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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.
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.
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.
Developer George Schott has bought the land beneath former Brunswick Naval Air Station housing for $3.35 million.
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.
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?
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.
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.
Most business owners and their advisers are occasionally dependent on commercial property appraisals. “Bewildering” sometimes describes the process ... and the outcome.
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.
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.
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.
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.
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.
The town of Sanford recently signed a lease with a company to build a new, eight-unit hangar building at the Sanford Regional Airport.
Sebasticook Valley Health in Pittsfield is undergoing a $12 million renovation to improve its medical and surgical facilities and its boilers.
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.
The 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.
Learn MoreWork 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.
Learn MoreWhether 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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