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Portside Real Estate Group acquired a former competitor based in Yarmouth, resulting in a company with combined projected annual sales volume of more than $240 million.
Moravia “Tito” Drice, owner of Tito Masonry and Construction, purchased the 1,156-square-foot building on 0.68 acre at 188 Presumpscott St. in Portland from Tollef Olson, a Maine aquaculture pioneer, for $300,000.
Demand for affordable housing in southern Maine greatly exceeds the available supply, according to Avesta Housing's affordable housing activity report for the first three quarters of 2017.
Developers broke ground on a mixed-use site with low-income housing in Auburn.
476 Stevens Ave., Portland: 4,091-square-foot retail/restaurant property on .16 acre sold to 476 Stevens Ave. LLC by Rock Properties LLC for $1.15 million.
A veteran of the retail automotive business and a former restaurant owner, Louis Rylant of Bedford, N.H., has purchased the Sea Basket Restaurant in Wiscasset for an undisclosed price.
Piper Shores adult living complex in Scarborough unveiled the new 30-unit Holbrook Memory Care and Assisted Living apartment complex, which cost $14 million and took 18 months to build.
Casco Systems broke ground Monday on a new 20,300-square-foot headquarters building at 197 Gray Road in Cumberland seen as a key element in the company's plans for continued growth.
The new owner of the former Griffin Club building, a popular sports bar in the Knightville neighborhood in South Portland, plans to tear down the 5,800-square-foot building constructed in 1900 and rebuild on its footprint.
In a deal that closed in September, Hans Peaslee and Debbie Patterson purchased Mike's Place from Mike and Cynthia Genest. They've reopened the popular local eatery under the new name of Frye House.
Sales of single-family homes in Maine rose by 8.05% this October compared to October 2016, according to the latest monthly gauge released by Maine Listings on Tuesday.
The Portland City Council voted to require contractors working on Tax Increment Financing-funded projects in the city to pay their employees a prevailing wage.
Developer Paul Coulombe has withdrawn plans for development on the east side of Boothbay Harbor.
The opening of Patriot Insurance's new headquarters on U.S Route 1 is the latest in a series of recent business development in Yarmouth that includes Tyler Technologies' $28 million expansion.
The Downeast town of Hancock has applied for two grants, totaling $480,000, to transform a dilapidated tannery for commercial and residential use.
Market Basket, the Massachusetts-based grocery chain that opened in Biddeford in 2013, has replaced Walmart as the anchor store of a new 500,000 shopping center under development in Westbrook. It will be its second location in Maine.
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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Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
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Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
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