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The larger plan is to develop an Asian American Community Center and Buddhist temple complex in Westbrook.
Portland’s condo market was strong in 2024. Greater Portland and Cumberland County single-family pricing continues to grow. Multifamily price increases are slowing.
Built in 1972, 75 Northport Drive had previously been owned by L.L.Bean, which used it for various operations such as a call center and for photo shoots.
Greater Portland Landmarks said it wouldn’t pursue further legal action opposing the plan, which includes razing an existing building for the museum’s expansion.
The restoration included restored windows, updated building systems, modern kitchen amenities, historic woodwork and flooring, and wood fiber insulation made by TimberHP in Madison.
Currently operating with 54 employees, the insulation manufacturer is seeking to lessen its debt via a voluntary, pre-negotiated Chapter 11 reorganization plan filed in U.S. Bankruptcy Court in Delaware.
New Hampshire has seen continued growth, and Maine bankers are seeing opportunities.
State subsidies have since 2022 helped to fund more than 200 affordable housing units. The latest round of dollars will support the creation of another 137, all in rural communities.
Three employees with experience on the Rock Row building project in Westbrook have moved into supervisory positions with the Scarborough construction company.
Residents, business owners and developers are invited to share ideas for adding new housing to the city, at a series of community gatherings.
A nonprofit development group is creating a new housing neighborhood in Boothbay, designed to be affordable to the area's workforce.
The project helps meet Gorham’s quest for diverse housing options. Young professionals and people looking to downsize are a potential customer base and workforce.
Construction included scheduling to avoid disturbing the Bicknell’s thrush, a rare bird species native to the area. Floor-to-ceiling windows include a removable bird screen.
A Kennebunkport foundation pledged support to help Habitat acquire property to build a subdivision in the greater Kennebunk region.
Spring typically brings more real estate activity. But data suggest uncertainty is taking the wheel, with inventory up but sales down — a rare divergence for the time of year.
Burke’s expertise spans office, industrial, retail and investment properties.
The first quarter of 2025 gave businesses a lot to think about, with ever-changing trade policies, funding cuts, market volatility and so on.
J.P. Morgan Research last month put the probability of a recession in 2025 at 60%, up from 40%. It said tariffs — particularly taxes on imports from China — were a "material threat to growth."
While recessions are "inherently unpredictable," says J.P. Morgan's chief global economist, most businesses probably have some sense by now of what's ahead.
With the second half of the year in sight, Mainebiz wants to get an idea of the mindset of Maine business leaders.
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 MoreWork 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 MoreWhether 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.
Coming June 2025
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.
Coming June 2025
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