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Word on the street: Downtown rebound, office conversions top Maine development trends
Renee Cordes Updated: February 6, 2023Here's what's trending in commercial real estate this year, with updates from Auburn, Augusta, Bangor, Westbrook and elsewhere in Maine.
Maine's 2022 top 10 'hottest towns' for home sales reflect booming market
Alexis Wells January 26, 2023This year’s report looks at the towns that saw the most significant boost in median home sales prices and where people are willing to pay for their piece of what Maine offers.
At Northeast Bank, income flattens but record loan volume drives asset growth
Laurie Schreiber January 26, 2023With additional loans on the books, Northeast Bank said its assets as of Dec. 31, 2022 totaled $2.81 billion, an increase of $1.23 billion, or 77.5%, from June 30, 2022.
Feds advance state’s offshore wind development plan
Laurie Schreiber January 25, 2023The next steps include a review of any potential environmental impact from offshore wind activities. Maine fishermen previously registered concerns about interactions between the two industries.
Single-family home sales continue slow slide, but prices rose 12%
Laurie Schreiber Updated: January 23, 2023Maine's housing market was mixed in 2022. The year ended with just over 16,800 homes sold, a decline of 17.49%, but the median sales price was $335,000, an increase of 12.04%.
New head of Maine Arts Commission tapped for creative leadership skills
Laurie Schreiber January 19, 2023“We have a proven and skilled person at the helm, and we want to give him the chance to complete what he has just begun to build,” said Commission Chairman David Hopkins of David Greenham, who most recently served as the commission's interim…
A former Maine Veterans’ Homes site in Augusta will become home to arts academy
Laurie Schreiber Updated: January 16, 2023Maine Arts Academy bought 310 Cony Road in Augusta from Maine Veterans’ Homes for $3.25 million.
Incoming head of Maine Association of Realtors brings expertise in rural properties
Laurie Schreiber January 13, 2023It’s expected that Carmen McPhail’s expertise in rural Maine will lend a new perspective to Maine’s real estate industry’s issues and changes.
Woodlands Senior Living in Bridgton opens to first memory care residents
Renee Cordes Updated: January 10, 2023The 48-bed, 24,000-square-foot facility cost around $10 million to build. Amenities include large, comfortable spaces where residents can socialize, abundant natural light, an onsite salon and a large courtyard.
Mitchell Institute's new board directors call on varied experiences
Alexis Wells January 6, 2023Brian Harris, founder and CEO of MedRhythms; Christina Marie Lemieux, planning director at the global advertising company Publicis Groupe; and Rebecca Wyke, CEO of the Maine Public Employees Retirement System will serve three-year board terms.
Today's Poll
Sports betting became legal in Maine in 2023. In its first full year, the state collected roughly $6 million in tax revenue (at a rate of about 10%).
The figures are expected to keep growing this year.
The Giving Guide
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 More
Work for ME
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.
Learn More
Groundbreaking Maine
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
Learn more-
The Giving Guide
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.
-
Work for ME
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.
-
Groundbreaking Maine
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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