Navigating the Complexities of Seller Financing in Maine       By Jessica Estes | President   Today’s interest rates, underwriting standards, and financing timelines can often be an obstacle in closing a real estate transaction. Once the buyer and seller agree on the price and terms for the real estate sale, the broker usually introduces the buyer to commercial … Continue reading Navigating the Complexities of Seller Financing in Maine

Maine’s economy has been unsettled over the past 20 months, much like the rest of the United States. But unlike the rest of the country, Maine, and more specifically, Cumberland and York Counties, have unique challenges and opportunities. Coming economic shifts will impact commercial real estate, as the built environment adapts to changes in how we live, work, and play. … Continue reading Southern Maine CRE Predictions

Melissa Smith on Portland’s Eastern Waterfront and the future of work for WEX In this episode, guest-hosting for Greg Boulos is Partner and Designated Broker Jessica Estes, as she sits down with Melissa Smith, Chair and CEO of WEX. Melissa Smith started at WEX in 1997 as a senior financial advisor and worked her way to the company’s most senior … Continue reading Episode 19 – Melissa Smith of WEX

Who is Signing Your Lease? Jessica Estes, Partner & Designated Broker If you own commercial property, the importance of having financially viable tenants in your property cannot be overstated. Obviously, a stronger tenant is more likely to pay rent and pay it on time – but the financial health of your tenant also impacts your ability to get favorable terms in … Continue reading Who is Signing Your Lease?

In this episode, guest-host, Partner, and Designated Broker Jessica Estes sits down with Joshua Benthien, CEO and Partner of Northland Enterprises. Based in…

In this episode, guest host and Designated Broker Jessica Estes talks with Maine real estate investor, Matt Hancock.

As would be expected, because of the uncertainty in the business climate, our brokers are regularly asked what is happening in the commercial real estate market, and what to expect going forward. Never have we wished so hard for a crystal ball!

PORTLAND, ME June 17, 2019—In mid- 2018, Dava Davin from Portside Real Estate Group put 55 Baxter Boulevard in Portland under contract for sale. The owner of the building was planning to retire and close his practice, leaving the majority of the building vacant in the spring of 2019. Dava’s plans for the building were unclear when she originally decided … Continue reading New Veterinary Hospital to Open in Prominent Portland Location

In January of 2019, we published our annual Market Outlook, which gives an overview of Maine’s Commercial Real Estate Market with an emphasis on the Office sector. One of the most watched indicators of the strength of the office market is the vacancy rate in Downtown Portland’s Class A buildings. 25 buildings comprise the 2 million square feet in this … Continue reading Downtown Portland Mid-Year Class A Update

OK, we’re moving. Now what? Once it becomes evident that your current location no longer supports your  business operations and you’ve made the difficult decision to search for new space, the journey is just beginning. There is no way to overstate the enormity of this task, and your team will be asked to perform many extra duties. If you take … Continue reading Office Relocation Tips

How The Right Workplace Can Help Your Recruiting Efforts As of August, the unemployment rate was 2.4% in Cumberland County, Maine. At this level, economists will tell you that everyone who wants a job has one. So attracting talent means, in most cases, attracting people who already have jobs. It also means that for many companies, attracting and keeping talent … Continue reading Build-To-Recruit