation. The co-op they formed is part of a growing trend.
Maureen Milliken Updated: February 10, 2020
Today's Poll
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 was approved in Portland that will raise the hourly compensation to $19 within three years).
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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