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Real Estate & Construction
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In Lewiston, 58 units of multifamily housing sell for a total of $6.4 million in separate deals
Laurie Schreiber Updated: September 25, 2023Originally listed at $6 million as a single portfolio, the properties yielded a combined $6.376 million when split into individual listings.
Laurie Schreiber Updated: September 25, 2023
Maine home sales fall by 19%, even as buyers continue to seek 'move-in ready' places
Laurie Schreiber September 22, 2023Cumberland County remained Maine's most expensive market in August, with a median sales price of $550,000, while Aroostook County remained the most affordable, with an MSP of $151,000.
Laurie Schreiber September 22, 2023
A new, $660M phase of Portland Foreside development takes shape
Renee Cordes Updated: September 27, 2023The next phase of the mixed-use waterfront development includes nearly 400 residential units and a 128-room luxury hotel.
Renee Cordes Updated: September 27, 2023
Lewiston official receives Avesta Housing's Mission Champion Award
Peter Van Allen Updated: September 21, 2023Misty Parker, assistant director of economic and community development, received Avesta's Mission Champion Award, which recognizes "an individual or organization who has made significant contributions to the promotion and provision of affordable
Peter Van Allen Updated: September 21, 2023
Bigelow Laboratory in East Boothbay will break ground on $30M expansion
Peter Van Allen Updated: September 21, 2023The $30 million expansion promises to advance Bigelow Laboratory’s education and "solutions-focused" work with teaching labs, research facilities and a 300-seat forum, which will also be a resource for the community.
Peter Van Allen Updated: September 21, 2023
With USM students now filling McGoldrick Center, Portland developer adds a 'founding sponsorship'
Renee Cordes September 20, 2023In recognition of the $250,000 gift from the Prentice Organization for USM's new McGoldrick Center for Career & Student Success, there will be a Prentice Board Room on the center's second floor.
Renee Cordes September 20, 2023
Avesta Housing appoints former fundraising pro to board of directors
Alexis Wells Updated: September 20, 2023Lynne Roche, who joined the Avesta Housing Advancement Committee in 2019, began her career as a development officer at Harvard University.
Alexis Wells Updated: September 20, 2023
A Cumberland Foreside condo development secures financing
Peter Van Allen Updated: September 21, 2023Mark McClure, a Miami developer who grew up in Cape Elizabeth, has closed on a $24 million loan for the ongoing construction of his high-end, 45-unit condominium complex in Cumberland Foreside. Financing came through a new program in Maine, C-PACE.
Peter Van Allen Updated: September 21, 2023
A mainstay Wiscasset café changes hands to like-minded buyer
Laurie Schreiber Updated: September 18, 2023In the 1980s, the seller made candies, expanded to pizza, then started a restaurant and pub, everything made from scratch. The buyers bring a Southern flair to the menu.
Laurie Schreiber Updated: September 18, 2023
$500K FAME loan comes through for $2M research station on Hurricane Island
Laurie Schreiber September 18, 2023The funding comes from a forgivable loan program for businesses and nonprofits, through the Finance Authority of Maine.
Laurie Schreiber September 18, 2023
Portland retailer, pajama-brunch spot to close as owner shifts to second business
Renee Cordes September 14, 2023Sept. 26 will be the last day for the Maker's Galley on Portland's East End.
Renee Cordes September 14, 2023
Boulos names a partner who has been pivotal in central Maine leasing deals
Alexis Wells Updated: September 15, 2023Over the past six years, Nick Lucas has focused on the central Maine market and has had success selling multifamily complexes, office buildings and industrial properties.
Alexis Wells Updated: September 15, 2023
Building Business: Lajoie Brothers, WBRC finish Augusta nonprofit expansion
Peter Van Allen Updated: September 18, 2023Lajoie Brothers and WBRC Architects/Engineers completed the $5 million expansion of the Children’s Center in Augusta. Elsewhere in Augusta, Sheridan Construction has been named general contractor for the Kennebec Valley Humane Society expansion.
Peter Van Allen Updated: September 18, 2023
At the University of New England, Maine's only medical school moves ahead
Laurie Schreiber Updated: September 18, 2023By relocating its College of Osteopathic Medicine to new space being built in Portland, UNE will be able to admit more students and bring together the health profession programs onto a single campus.
Laurie Schreiber Updated: September 18, 2023
Malone Commercial Brokers appoints a operations assistant with an early childhood background
Alexis Wells Updated: September 14, 2023Alexia Fornaro has a background in early-childhood special education. She previously worked as an education technician and behavioral health professional
Alexis Wells Updated: September 14, 2023GSA awards one of first contracts on port-of-entry building planned for Limestone
Peter Van Allen September 13, 2023The project will help the U.S. Department of Homeland Security carry out its mission at the international border crossing between Limestone and Grand Falls, New Brunswick, Canada.
Peter Van Allen September 13, 2023
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.
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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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