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Auburn-based H.E. Callahan Construction Co. will lead construction on a new banking center for Northeast Bank. The new site still needs regulatory approval, but plans call for at site at 836 Center St. in Auburn.
The move, planned since late 2022, is more central to downtown Sanford, the developed areas of the community, and a region that includes York County and southern New Hampshire.
The city is seeking an adaptive reuse of the property and is looking for proposals with commercial, residential or mixed-use goals.
A roundup of Maine's commercial real estate leases from the month of February 2024.
The acquisition of Augusta-based Turf Doctor will give Washington State-based Senske Services a foothold in New England.
Portland-based Simply Homes sees an opportunity to help solve the problem while earning a healthy return in a segment of the housing market that most institutional investors have ignored.
Eric Ritchie, chief operations officer, will succeed Herb Sargent as president, while Sargent will remain CEO and board chair.
The expanded facility will add 11 full-time positions and grow capacity by 17%. Construction is underway, and the new facility is scheduled to open in April.
MEREDA's annual Forecast Conference and Member Showcase presented a mixed outlook for the year in many categories, including hospitality, commercial, residential and multifamily projects.
A roundup of new hires, promotions and achievements from businesses, nonprofits, health care organizations and professional services firms around Maine.
The relatively snow-free winter weather has been a challenge for outdoor recreation sites, but construction firms are making good use of the milder weather.
The Bangor area is facing an increase in its homeless population. The MEREDA conference aims to bring together "a diverse range of perspectives to foster open and honest dialogue, compassion and innovative solutions."
As one of more than 150 franchises across the U.S. and Canada, the new location includes brightly colored walls and surfboard benches. The owners say they plan to add 40 jobs.
Every week in the Tuesday Real Estate Insider, Mainebiz compiles a list of commercial real estate sales. Here is a compilation of sales published in February 2024.
With traditional office vacancies growing, a Swiss company is rapidly acquiring new locations, while enabling property owners to monetize vacant space.
Alice Yardley, founder of Vibrant Handbags, leased retail space at 99 Exchange St. in Portland, moving from Washington Avenue.
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,
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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