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Real Estate & Construction

  • Regency Hotel seeks 'luxury' market with $2.8M renovation

    Matt Dodge May 8, 2012

    The Portland Regency Hotel will unveil a $2.8 million renovation this month, complete with a new roof, renovated rooms, suites and the addition of balconies to the building's fourth floor.

    Matt Dodge May 8, 2012
  • Report: Construction jobs down in Portland

    May 8, 2012

    Construction employment dropped 8% in the Portland metro area, according to data from the Associated General Contractors of America. AGC releases monthly construction employment reports for all 50 states and major metro areas.

    May 8, 2012
  • Kittery business owner floats water taxi idea

    May 7, 2012

    A southern Maine restaurant owner and tour boat captain has proposed a water taxi to ferry people between Kittery and Portsmouth while a new Memorial Bridge is under construction.

    May 7, 2012
  • Former base land deal finalized

    May 7, 2012

    Developer George Schott has bought the land beneath former Brunswick Naval Air Station housing for $3.35 million.

    May 7, 2012
  • Shipyard housing owners settle EPA claim

    May 2, 2012

    Two housing providers for the Portsmouth Naval Shipyard in Kittery and a Navy base in Connecticut have settled with the U.S. Environmental Protection Agency over complaints that they didn't tell military families of possible lead-paint hazards.

    May 2, 2012
  • Maine homebuyers are embracing a trend toward smaller houses

    Bob Mentzinger April 30, 2012

    Add up $4-a-gallon heating oil. Subtract historically low mortgage rates. Divide by the worst housing crash in a century. Multiply by a nervous job market. And what do you get?

    Bob Mentzinger April 30, 2012
  • Some sectors show promise as construction rebounds from the recession

    Michael Bosse Partner And Chair Of The Construction Practice Group At Bernstein Shur, Portland April 30, 2012

    National recessions tend to affect New England later and with less severity than the rest of the country. It also takes New Englanders longer to pull themselves out of recession.

    Michael Bosse Partner And Chair Of The Construction Practice Group At Bernstein Shur, Portland April 30, 2012
  • Your property's environmental well-being will affect its market value in multiple ways

    Justin Lamontagne April 30, 2012

    Trichloroethene. Dichloreothene. Tetrachloroethene. These terms were not covered in Real Estate 101. But they should have been and, in the not too distant future, they probably will be.

    Justin Lamontagne April 30, 2012
  • Art or science?

    Randolph Glennon President Of Eastern Appraisal & Consulting, Portland April 30, 2012

    Most business owners and their advisers are occasionally dependent on commercial property appraisals. “Bewildering” sometimes describes the process ... and the outcome.

    Randolph Glennon President Of Eastern Appraisal & Consulting, Portland April 30, 2012
  • Hancock Lumber takes advantage of global demand for Maine's prized tree

    Matt Dodge April 30, 2012

    Growing up to 150 feet tall, the Eastern white pine tree is a hallmark of the Maine landscape. The tallest tree in eastern North America, Eastern whites were once known as "mast pines" and were reserved for the British Royal Navy.

    Matt Dodge April 30, 2012
  • Auburn nets $1.7M for technology park

    April 25, 2012

    The city of Auburn is receiving $1.7 million in federal funds to pave the way for a new, 119-acre technology industrial park. U.S. Rep. Mike Michaud announced yesterday the city and the Auburn Business Development Corp.

    April 25, 2012
  • Cianbro plans energy facility at former radar station

    April 24, 2012

    Pittsfield-based Cianbro Corp. is one of three New England companies that have purchased a former U.S. Air Force radar station in Somerset County, with plans to use it to generate energy.

    April 24, 2012
  • Home sales rise, price inches up

    April 23, 2012

    Home sales last month rose double digits, while the median sales price managed to also inch up, marking the first price increase since July 2011.

    April 23, 2012
  • Katahdin landowner to sell nearly 1,200 acres

    April 18, 2012

    A major landowner in the Katahdin region is planning to sell more than 700 lots, or nearly all of its 1,200 acres in the region. Most of the lots have lakefront camps and are valued between $75,000 and $400,000.

    April 18, 2012
  • New hangar approved for Sanford Regional Airport

    April 13, 2012

    The town of Sanford recently signed a lease with a company to build a new, eight-unit hangar building at the Sanford Regional Airport.

    April 13, 2012
  • Pittsfield hospital plans $12M renovation

    April 11, 2012

    Sebasticook Valley Health in Pittsfield is undergoing a $12 million renovation to improve its medical and surgical facilities and its boilers.

    April 11, 2012

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Today's Poll

Does cruise ship season help your business?
Choices
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.