Maine Property Conversion And Redevelopment: 2023 Update     By Brice O’Connor | Broker         Evaluating property, not on what it is today but rather its long-term potential, has long been a pillar of commercial real estate investing and development. Consider the vast changes in commercial real estate sectors that we’ve seen in recent years. Industrial, multi-family, … Continue reading Maine Property Conversion And Adaptive Reuse

These days, when people think of Maine, they often think of Portland. As Maine’s largest city and business hub, Portland is celebrated for its award-winning restaurants and brewery scene, historic Old Port, and working waterfront. So much so, that robust real estate demand over the past decade has left limited development sites on the Portland peninsula. With record-high price points … Continue reading Development Spotlight: Beyond the Peninsula

Brice O’Connor, Associate Broker Whether you are working on a multi-million dollar commercial development, an office buildout, or simply remodeling your home, you have likely experienced the increasing costs and challenges of the construction process in 2021. Material and labor costs rose sharply through 2020 and continue to climb early in 2021. A report published by Verisk Analytics showed that … Continue reading Rising Construction Costs and Challenges in 2021

The phrase “slap a coat of paint on it” is taking on a whole new meaning as property owners and public officials nationwide seek innovative ways of transforming their buildings and communities. Street Art, a balance of murals and stylish graffiti, is being used to give buildings a new identity while revitalizing neighborhoods into warm energized communities. Graffiti, which has … Continue reading Slap a Coat of Paint on It

4 Factors to Consider When Choosing Office Location Portland is the economic epicenter and most densely populated city in Maine.This area of Greater Portland, especially downtown Portland, has become a desirable office location for many businesses. Although Portland has many benefits for businesses and their employees, it’s important to examine all options when deciding the best location for your office. … Continue reading URBAN VERSUS SUBURBAN