News: Owners Developers & Managers

CBRE | The Boulos Company completes multiple deals in Maine

CBRE | The Boulos Company completed the following deals: * Pettengill Learning Academy leased 10,336 s/f at 1 Atlantis Way, Lewiston, ME. The property was leased from landlord MRE, LLC. The building will be converted to a day care and early child learning center. Pettengill Academy will open in this location in October. The building was formerly occupied by TD Bank for back-office functions. Last year, local investor MRE, LLC purchased the vacant building and listed it for lease. Chris Paszyc, CCIM, SIOR, represented the landlord in the transaction. * Casco Bay Eyecare leased 3,976 s/f at 455 Fore St., Portland. Casco Bay Eyecare, an optometry group founded in 1998, has five Maine locations. This fall, they will move their Portland office from Middle St. to Two Portland Sq. Their new location will boast a prominent street-level retail presence at the corner of Fore and Union Sts. Andrew Ingalls represented the tenant in the transaction and Drew Sigfridson, SIOR represented the landlord, North River IV, LLC. * Veranda Thai leased 2,691s/f at 245 Commercial St., Portland. Veranda Thai will be opening in the former Salt Exchange location this fall, having signed a lease with landlord Casco View Holdings, LLC.Catie Cardner and Sigfridson represented the landlord in the transaction. * Painting with a Twist leased 3,840 s/f at Saco Valley Shopping Center. This will be the franchise's first Maine location. Painting with a Twist was founded in 2007 in Mandeville, LA, and there are 235 locations nationwide. Ty Hobbs arranged the transaction on behalf of the landlord, Saco Valley, LLC. * CVS State Capital, LLC purchased a redevelopment parcel from seller Gilmore Seafood. The buyer plans to construct a retail pharmacy on the site. Charles Day represented the seller.
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Tenant Estoppel certificates: Navigating risks, responses and leverage - by Laura Kaplan

Tenant Estoppel certificates: Navigating risks, responses and leverage - by Laura Kaplan

When it comes to the sale or financing of real property, tenant estoppel certificates are not just formalities – they are crucial documents that confirm the status of existing leases. Tenant estoppel certificates offer prospective buyers and lenders necessary assurance regarding the property’s financials and any
Unlocking value for commercial real estate: Solar solutions for a changing market - by Claire Broido Johnson

Unlocking value for commercial real estate: Solar solutions for a changing market - by Claire Broido Johnson

As the commercial real estate market continues to navigate the disruptive forces of rising vacancy rates and increasing operating costs, landlords are under pressure to find new levers to protect income and strengthen asset performance. Amid these challenges, onsite solar and battery storage – particularly when financed through third-party ownership models – are emerging not just as environmental upgrades, but as powerful financial strategies.
New Quonset pier supports small businesses and economic growth - by Steven J. King

New Quonset pier supports small businesses and economic growth - by Steven J. King

Quonset recently celebrated a milestone nearly 70 years in the making when federal, state, and local leaders joined us for the ribbon cutting of the new Terminal 5 Pier and Blue Economy Support Docks at the Port of Davisville.
Connecticut’s Transfer Act will expire in 2026. What should property owners do now? - by Samuel Haydock

Connecticut’s Transfer Act will expire in 2026. What should property owners do now? - by Samuel Haydock

A major shift in Connecticut’s environmental law is on the horizon: the state’s Transfer Act will expire next year, ushering in a new cleanup program with broader applicability and new triggers.