Real Estate & Construction

Absolute Title opened its first fully staffed office in Maine. Services include “mobile closing vehicles,” fitted with conference rooms, that travel to clients for real estate closings.

For Advisors Living, the tie-up gives agents and clients access to a broader network and stronger support. 

“Our plan is to preserve what makes the building so iconic while expanding the ways the community can use it — from private events to wellness classes, concerts, comedy nights and nonprofit fundraisers,” the buyer said.

Funds will be used to rehabilitate the Old Hancock County Sheriff’s Home and Jail, a 19th-century building listed on the National Register of Historic Places.

The 15-room, five-story Evalina Hotel, housed in a circa 1854 building, will be managed and operated by Fathom Cos.

Cottage Advisors Home Builders, based in Kennebunk, has started construction on the first two buildings, anticipated to be completed this summer.

Despite tariffs, trade, tensions with Canada, labor shortages and housing constraints in 2025, the Maine commercial real estate market did see growth.

After the seller’s multiyear restoration, the Searsport inn, once a sea captain’s home, was acquired by an Arizona couple that plans to build on the property’s revitalized reputation while expanding its focus.

The 18,850-square-foot shopping center is located at the entrance to Belfast and anchored by Belfast Drug Co.. Additional tenants included New China, Sherwin-Williams, Rent-A-Center, Goodwill and U.S. Cellular.

The annual event, held Thursday in Portland, offers insights into a range of sectors from construction to hospitality as well as on legislation that affects the real estate industry.