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Real Estate & Construction
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Unity Environmental University donates Unity arts center to a Waldo County charter school
Laurie Schreiber February 7, 2024With Unity Environmental University shifting operations to New Gloucester, the school has donated an arts center in its namesake town to the Ecology Learning Center.
Laurie Schreiber February 7, 2024
Chase Bank plans to make a bigger footprint in southern Maine
Renee Cordes Updated: February 7, 2024Chase, which has five branches in southern Maine to be followed by a sixth this year, plans to add another southern Maine location amid a nationwide expansion by the Wall Street banking behemoth.
Renee Cordes Updated: February 7, 2024
Portland’s residential market buoyed by strong demand, in-migration
Laurie Schreiber Updated: February 12, 2024In five years, the average cost of a single-family home in Portland increased 74%, from $316,250 to $550,000, although the rate of increase has slowed.
Laurie Schreiber Updated: February 12, 2024
Legacy Properties cautiously optimistic for 2024
Laurie Schreiber Updated: February 12, 2024More balance, communication and cooperation between buyers and sellers could reverse the exaggerated market volatility brought about by the pandemic.
Laurie Schreiber Updated: February 12, 2024
58 units of affordable housing planned for Bucksport
Laurie Schreiber Updated: February 7, 2024Pending financing from MaineHousing, the two-phase project could break ground this fall. Planners said 55-and-over housing is needed in Bucksport.
Laurie Schreiber Updated: February 7, 2024
Future of office market still a big unknown for Maine's real estate industry, report says
Laurie Schreiber February 6, 2024“Will employers find the right carrot — or stick — to bring employees back to the office?” If not, many tenants might give up their office space entirely or downsize.
Laurie Schreiber February 6, 2024
Fast-growing coffee chain Aroma Joe’s relocates HQ to Enterprise Business Park in Scarborough
Laurie Schreiber February 5, 2024The need for a more collaborative and purpose-built HQ became apparent with the company’s rapid growth.
Laurie Schreiber February 5, 2024
For first time since 2011, Portland area's industrial vacancy rate falls below 1%
Laurie Schreiber Updated: February 5, 2024Out of 19 million square feet in Greater Portland industrial space, only 125,000 square feet is vacant.
Laurie Schreiber Updated: February 5, 2024
Katahdin Woods and Waters receives $1M grant toward monument's visitor center
William Hall February 2, 2024Construction of the Tekαkαpimək Contact Station is nearing completion, and it's expected to open in August.
William Hall February 2, 2024
Newsworthy people and performances for Feb. 5, 2024
Updated: February 5, 2024A roundup of new hires, promotions and achievements at businesses, nonprofits and professional firms in Maine.
Updated: February 5, 2024
Word on the street: Office conversions, ‘liberated work’ setups top Maine development trends
Renee Cordes Updated: February 5, 2024In a sequel to last year’s “Word on the street” real estate feature, this year’s edition highlights commercial devel
Renee Cordes Updated: February 5, 2024
Commercial development in Ellsworth is booming
Laurie Schreiber Updated: February 5, 2024Ellsworth saw a substantial uptick in 2023, with investment of $85.5 million into 570,000 square feet of projects that spanned new builds, expansions, improvements and renovations.
Laurie Schreiber Updated: February 5, 2024
Turning the tide: How climate change is reshaping waterfront development in Maine
Renee Cordes Updated: February 5, 2024From Maine’s coast to inland rivers, private developers and others are building with an eye to a stormier future. They see it not just as a challenge, but as an opportunity to innovate.
Renee Cordes Updated: February 5, 2024
Building Business: Looking ahead at several projects in the planning stages
Peter Van Allen and Laurie Schreiber Updated: February 5, 2024Here's a look at three projects that will break ground in coming months — in Brunswick, Kittery and Portland.
Peter Van Allen and Laurie Schreiber Updated: February 5, 2024From the Editor: Location, location, location still drives real estate projects
Peter Van Allen Updated: February 5, 2024As much as the real estate market has been affected by higher interest rates, a shortage of supply and even Mother Nature, developers have continued to break ground on new projects in Maine.
Peter Van Allen Updated: February 5, 2024Underwater mortgages just rose across the U.S., but Maine homes are staying dry
William Hall February 1, 2024More homes across the country have mortgages that far exceed their market value, but Maine ranks No. 2 among states with equity-rich properties.
William Hall February 1, 2024
Today's Poll
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
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 More
Work for ME
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.
Learn More
Groundbreaking Maine
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.
Learn more-
The Giving Guide
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.
-
Work for ME
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.
-
Groundbreaking Maine
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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