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Here’s a roundup of recent real estate and development news in Maine
Peter Van Allen Updated: October 25, 2022Works in progress include the Longfellow Hotel & Spa in Portland, a hotel proposal in Wells, a Market Basket planned for Topsham, dedication of a Thomas College athletic field and how the lack of loggers is affecting lumber supplies.
$1M restoration of old sea captain’s house in Searsport almost complete
Laurie Schreiber Updated: October 25, 2022The house had been neglected for a long time. A copper cupola, wood trim and paint are among the custom-made items.
Lee Auto expands ownership ranks with addition of longtime employee
Peter Van Allen October 24, 2022Tom Santospago, who has been at Lee Auto Malls since 2009, is now the fifth equity partner in the Topsham-based dealership group — and just the third partner not named Lee.
Midcoast financial firm hires new director of human resources
Alexis Wells October 19, 2022Susan Howland joins Allen Insurance and Finance after having held senior leadership roles at MBNA, Wayfarer Marine in Camden, the Penobscot Bay YMCA and Maine Sport in Rockport.
Bath Savings promotes trust operations officer
Alexis Wells October 17, 2022In her new officer role, Sarah Grover will manage many aspects of the firm's operations, with roughly $1.5 billion under management for clients throughout the country.
Private equity group nabs Rockland shopping plaza for $14.6M before it hits the market
Laurie Schreiber Updated: October 17, 2022Goals include covering the 170,000-square-foot roof with solar and installing three Tesla Level 3 electric-vehicle super-charging stations by mid-2023.
40 Under 40: Making museum-going affordable for all
Laurie Schreiber October 3, 2022Rebecca Roche works with donors to provide free admission to children 17 and under and to everyone with an electronic benefits transfer card, and even have entire months of free admission for all.
40 Under 40: A leader in the manufacturing industry
Alexis Wells Updated: October 3, 2022Thomas Kennedy II, director of business development, Steel-Pro Inc., hopes to someday own and develop his own properties.
40 Under 40: An innovator with a vision for Maine’s aquaculture sector
Peter Van Allen Updated: October 3, 2022Sara Rademaker, president of American Unagi, oversaw the creation of a 27,000-square-foot aquaculture farm in Waldoboro.
Contractor shortages, increased costs push out fundraising goals for midcoast farms
Laurie Schreiber September 27, 2022The goal of the $3 million campaign is to provide critical new infrastructure and equipment. But there were challenges in attracting bids and securing a contractor.
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.
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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