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Word on the street: Downtown rebound, office conversions top Maine development trends
Renee Cordes Updated: February 6, 2023Here's what's trending in commercial real estate this year, with updates from Auburn, Augusta, Bangor, Westbrook and elsewhere in Maine.
Lewiston draws developers and entrepreneurs seeking space, affordability — and opportunity
Laurie Schreiber Updated: February 6, 2023Lewiston is experiencing a run of commercial development from the downtown to its outskirts — everything from new or expanded retail and industrial, renovations of historic buildings, attractions, and manufacturing.
Lewiston-based credit union announces in-house promotion
Alexis Wells February 1, 2023Before this promotion, Shantel Fournier was the mortgage loan originator.
Livermore Falls solar project to power five public schools
Laurie Schreiber Updated: January 31, 2023The array was built on a 20-acre lease of private farmland still owned by the generational farmers, who view the project as a showpiece for incorporating solar while continuing farming.
Lewiston’s tallest building planned for residential redevelopment
Laurie Schreiber Updated: January 30, 2023The building turned over three times in three years. Market rates for small offices didn’t support the need for large capital expenditures. The residential conversion rides a wave of development activity in the city.
Budding trail blazers invited to Lewiston for next Roux Institute Start Summit
Renee Cordes Updated: January 30, 2023The series offers up-and-coming entrepreneurs the chance to compete for as much as $3,000 for first place.
MEREDA forecast conference presents mixed outlook for 2023
Staff Updated: January 27, 2023Coming off three strong years, more than 750 attendees at the MEREDA Real Estate Forecast Conference heard mixed news about sectors of the real estate market, with concerns about interest rates, tight inventory and the prospect of a recession.
Maine's 2022 top 10 'hottest towns' for home sales reflect booming market
Alexis Wells January 26, 2023This year’s report looks at the towns that saw the most significant boost in median home sales prices and where people are willing to pay for their piece of what Maine offers.
At Northeast Bank, income flattens but record loan volume drives asset growth
Laurie Schreiber January 26, 2023With additional loans on the books, Northeast Bank said its assets as of Dec. 31, 2022 totaled $2.81 billion, an increase of $1.23 billion, or 77.5%, from June 30, 2022.
Feds advance state’s offshore wind development plan
Laurie Schreiber January 25, 2023The next steps include a review of any potential environmental impact from offshore wind activities. Maine fishermen previously registered concerns about interactions between the two industries.
Today's Poll
Sponsored by Kennebunk Savings Bank
The days after Thanksgiving are the traditional start of the holiday shopping season. Many shoppers are already setting their sights on the whirlwind of holiday shopping — Black Friday, Small Business Saturday and Cyber Monday.
Major retailers like Walmart, Target, Amazon and Best Buy have already launched early deals, giving shoppers a head start on savings.
A record 186.9 million people plan to shop from midnight on Black Friday through Cyber Monday, according to a consumer survey by the National Retail Federation. The figure is up by more than 3 million total shoppers from last year's record.
The National Retail Federation forecast also calls for holiday spending to surpass $1 trillion for the first time, with sales predicted to grow between 3.7% and 4.2% from 2024.
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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