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The city is developing business attraction ideas that will maintain its balance as a year-round community and an important service center with future growth.
The list is based on data from the multiple listing service operated by Maine Real Estate Information Services Inc.
The company was looking for a larger space with “a solid collaborative layout.” As a retail support service, being around more retailers is an additional benefit.
Paul McKee, lead buyer specialist at the Hatcher Group with Keller Williams Realty, takes over as 2024 president of the Maine Association of Realtors.
The Houlton Higher Education Center may soon be sold or transferred to another owner, after serving for over 20 years as a hub for college classes, adult education and the community itself.
The building, 95% leased, shows that office space, especially smaller units, is still in demand, particularly in tertiary markets where supply is limited.
The Jan. 18 conference will focus on the pressing issue of affordable housing in Maine.
Because of long-term leases in place at the pandemic’s onset, its full effects on the office market are yet to be realized. But demand increased in 2023, a good sign moving into 2024.
While 2023 was a “vibrant and exciting year in the commercial real estate market," says broker Justin Lamontagne, there's an air of uncertainty about the months ahead.
Investors in multifamily housing are reassessing the Portland market, looking to places like Lewiston-Auburn.
According to Dan Bacon, the development director of the Downs, 2024 will be a transformative year with the activation of the planned Town Center.
A Yarmouth condo development, delayed during the pandemic, may finally be moving forward. The site has been cleared.
As we start a new year of business coverage, here's what the Mainebiz team liked covering the most in 2023 and why.
Prospective homebuyers are frustrated by higher rates and tight inventory; Great Falls Construction moves ahead on Berwick development; Avesta Housing gets grant from Gorham Savings.
An all-tide launch ramp is a priority. Other components would be phased in as funding is available. “It looks like smaller bites of the whale is the proper way to go,” said a town councilor.
Mainebiz pays tribute to notable Mainers who died last year.
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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