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Every week in the Tuesday Real Estate Insider, Mainebiz compiles a list of commercial real estate sales. Here is a compilation of sales published in April 2024.
My Place Teen Center, a nonprofit based in Westbrook, is renovating a former church in Biddeford at an expected cost of $3.7 million.
More boat slips and the replacement of an aging dock are some of the improvements that will be made at the two Portland marinas, both of which have a strong customer base of seasonal boaters.
Staffing shortages have forced Millinocket Regional Hospital to shutter the clinic for now. The hospital still plans to double the size of its emergency department, despite a setback in the state review process.
The neighborhood is in a state-certified Opportunity Zone, offering developers and investors tax credits for increasing development in underserved areas.
The award recognized the company’s work on the city of Portland’s 2.5-year, $29 million construction of the Back Cove West Storage Conduit.
Community members from the Penobscot Nation had the opportunity to sign the last two sheets of plywood roof sheathing.
The former Northern Light Health admin site was deemed a complementary fit for the Rock Row medical campus now under construction.
Innovations included design, public-private partnerships and creative financing in Fork Food Lab’s purchase of 95-97 Darling Ave. in South Portland.
The 19,980-square-foot office building “popped off the page for me as tremendous opportunity for Creative Works,” said CEO Matt Hickey.
A new executive director of Greater Portland Landmarks has been hired from New York City, as the historic preservation group waits for the Portland City Council to take up a controversial plan that would demolish 142 Free St.
Guest columnist Tom Landry, owner-broker at Benchmark Real Estate, breaks down where Maine's homebuyers came from in 2023. Apart from Maine buyers, residents from Massachusetts, New Hampshire, Florida and New York bought homes here.
At $13.3 billion, lakefront properties contribute the biggest chunk of value. But challenges include development, invasive species and climate change.
The money, from the a recent federal appropriations bill, allows Bath Housing to expedite Phase II of the project, considered an important development given the ongoing need for housing in the community.
Owners of the Bar Harbor Bicycle Shop sold the real estate to College of the Atlantic for housing, while the business itself was sold to customers and will operate as is.
Despite higher interest rates and a host of winter storms, the outlook for the retail sector is strong, says Peter Harrington of Malone Commercial Brokers.