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The Faulty Workmanship Exclusion in Builder’s Risk Insurance Measure Thrice, Cut Once

Sep 14, 2021 | Maine Real Estate Insider

By George F. Burns, Shareholder, Bernstein Shur Builder’s risk insurance is perhaps the least understood insurance product in the construction world. Even sophisticated construction participants are not quite sure what a builder’s risk insurance policy covers, who has...

The Right Equation for Responsible Development: Spotlight on One Merchants Plaza

Sep 7, 2021 | Maine Real Estate Insider, MEREDA News

Each year, the Maine Real Estate & Development Association (MEREDA) recognizes some of the state’s most “noteworthy and significant” real estate projects, completed in the previous year. The exemplary projects from across the state, completed in 2020, not only...

Like-Kind Exchanges Present a Number of Tax Deferral Options Part 2 of 3

Aug 24, 2021 | Maine Real Estate Insider

By S. Andrew Smith, CPA, Principal, Baker Newman Noyes This article is the second in a 3-part series on the mechanics and tax benefits of Like Kind Exchanges In Part I of our series of articles we discussed some of the recent legislative changes to the §1031 rules and...

The Right Equation for Responsible Development: Spotlight on Solterra

Aug 17, 2021 | Maine Real Estate Insider, MEREDA News

Each year, the Maine Real Estate & Development Association (MEREDA) recognizes some of the state’s most “noteworthy and significant” real estate projects, completed in the previous year. The exemplary projects from across the state, completed in 2020, not only...

Escalation Clause: An Escape from the Price-Spike Trap

Aug 10, 2021 | Maine Real Estate Insider

By Jason G. Howe, Partner, Preti Flaherty Anyone in real estate development would have to be living under a rock not to know about skyrocketing lumber and material prices in the “post”-pandemic world. Pre-pandemic, the average cost for 1,000 board feet of was...
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