Category: Multifamily

Three skills that you use every day in your position:  Empathy to understand client’s deeper goals, localized underwriting and negotiation skills.

Arlington, MA BW Kennedy & Co. has hired George Budri as marketing manager. Budri, a Portland, ME native, brings a wealth of experience and a fresh perspective to the marketing efforts. Before joining BW Kennedy, he held the position of general manager and regional marketing manager at Restore

Boston, MA Boston Residential Group (BRG) has secured $90 million in financing to develop 55 India St., the last open development site on the Greenway in downtown. BRG will build a 12-story, glass-facade condominium tower at the site, featuring 29 two- and three-bedroom units

Rochester, NH Real estate development firm, Elm Grove Companies, has started construction of The Rapids On Cocheco, an approved 52-unit workforce housing community at 29 Wadleigh Rd. This will be the company’s ninth venture in the affordable housing arena with other affordable properties in the state totaling 430 apartments

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.