News: Northern New England

Environments at Work furnishes MACTEC office

Environments at Work, New England's Haworth office furniture dealer, installed 90 workstations and furniture for 25 offices at the office of MACTEC. MACTEC renegotiated its lease and gave the space a "face lift" - new carpet, paint and furniture. The conference rooms were furnished with user adjustable mobile tables and seating to support multi-function meeting requirements by using Haworth Planes tables and Haworth Very task chairs. "It was a pleasure working with Environments at Work over the course of this phased project. They did a great job supporting our design intent to meet our expectations for project aesthetics and timeline," said Larry Rogers, facility manager for MACTEC. "We wanted to stay in our existing space and the new office furniture is a great addition." Based in Atlanta, the MACTEC team includes 3,000 employees in 80 locations. Best known for environmental and geotechnical success, MACTEC offers an ever-broadening portfolio of sustainable solutions, from transportation to facility asset management. Haworth's UniGroup Too systems furniture was selected based upon the organizations focus to incorporate a more flexible, ergonomic, energy efficient, and sustainable work environment.
MORE FROM Northern New England

Reveler Development celebrates final phase of work at The Levee - new 51-unit apartment building in Biddeford

Biddeford, ME Reveler Development has begun construction on 10 Upper Falls Rd., the fourth and final phase of Reveler’s master-planned development in downtown,The Levee. “We’re thrilled to embark on this major milestone at The Levee,” said John Laliberte, CEO of Reveler
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Columns and Thought Leadership
Interest rates and inflation - by Matthew Bacon

Interest rates and inflation - by Matthew Bacon

As we all know, interest rates have been changing drastically, with movement in both directions, depending on the type and term of financing. The Federal Open Market Committee has taken drastic action in efforts to curb abnormally high inflation, but it hasn’t controlled labor cost growth to the extent that was intended.

Residential is here to untie the office space doom loop - by Thomas House

Residential is here to untie the office space doom loop - by Thomas House

The glut of unused (and to the owners, undervalued) office space because of the advent of work from home is in the process of becoming homes themselves. Though this is an officially supported trend in Boston and other northeast locations, the conversion
Maine multifamily outlook: Opportunities in Portland, Bangor, and Lewiston-Auburn - Blake Wright and Kristie Russell

Maine multifamily outlook: Opportunities in Portland, Bangor, and Lewiston-Auburn - Blake Wright and Kristie Russell

The multifamily market in Maine’s major cities presents a diverse range of opportunities for investors. We looked at the potential benefits and unique characteristics of three major submarkets in the state: Portland, Bangor, and Lewiston-Auburn. The information below is based on research done in CoStar and county registries, and focuses on multifamily properties that have four or more units. 

The Greater Portland industrial mid-year market update - by Nate Roop

The Greater Portland industrial mid-year market update - by Nate Roop

The industrial market in Maine remains robust, characterized by historically low vacancy rates. As of early 2024, the vacancy rate across the state is below 2%, indicating a continued imbalance between supply and demand. This tight market environment has kept lease rates strong, with many landlords in a favorable position. Asking rates are trending around $10.50 per s/f for