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An Increase in the MEREDA Index Provides Encouragement for the Real Estate Development Community


The MEREDA Index is the leading way our industry tracks changes in Maine’s real estate markets. It’s a composite of nine measures reflecting activity in both new development and existing properties, in commercial and residential markets, as well as construction employment. 

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MEREDA's 3rd Annual "Strikes for Scholars" Bowl-A-Thon Fundraises Over $10,000 for Community College Scholarships





MEREDA hosted its 3rd Annual “Strikes for Scholars” Bowl-a-Thon fundraiser at Bayside Bowl in Portland on April 30th. The event supports scholarships for Maine students enrolling in the building trades, architecture, engineering, construction, or business programs at Maine's community colleges. Partnering again this year with the Maine Community College System, MEREDA raised over $10,000, and will fund one $1,450 scholarship at each of the state's seven community colleges and support Maine students as they prepare for careers aligned with MEREDA's mission of responsible development and ownership of real estate in Maine. 



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  Maine's Growing Food Economy & Its Impact on Real Estate  
Over 280 industry professionals gathered this week to discuss the commercial real estate implications of Maine’s booming food and beverage economy. Maine has become a culinary destination, known for not just lobster, but beer, coffee, organic produce, sea and freshwater products. An exploding foodie culture means a growing need for production facilities, enhanced supply chains, specialty storage and many other real property infrastructure assets, old and new.  

Betsy Biemann who directs the Maine Food Cluster Project at Harvard University gave a top-level overview of these trends, stating the number of breweries in Maine has doubled since 2012; there is a growing demand for local, organic food seen by the increasing number of independent grocers and food co-ops; the aquaculture industry remains strong up and down the coastline; and farmers are extending the growing season using old and new technologies and production methods. This insight was echoed by John Piotti, President and CEO of Maine Farmland Trust. He also added that Maine’s farming economy is a “renaissance in progress” with the need for new infrastructure – greenhouses, cheese rooms, poultry processing, multi-purpose facilities.


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