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The gift accelerates a campaign to raise $15 million for a campus expansion to include a 13,000-square-foot clubhouse addition to serve teens and young adults. The goal is to start construction in late 2026.
Participants will include the CEOs of the Maine State Chamber of Commerce and Portland Regional Chamber of Commerce, as well as the president of MEREDA and the CEO of Bangor Savings Bank.
Funding disruptions “jeopardize hundreds of thousands of homebuyers, sellers and renters, adding uncertainty to a market already facing affordability and supply challenges,” the association said.
The Norwich, N.Y.-based bank said it has seen “tremendous growth” in its Maine customer base in recent years.
While some owners are adamant about keeping the business in the family while pursuing expansions and new business models, selling to an outside buyer is also an option in a highly fragmented industry.
Every week in the Thursday Real Estate Insider, Mainebiz compiles a list of commercial real estate leases. (The Tuesday Real Estate Insider publishes commercial sales.) Here are the leases we published in October 2025.
Bath Iron Works has 6,700 workers and a payroll of $447 million, but housing is in short supply in the Bath area.
Construction of a 25-unit affordable housing complex for residents ages 55 and up in Farmington is 75% completed and is expected to welcome residents in early 2026.
A new pocket community of 21 affordable condominiums are priced well below the average home price for the region. The standalone condos at Wilbur’s Woods are listed at $325,000 for households that earn less than $105,360 annually.
Auxiliary Brewing Co. will take over a building previously occupied by Gneiss Brewing. The space came with equipment and furnishings.
The Realtor of the Year recipient is chosen from among the 11 nominees of local associations and more than 6,400 Realtors in Maine.
The market is seeing an increasing number of homes for sale, increasing time-on-market and price dips, easing competition buyers have been facing for the past five years.
Kate Cordaro will support the president and CEO, Jennifer Hawkins, and work closely with internal teams and community partners.
The subject was ‘The Housing Crisis: Can we Crack the Code?’ which featured industry experts from architects and municipal and regional planners to developers, builders and bankers.
Recipients of this year's Annual Business Awards include Matcha Mood and Redfern Properties. They will be honored at an event in November.
The church’s 130-year-old towers, though structurally sound, require timely restoration to prevent deterioration. A recent architectural assessment confirmed that proactive preservation is essential.
Sponsored by Kennebunk Savings Bank
For many, Thanksgiving means gathering with family and friends. It can also mean travel headaches.
AAA predicts a record 81.8 million people will travel at least 50 miles from home between Tuesday, Nov. 25, and Monday, Dec. 1.
Of those travelers, 73 million will go by car — up 1.3 million from a year ago.
With the federal shutdown resolved, air travel is expected to be back at normal levels — although, in this case, it will mean normal Thanksgiving levels. AAA predicts that 6 million people will travel by air, a 2% increase. (Last year, Portland International Jetport broke its Thanksgiving travel record, with 64,348 travelers, up from 54,636 in 2023.)
Another 2.5 million people will travel by bus, train or cruise ship.
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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