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Real Estate & Construction

  • KBS modular plant to close until April

    The Mainebiz News Staff December 14, 2010

    A modular home plant in Waterford has shut down for the season and temporarily laid off 25 workers.

    The Mainebiz News Staff December 14, 2010
  • GMAC foreclosure freeze lifted

    The Mainebiz News Staff December 13, 2010

    A federal judge has allowed GMAC Mortgage Co. to resume foreclosure and eviction procedures in Maine, following a three-week suspension agreement reached between the company and Attorney General Janet Mills.

    The Mainebiz News Staff December 13, 2010
  • UNE gets $7M for athletic center

    The Mainebiz News Staff December 13, 2010

    The University of New England is receiving up to $10 million from the Harold Alfond Foundation to build a new athletic complex in Biddeford and train health care workers.

    The Mainebiz News Staff December 13, 2010
  • Nurturing space | Keeping vacant commercial units in mint condition pays off in a competitive market

    Justin Lamontagne December 13, 2010

    Imagine you are a decision maker for a company looking for new office space. Your company needs about 5,000 square feet with a mix of private offices, open space, a conference area and break room.

    Justin Lamontagne December 13, 2010
  • ORPC hires co. to install tidal power unit

    The Mainebiz News Staff December 9, 2010

    Ocean Renewable Power Co. has hired Perry Marine & Construction to install its tidal turbine unit off the coast of Eastport.

    The Mainebiz News Staff December 9, 2010
  • Giri Hotels buys Waterville property

    The Mainebiz News Staff December 8, 2010

    Freeport-based Giri Hotels has added the Holiday Inn in Waterville to its list of properties in Maine.

    The Mainebiz News Staff December 8, 2010
  • Mega berth construction on track in Portland

    December 7, 2010

    Construction on the new mega berth in Portland's harbor is on schedule in its sixth week, says Jack Parker, president and CEO of the construction company in charge of the project, Reed & Reed of Woolwich.

    December 7, 2010
  • Bayside Village student housing to be sold

    The Mainebiz News Staff December 2, 2010

    Portland student housing development Bayside Village, which was put into receivership this summer because of an unpaid loan, could soon change hands.

    The Mainebiz News Staff December 2, 2010
  • Maine Mall owner appeals property taxes

    The Mainebiz News Staff December 2, 2010

    The owner of the Maine Mall is again appealing the retail center's 2009 property tax assessment, one year after the state denied a similar move.

    The Mainebiz News Staff December 2, 2010
  • Kennebec Journal sells Augusta building

    The Mainebiz News Staff December 2, 2010

    The Kennebec Journal in Augusta will seek new offices following the sale of its 53,000-square-foot building to a mental health counseling agency.

    The Mainebiz News Staff December 2, 2010
  • Hammond Lumber acquires Lewiston co.

    The Mainebiz News Staff December 1, 2010

    Belgrade-based Hammond Lumber has acquired the assets of Pineland Lumber Co. in Lewiston for an undisclosed amount.

    The Mainebiz News Staff December 1, 2010
  • GMAC agrees to freeze foreclosures

    The Mainebiz News Staff November 29, 2010

    GMAC Mortgage LLC, the firm in the center of an ongoing national foreclosure controversy, has agreed to temporarily suspend foreclosure proceedings in Maine.

    The Mainebiz News Staff November 29, 2010
  • Cluster-compatible | With a conservative legacy, innovation clusters represent an opportunity for bipartisanship

    Michael Gurau November 29, 2010

    I’ve noted in a handful of recent articles the Obama administration’s enthusiasm for regional innovation clusters as an organizing framework for sector-based economic growth and job creation.

    Michael Gurau November 29, 2010
  • Home sales continue decline

    The Mainebiz News Staff November 24, 2010

    Home sales in Maine fell for the fourth consecutive month in October, though the median sales price inched up by almost 1%.

    The Mainebiz News Staff November 24, 2010
  • Judge approves Pike, Idexx agreement

    The Mainebiz News Staff November 23, 2010

    A judge yesterday approved a settlement agreement between Pike Industries and Idexx that will allow the construction company to continue operating its Westbrook quarry, with limitations.

    The Mainebiz News Staff November 23, 2010
  • Settlement to fund foreclosure relief

    The Mainebiz News Staff November 23, 2010

    A settlement with mortgage firm Countrywide Financial Corp. has netted Maine more than $200,000 in foreclosure relief funds.

    The Mainebiz News Staff November 23, 2010

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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.