Category: News
Experts at MEREDA conference report on a “robust” market
At MEREDA’s Annual Forecast Conference & Member Showcase on Jan. 18, real estate industry leaders unveiled the MEREDA Index – at a robust 96. January 2018
One Riverfront Plaza sale is a plus for both Westbrook and Maine Med
Last month, Maine Medical Center became the new owner of One Riverfront Plaza in Westbrook. July 2017
Off-market sales becoming the norm
Supply and demand is by far the primary economic principal that impacts all real property assets. Today, the supply of commercial real estate for sale is scarce, while demand is high. June 2017
Portland’s Bayside displays every sign of transformation
In 1994, the City of Portland began to implement a master plan to revitalize Bayside, and more specifically Marginal Way, to become the modern gateway to the city. Two decades later, that vision has been realized. May 2017
Significant sales highlight investor vs. user priorities
Buyers of commercial real estate tend to fall into two categories: owner/user and investor. April 2017
Market experts see 2016 strengths carrying over into the new year
While the environment for buying and selling commercial real estate has been close to ideal for the past several years, not even Carnac the Magnificent could have predicted the magnitude of the local market in 2016. January 2017
Key Portland properties change hands
Not only did November provide a great thanksgiving, it proved to be an historical point for some of Portland’s most well-known properties. By far, the transfer of the Rufus Deering Lumber yard on Commercial Street is the most noteworthy. November 2016
Growth Abounds in Commercial Real Estate Arena
The current strength of Portland’s commercial real estate sector has been routinely expounded over the past several years. Gone are the dark days of the Great Recession which have now been replaced with robust development. The evidence is clear, new apartment buildings, retail stores and hotels dot Portland’s peninsula and beyond. The growth taking…
What’s All the Scaffolding on Exchange Street?
Walking along Exchange Street has become an adventure for the last couple of months. The owners of the renowned Old Port Exchange property and its neighbor at 30 Exchange are in the midst of substantial and historical restoration projects. Both were approved by Historical District which seeks to maintain or restore properties in keeping…