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Real Estate & Construction
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Bangor property leased by BJ’s Wholesale Club sells for $12.5M
February 5, 2025The listing received serious interest from several institutional buyers. Ultimately, it went to a buyer who owns multiple BJ's locations nationwide and quickly closed the deal.
February 5, 2025
The Downs adds office and retail condominium units
February 5, 2025The 31,753-square-foot building is projected to have 1,600- to 5,000-square-foot retail units on the first floor and 2,400- to 10,627-square-foot offices on the second and third floors.
February 5, 2025
After scrapping plans for salmon farm, Nordic Aquafarms lists Belfast site for $2M
February 5, 2025Nordic abandoned the land-based salmon farm project last month, after the Belfast City Council vacated an action to seize key mudflats for intake and discharge pipes.
February 5, 2025
Portland’s Eastern Promenade to see new condo construction
February 4, 2025Thirteen luxury condos will replace an apartment building at 246 Eastern Promenade, a street that has not had a new development in more than five decades.
February 4, 2025
Lewiston’s refurbished Picker House Lofts is now welcoming tenants
Updated: February 19, 2025Developer Nathan Szanton said the Picker House Lofts name honors the building’s provenance as a cotton-mill processing center.
Updated: February 19, 2025
Tiny-home village proposed as permanent supportive community in Bangor
February 4, 2025Homeful Village is modeled after Community First! in Austin, Texas, a mix of formerly unhoused residents, intentional neighbors and services.
February 4, 2025
After $28M revamp, a Northeast Harbor inn will reopen in June
February 3, 2025The project preserved the original structure and added 15 cottages and 17 spa suites with terraces. Features include custom wallpaper, furniture and fixtures.
February 3, 2025Legacy Properties ends 2024 with record-breaking results, surpassing $1B
Updated: February 3, 2025Legacy reported a 23% increase in total sales volume over 2023, driven by a 16% growth in unit sales combined with a higher average selling price.
Updated: February 3, 2025
MEREDA forecast conference scheduled for Feb. 27
Updated: February 3, 2025The conference brings together folks to talk about trends, outlooks and ideas in the real estate and development industries.
Updated: February 3, 2025
Portland industrial software startup HighByte doubles space to accommodate growth
Updated: February 3, 2025The new HQ is viewed as a recruitment tool for the growing company. With both on-site and remote employees, the mission was to find a pleasant, productive environment and proximity to hotels.
Updated: February 3, 2025
Dempsey Center will have new leader and new space in Westbrook’s Rock Row
January 30, 2025Dempsey Center President and CEO Cara Valentino is stepping down. Brandon Hotham will serve as interim amid the move to Rock Row.
January 30, 2025
First look at USM's future Crewe Center for the Arts
January 30, 2025The University of Southern Maine will open the $63 million Crewe Center for the Arts in the fall. For now, Mainebiz got a tour of the site under construction.
January 30, 2025
Where Maine homebuyers came from in 2024
Updated: January 31, 2025Buyers flocked here from neighboring Massachusetts, but also from farther afield.
Updated: January 31, 2025
Industrial space is still in short supply in southern Maine, but market is easing
January 29, 2025In its annual market survey, the Dunham Group says the supply of industrial space has been eased by a repurposing of office and retail space.
January 29, 2025
Biddeford housing market continues to expand with 250 new apartments at the Eddy
Updated: January 30, 2025Reveler Development is completing its Eddy apartment building in Biddeford for occupancy March 1.
Updated: January 30, 2025
Maine home sales and prices edged up in December
January 28, 2025Maine's median home sales price edged back up to $400,000 in December, down from an all time high of $409,450 and $385,000 for November.
January 28, 2025
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