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AMEC, an international engineering and project management company based in Pennsylvania, said today it has acquired OEST Associates Inc. in South Portland.
A Portland-based broker has taken over a stalled project for a commercial development in downtown Bath.
Walking into an old Gothic church evokes a visceral response. These well-worn places of worship, so often drafty and gloomy, can cause a creeping chill, or perhaps lead to a twinge of reassurance and a lifting of the spirit.
Many a smart investor has said, “You make money when you buy.” These words of wisdom are appropriate in our current economic cycle.
A drastic rise in liquid asphalt prices means Maine drivers are in for a bumpy ride, and some fear that deteriorating roads could also put a brake on the state’s economy.
The housing market has careered into rocky territory, bringing along with it the careers of plenty of real estate professionals. Although the values of many homes are falling, buyers are cautious. The result: Houses are mildewing on the market.
Though the closure of the Brunswick Naval Air Station is still a little less than three years out, plans to redevelop the 3,200-acre base are moving forward.
As the nation struggles through a rough patch that has already bruised the construction industry, the answer to meeting these new challenges in Maine may lie in our local workforce.
Building Permits Augusta (September 2008) $3,196,665, 144 State St., Diocesan Bureau of Housing, new housing construction, contractor: N/A
Building permits Auburn (September 2008) $2,000,000, 58 Airport Dr., Nobility LLC, new construction, contractor: Hebert Construction LLC
Dan McKenna, president of Hilltop Log and Timber Homes, admits that growing his company in the midst of an economic downslide seems risky — especially when that downslide includes the faltering housing market and your company sells homes.
Founded: January 2008Employees: Pollard and five independent contractorsStartup costs: $10,000Projected revenue, year one: $250,000
A proposal to build a dock for cruise and ferry ships in Saco Bay has run aground now that Saco city administrators say the developer's rights to the property have expired.
Developer Arthur House has unveiled plans to turn the former Stinson Seafood Co. property in Belfast into a hotel, restaurant and retail complex.
Maine has received $19.6 million in federal funds to help communities buy and resell homes in foreclosure, according to the Portland Press Herald.
The reuse plan for the Brunswick Naval Air Station has been approved by the U.S. Department of Housing and Urban Development, a necessary step in clearing the way for the base to be converted into private property.
Sponsored by Kennebunk Savings Bank
The federal government shut down at midnight on Oct. 1 over a budget stalemate. The standoff in Washington comes on top of changing policies on tariffs and trade.
The shutdown curtailed the release of monthly reports on the country's trade balance, consumer prices, retail sales and producer price. In Maine, much of the Acadia National Park staff was put on furlough, though roads and campgrounds were still accessible.
The last shutdown stretched over 35 days from Dec. 22, 2018, to Jan. 25, 2019.
A shutdown of less than two weeks is "unlikely to have a material impact on the economy or household finances," the president of a Maine credit union told Mainebiz last week.
But there's growing anxiety over how a protracted shutdown would affect the 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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