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Real Estate & Construction
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Off to the races: Investor group bets big on harness racing in southern Maine
Renee Cordes Updated: January 24, 2024First Tracks Investments LLC is seeing an increase in betting revenue from races at Cumberland Fairgrounds and plans to build a new track in southern Maine. Mainebiz went to the track for the story and bonus audio report.
Renee Cordes Updated: January 24, 2024
Hotel development underway for 19th-century building, adjacent lot in Kittery
Laurie Schreiber January 22, 2024A feature of the inn will be a touchless technology system. Advantages of the location include proximity to “the heart of the Foreside vibe.”
Laurie Schreiber January 22, 2024
Twice today's inventory is needed to fill Maine's shortage of homes
Laurie Schreiber January 22, 2024Buyer demand is expected to remain strong. Move-in ready, properly priced properties continue to receive multiple offers in most areas of Maine.
Laurie Schreiber January 22, 2024
S.W. Collins operations manager recognized as ‘rising star’ in hardware and building supply industry
Laurie Schreiber Updated: January 22, 2024In 2020, Clara Collins became part of the sixth generation to join her family’s business. The “top women” designation received a record number of nominations in 2023.
Laurie Schreiber Updated: January 22, 2024
Martin’s Point Health Care plans $40M office, garage complex on historic Portland campus
William Hall Updated: January 25, 2024The medical group practice, which has six patient centers in Maine and New Hampshire, is preparing to build an administration center with more than 50,000 square feet of space.
William Hall Updated: January 25, 2024
Hallowell’s Water Street has become an investment hub
Laurie Schreiber Updated: January 22, 2024Investors are drawn by the vintage and well-maintained properties, historically low retail vacancy and a strong sense of community. “People really do love it here,” said one broker who grew up in the area.
Laurie Schreiber Updated: January 22, 2024A roundup of commercial leases for the month of December 2023
Peter Van Allen January 17, 2024A compilation of the all the commercial real estate leases that were published in the Thursday Mainebiz Real Estate Insider in December 2023.
Peter Van Allen January 17, 2024
Boston construction firm Suffolk expands to Portland
Laurie Schreiber January 17, 2024With a national footprint and over $5 billion in annual revenue, the firm said it looks to meet demand in northern New England for more modernized medical and academic facilities.
Laurie Schreiber January 17, 2024
Deal turns on turnkey home
Laurie Schreiber Updated: January 22, 2024Curb appeal, updated systems, natural light, hand hewn beams and room for expansion were among marketing pointers for three year-end transactions.
Laurie Schreiber Updated: January 22, 2024
Mainers, businesses reel from devastating double-punch of winter storms
Renee Cordes, Laurie Schreiber, William Hall January 16, 2024Amid today's snow, Maine is still recovering from a pair of powerful winter storms that caused widespread flooding, destroyed homes and businesses, and drove a fishing boat aground.
Renee Cordes, Laurie Schreiber, William Hall January 16, 2024
Jackson Lab opens $4.5M on-site child care center in Bar Harbor
Laurie Schreiber Updated: January 17, 2024The center is viewed as a critical recruitment and retention tool. At full capacity, it will increase the number of licensed child care spots on Mount Desert Island by over 30%.
Laurie Schreiber Updated: January 17, 2024
Auburn prepares to break ground on $9M community center, run by police league
Laurie Schreiber Updated: January 16, 2024The 14,651-square-foot facility will have a basketball court and teen room, multipurpose and meeting rooms and a commercial kitchen, paid for with federal and city money.
Laurie Schreiber Updated: January 16, 2024
GrowSmart Maine panel tackles pros and cons of short-term rentals
Laurie Schreiber Updated: January 16, 2024While short-term rentals cut into the affordable housing stock, they also fill the need for tourist lodging when local inns and hotels are full.
Laurie Schreiber Updated: January 16, 2024
A Carrabassett Valley restaurant known for loyal customers is sold to one
Laurie Schreiber Updated: January 16, 2024Growing up, the buyer and her family often dined at Hug’s after skiing at Sugarloaf. Seeing Hug’s was up for sale, she jumped on the opportunity.
Laurie Schreiber Updated: January 16, 2024
Greater Bangor Association of Realtors donates $8,750 to House in the Woods
Laurie Schreiber Updated: January 12, 2024House in the Woods offers therapeutic, recreational and educational retreats to U.S. armed forces members and their families.
Laurie Schreiber Updated: January 12, 2024
Extensive search leads Portland nonprofit LearningWorks to new HQ
Laurie Schreiber Updated: January 12, 2024Plans include creating well-equipped instructional areas for construction and culinary programs, for hands-on learning to boost student capacity for future employment.
Laurie Schreiber Updated: January 12, 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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