Category: In the news
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 […]
read morePortland-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 […]
read moreBoulos 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 […]
read moreInvestment 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 […]
read moreGreyhound’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 […]
read moreWoodforest 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 […]
read moreCBRE Brokers $21M Sale of Portland, Maine Apartment Community
November 21, 2019
CBRE has arranged the $21 million sale of Bayside Village, a 101-unit apartment community in Portland, ME for $20.8 million. Built in 2008, the property consists of a five-story residential building with retail and garage parking on the first floor. The property has historically been rented as a student […]
read moreNew podcast features Maine developers and real estate investors
November 18, 2019
Greg Boulos, behind the camera at right, interviews his brother Joe Boulos, a broker and developer, in an episode of “The Boulos Beat” podcast. Collin Henderson of Trail Marker Production is in the foreground and Abigail Henderson, head of social media at Boulos, is to the right. A new […]
read morePeople & Business: Oct. 30
November 4, 2019
Employees of Tyler Technologies in Yarmouth with thousands of bagged socks they donated to Preble Street in Portland. Contributed Giving back After conducting its annual sock drive recently, Tyler Technologies, a Yarmouth provider of software and services for the public sector, donated 9,477 pairs of socks to Preble Street […]
read moreDisabilities services provider sees growing demand, driving need for Lewiston facility
October 15, 2019
Creative Work Systems has purchased a 5,500-square-foot office building in Lewiston to accommodate growing demand for its services, which help people with disabilities to live and work in their communities. Creative Work Systems bought 430 Lisbon St. from Seven Rivers Corp. for $350,000. Justin Lamontagne and Greg Hastings from […]
read moreDowntown deals advance Lewiston’s plans for redeveloped neighborhoods
October 1, 2019
The purchase of three neighboring properties on Pine Street, in downtown Lewiston, is aimed at advancing plans to improve the city’s affordable and market-rate housing stock and general neighborhood revitalization. Lewiston/Auburn Community Housing Inc. bought 40 Pine St. from the estate of James R. Costello Sr. for $377,000. The […]
read moreGO Lab gets $2.4M in FAME financing and other funds for Madison plant
September 10, 2019
GO Lab Inc., the Belfast building products manufacturer that last month closed on its purchase of the shuttered Madison Paper Industries mill, has received $2.4 million in financing to help with the deal and begin retrofitting the plant. The funding package includes a $1.2 million loan underwritten by the […]
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