Company News
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Annual Forecast Conference & 2018 Industrial Market Survey
Here is a summary of the talking points from MEREDA’s annual Forecast Conference yesterday; 900 people were in attendance! Justin Lamontagne delivered his annual Southern Maine Industrial Forecast and unveiled our 2018 Industrial Market Survey. Download your own copy here!
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2018 MEREDA Forecast Conference
The Maine Real Estate & Development Association (MEREDA) will hold their annual Forecast Conference one week from today – Thursday 1/18! As always, Justin Lamontagne, CCIM, SIOR will deliver the Southern Maine Industrial Forecast and he will unveil our annual Greater Portland Industrial Market Survey. Register here and come see us at Booth #4 to grab your copy…
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Justin Lamontagne Earns Prestigious SIOR Designation
We are pleased to announce that Justin Lamontagne has earned the prestigious Society of Industrial & Office Realtor’s (SIOR) designation. SIOR is the leading global professional office and industrial real estate association. Justin now becomes only the 5th broker in the state of Maine to carry both CCIM (Certified Commercial Investment Member) & SIOR honors.
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Portland City Council Unanimously Approves Land Sale For Development of WEX’s Waterfront Headquarters
NAI The Dunham Group is pleased to announce that the Portland City Council unanimously approved the contract to sell the City-owned 1.1± acre parcel of land located at 0 Hancock Street to Jonathan Cohen of 0 Hancock Street LLC. The developer has an agreement to lease a new 100,000 square foot glass headquarters building to…
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Katie Millett Named 2017 REALTOR of the Year!
We are very pleased to announce that the Maine Commercial Association of REALTORS (MCAR) has named Katie Millett their 2017 REALTOR of the Year! Katie Millett joined NAI The Dunham Group in 2005. Before joining the company, Katie practiced law concentrating primarily on real estate transactions. Katie graduated from the College of Charleston in South…
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Retail Market Update
The southern and central Maine retail markets remain healthy in 2017, although there is substantial future uncertainty in the anchor store sector. Overall vacancy continues to decline, averaging around 3.5%. This has been a steady trend as shopping center overdevelopment from the 2000’s has finally been absorbed. As a result of this vacancy, lease rates…
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Office Market Update
Overall, the Greater Portland Office market remains stable. There are currently over 1.5MM square feet of office space available for lease in the Greater Portland market. While this sounds like a large number, the vacancy is primarily concentrated into several large buildings located along the Congress Street corridor. The approximate average asking lease rate for…
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Industrial Market Update
The industrial market has continued its very strong pace this Spring, and there looks to be no slowing it down this Summer. We are working diligently to find new inventory to work with and create some opportunities for both landlords and tenants. The high demand and low inventory levels in the greater Portland area has…
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Justin Lamontagne to Speak on NEREJ Summit Panel
On June 29th, New England Real Estate Journal will hold their 2017 Summit – Northern New England State of Commercial Real Estate at the Portsmouth Harbor Events & Conference Center. Justin Lamontagne will a part of the panel of speakers at this event! Register here.
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Developer Making Changes to Former Wharf Street Nightclub Space
New owner/local developer, Fore Street Partners, is happy to welcome Higher Grounds Café to 45 Wharf Street. In January of 2016, the owner and its affiliated companies purchased approximately 50,000 SF of space on Fore and Wharf Streets and are committed to diversifying the tenant base and upgrading this block. Known as a popular street…
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MEREDA Event : Cannabis and its Impact on Commercial Real Estate
Justin Lamontagne, CCIM will moderate the panel at this MEREDA event “Darkness into Light : Cannabis and its Impact on Commercial Real Estate in the Post-Prohibition Era” Originally held in Portland last February, this event will be held at the Cross Insurance Center in Bangor – June 13th! Register here.
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Barrelled Souls Brewing Co. Leases New Brew Operations Space
Justin Lamontagne, CCIM and Greg Hastings, SIOR recently negotiated a 7,600 SF lease at 11 Mill Brook Road in Saco. Barrelled Souls Brewing Company leased the space to house their brewing operations. Customers can still enjoy their tasting room at 743 Portland Road, but the bigger space at 11 Mill Brook Road allows them to…
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Four Springs Capital Markets – Customized Tax Deferred Exchange Solutions
We would like to share the info below about Four Springs Capital Markets and their customized tax deferred exchange solutions for real estate investors: Four Springs TEN31 Xchange (FSXchange) is a real estate firm that provides customized tax deferred exchange solutions for real estate investors. As a subsidiary of Four Springs Capital Trust (FSCT), it…
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Rules & Parameters – Industrial Market Survey
Please reference this PDF for a full breakdown of the rules and parameters used in our Greater Portland Industrial Market Survey.
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We are proud to stand behind our clients…
Please check out our new brand film, now displayed on our homepage, and learn about our client-based approach to real estate. Featuring these wonderful companies – American Roots, Casco Bay Steel, Fluid Imaging Technologies, and Saco River Dyehouse. A huge thank you to Black Fly Media for producing this fantastic video for us.