Bankruptcy

Artist & Craftsman is expected to close only one U.S. store, while relocating the Portland location to Westbrook

The project broke ground as a condominium development in 2022 and converted to rental apartments in 2024.

A $1.4 million shortfall in the $24.7 million project budget cascaded into financing problems with the project’s lender.

Proceeds from the asst sale, to a Vermont-based telecom company, will be used to pay Tilson's creditors as it seeks Chapter 11 bankruptcy protection.

Genesis Healthcare Inc. has hired an investment bank to explore a potential sale of all or part of the business as it seeks to restructure its debt through a voluntary Chapter 11 filing.

The Portland-based IT firm is suing Gigapower over alleged breach of contact, which the Dallas-based company denies.

The company said it will use the money to meet customer obligations and pay employees, vendors and others as it seeks a buyer for the business.

Portland-based Cozy Harbor Seafood said its decision is best understood in the context of broader market forces that have strained the sector in recent years.

The Portland-based developer of fiber and wireless networks said it has received more than $40 million in new engineering, operations and maintenance and consulting work over the last month alone.

The Madison-based manufacturer said it plans to ramp up production with recently improved products and build out its sales force across the Northeast and mid-Atlantic regions.