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Gurnet Real Estate Group, a real estate investment and management firm with offices in Boston and Portland, acquired Wenbelle Apartments in an off-market deal for an undisclosed purchase price
Renovations include installation of an eight-bay service shop, a showroom and tire warehouse.
Every week in the Thursday Real Estate Insider, Mainebiz compiles a list of commercial real estate leases. Here are the leases we published in May.
The Gorham-based construction firm builds a wide range of projects, from residential to municipal to commercial. The mixed-use build in Auburn is the first project in the region that the firm is also developing and will continue to own.
Portland’s 50-year-old Riverton Park neighborhood will see significant upgrades to 141 apartments, along with the addition of 64 new units of affordable housing.
The arts-and-culture nonprofit acquired the purpose-built studio building it’s occupied since 2019.
The private school, which paid $5.25 million for 350 U.S. Route 1, says it will house students and faculty in the complex, which is walking distance to the main campus in Yarmouth.
HUD funds can be used to construct and rehabilitate affordable housing, improve public services and address homelessness.
The new boutique Kelp, at 37 Old Orchard St., is owned and operated by the owners of Cafe 64, a coffee shop.
Funds will cover some of the costs for emergency repairs to roads and transportation infrastructure damaged by severe storms that shook the state between April 2023 and January 2024.
Property amenities include onsite walking trails, indoor bicycle storage and a community room.
The site, located on heavily traveled Western Avenue, had seen a number of redevelopment proposals fizzle over the years.
The mix of retail and housing offers a respite from the busy U.S. Route 1 commercial corridor.
To meet these goals, Maine is going to need further funding and technical support from state government, input and tracking from municipalities, and work at both the state and local level — by community officials and citizens — to streamline the
Goals include attracting diverse demographics traditionally underrepresented in the industry and providing paths both to entry and to lifelong professional development.
Real estate coverage is a staple for many business publications, including this one.