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

10 of 57 lots at Innovation Park, a mixed-use commercial subdivision, have already been reserved, with 40 other parties in various levels of discussion. July 24, 2019 – SCARBOROUGH, Maine – Innovation Park at The Downs, a 154-acre mixed-use commercial subdivision listed by The Boulos Company, has made it through the Scarborough planning board, bringing ten companies one step closer … Continue reading Commercial Reservations and Interest Spike at Scarborough Downs

LEWISTON, ME — July 17, 2019 — The Boulos Company, Northern New England’s largest commercial real estate firm serving owners, investors, and tenants, announced that Little Canada, LLC., controlled by Matt Hancock, has purchased The Lewiston Gateway Portfolio at 500 Canal Street for $6,387,500 from Franklin Properties and Franklin Property Trust. The iconic six property portfolio, in the heart of downtown … Continue reading The Boulos Co. Sells Lewiston Gateway Portfolio for $6.38 million

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

The consumer retail sector continues to strategize around how to reposition physical stores to offset the growing demand of online shoppers. Many experts suggest that retailers have figured it out—companies understand the necessary steps to create a profitable retail experience. This strategy, however, could just be delaying the inevitable. Pop up shops and smaller stores may present a way to … Continue reading The Evolution of Retail Ownership

Strong demand and real estate fundamentals have continued to drive a development boom in the Greater Portland area. Interest from local, regional, and national tenants looking to expand and attract new talent has created a wave of projects across the city. The hospitality sector continues to lead the charge with office not far behind. Below we highlight some new projects … Continue reading Spotlight: New Developments in the Greater Portland Area

The ideal office space is an ever-evolving concept. Large, swanky offices that can double as a bar, as seen on Mad Men, are a thing of the past. Private offices with bulky desks and built-in shelves for three-ring binders are out. The corner office inevitably housing the CEO is no longer a given. The walls are coming down. Unassigned work … Continue reading The Transforming Workspace

The tax reform bill entitled “Tax Cuts and Job Act (TCJA)” that passed in December of 2017 represents the most sweeping reforms since the tax act of 1986. The new measures are set to have a significant impact on both individuals and businesses. The bill will lower income tax rates for most individual tax payers, double the estate tax exemption … Continue reading 2017 Tax Reform Impact

National Trends Despite a rising interest rate environment, investment in national commercial real estate year-to-date was $394.2 billion, up 10.6% from a year ago. For context, 2015 had the largest volume of transaction activity—$569 billion—since the 2009 bottom ($69 billion). 2017 was slower ($487 billion) than 2016 ($511 billion) due to fewer properties available for sale. In this current cycle, … Continue reading Capital Markets Outlook

PORTLAND, Maine and PORTSMOUTH, NH — The Boulos Company, Northern New England’s largest commercial real estate firm serving owners, investors, and tenants throughout Maine and New Hampshire, has hired John Meador as Associate Broker. Meador, who joined the Boulos team in January, will provide the firm’s clients in Maine, New Hampshire, and Northern Massachusetts with expertise in investment sales, leasing … Continue reading The Boulos Company Adds to Growing Brokerage Team

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