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Despite higher interest rates, construction costs and labor shortages, construction projects continue to break ground and come to fruition across Maine.
The improvements will help the shipping container facility keep pace with growing volumes. Unlike most U.S. and European ports, the Portland International Marine Terminal is handling more cargo.
Moving from the relative obscurity of a third-floor space, the Androscoggin Historical Society will now have street-front visibility and exposure to a broader audience. The move took 1,800 volunteer hours.
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 October 2023.
Maine Commercial Realty's owner, John Bonadio, worked on the opposite side of deals from Bev Uhlenhake for almost two decades.
Chef-owner Chris Wilcox said that while this past summer was good, it was not good enough to sustain the restaurant through the slower winter months. The fine dining establishment's final day will be Nov. 19.
The Kitchen at 185, set to open in late 2024, will be located in a historic downtown building that will be renovated.
The Portland Museum of Art, which has proposed a $100 million expansion, has sought to tear down the former Children's Museum building next door.
Ryan Fecteau has joined Avesta Housing as a policy officer, while Jim Hanley, president of Wishcamper Cos. Inc., has joined the nonprofit's board for a three-year term effective Nov. 1.
An addition to the plant would have the capacity to provide 100% renewable energy, minimizing the university's fossil fuel dependence and exposure to volatile pricing.
Every week Maine publishes commercial leases in the Thursday Real Estate Insider. This is a compilation of the month's leases.
The branch office will be in downtown Bath, at 129 Front St. It will initially be staffed with five brokers.
The settlement includes a penalty and supplemental lead-based paint abatement projects. Two of four units were leased to families with children.
For the lowdown on how leadership works in family-owned businesses, Mainebiz checked in with four family-owned enterprises and two smaller ones across the state.
With 45 condos, 218 Washington Avenue — both the address and name of the property — is aimed at young professionals and empty-nesters looking to come back to the city.
Most of the money will be used to increase diversity, equity and inclusion efforts, to expand environmental education and literacy programming.
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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