Category: In the news

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.

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.

“It’s a new home for the Somali Bantu Community Association. When the group best known for its farming initiatives moved into its current space on Pierce Street in October 2015, it had one employee, Executive Director Muhidin Libiah. It’s up to eight employees now and a new building at 222 Pine St. will offer three times the room.” The transaction … Continue reading Somali Bantu Community Association moves into new Lewiston headquarters

Plans are underway for a technology and education campus to replace the B&M Beans plant in Portland, reflecting the changing culture and economy of the city.

Real estate development and investment company Torrington Properties (Torrington) has acquired the Newington Park Shopping Center for $13.3 million. Torrington purchased the 15-acre shopping center from real estate investment trust Urstadt Biddle Properties Inc., which owned the property since 1979. The center offers 102,000 s/f of space for commercial, retail and medical offices. Torrington plans to transform the property into a vibrant, … Continue reading Torrington Properties acquires Newington Park Shopping Center for $13.3 million – 15-acre center purchased from Urstadt Biddle Properties Inc.

The 154-acre industrial and business subdivision connected to the Downs development project in Scarborough has completely sold out all of its 54 business lots, the developers said in a release today. The Boulos Company, the Downs’ commercial real estate firm, indicated in the release that it anticipated selling five lots per year, selling off all the lots in ten to … Continue reading Downs building project in Scarborough sells out early

After a year on the market, the Poland Crossing shopping center at 1385 Maine St. in Poland has new owners who hope to soon have two new tenants. JH Holdings bought the 19,893-square-foot, three-building plaza from JTK Holdings with Drew Sigfridson from The Boulos Co. representing the buyer and Patrick Casalinova and Kevin Fletcher of Keller Williams Realty the sellers. … Continue reading Investor sells in Portland, buys in Poland