Commercial Real Estate News – Portland, Maine
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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…
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New Listing: Children’s Museum of Maine Building at 142 Free Street
New on the market! We are pleased to offer the The Children’s Museum of Maine building for sale. Located at 142 Free Street, this is a unique opportunity to own…
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Sam LeGeyt Joins Our Brokerage Team
We are pleased to announce a new addition to our brokerage team! Sam LeGeyt joins us with experience in the Greater Portland office and investment markets. Prior to joining The…
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‘Layered’ Deal at Foden Road in South Portland
‘Layered’ deal at Foden Road in South Portland results in a commercial condominium agreement for Agren Appliance and Bedderrest. Read the summary by Mainebiz here. We are also listing the…
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Industrial Vacancy Rate at All-Time Low
Greater Portland’s industrial vacancy rate is at an all-time low. Justin Lamontagne speaks with Mainebiz about this economic crisis.
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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…
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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…
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Richardson Allen Building Manufacturing Facility in Mill Brook Business Park
Richardson Allen, high-end outdoor furniture makers, purchased a 3.81 acre lot in Mill Brook Business Park in Saco to construct a new manufacturing plant. They are expected to move into…
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385 Congress Street – Former Press Herald Print Building – Sold
This highly visible part of downtown encompasses an entire city block, right next to City Hall. The 2.2± acre property consists of an industrial building (formerly the Press Herald print…
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WEX and Cohen Break Ground on Portland Headquarters
WEX was welcomed to Portland by city officials and developer Jonathan Cohen in a groundbreaking ceremony held this morning. 1 Hancock Street is the site of the company’s new world…
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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…
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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…