L.L.Bean Inc.

$57M sale of apartment complex in Freeport is Maine’s largest commercial property deal for 2025

The Residences at Crosstree is one of the largest multifamily housing developments in Freeport in recent memory, with 144 units across six buildings.

New Maine leaders take charge in 2025

Mainebiz recorded changes at law firms, banks, health care institutions, utilities and nonprofits. 

L.L.Bean grants to land trusts will stretch from York to Grand Lake Stream

Land trusts care for nearly 3 million acres — close to 15% of the state. As nonprofits, they rely heavily on private donations and grants to carry out work.

Private school plans move into Peck Building in downtown Lewiston

The Peck Building, which dates to 1893, was the longtime home to the B. Peck & Co. department store and was later an L.L.Bean call center. 
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Downs developer to build 51-unit apartment building in Freeport

The town identified the parcel as key for housing development and has worked over the last year to create predictable approval processes.

🔒Introducing the 2025 Mainebiz 40 Under 40 honorees

Now in its fourth year, the Mainebiz 40 Under 40 program recognizes the state's up-and-coming leaders, the next generation of individuals who are shaping Maine and its economy. 

How Maine companies are creatively navigating the workforce rollercoaster

Maine faces workforce challenges that need new solutions. But the good news that the state and its businesses are finding innovative ways to tackle the labor shortages.

Maine outdoor industry group taps student input on workforce

Maine Outdoor Brands is creating a student advisory board to serve as a bridge between the next generation of leaders and the state's $3.4 billion outdoor recreation industry.
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Stephen Smith to step down as L.L.Bean CEO

Smith plans to step down in 2026 after a decade of leadership.

Dollar store or bust? Renys Portland store hits the market, fueling speculation about next occupant

Located near the Maine College of Art and Design, Renys has long been an anchor business and employer in the neighborhood, selling clothing, household goods and non-perishable food items.
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