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Real Estate & Construction
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Maine's new housing seeing particular growth in multifamily development
Updated: September 26, 2024The number of building permits issued for new housing in Maine is on par with last year. One area that is seeing particular growth is that of multifamily housing.
Updated: September 26, 2024
Two York Beach hotels, undeveloped lot all going to foreclosure auctions
September 24, 2024The beachside properties include one that was renovated to evoke the 1960s surfing legacy of the York developer’s father.
September 24, 2024
Maine home sales nearly flat, while median price rises again to $400K milestone
September 20, 2024Statewide, prices surged 7.53% in August. Maine's inventory of single-family homes for sale remains at 3.2 months, far below the six-month supply that's considered a balanced market for sellers and buyers.
September 20, 2024
With new courts on the way, pickleball is picking up in southern Maine
September 19, 2024Two pickleball clubs, which together will encompass nearly 100,000 square feet of space, are coming to Cumberland County later this year.
September 19, 2024
Real estate firm Reveler adds seasoned HR director to its ranks
September 18, 2024Reveler, a real estate investment, development, construction and management company in Portland, has hired Erika Pettingill as director of human resources.
September 18, 2024
The Roux Institute breaks ground on its new, permanent home in Portland
September 16, 2024On Friday, the institute ceremonially marked the beginning of construction on a planned 300,000-square-foot campus.
September 16, 2024
Portland housing officials unveil 45-unit redevelopment in East Deering neighborhood
September 16, 2024Portland Housing Authority and Portland Housing Development Corp. recently cut the ribbon on the second phase of the Front Street redevelopment project in the city's East Deering neighborhood.
September 16, 2024
A Maine contractor makes the shift to employee ownership
September 13, 2024Penobscot General Contractors, which is based in Falmouth, has grown from sales revenue of $5 million to $8 million a few years ago to $70 million in 2023. The firm has 31 employees.
September 13, 2024Portland nursing home to shutter its doors, move residents to new facility
September 13, 2024After nearly a half century of operation, St. Joseph’s Rehabilitation and Residence will close for good on Sept. 20.
September 13, 2024
Avesta Housing unveils first phase of affordable housing community in NH
Updated: September 18, 2024The Portland-based developer of affordable housing held a grand opening for the 40-unit River Turn Apartments, Avesta's first community in the Mount Washington Valley region of New Hampshire.
Updated: September 18, 2024
UMaine goes back to drawing board on sale of Hutchinson Center
Updated: September 13, 2024By Sept. 26, the University of Maine expects to announce how new offers for the sale or transfer of the property will be solicited.
Updated: September 13, 2024
Newsworthy people and performances for Sept. 16, 2024
Updated: September 16, 2024A roundup of new hires, promotions and achievements from businesses, health care institutions, nonprofits and professional services firms in Maine.
Updated: September 16, 2024
Building Business: Maine construction news, from groundbreakings to an unveiling
Updated: September 16, 2024From groundbreakings for the Roux Institute building and an Auburn mixed-use site to the unveiling of the Woods & Waters welcome center, here is construction news from Portland to Coburn Gore.
Updated: September 16, 2024
A Look Back: In early 2020, oddly accurate pre-pandemic predictions
Updated: September 16, 2024Was it a deep understanding of the issues? Or was it like the adage, "Even a blind squirrel finds a nut once in a while"? You be the judge.
Updated: September 16, 2024
With over 100 units, another affordable housing complex is proposed for Portland
September 11, 2024Just a few months after unveiling a proposal to build more than 100 housing units in Portland — half of which would meet affordability criteria — GreenMars Real Estate wants to build a second, similar complex.
September 11, 2024
Downtown Lewiston building changes hands between nonprofits with similar aims
Updated: September 12, 2024The building, which is 5,500 square feet and dates to 1978, is laid out over a single story and is on about a third of an acre. It includes 15 on-site parking spaces. The building is considered move-in ready.
Updated: September 12, 2024
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