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Real Estate & Construction

For the first time, a Maine ZIP code cracks New England's 50 priciest for home sales

William Hall Updated: November 27, 2023

ZIP code 04110 has previously ranked as Maine's most expensive. After a 60% increase in home prices, it's now one of the most expensive in the entire region.

William Hall Updated: November 27, 2023
Maine manufacturer of high-temp materials will expand, driven by defense, space industries

Laurie Schreiber Updated: November 28, 2023

Fiber Materials Inc. has leased a 52,000-square-foot plant in Biddeford that will ramp up capacity and house a center to develop products for extreme environments.

Laurie Schreiber Updated: November 28, 2023
Construction company ‘bursting at the seams’ finds larger shop in Portland’s West End

Laurie Schreiber Updated: December 11, 2023

Mast Construction, specializing in historic restoration, renovations and masonry, spent four years looking for the right space for expansion. It finally found a fitting industrial building on the West End.

Laurie Schreiber Updated: December 11, 2023
Cumberland County buys Portland office building for $4.6M, will unify operations there

Laurie Schreiber November 22, 2023

Maine's most populous county will establish its base of operations at 27 Northport Drive, consolidating departments that are decentralized and don’t have enough space.

Laurie Schreiber November 22, 2023
Maine home sales continued decline in October, while prices soared by double digits

Laurie Schreiber November 22, 2023

The median price for purchasing an existing single-family home reached $376,000.

Laurie Schreiber November 22, 2023
Maine-based steel processor buys $4.25M building in Saco to expand capacity

Laurie Schreiber Updated: December 4, 2023

American Steel and Aluminum said the 50,920-square-foot building will be used for storage and to increase heavy-plate cutting capacity.

Laurie Schreiber Updated: December 4, 2023
Kennebunk hotelier expands portfolio with Ogunquit acquisition

Laurie Schreiber Updated: December 18, 2023

The third-generation cottage-style lodging listed for $15 million. The buyer plans to spend $10 million for renovations.

Laurie Schreiber Updated: December 18, 2023
Former KeyBank site in Freeport sold

Laurie Schreiber Updated: December 18, 2023

The buyer of a freestanding, 4,590-square-foot building in downtown Freeport was attracted to its size and prime location.

Laurie Schreiber Updated: December 18, 2023
Sheridan Construction is central Maine’s developer of the year for college athletic center

Laurie Schreiber Updated: December 6, 2023

Sheridan “has been pivotal in contributing to Waterville and the broader region's ongoing redevelopment,” said Central Maine Growth Council’s Garvan Donegan.

Laurie Schreiber Updated: December 6, 2023
A roundup of commercial real estate sales for the month of November 2023

Laurie Schreiber Updated: December 7, 2023

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 November 2023.

Laurie Schreiber Updated: December 7, 2023
$61M rehab hospital proposed for Bangor by fast-growing national chain

William Hall Updated: November 21, 2023

Encompass Health Corp., based in Alabama, hopes to build a 50-bed facility near Bangor International Airport. The proposed hospital would be the company's second in Maine.

William Hall Updated: November 21, 2023
'Thankful for the simple things': What 10 Mainers are grateful for this Thanksgiving

Renee Cordes Updated: November 22, 2023

Mainebiz asked 10 movers and shakers from around the state what they are most thankful for this Thanksgiving. One response: "Maine is a magical place and I appreciate living and working here more than ever.”

Renee Cordes Updated: November 22, 2023
Lewiston-Auburn's first combined business incubator and coworking space set to open

Laurie Schreiber Updated: November 21, 2023

The founders spent over 20 years in California, building and growing businesses. In Lewiston, the couple invested over $1 million to create the kind of space where they wanted to work, but couldn't find.

Laurie Schreiber Updated: November 21, 2023
Buyers of general store in 'boatbuilding capital of the world' plan new offerings

Laurie Schreiber November 20, 2023

The two new owners of the Brooklin General Store see growth potential in the shop and kitchen. “We are building on what’s already here,” said one, who called the store “an absolute institution.”

Laurie Schreiber November 20, 2023
Bangor-bound: Renys adding to 'Maine adventure' with 18th location

Renee Cordes Updated: November 20, 2023

The department store chain will renovate a 31,000-square-foot space previously occupied by the Christmas Tree Shops, and plans to hire up to 40 people.

Renee Cordes Updated: November 20, 2023
Woodard & Curran’s new headquarters in Portland are proving ground for ‘democratized’ design

Laurie Schreiber Updated: November 20, 2023

Carved out of the Covetrus building in Portland's East End, the 56,000-square-foot space is intended to accommodate a range of work styles.

Laurie Schreiber Updated: November 20, 2023

Most Recent

Grants aim to turn Portland-area 'brownfields' into developments of housing, hotel, child care center

Game on in Gorham at USM's $1.5M 'esports' arena

MEREDA’s fall conference to examine Maine’s housing crisis

Today's Poll

Poll Description

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.

151 Votes
0 Comments

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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.

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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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