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Real Estate & Construction
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Ellsworth’s housing shortage goes hand in hand with worker shortage
June 5, 2019Mainebiz had its most recent “On the Road” roundtable in Ellsworth. Each year, we visit six places in Maine, and Ellsworth was our third stop of 2019. It’s our chance to ask local business people what they see as the major issues.
June 5, 2019
Doors open on two Avesta projects that reuse historic buildings
June 5, 2019More than 100 people spilled out of the tent set up at Tuesday's ribbon-cutting for Avesta Housing's latest completed project — the 12-unit restoration of Mildred Fox School in South Paris.
June 5, 2019
Construction on Colby's $26M Lockwood Hotel will begin this summer
June 4, 2019The long-planned construction of Colby College's downtown hotel will begin this summer, a $26 million key piece in the college's investment in Waterville's downtown development.
June 4, 2019
Buyers swap corporate career for historic Kennebunkport inn
June 2, 2019Eileen and Carl Robley swapped out of careers in telecommunications and health care in favor of innkeeping with their purchase of the 1802 House Bed and Breakfast Inn in Kennebunkport. The purchase was financed in part by a mortgage from Camden
June 2, 2019
MaineHousing drops interest rate to attract more first-time homebuyers
May 31, 2019AUGUSTA — MaineHousing has dropped its base interest rate to 3.625%, down from 3.95%, beginning Saturday, June 1, to encourage more first-time home buyers, the agency said.
May 31, 2019
May 30, 2019
Inside West Bayside, where development is evolving as interest grows
May 28, 2019PORTLAND — A group of nearly 100 jammed into a bright and welcoming room last week at The Public Works on Alder Street for a forum, "The Rebirth of Bayside," a discussion of the e
May 28, 2019
Millinocket library will move to former restaurant during its $1.5M renovation
May 28, 2019The Millinocket Memorial Library will begin Phase I of its $1.5 million renovation next week, ushering in a new era for the library that celebrates its centennial this year.
May 28, 2019
Ri Ra owner partnering with 82 Hanover developer on BBQ restaurant, bar
May 24, 2019The owner of the Commercial Street Irish pub has leased 5,600 square feet, with additional outdoor space in the former Portland Public Works Dept. building under renovation by Tom Watson at 82 Hanover St. in the West Bayside neighborhood.
May 24, 2019
Three deals, two days: $30M of properties sold in Portland
May 24, 2019A series of three related transactions amounting to $29.85 million was accomplished in Portland over the course of two days. That included the sale of One Monument Way and the former Portland Public Market building.
May 24, 2019
Goodwill’s sale of Portland space paves way for new neuro rehab clinic in Scarborough
May 24, 2019Goodwill Industries of Northern New England has sold its 30,000-square-foot condominium space at 75 Washington Ave. in Portland. The sale allows Goodwill to consolidate its administrative staff at its Gorham headquarters and to custom-design leased
May 24, 2019
Katahdin Trust selected for ‘Housing Our Workforce’ program
May 23, 2019Katahdin Trust, a locally owned and managed community bank with 16 full-service branches throughout northern Maine, greater Bangor and the Portland regions, has been selected to participate in Federal Home Loan Bank of Boston’s “Housing Our
May 23, 2019
More work ahead at Lewiston’s Bates Mill
Updated: May 27, 2019Though it’s come a long way already, the redevelopment of Lewiston’s Bates Mill Complex is still a work in progress. Additional renovation work is taking place in the upper floors of Building 1, while the longer-term effort at Mill No. 5 continues
Updated: May 27, 2019
Auburn development boom has mayor’s buy-in
Updated: May 27, 2019Auburn Mayor Jason Levesque, a fifth-generation Auburn resident who returned to Maine after attending West Virginia Wesleyan College, is bullish about Auburn and the greater Lewiston-Auburn area in terms of location and affordability.
Updated: May 27, 2019
Lincoln, Calais, Baileyville jumping on Opportunity Zones to ignite development
May 22, 2019A year after nearly 9,000 Opportunity Zones were established in the U.S., three municipalities with zones are taking advantage of the tax law with a community-based approach designed to leverage development both in and outside of their zone.
May 22, 2019
Whole Oceans finalizes deal for part of former Verso mill
May 22, 2019Whole Oceans, of Portland, announced it completed a purchase and sale agreement with American Iron and Metal Development USA LLC for a parcel of property on the site of the former Verso paper mill.
May 22, 2019
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