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Real Estate & Construction

  • Historic Casco Bay fort pitched as 'Fortland'

    February 6, 2018

    A developer envisions an immersive campground at the privately owned Fort Scammel, built as part of Portland's defenses during the War of 1812.

    February 6, 2018

  • Vets First Choice will build $20M corporate facility in Portland

    Staff February 6, 2018

    Vets First Choice, a Portland company that provides technology-enabled care services for veterinary uses, will build a $20 million corporate facility in Portland.

    Staff February 6, 2018

  • Kennebec Savings Bank boosts Waterville Riverwalk project

    February 5, 2018

    The bank donated $150,000 to the project planned for the vacant riverside site that once was home to the Wyandotte mill, another step toward the $1.5 million boardwalk and amphitheater that city officials hope will boost development along the

    February 5, 2018

  • Engineering firm to move to downtown Augusta

    February 5, 2018

    SGC Engineering takes a five-year lease on 7,500 square feet on Augusta's Water Street, moving to the Capital City's downtown from its smaller quarters on Hallowell's Water Street. The move fills the ground-floor space left vacant when Dirigo Health

    February 5, 2018

  • Massachusetts lender acquires Cumberland County Mortgage

    Staff February 5, 2018

    HarborOne Bank of Brockton, Mass., has acquired Cumberland County Mortgage of South Portland for an undisclosed amount.

    Staff February 5, 2018

  • Rental market survey to guide Portland’s housing policy initiatives

    Staff February 5, 2018

    The City of Portland has hired Maine-based 45 North Research LLC to conduct a rental market survey of local market conditions.

    Staff February 5, 2018

  • Reshaping Portland's waterfront: A flurry of development east to west in Maine's largest city

    Renee Cordes February 5, 2018

    Charlie and Malcolm Poole lease space to 25 tenants and 15 boats that tie up on a pier on Union Wharf in Portland's prized working waterfront. But as they seek new tenants and income sources, the brothers are building a three-story office built at

    Renee Cordes February 5, 2018

  • New Gloucester property marks turning point for Day One

    Laurie Schreiber February 4, 2018

    The purchase of a completely renovated historic farmhouse in New Gloucester marks a turning point for Day One, Maine's leading agency addressing youth substance use. The 1795 farmhouse purchased for $570,000 in mid-January is located close to

    Laurie Schreiber February 4, 2018

  • Real Estate Transactions February 2018

    February 3, 2018

    35 Foden Road, South Portland: 40,000-square-foot retail center sold to 35 Foden Road LLC by E.G. Foden Co. for $3.8 million.

    February 3, 2018

  • Avesta report shows low-income housing shortage

    Staff February 2, 2018

    Applications for affordable housing to Avesta Housing, the largest nonprofit affordable housing provider in northern New England, have gone up by 24% since 2014, but the availability of housing for low-income renters has gone down, the organization

    Staff February 2, 2018

  • LePage nominates Gervais to be next MSHA director

    Staff February 2, 2018

    Gov. Paul R. LePage has nominated George Gervais to be director of the Maine State Housing Authority and former MaineHousing Director John Gallagher to serve on the MSHA board of directors.

    Staff February 2, 2018

  • Tyler Technologies unveils $28M expansion

    Staff February 1, 2018

    Tyler Technologies opened its new 95,000-square-­foot campus expansion on U.S. Route 1 in Yarmouth on Wednesday. The $28 million project roughly doubles the company's space at its Yarmouth campus.

    Staff February 1, 2018

  • Maine-based group acquires Old Town pulp mill complex

    Staff February 1, 2018

    OTM Holdings LLC is the new owner of the former Old Town pulp mill complex, with plans to redevelop the site into a wood-fiber-based complex comprised of multiple tenants.

    Staff February 1, 2018

  • cPort Credit Union building new Portland branch on Middle Street

    Staff February 1, 2018

    A new branch office of cPort Credit Union is under construction at 35 Middle St. in Portland. The building, next to Duckfat and Ribollita restaurants, is being built using all Maine-based contractors, including Landry/French Construction and Gawron

    Staff February 1, 2018

  • Housing companies linked to Michael Liberty file for Chapter 11

    January 31, 2018

    Three low-income and senior housing companies with ties to developer Michael Liberty, who was sentenced last August to four months in jail for illegal political contributions, have filed for Chapter 11 reorganization under the federal bankruptcy law.

    January 31, 2018

  • BIW leases more space in east Brunswick

    January 30, 2018

    Bath Iron Works leased a 27,563-square-foot industrial building at 11 Mallet Park Drive from Juniper Holdings. BIW plans to expand into the industrial warehouse space and use it for several operations. BIW already has several buildings in the area

    January 30, 2018

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Today's Poll

Has the federal shutdown affected your air travel plans?
Poll Description

Sponsored by Kennebunk Savings Bank

Over the weekend, thousands of flights were canceled after the new federal restrictions took effect at some of the nation's busiest airports. 

The Federal Aviation Administration ordered airlines to cut flights by 4% at 40 major airports and that percentage is scheduled to increase to 10% by Friday. The FAA cited safety concerns and the need to ease the strain on air traffic controllers, who have been working without pay since the federal government shutdown began last month. 

Airlines warn that the cutbacks could lead to more delays, fewer available seats and higher fares in the days ahead.

Talks are underway to end the federal shutdown, but the timing of the FAA cutbacks adds uncertainty to the Thanksgiving travel rush, which is just two weeks away.

Last year, more than 20 million passengers took to the skies during Thanksgiving week, driving billions of dollars in spending and making it one of the busiest and most economically significant travel periods of the year, according to the U.S. Travel Association.

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