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Real Estate & Construction

  • Former Press Herald building eyed as boutique hotel

    August 3, 2012

    Two developers have signed a purchase-and-sale agreement to buy the former Portland Press Herald Building at 390 Congress St. The building is near the historic Old Port District and across the street from City Hall.

    August 3, 2012

  • Plum Creek reports $36 million in Q2 earnings

    July 31, 2012

    Plum Creek Timber Co. Inc., the Seattle-based land and timber company that is one of the largest private landowners in Maine, announced second quarter earnings of $36 million, or $0.22 per diluted share, on revenues of $294 million.

    July 31, 2012

  • Major Ellsworth retail space for sale for $8.2M

    July 25, 2012

    The New Jersey owner of a major shopping center in Ellsworth has put it and two neighboring properties up for sale for nearly $8.2 million.

    July 25, 2012

  • RE/MAX By the Bay opens new Portland offices

    July 24, 2012

    RE/MAX By the Bay recently opened two new offices in Portland, including a space on Veranda Street that used to be its home more than a decade ago.

    July 24, 2012

  • Cross Insurance buys Bangor arena naming rights

    July 23, 2012

    The 8,000-seat arena under construction in Bangor will be named the Cross Insurance Center when it's completed next fall. The Bangor-based company paid $3 million for long-term naming rights for the facility.

    July 23, 2012

  • Property managers are a smart investment

    Justin Lamontagne July 23, 2012

    I will never forget the day a rather colorful professor of mine at Boston University wrote on the blackboard, “K.I.S.S.” It was in response to a question on how to write a paper on a particularly complicated economics topic. K.I.S.S.

    Justin Lamontagne July 23, 2012

  • A Belfast manufacturer rehabs a former BNAS building to test high-efficiency technology

    Matt Dodge July 23, 2012

    When the U.S.

    Matt Dodge July 23, 2012

  • Metal is taking more of the roofing market as competition grows

    Sara Anne Donnelly July 23, 2012

    Three years ago, Everlast Roofing of Bridgton heard a competitor was about to buy a machine that would allow it to cut and shape sheet metal for roofs. So it took a leap and beat them to it.

    Sara Anne Donnelly July 23, 2012

  • Renewed activity, especially in the Portland market, bodes well for Maine development

    Drew Sigfridson Principal, Cbre|the Boulos Co., And President Of Maine Real Estate And Development Association July 23, 2012

    As the new president of the Maine Real Estate and Development Association, I have become more keenly aware of the challenges and difficulties in developing commercial and residential projects in Maine.

    Drew Sigfridson Principal, Cbre|the Boulos Co., And President Of Maine Real Estate And Development Association July 23, 2012

  • June home sales up 26%

    July 20, 2012

    The Maine Association of Realtors reports home sales in Maine are up by 26% from a year ago, while prices have increased by about 2%.

    July 20, 2012

  • Developer plans $4.5M retail complex in Bangor

    July 18, 2012

    A South Portland-based developer is planning a 65,000-square-foot retail plaza off Stillwater Avenue in Bangor and has nailed down one tenant -- a Buffalo Wild Wings restaurant.

    July 18, 2012

  • Gardiner contractor sues state over unpaid invoice

    July 16, 2012

    A Gardiner-based contractor has sued the state for alleged nonpayment for repair work done at Camp Keyes, the Maine Army National Guard headquarters in Augusta.

    July 16, 2012

  • 'Bridge in a backpack' gets important approval

    July 16, 2012

    The "bridge in a backpack," a composites bridge developed by the University of Maine, received a key approval from a national transportation nonprofit that could advance efforts to expand its commercialization. U.S. Sen.

    July 16, 2012

  • Times Record's owner reorganizes

    July 13, 2012

    The parent company of The Times Record in Brunswick has announced a reorganization that will put its building and printing division under the ownership of a new company.

    July 13, 2012

  • Maine gets $14M for housing programs

    July 12, 2012

    The U.S. Department of Housing and Urban Development has awarded Maine more than $14 million for affordable housing.

    July 12, 2012

  • Defunct paving co. faces second lawsuit

    July 12, 2012

    A second company has sued now-defunct R.C. & Sons Paving in Lewiston. Cote Corp., an Auburn-based crane and rigging company, said R.C. & Sons failed to pay for work Cote performed earlier this year.

    July 12, 2012

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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.

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