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The Maine Real Estate & Development Association Announces 2015-16 Officers and Welcomes New Board Member


MEREDA is pleased to announce its 2015-16 slated officers, which include Paul Peck of Drummond & Drummond, Brian Curley of PDT Architects, and Bruce Jones of Creative Office Pavilion, all serving as Vice Presidents, and Bill Shanahan of Northern New England Housing Investment Fund as Treasurer. Michael OíReilly of Bangor Savings Bank will continue as President, in the second year of his two-year term, and Shelly R. Clark has been promoted from Assistant Secretary to Secretary of the Board. Shelly also serves MEREDA full-time as the organizationís Vice President of Operations.

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The Maine Real Estate & Development Association (MEREDA) Recognizes Retiring Board Members





Jaimie Schwartz of Bernstein Shur served as a contributing member of the MEREDA Board for the past 13 years. MEREDA recognized Schwartz in 2011 with its Robert B. Patterson, Jr. Foundersí Award, which honors members of MEREDA who have distinguished themselves by making significant contributions to the industry and the organization over many years.



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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.

The Index is quarterly beginning in the first quarter of 2006, which serves as the baseline—an index of 100. This report, which was originally presented on May 12, 2015 at our Annual Spring Conference, covers activity through the first quarter of 2015.

Please note that this report marks a change in methodology to smooth out some of the sharp spikes in certain Index components. As part of this adjustment, some prior quarters have been reconfigured.


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