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Real Estate & Construction

  • Downtown Augusta's redevelopment was a long time coming

    By Maureen Milliken January 30, 2018

    Four bars and restaurants and six other businesses have opened in downtown Augusta since mid-2016, joining 34 new apartments and a feeling that "downstreet" is coming into its own in the capital city.

    By Maureen Milliken January 30, 2018
  • New use for vacant South Portland building

    January 30, 2018

    Three businesses are leasing 5,293-square foot building at 185 Cottage Road in a deal brokered by Craig Church of Magnusson Balfour of Portland, representing the landlord, Berkeley Properties. The long-empty South Portland building will soon house a

    January 30, 2018
  • UMaine board endorses preliminary plan to demolish 3% of campus facilities

    Staff January 30, 2018

    The University of Maine System Board of Trustees unanimously approved a preliminary plan to knock down up to 300,000 gross square feet of vacant or obsolete space on its campuses.

    Staff January 30, 2018
  • Maine home sales in 2017 at 20-year high

    Staff January 29, 2018

    Despite tight inventory of single-family existing homes for sale at the beginning of 2017, statewide sales volume for the year ended in positive territory, with a 0.72% increase.

    Staff January 29, 2018
  • Sale of Ocean Gate Resort signals confidence in Boothbay economy

    Laurie Schreiber January 28, 2018

    Thad Paul, who heads up The Wardman Group, a real estate investment firm in Washington, D.C., purchased the Ocean Gate Resort at 70 Ocean Gate Road in Southport on Dec. 1, 2017. He says the Boothbay Region's growing visitor market is one of the

    Laurie Schreiber January 28, 2018
  • CarMax opens first store in Maine

    Staff January 26, 2018

    CarMax Inc. (NYSE: KMX), the nation's largest retailer of used cars, opened its first store in Maine, at 415 Maine Mall Road in South Portland.

    Staff January 26, 2018
  • Professional offices to fill Best Buy vacancy at Topsham Fair Mall

    January 25, 2018

    Reflecting new uses for traditional mall retail spaces, plans are underway for three medical and professional offices to fill the Best Buy and Dollar Tree vacancies at the strip mall at 105 Topsham Fair Mall Road.

    January 25, 2018
  • Toys 'R' Us closing two retail stores in Maine

    January 24, 2018

    Toys 'R' Us announced on Jan. 23 it would be closing two retail stores in Maine as part of its bankruptcy reorganization plans involving closures of up to 182 stores nationwide.

    January 24, 2018
  • Historic Orono church converted into reception and performing arts space

    January 24, 2018

    An Orono couple has transformed the former St. Mary's Catholic Church in downtown Orono into Old St. Mary's Reception Hall, a venue that includes space for musical and theatrical performances.

    January 24, 2018
  • Portland area's tight industrial space market is 'economic crisis'

    Maureen Milliken January 23, 2018

    Justin Lamontagne, a partner and broker with NAI The Dunham Group, reported at the annual MEREDA Forecast Conference recently that vacancies are at an all-time low in the Portland area industrial space market, with businesses like medical marijuana

    Maureen Milliken January 23, 2018
  • Dunstan Tap & Table restaurant to open in spring

    Staff January 23, 2018

    Dunstan Tap & Table restaurant, the first substantial commercial development at Scarborough's Dunstan Crossing residential and commercial development, is under construction and should open in the spring. The 90-seat restaurant, located at 1000

    Staff January 23, 2018
  • Former tire warehouse in Gorham gets two new tenants

    Staff January 23, 2018

    The former Maine Industrial Tire warehouse at 9 Laurence Drive in Gorham has two new tenants, which have helped fill out the 47,000-square foot building. Brock Services LLC, a construction services firm, leased 13,843 square feet of the building and

    Staff January 23, 2018
  • Dollar stores are expanding their footprint in Maine

    Renee Cordes January 22, 2018

    Husson University's Brien Walton likes visiting dollar stores for research purposes.

    Renee Cordes January 22, 2018
  • In a tight labor market, contractors strategize to meet demand

    Laurie Schreiber January 22, 2018

    Pooling resources with another contractor is the strategy employed by Landry/French Construction and others to employ Maine workers on Maine jobs.

    Laurie Schreiber January 22, 2018
  • Former mill site in Augusta: A blank slate waiting for developer to make something happen

    Maureen Milliken January 22, 2018

    The 17-acre site that for 150 years housed paper mills on the east bank of the Kennebec River in Augusta has an eye-catching view of downtown and the State House downstream, is close to Route 3 and access to Interstate 95 upstream. A developer's

    Maureen Milliken January 22, 2018
  • Broker oversees sale of historic Portland building designed by his great-great-grandfather

    January 21, 2018

    The $2.1 million sale of 22 Monument Square, a 22,932-square-foot Class B office building in Portland's Arts District, involves a historic 1913 building was designed by Portland architect John Calvin Stevens. The deal was co-brokered by his great-

    January 21, 2018

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Has the federal shutdown affected your air travel plans?
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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.