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The new hire spent over seven years in Boston on the investment side of commercial real estate, including asset repositioning and entitlement work.
The buyer told Mainebiz that his plans for the property are not yet finalized though he does have an operator interested in reopening the eatery.
A roundup of new hires, promotions and achievements at businesses, nonprofits, health care institutions and professional services firms across Maine.
At the front end of the workforce pipeline, Maine’s only medical school will operate out of its new $93 million Portland home built to meet the highest standards in medical education but without trying to replicate larger, more established schools.
The building, located at 735 Main St., has housed the venture for the past three years.
Main Street Skowhegan received $500,000 for Kitchen 185, which is envisioned as a shared commercial kitchen and food business incubator. The total project cost is estimated at around $3 million.
The team at Maine Real Estate and Development Association has created a treasure trove of interviews with the state’s leading developers, builders, bankers and visionaries. There are now 30 episodes available.
The Sasseville family has been building apartments in Auburn since 1990, but the latest build of 24 units might be the last for the immediate future. Current economic uncertainties are putting expansion plans on hold for now.
As home prices have escalated beyond the reach of many year-round residents in the Kennebunk region, and as more homes are now lived in only seasonally, one nonprofit is working to provide attainable housing for locals.
The discount retailer aims to open a store at Shaw's Plaza on Western Avenue before Christmas, the company's president told Mainebiz.
Single-family homes in Maine are a strong asset class, outperforming other parts of the country.
Falmouth-based Portside Real Estate Group and Swan Agency Real Estate in Bar Harbor are both led by Mainebiz Women to Watch honorees who have always been "in sync."
The planned 400-seat venue would be located at the top of Munjoy Hill and would include a multi-functional 'promenade' room for exhibits, performances and events.
A proposed ordinance for the city's Arts District would require property owners to fill empty storefronts with temporary art installations or experiences.
The majority of spa and sauna sales are made within 10 miles of a dealer's store, says one study. “People want to do business with somebody local.”
Bliss has three brick-and-mortar locations, in Portland, Kennebunk and Portsmouth, N.H. Its new space in Portland will focus on home goods.