Meanwhile, the Civic Center Drive site where market rate apartment complex was proposed to target medical workers has been put up for sale for $6.5 million.
real estate
Posted inBusiness, Local & State
Freeport shopping center sells for $20 million at auction
The company that holds the mortgage on the Freeport Village Center bought the 3.6-acre complex after the auctioneer received only one bid for $5 million, well below the $32.5 million assessed value.
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Posted inBusiness, Local & State, News
Entire block of downtown Freeport to be auctioned after developer breaches mortgage
The Freeport Village Station retail center, which is valued at $32.5 million and includes an L.L.Bean outlet, is scheduled to be auctioned Wednesday as part of a foreclosure.
Posted inMaine Voices, Opinion
Maine Voices: Calls for aggressive housing development miss bigger picture
The consequences of overdevelopment aren’t being given sufficient consideration.
Posted inBusiness
Have home prices bottomed? While low housing inventory stymies sales, bidding wars prop up prices
The combination of high borrowing costs and intense competition for affordable homes is keeping many first-time buyers on the sidelines.
Posted inBusiness, News
Linda Bean sued for $228,000 by Boulos Co. over real estate dispute
The granddaughter of L.L. Bean allegedly failed to pay the firm a required commission related to the sale of a retail building in Freeport.
Posted inBusiness, Local & State, News
At $10 million, one of the priciest homes in Maine history goes to former SEC chair
Richard Breeden, known as ‘King Richard’ at the Securities and Exchange Commission, bought the Knox County estate in the most expensive home sale so far this year and the 6th-highest ever in Maine.
Posted inBusiness, News
With a significant price increase in April, Maine’s housing market may be heating back up
The lack of inventory again hampered sales, but bidding wars are starting to resume and prices rose by more than 6%.
Posted inBusiness, News
Maine home foreclosures plummet while sales drop, prices inch up
New data on foreclosure filings and on recent home sales create a mixed outlook for the state’s residential real estate market. But it appears stronger than those in many other states.
Posted inReal Estate, Sponsored
Waypoint Brokers Collective is the first and only brokerage in Maine to be fully Green Designated
Waypoint now has the training and tools to assess a property’s energy efficiency, advise owners, developers, and buyers on the resources to make sustainable improvements, and calculate the value of their investments.