Category: In the news

Crews set up their construction machinery on Wednesday for Friday

Developers break ground on commercial section of Downs project

September 23, 2019

Crews set up their construction machinery on Wednesday for Friday’s groundbreaking ceremony at the recently cleared site of the Innovation District at The Downs in Scarborough. The developers of a new mixed-use complex in Scarborough broke ground on the commercial center of the sprawling project Friday. The Downs’ Innovation […]

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Bids for a Lewiston office building will start at more than $1 million

September 5, 2019

This office building at 17-19 Mollison Way in Lewiston is the latest in Maine to hit the auction block at online auctioneer Ten-X. The online auction is Sept. 23-25, 2019. A Lewiston office building will go up for sale in an online auction by the same auctioneer that sold […]

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Growing transportation company buys former Oxford wood products factory

August 27, 2019

A former wood products factory in Oxford is viewed by its buyers as a great site for their transportation company. But a fair amount of clean-up at the site will have to be completed first. RideSource Inc. purchased a 68,175-square-foot light manufacturing complex on 15 acres, at 822 Main […]

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Cambria Portland Hotel, part of massive East End development, breaks ground

August 27, 2019

A groundbreaking ceremony was held Monday for a 102-room “brewtel” that will be part of the 211,000-square-foot Bateman Partners development in the city’s East End. The focus Monday was the start of construction for the six-story, 72,797-square-foot Cambria Portland Hotel, which is being developed in partnership with Shipyard Brewing […]

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GO Lab closes deal for Madison paper mill

August 20, 2019

GO Lab Inc., the Belfast building products manufacturer that in April announced its intent to buy a defunct paper mill in Madison, has completed the purchase. In a news release Tuesday, the company said it has closed on the 600,000-square-foot Madison Paper Industries mill, shuttered since 2016. The property […]

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Map of The Downs planned development

Reservations pour in for Scarborough business park

July 29, 2019

Plans for Maine’s first mixed-use business park in 25 years are progressing quickly, with only seven lots still up for grabs inside The Downs in Scarborough. Known as the Innovation District, the 154-acre subdivision will be a core part of a multi-purpose development that will also include a residential […]

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aerial view of lewiston

Six downtown Lewiston properties sold for $6.39M

July 18, 2019

A portfolio of six downtown Lewiston properties has been sold for $6.39 million. Little Canada LLC, controlled by Matt Hancock, bought the properties at 500 Canal St. from Franklin Properties and Franklin Property Trust, according to a news release Wednesday morning. The portfolio comprises three fully-leased Class A office […]

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Anthony Gatti

Watching the river flow: Along the Kennebec, developers and residents are returning to the river

July 11, 2019

North River Co., the new owner of the Lockwood Mill in Waterville, considers the building a diamond in the rough — it’s worse for wear after years of vacancy, but it’s a classic 19th-century mill with soaring ceilings and windows, 3-foot brick walls and pine floors. “They don’t build […]

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Matthew and Nicole Fortin

Location key in couple’s new Portland Back Cove veterinary practice

July 8, 2019

A pair of veterinarians looking to form their own practice have found what they consider the perfect site, close to the region’s vet-focused industries and in a former medical office on the picturesque Back Cove. Veterinarians Nicole and Matthew Fortin plan to open their practice, Back Cove Animal Hospital […]

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Augusta’s Turnpike Mall, historic but beset by vacancies, sold for $3.2 million

June 28, 2019

The largely empty 214,900-square-foot Turnpike Mall has been sold to a New York real estate development firm that specializes in acquisition of retail and office buildings. The $3.2 million sale closed in May, according to The Boulos Co.’s website, after being approved by a federal court in March. The […]

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Developer Paul Boghossian holds a drawing of the Lockwood Mills complex in Waterville, including CF Hathaway Co. mill, in a presentation to members of the Waterville Rotary Club in 2008. Tuesday it was announced that he sold the remaining two Lockwood mills to the North River Company, the current owner of the Hathaway Creative Center.

Mill buildings in Waterville sold and slated for development

June 19, 2019

Developer Paul Boghossian holds a drawing of the Lockwood Mills complex in Waterville, including CF Hathaway Co. mill, in a presentation to members of the Waterville Rotary Club in 2008. Tuesday it was announced that he sold the remaining two Lockwood mills to the North River Company, the current […]

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Two out-of-state furniture chains are opening stores in Greater Portland. Here is a living room display from the Jordan

Robust home sales draw 2 new furniture stores to South Portland

June 17, 2019

Two out-of-state furniture chains are opening stores in Greater Portland. Here is a living room display from the Jordan’s Furniture store in Reading, Massachusetts, one of the two chains coming to Maine. The other, Bernie & Phyl’s, opens in the former Toys R Us space Monday. Well-heeled home buyers […]

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