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Real Estate & Construction

  • Portland boutique hotel construction delayed

    August 5, 2013

    Yarmouth developer Jim Brady has bought out his business partner’s interest in a 110-room boutique hotel at the former Portland Press Herald building, where construction has been delayed several months to sort out finan

    August 5, 2013

  • Sprague closes Portland waterfront land deals

    August 5, 2013

    Phineas Sprague, owner of the Portland Co. complex near the city’s eastern waterfront, has sold the 10-acre complex to a group of developers to help fund his purchase of a lot on West Commercial Street for a waterfront boatyard. 

    August 5, 2013

  • BIW eyeing tax break for new shipyard building

    August 5, 2013

    Bath Iron Works has plans for a new outfitting building it says will help the General Dynamics subsidiary reduce building costs and stay competitive for Navy contracts.

    August 5, 2013

  • Understand changing office space options

    Justin Lamontagne August 5, 2013

    I once had the pleasure of reading a book by Marshall McLuhan called “Understanding Media,” (OK, it was a grad school assignment, but I am fortunate to have been introduced to such a visionary thinker).

    Justin Lamontagne August 5, 2013

  • TransCanada plans pipeline along Maine border

    August 2, 2013

    The Canadian oil company TransCanada Corp. has plans for a $12 billion pipeline that would run the length of Maine’s eastern border with New Brunswick and could transport up to 1.1 million barrels of crude oil per day.

    August 2, 2013

  • Passadumkeag wind project gets final OK

    August 2, 2013

    A 14-turbine wind project on Passadumkeag Mountain, in Penobscot County, got final approval from the state’s Board of Environmental Protection Thursday.

    August 2, 2013

  • Camden Nat'l income down 1.2% in 2Q

    July 31, 2013

    Camden National Corp. reported $6.3 million in net income in the most recent quarter, a drop of 1.2% from the same period last year.

    July 31, 2013

  • First Wind gets OK on 18-turbine project

    July 30, 2013

    First Wind will build 18 more wind power turbines in northeastern Hancock County, adding to its adjacent 19-turbine wind farm on Bull Hill.

    July 30, 2013

  • Sigfridson moves up at CBRE | The Boulos Co.

    July 29, 2013

    Drew Sigfridson, a partner in CBRE | The Boulos Co., has been named managing director of the commercial real estate broker’s offices in Portland and Portsmouth, N.H. He was a principal at the company.

    July 29, 2013

  • PHA eyes federal funds for Bayside project

    July 29, 2013

    The Portland Housing Authority plans to use federal tax credits and federal funding to fund a $7 million 42-unit housing project in Portland’s Bayside neighborhood.

    July 29, 2013

  • Home sales, prices jump in June

    July 23, 2013

    Single-family home sales in Maine rose 6.4% in June compared with one year ago as the median sales prices of those homes also continue to rise.

    July 23, 2013

  • Workers gain ownership stake in Sargent Corp.

    James McCarthy July 22, 2013

    On May 1, Herb R. Sargent, president and sole owner of Sargent Corp., sold the Stillwater-based heavy construction firm to its employees through an Employee Stock Ownership Plan.

    James McCarthy July 22, 2013

  • Investors drive boom in multifamily home sales

    Lori Valigra July 22, 2013

    Multifamily homes are selling as soon as they hit Portland's hot housing market, spurred by high demand for rental units and millennials seeking passive income, home equity and an alternative to the stock market.

    Lori Valigra July 22, 2013

  • BlueTarp gets $15M infusion to expand credit line

    Darren Fishell July 18, 2013

    BlueTarp Financial, a Portland-based trade credit and marketing services firm for the building supply industry, has raised $15 million through an equity offering that will increase its line of credit as the company continues to expand.

    Darren Fishell July 18, 2013

  • Changing times change assessing tools

    Douglas Rooks July 15, 2013

    Professional assessor John O'Donnell, owner of John E. O'Donnell Associates in New Gloucester, points with pride to a contract he just inked with Gilead, a town of just 175 residents, bisected by Route 2 along the New Hampshire border.

    Douglas Rooks July 15, 2013

  • Coffee By Design expanding in East Bayside

    July 15, 2013

    Portland-based Coffee By Design has started construction on a 40,000-square-foot expansion to expand production for the company's wholesale operation and open a fourth downtown retail location.

    July 15, 2013

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Today's Poll

Does cruise ship season help your business?
Poll Description

Sponsored by Kennebunk Savings Bank

Maine's cruise ship season is in full swing, running from late September through early November. Thousands of passengers are expected to visit Portland, Bar Harbor, Eastport or Rockland.

This week alone, Portland is set to welcome around 16,000 cruise ship passengers.

But as the season ramps up, it's bringing mixed reviews. Some locals brace for the crowds and many business owners say cruise ship visitors don't spend much while in the port. Other business owners argue that, even if cruise ships don't benefit their own coffers, they still benefit the overall economy.

When we asked this question in 2023, Mainebiz respondents, 21% said the visits bring customers and revenue, while only 18% said the visits don't help their business.

More than half of the respondents, 53%, said cruise ships benefit the overall economy, 

More Information