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Real Estate & Construction

  • Windham motel aiming for year-round clientele

    Laurie Schreiber July 9, 2017

    Scott Smith and his two business partners, brother Kurt Smith and Marc Cole, purchased the Northeastern Motel in Windham from Saronis Corp., for $690,000. Their business plan aims to leverage its location on a highly trafficked corridor to the

    Laurie Schreiber July 9, 2017

  • Real Estate Transactions August 2017

    July 7, 2017

    480 Congress St., Portland: 11,000-square-foot office building sold to Ashby Team LLC by The Buzz LLC for $1.275 million. Sylas Hatch and Tom Moulton from NAI The Dunham Group brokered the sale, which closed July 21, 2017.

    July 7, 2017

  • Investors buy 400 housing units at former Navy base, plan to add 200 more

    July 6, 2017

    More than 400 units of former military housing in Brunswick and Topsham have been sold by Midcoast Affordable Housing, a company owned by Auburn developer George Schott, to a group of investors.

    July 6, 2017

  • Harpswell construction firm files for bankruptcy

    July 5, 2017

    Potvin Construction Inc. in Harpswell has filed for Chapter 7 bankruptcy, with its owner, Steven Potvin, and former co-owner, Cindy Potvin, also filing separately for personal Chapter 7 bankruptcy.

    July 5, 2017

  • Sanford mill to be demolished

    June 29, 2017

    Following the June 23 fire that destroyed the rear tower of the former Stenton Trust mill in Sanford, town councilors have called for demolishing the entire building.

    June 29, 2017

  • Cianbro lands $23M contract for work at Kittery shipyard

    Staff June 28, 2017

    The U.S. Navy has awarded Cianbro Corp. a $23 million contract for improvements to a dry dock at the Portsmouth Naval Shipyard in Kittery.

    Staff June 28, 2017

  • Australian company buys Saddleback, plans investments at mountain resort

    Staff June 28, 2017

    An Australian company has agreed to buy Saddleback Mountain Resort from the Berry family, giving the ski resort new life after being closed two seasons.

    Staff June 28, 2017

  • Hartley Block construction to reverse blighted downtown Lewiston parcel

    Laurie Schreiber June 28, 2017

    A block of historic buildings in downtown Lewiston that were destroyed by arson a decade ago are the site of a major redevelopment project to be called The Hartley Block, which will include a 63-unit apartment building and 4,000 square feet of

    Laurie Schreiber June 28, 2017

  • MMC's $10.75M purchase in Westbrook puts eight offices under one roof

    Laurie Schreiber June 26, 2017

    Maine Medical Center's purchase of Westbrook's largest office building — six stories and 130,726 square feet — allows the health care provider to consolidate information services and other administrative functions that are currently spread across

    Laurie Schreiber June 26, 2017

  • Charges of arson in Sanford mill fire

    June 26, 2017

    Arson is suspected in Friday's fire at the former Goodall textile mill in Sanford, with the Portland Press Herald reporting today that three boys have been charged with arson.

    June 26, 2017

  • Maine home sales decline in May, but prices go up

    Staff June 26, 2017

    Lower-than-normal inventory of existing single-family homes in Maine led to an 8.85% decline in May sales.

    Staff June 26, 2017

  • Calif.-based LED manufacturer relocates to southern Maine

    Staff June 22, 2017

    Cirrus LED Systems, a worldwide leader in LED technology and a member of the Inc. Magazine list of fastest-growing private companies in the nation, has relocated its headquarters and manufacturing operations from San Francisco to Saco.

    Staff June 22, 2017

  • In tight industrial market, even unlisted properties sell

    Laurie Schreiber June 18, 2017

    A 42,000-square-foot warehouse/storage building, at 360 Civic Center Drive in Augusta, was never listed.

    Laurie Schreiber June 18, 2017

  • 100-home development in Portland's Stroudwater opposed

    June 16, 2017

    Although Portland councilors approved a zoning change that would allow about 100 new homes to be built at the old Camelot Farm property in the Stroudwater section of Portland, neighbors expressed opposition to the development.

    June 16, 2017

  • Leverage your options

    Justin Lamontagne June 12, 2017

    Good or bad, there is no denying that in today's fast-paced, short attention span society, we have a lot of options. Options for television shows. Options for news sources. Options for dinner. Every day we make dozens of decisions.

    Justin Lamontagne June 12, 2017

  • Biddeford's renaissance attracts small-business investor

    Laurie Schreiber June 11, 2017

    The purchase of two small buildings here might seem insignificant in the grander world of million-dollar commercial real estate transactions. But the investment adds to the evidence of Biddeford as a city undergoing a renaissance.

    Laurie Schreiber June 11, 2017

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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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