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The Roux Institute has ambitious plans for the former B&M baked bean factory and its grounds in Portland. But first, there's a 109-year-old pier that needs to be demolished.
Finsulate, a Dutch company establishing a U.S. headquarters in Portland, was crowned the 2022 Top Gun Showcase winner, receiving $25,000 in prize money.
Behind-the-scenes sleuthing helped Portland real estate firm J.B. Brown & Sons find an off-market deal with a 200,000-square-foot industrial distribution facility in Bangor.
Sumit and Van Sharma, who grew up in Portland in the 1990s, have big plans for the Indian-style lager beer they launched in October 2021.
Finsulate, which makes an antifouling treatment for vessels and floating infrastructure, has growth in mind as the company lays anchor in Portland after a year of Maine market research.
The plan is to create a testing center to support design and development of the next-generation Modular RivGen, which harnesses energy from free-flowing rivers and tidal currents.
In a tight market for industrial space, the buyers of the 37-year-old building already have a long-term tenant.
Brian Deveaux was named Hussey Seating's president, and will retain the role of chief financial officer at the family-owned company. Gary Merrill will continue as CEO.
Bath Iron Works' new president comes from the aerospace industry, and will face a variety of issues in his leadership role at the 7,400-employee shipbuilder.
Bath Iron Works on Thursday named Charles Krugh, an executive at Gulfstream Aerospace, as its new president following the sudden departure of predecessor Dirk Lesko in April.
The conversion of the LP Houlton mill included adding a 90,000-square-foot facility to produce siding, and was driven by market growth in the home construction, repair and remodeling markets.
After talks with one Downeast town fell through, the company has issued a request-for-information to identify communities and development groups with other potential lift-off sites.
A scathing U.S. Senate report last week criticized a Philadelphia-based company for its management of military housing in Georgia and Texas. The same landlord operates housing for Portsmouth Naval Shipyard employees and their families in Kittery.
A husband and wife were fired by Microwave Techniques LLC for calling attention to illegal testing of Defense Department equipment, their lawsuit claims.
Southport-based entrepreneurs Jocelyn Olsen and Colin Greig have big plans for Hüga Heat, a maker of battery-powered heated seat cushions for outdoor use.
The federal Government Accountability Office on Tuesday issued a report criticizing the Navy's oversight of private shipbuilders including Bath Iron Works. The report comes just days after the president of the yard abruptly resigned.
Maine's housing shortage is fueling the cost of buying a home. In March, Maine's median home price was $381,500, up 9% from a year ago, according to Maine Listings. In Cumberland County, including the Portland area, the median sales price was $565,000 last month.
Higher prices are also putting pressure on the rental market. Young people, singles and families new to Maine are looking to get rentals, but so are potential home buyers who can't find a home in their price range. Higher interest rates are also an issue.
As a place to rent, Maine ranks No. 13 in the U.S., with average monthly rents reaching $1,971, according to a new Ipsos iSay survey of American renters.
With so many people shut out of buying a home, we're curious what alternatives people are finding.
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 MoreWork 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 MoreWhether 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.
Coming June 2025
Learn moreThe 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 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.
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.
Coming June 2025
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