Commercial Real Estate News – Portland, Maine
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Berlin Mills Wharf Aquired By Chris DiMillo
Berlin Mills Wharf, at 400 Commercial Street, recently sold to Christopher DiMillo. The investment has a variety of potential uses including a restaurant with parking (something unheard of downtown). His…
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Industrial Market Mid-Year Review
NAI The Dunham Group is pleased to present, for the first time, a mid-year review and update to our annual Industrial Market Survey. 2018 marked the first “correction” we’ve seen…
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Ribbon Cutting Held Today for WEX’s New Portland Headquarters
It’s official. The ribbon has been cut at WEX’s waterfront headquarters! WEX will bring 400 new jobs to the city and the headquarters will accommodate the corporate office as well…
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Brewery Extrava Joins Portland’s East Bayside Brewery Scene
A new Belgian-inspired brewery, Brewery Extrava, will join the hopping brewery scene in East Bayside this spring! The 5,000 SF space at 66 Cove Street will house the brewery as…
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Bangor Savings Expands Campus on Waterfront
Bangor Savings Bank’s newly built flagship campus has added another building to the home base. On February 11th, the bank purchased 36 Pleasant Street, a 28,780± SF waterfront office building…
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2019 Industrial Forecast
In case you missed the MEREDA Annual Forecast Conference, Maine Real Estate and Development Association has posted all the video content on YouTube. Here is Justin Lamontagne‘s industrial forecast!
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2019 Industrial Market Survey
Our 2019 Industrial Market Survey is here! Our annual survey is Maine’s only comprehensive study and inventory of the Greater Portland industrial market. Download your copy here!
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WEX Set to “Come Home” to Portland in January
WEX’s new 105,000 SF waterfront headquarters is expected to be move-in ready by late January. The company will bring about 400 employees to the impressive building, which broke ground back in…
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Historic Waterfront Portfolio Sells to Local Developer
Historic waterfront site next to South Portland’s Bug Light Park has passed from one family of developers to another. Thomas Moulton and Katie Millett brokered the sale. Read the Mainebiz…
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Flowfold Acquires New HQ in Gorham
The rapidly growing outdoor and lifestyle brand, Flowfold, has acquired 16 Sanford Drive in Gorham. This 7,500-square-foot multi-tenant industrial building will serve as the company’s new headquarters. The move was…
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Multi-Family Market Update – Summer 2018
Southern Maine’s multi-family investment market remains red hot as we are seeing many qualified buyers, both local and out of state, submitting purchase bids. Increased interest rates of approximately 100…
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Office Market Update – Summer 2018
The Greater Portland Office market has continued at a steady pace in the first half of 2018; there are currently 1.5± MM square feet of office space available for lease.…
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Investment Market Update – Summer 2018
The Southern Maine investment market remains robust. Out of state investors, 1031 tax deferred exchange transactions and historically low interest rates have all contributed to the continued strength of investment…
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Industrial Market Update – Summer 2018
After 20+ quarters of shrinking vacancy rates and rising lease prices, the Southern Maine industrial sector finally saw signs of slight market correction. Vacancy rates have risen for the first…
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Retail Market Update – Summer 2018
Traditional retail, defined as Malls and shopping centers, are experiencing slow absorption of vacant space. It is the retail boxes 20,000 SF and up that are the most problematic. Adding…