City policies have boosted the amount of new housing in the city, but rents and home prices remain unaffordable for about half the city’s residents.
real estate
Posted inBusiness, Local & State, News
Purchase of Brian Boru building gives insurance company control of key piece of downtown
The workers’ compensation insurer MEMIC has now secured a full block of property in the heart of Portland.
advertisement
Posted inBusiness, Local & State, News
Six-story garage proposed as first piece of major project in downtown Portland
The company behind the development near the Old Port wants to build the garage with space for stores, apartments and offices.
Posted inEditorials, Opinion, Uncategorized
Our View: Maine’s way of life is attracting out-of-staters
Most housing searches for the Portland area come from out of state, and that’s good news.
Posted inBusiness, Local & State
Portland waterfront lands another major employer as Sun Life announces move
Sun Life U.S., the domestic arm of a Canadian financial services firm, says it will relocate its 500 employees in Scarborough and South Portland to a new building on the former Portland Co. site.
Posted inBusiness, Local & State
Majority of home shoppers interested in Maine come from out of state
Many big-city dwellers, particularly millennials and those with a connection to Maine, are looking for more affordable areas such as Portland to settle down and raise their families.
Posted inBusiness, Local & State
Developers to break ground on new Bayside housing Wednesday
The 7-story building will have more than 50 apartments, most reserved for low-income seniors.
Posted inBusiness, Local & State, News
Developers break ground on commercial section of Downs project
The project’s ‘Innovation District’ has 57 lots on about 70 acres that have been cleared on the sprawling development connected to the Scarborough Downs racetrack.
Posted inBusiness, Local & State, News
Maine home sales set a record in 2018, and they’re not far off the pace this year
Through August, the total number of sales was less than 1% below the first eight months of 2018 – the state’s best sales year ever.
Posted inBusiness
Gorham Savings opens branch in historic Yarmouth train depot
The branch in the Grand Trunk Railroad Depot on Main Street opened after a yearlong restoration project.