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The Maine Real Estate & Development Association’s annual forecast conference is sold out, the organization said Monday.
The conference, which is capped at 700 attendees, is the largest event of its kind for real estate professionals and people whose livelihood is associated with real estate, construction, property management, economic development and related fields.
It’s an all-day event to be held Jan. 19 at the Holiday Inn by the Bay in Portland.
“We expect this edition of The MEREDA Index to reveal changing market conditions and emerging trends for the first time in a while,” said Paul Peck, president of the board of MEREDA and an attorney at Drummond & Drummond, of the index that is compiled biannually and is widely regarded as the primary tool for insiders to track changes in the market.
“Maine's economy is very dependent upon the health the tourism sector and small businesses, both of which rely heavily on a real estate infrastructure, so this update will have reverberations for the entire state,” Peck said.
Speakers this year will include Peter Harrington, partner and associate broker at Malone Commercial Brokers; Justin Lamontagne, partner and broker at NAI The Dunham Group; Kevin Fletcher, associate broker at Malone Commercial Brokers; Keith Luke, from the city of Augusta; Erik Urbanek, managing director of SVN / The Urbanek Group; and Tanya Emery, director of economic development for the city of Bangor.
The conference will also feature more than half a dozen forecasts of future market activity by property type and geography. Presentations are expected from top experts in the following categories: Maine’s vacation and hospitality industry; southern Maine industrial, office, retail and residential; plus specific forecasts for the midcoast, Bangor area and central Maine markets respectively.
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