When you look at the overall office market in Greater Portland for 2022, the sector was in transition. Another year removed from COVID, and another year, where we still do not believe we have seen the last of its impacts. Firms are still trying to determine how many of their employees will be returning
Portland, ME Malone Commercial Brokers have received the 2023 CoStar Impact Award in two categories. CoStar’s Impact Awards highlight the commercial real estate transactions and projects that have transformed their markets over the past year. The winners are chosen by independent panels
>Over the past year, the office market in downtown Portland has seen a steady amount of absorption, leading to a 1% drop in the vacancy rate. The overall average rental rate fell compared to last year with the sublease asking rate dropping by 3.3% ($1 per s/f), but the direct asking rate increasing
Portland, ME Prudence Ferreira has joined Thornton Tomasetti’s sustainability practice as a vice president. Ferreira will be heading up the firm’s passive buildings consulting team. She will be assisting
Cape Elizabeth, ME Advisors Living, the residential sales platform of Boston Realty Advisors, held its formal grand opening for the new sales office in Maine, to serve residential buyers and sellers in Southern Maine, including the Greater Portland region from York along the coast north to
Ogunquit, ME Giri Hotels has acquired Anchorage by the Sea, a waterfront hotel located at 125 Shore Rd. The transaction was negotiated by Wason Associates Hospitality Real Estate on behalf of the seller: AMIO, LLC and Anchorage Motor Inn Ogunquit Inc. This acquisition represents the blending of long-time
As I was writing my last president’s message, I couldn’t help but think “Are we going to find out what the current administration considers ‘too big to fail’?” Following the 2007-2008 financial crisis, there were several unprecedented moves made by the Federal Reserve
Bedford, NH Jesse Hepler and Brian Dano of SVN | The Masiello Group have each earned their CCIM Designations. After months of preparation, the pair earned this prestigious 50-year tradition of commercial real estate education and entrepreneurship.
Portland, ME Maine Realty Advisors negotiated the sale of 779 Congress St. to RM Ferrante LLC. The propertyis a10-unit multi-family sold by RSP-Congress Street LLC for $1.225 million. Frank Carr of Maine Realty Advisors and Thomas Gadbois
Cumberland Foreside, ME DeStefano & Associates, Inc. (DAI) has started the construction of a 45-unit condo project on Rte. 1 This four-story structure will contain one- and two-bedroom condos, underground parking, workout room, community area, and car charging port. Completion is planned for spring
