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A new condo development planned for Black Mountain in Rumford will build 40 units onsite, the first for the ski mountain.
Chinburg Properties, based in Newmarket, N.H., has wrapped construction on its rehabbed apartment building in the historic Pepperell Mill campus in Biddeford, and has begun to move in tenants.
Construction executive Stacey Harris has been appointed to serve on the board of the Maine Community College system.
At least 900 to 950 people were in attendance at the Maine Real Estate & Development Association's forecast conference, which was held at the Holiday Inn by the Bay in Portland.
Finding a standalone industrial building to buy in Lewiston-Auburn in the 5,000-square-foot range proved difficult. Instead, the broker checked lease offerings, then explored whether the owner would entertain a sale.
Awards recognize top performance and contributions. New hires in the Kennebunk office are an associate broker and a sales agent.
Keating Pepper joined the company as a broker in 1988 and became a co-owner in 1994.
Lynne Doble plans to apply her education experience to helping clients navigate the real estate process.
The YWCA of Mount Desert Island conceived of the project for year-round residents who don’t qualify for subsidized housing but d on’t earn enough to purchase a home in the area’s escalating market.
Even with an uncertain home market, more homeowners are choosing to list their homes rather than wait for further market changes.
More than 900 people attended the Maine Real Estate & Development Association's annual conference Thursday in Portland.
The town of Van Buren's plan to create the Acadian Arts Center received a boost as the Maine Redevelopment Land Bank Authority’s first grant awardee.
Luxury buyers, many of whom are paying cash, are driving up the value of the overall housing market, but making it harder for first-time buyers to find a home.
A parking lot behind Yarmouth Town Hall on Cleaves Street is targeted for an affordable housing project with 18 apartments to be built this fall, utilizing modular construction.
The city council is forming a committee to work out recommendation on a design, cost estimate and funding plan to be sent to voters.
Real estate and construction professionals from across the state will come together for MEREDA's annual conference on Thursday, Feb. 27, at the Holiday Inn by the Bay in Portland.
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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