
Portland, ME Julie Quimby, Ph.D. of Soulful Spaces, LLC purchased 171 Warren Ave. for $666,000. Dr. Quimby is a licensed psychologist, founder, and CEO of Psychology Specialists of Maine. She leases space at Two Portland Sq., and at 14 Maine St. in Brunswick, and is excited to expand her practice to include psychiatry services and start renovations on the 3,954 s/f building, for which her vision is to create a warm and inviting “modern farmhouse” aesthetic.
The transaction was handled on behalf of the seller, Poulin Property Holdings, LLC, by The Boulos Company’s Craig Young and Sasha Phillips and on behalf of the buyer by Melanie LeClair.
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.
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.