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Real Estate & Construction
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Portland developer Reveler fulfills 1031 exchange with 2 property deals
Updated: March 25, 2024The seller retains a leaseback on both properties for his architecture and construction firm Barrett Made. The deal between buyer and seller came about naturally as near-neighbors on Hanover Street.
Updated: March 25, 2024
Home prices continue to increase in Maine, but now sales volume is also up
March 22, 2024After 31 months of year-over-year declines in the number of sales, February showed an increase over the sales volume from a year ago.
March 22, 2024
In wake of January storms, Maine's fish wharves and working waterfronts are starting to rebuild
March 21, 2024"Our storage room was completely flooded," said one wharf owner after the back-to-back tempests. "We had floating propane tanks." Grants from the Island Institute will help rebuild infrastructure that's relied upon by 1,195 commercial vessels.
March 21, 2024
Fishing groups pile on against feds’ wind energy area
March 20, 2024Fishery associations said the designation of the area “is the culmination of a rushed development process.” The federal the Bureau of Ocean Energy Management has said the area was selected after extensive stakeholder engagement.
March 20, 2024
Maine brokers talk about how National Association of Realtors might change home-buying here
Updated: March 21, 2024Last week the National Association of Realtors agreed to pay $418 million to settle class-action lawsuits over brokerage fees. Mainebiz asked local brokers what changes home buyers in Maine might see.
Updated: March 21, 2024
Maine lighthouses, threatened by extreme weather, nominated to world monuments watch group
March 18, 2024“Intentionally built in harm’s way hundreds of years ago, they are threatened today by one of the most rapidly changing and volatile bodies of water on the planet,” said Tara Kelly with Maine Preservation.
March 18, 2024
Feds' proposed site for offshore wind gets mixed grades from labor, lobster trade groups
March 18, 2024Labor groups back a federal designation of an offshore wind site in the Gulf of Maine, but the Maine Lobstermen’s Association still has concerns.
March 18, 2024
Benchmark Real Estate’s latest hires bring marketing and brokerage experience
Updated: March 18, 2024The new hires bring experience in graphic design and in the Denver property renovation market.
Updated: March 18, 2024
'Very rare': Robbins Lumber looks to sell 100-acre Hancock mill for $2.5M
March 15, 2024The listing went live this week and has already garnered inquiries from owner-users and investors. Robbins Lumber acquired the plant last year from Pleasant River Lumber Co.
March 15, 2024
Legacy Properties has a record year of giving
Updated: March 18, 2024Participating agents contribute a portion of their commissions to the program, and many visit the organizations and deliver the donations.
Updated: March 18, 2024
Texas business owner scoops up grocery in prime location near Acadia
Updated: March 18, 2024The buyer owns over 200 stores across the U.S. and is looking to add more in Maine. The Hulls Cove store dates to the 1960s and is in good condition.
Updated: March 18, 2024
Bangor International Airport begins $59M of terminal, runway improvements
March 14, 2024Two major projects will get underway in April: a complete rehab of the airport runway, and construction that will connect the domestic and international terminals.
March 14, 2024
With $5.2M in recent storm damage, Maine's trail system is looking to become more resilient
March 14, 2024“Our economy is based on recreational tourism,” said one trail boss. “Impacts to our networks resulting in damaged and closed corridors degrade the user experience, possibly leading to fewer user visits in 2024.”
March 14, 2024
Business Leaders: The Ecology School’s Drew Dumsch transforms environmental learning
Updated: March 18, 2024Among the 2024 Business Leaders of the Year is the leader of the Ecology School, a nonprofit environmental living and learning center in Saco. Drew Dumsch has been directing the school through a transformation mode.
Updated: March 18, 2024
Business Leaders: Jonathan and Catherine Culley haven’t shied from developing housing in Portland
Updated: March 18, 2024The 2024 Business Leaders of the Year include Jonathan and Catherine Culley, who are adding much-needed housing in Portland. They've developed roughly 500 apartments in the past six months alone.
Updated: March 18, 2024
Business Leaders: At TimberHP, Joshua Henry, Matthew O'Malia drive change in a legacy industry
Updated: March 18, 2024The 2024 Business Leaders of the Year include the two founders of TimberHP, which is bringing a new form of building insulation to the United States and in the process, creating jobs and a healthier planet.
Updated: March 18, 2024
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