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Real Estate & Construction

  • Home sales up, prices still down

    Mainebiz News Staff July 24, 2009

    Home sales in Maine are on the rise, but average home sales prices are still down compared with last year.

    Mainebiz News Staff July 24, 2009

  • Report predicts rocky market post-BNAS

    Mainebiz News Staff July 23, 2009

    A consultant has recommended the Midcoast Regional Redevelopment Authority acquire the land underneath the Navy housing units in order to lessen the impact of the Brunswick Naval Air Station's closing on the housing market.

    Mainebiz News Staff July 23, 2009

  • Wharf hotel project on hold

    Jackie Farwell July 21, 2009

    A Portland developer has suspended plans for a $40 million luxury hotel project on a Commercial Street wharf.

    Jackie Farwell July 21, 2009

  • Scarcelli announces run for guv

    Mainebiz News Staff July 21, 2009

    Portland property manager Rosa Scarcelli is the latest Maine business person to toss her hat into the gubernatorial ring.

    Mainebiz News Staff July 21, 2009

  • Auburn developer buying BNAS housing

    The Mainebiz News Staff July 14, 2009

    Auburn developer George Schott has confirmed that he is the local buyer negotiating to buy 702 units of military housing at the Brunswick Naval Air Station.

    The Mainebiz News Staff July 14, 2009

  • Rail rebound?: Developers remain optimistic about the Downeaster expansion despite a funding flux

    Mindy Favreau July 13, 2009

    Correction: The Northern New England Passenger Rail Authority is still in the running for a $35 million loan from the Federal Rail Administration, and is also pursuing a grant for the same amount.

    Mindy Favreau July 13, 2009

  • State bans foreclosure rescue cos.

    The Mainebiz News Staff July 8, 2009

    State regulators yesterday banned 15 out-of-state foreclosure rescue companies from doing business in Maine for taking fees from consumers but doing nothing to help them avoid foreclosure.

    The Mainebiz News Staff July 8, 2009

  • Reed & Reed lands Mass wind project

    The Mainebiz News Staff July 8, 2009

    Reed & Reed in Woolwich has been selected to build a $10 million wind power project in Massachusetts.

    The Mainebiz News Staff July 8, 2009

  • Real estate data from May 18, 2009 | Building permits, sales and leases from the May 18, 2009, issue of Mainebiz

    July 6, 2009

    Building Permits Ellsworth (April 2009) $5,333,000, Downeast Highway, Hampton Inn, construction of new building, contractor: N/A

    July 6, 2009

  • Correct Building bankrupt, seeks sale

    Carol Coultas July 2, 2009

    Correct Building Products LLC, a 10-year-old composite decking company in Biddeford, has filed for bankruptcy and says its only salvation will come from a proposed sale to a subsidiary of Wayne, N.J.-based Building Materials Corporation of America

    Carol Coultas July 2, 2009

  • Lafayette scoops up second Portland hotel

    Jackie Farwell July 2, 2009

    Lafayette Hotels Group, the Bangor-based hotel chain that bought Portland's Holiday Inn By the Bay in May, has acquired the Holiday Inn-Portland West for an undisclosed sum.

    Jackie Farwell July 2, 2009

  • Cianchette accepts Cianbro job

    The Mainebiz News Staff July 2, 2009

    Peter Cianchette, a 2002 gubernatorial candidate and former U.S. ambassador to Costa Rica, has returned to Maine and the Cianbro payroll.

    The Mainebiz News Staff July 2, 2009

  • Bright ideas | Saving energy in commercial buildings is good for Mother Earth and the expense sheet

    Justin Lamontagne June 29, 2009

    The “green building” movement is not going away. That was the overwhelming message of this year’s Maine Real Estate & Development Association spring conference at the University of Southern Maine’s Abromson Center in Portland.

    Justin Lamontagne June 29, 2009

  • May home sales up 44% from April

    The Mainebiz News Staff June 24, 2009

    May home sales in Maine increased 44% from the month before, but were still 9.5% less than the number of homes sold in May 2008, according to the Maine Association of Realtors.

    The Mainebiz News Staff June 24, 2009

  • Buyer named for Press Herald property

    Mainebiz News Staff June 18, 2009

    A Portland developer intends to buy the Portland Press Herald's downtown property.

    Mainebiz News Staff June 18, 2009

  • Connor puts Press Herald buildings on the market

    Whit Richardson June 16, 2009

    Richard Connor, the new owner of the Portland Press Herald, is seeking to sell the newspaper's downtown buildings immediately, according to the newspaper.

    Whit Richardson June 16, 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.

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