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Real Estate & Construction

  • Real estate data from August 10, 2009 | Building permits, sales and leases from the August 10, 2009, issue of Mainebiz

    October 26, 2009

    Building Permits Bangor (June 2009) $170,000, 80 Farm Road, Richard Campbell, remodeling of auto service center, contractor: Bren Rich Corp.

    October 26, 2009

  • Home sales soar in September

    The Mainebiz News Staff October 25, 2009

    Maine's single-family home market showed more promise of recovery in September, reflecting a sizable increase in the number of sales, while the median price dropped over last year.

    The Mainebiz News Staff October 25, 2009

  • Bar Harbor hotel plans downgraded

    The Mainebiz News Staff October 25, 2009

    Ocean Properties is scaling back its plans for a hotel in Bar Harbor after the town expressed concern over its size.

    The Mainebiz News Staff October 25, 2009

  • Plum Creek approval appealed

    The Mainebiz News Staff October 21, 2009

    Three environmental groups have filed an appeal of the state's approval of Plum Creek Timber Co.'s massive development in the Moosehead Lake region.

    The Mainebiz News Staff October 21, 2009

  • State Senator proposes Bayside bowling alley

    The Mainebiz News Staff October 19, 2009

    Plans for a bowling alley and entertainment complex have been filed in the Portland Planning Division for 58 Alder St., the current home of Skillful Vending Inc.

    The Mainebiz News Staff October 19, 2009

  • Westbrook map co. launches popular iPhone app

    Jackie Farwell October 19, 2009

    Imagine standing on a busy street corner, hitting a button on your iPhone, and seeing a map of that same corner 200 years ago, complete with names of former landowners, yellowed photos of the buildings around you and even information about your fa

    Jackie Farwell October 19, 2009

  • We're not out of the woods | The recession's impact on commercial real estate will be prolonged

    Frank O'connor October 19, 2009

    Capitalization rates have traditionally been the bellwether indicator of commercial real estate values. Prices for investment properties are generally quoted based on cap rates, and buyers use cap rates as an initial test of interest.

    Frank O'connor October 19, 2009

  • Local couple to redevelop former Wausau mill

    The Mainebiz News Staff October 14, 2009

    Wausau Paper's Otis Mill in Jay has been sold to a local couple who plan to turn it into a business and industrial complex.

    The Mainebiz News Staff October 14, 2009

  • Experts: Now's the time to buy commercial property

    Derek Rice October 12, 2009

    The current recession is déjà vu for many veterans of the real estate game who remember the early 1990s. With construction at a virtual standstill and vacancy rates on the rise, the future of that sector seems to be in big trouble.

    Derek Rice October 12, 2009

  • A greener downtown landmark

    The Mainebiz News Staff October 5, 2009

    Tenants of One City Center celebrated energy improvements to their 13-story building today, upgrades that are credited with reducing energy and operating costs by 17%.

    The Mainebiz News Staff October 5, 2009

  • Lewiston cos. fined for violating lead disclosure law

    The Mainebiz News Staff September 30, 2009

    Two developers in Lewiston are facing more than $715,000 in fines for not adequately disclosing the presence of lead paint to some building tenants, including families with children that were found to have high levels of lead in their bodies.

    The Mainebiz News Staff September 30, 2009

  • Sanford construction co. sues Ocean Bank

    The Mainebiz News Staff September 29, 2009

    A Sanford construction company is suing Ocean Bank, alleging the Portsmouth-based bank was negligent after hackers illegally transferred more than $500,000 from the company's bank accounts.

    The Mainebiz News Staff September 29, 2009

  • Marden's gets OK for largest store

    The Mainebiz News Staff September 24, 2009

    Marden's officials received the OK from Scarborough planning board members to locate the discount chain's largest store on Payne Road after agreeing to make at least $200,000 in upgrades to the site.

    The Mainebiz News Staff September 24, 2009

  • August home sales up, prices fall

    The Mainebiz News Staff September 24, 2009

    Maine home sales increased for the third consecutive month in August, but the median sales price continues its downward slide, according to a new report from the Maine Association of Realtors.

    The Mainebiz News Staff September 24, 2009

  • Plum Creek wins regulators' approval

    Mainebiz News Staff September 23, 2009

    State regulators yesterday gave unanimous approval to Plum Creek Timber Co.'s resort and residential development in the Moosehead Lake region, the state's largest development in history.

    Mainebiz News Staff September 23, 2009

  • Quimby reveals plans for Portland artist studios

    The Mainebiz News Staff September 21, 2009

    Philanthropist and Burt's Bees founder Roxanne Quimby has bought a vacant building on Congress Street in Portland that she plans to develop as an artist residency program.

    The Mainebiz News Staff September 21, 2009

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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