Author: Abigail Henderson

A rendering of the Scarborough Downs redevelopment plan as seen from above

Second Phase of Redevelopment Advances at The Downs in Maine

May 10, 2019

The Town of Scarborough’s Planning Board has granted preliminary approval for Crossroad Holdings’ Innovation District – a 154-acre subdivision to become the future home of light industrial, manufacturing, tech commercial and retail end-users.

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A man makes iced coffee behind the counter at a coffee shop

The Buzz: Lewiston’s where it’s at: New coffee, new proposed school, new cricket snacks

May 10, 2019

This week the Buzz is kickin’ and moving. First up: A little caffeine pick-me-up. Tulio DeAlmeida makes an iced macchiato for himself at the Auburn Aroma Joe’s earlier this winter. The franchisee got approval last week to open a new location in Lewiston.

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Atlantic FCU invests $18M in new SoPo headquarters |

March 3, 2020

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Construction underway of first two Innovation District buildings at The Downs

February 13, 2020

Scarce industrial space and short development timelines are among the factors driving interest in the Innovation District at The Downs in Scarborough. The sales of the first two lots at 90 Payne Road in the 80-acre business park were finalized in December. Oyster Development bought the 1.43-acre Lot 28 […]

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Another strong year in commercial real estate predicted for 2020

February 12, 2020

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Maine’s largest commercial real estate firm releases 2020 forecast

January 18, 2020

The Boulos Company, Northern New England’s largest commercial real estate firm serving owners, investors, and tenants, has released its 2020 Greater Portland Market Outlook, a comprehensive 32-page annual report on the commercial real estate market in southern Maine. Independent research, insider insights  The Market Outlook is researched, written, and compiled by the company’s in-house staff of administrative assistants, associates, associate … Continue reading Maine’s largest commercial real estate firm releases 2020 forecast

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Small leases are big in Monument Square transformation

February 6, 2020

New construction on the Portland peninsula is getting a lot of attention, but with office space at a premium, and driven by some high-profile building sales, Monument Square is going through its own makeover. Particularly after the recession, tenants migrated out of the buildings in Monument Square to renovated […]

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Portland-area investor thrives on looking for the next deal

February 4, 2020

A Falmouth real estate investor has completed a tapestry of transactions over the past half-year aimed at expanding his portfolio of commercial assets. Since September, Wayne Berzinis has bought and sold properties in South Portland, Portland, Gorham and Scarborough in a series of exchanges under section 1031 of the […]

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WEX headquarters building in Portland

Boulos report: Portland-area real estate market won’t succumb to history

January 28, 2020

While history says a bust is coming soon, the Portland-area real estate market this year will continue to be strong, Drew Sigfridson, managing director of The Boulos Co., said in the company’s just-released annual market report . Sigfridson predicts that, despite some cautionary signs, 2020 will continue to ride […]

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Investment group sees value in Topsham retail

January 21, 2020

A group of southern Maine investors was looking for long-term properties in strong growth communities in and around Greater Portland. They found it at a retail center located at 126 Main St. in Topsham. Zenith Investment Group bought the property from Topsham Place LLC for $1.55 million. Josh Soley […]

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Greyhound’s Portland bus station building up for sale

December 17, 2019

The building that houses the Greyhound bus station on Congress Street has been put on the market. The Boulos Company is accepting offers for the site through Dec. 19. Michael Kelley / The Forecaster PORTLAND — The longtime home of the Greyhound Bus terminal is on the market, leaving […]

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Woodforest National Bank Creates $20 Million Opportunity Zone Fund to Support Economic Revitalization Across its 17-State Footprint

November 26, 2019

Woodforest National Bank Creates $20 Million Opportunity Zone Fund to Support Economic Revitalization Across its 17-State Footprint – Pictured from left to right: Sam Spencer, CEO and Managing Director, CEI-Boulos Capital Management; Betsy Biemann, CEO, Costal Enterprises, Inc. (CEI); Noelle St.Clair, Community Development Relationship Manager, Woodforest National Bank; and […]

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