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January 7, 2021 at 2:29 pm · · Comments Off on Maine’s Leading Real Estate Experts Look to the Future with a Virtual Conference on January 21, 2021

Maine’s Leading Real Estate Experts Look to the Future with a Virtual Conference on January 21, 2021

PORTLAND, Maine–On Thursday, January 21, 2021, leaders from Maine’s real estate industry will take part in a virtual presentation of the Maine Real Estate & Development Association’s (MEREDA’s) Annual Forecast Conference and Member Showcase, sponsored by TD Bank.  As we begin a new year, recovering from a devastating 2020 is on the forefront of everyone’s mind.  The real estate industry, a significant driver of the Maine economy, is a bright spot with future growth potential.  The MEREDA Forecast Conference provides an opportunity for industry leaders to share their insights on what trends and challenges have been impacting real estate in Maine, and what economic opportunities exist for Maine to begin to rebuild its economy.

“I continue to be impressed by MEREDA members and the work they do in our communities to propel Maine forward,” said Josh Fifield, President of MEREDA and a Senior Account Executive at Clark Insurance.

“I can’t think of a better way to begin a dialogue about the future of the Maine economy than by having some of the best minds in real estate share their perspectives on the industry.  Although we cannot be together in the same room, the Forecast Conference is an event where important conversations like these can still take place,”  continued Fifield.

MEREDA’s Annual Forecast Conference is geared towards builders, developers, brokers, attorneys, architects, engineers, municipal leaders, bankers, and accountants, to name a few.  Continuing Education credits are available for brokers and attorneys.

According to Shelly R. Clark, MEREDA’s Vice President of Operations, MEREDA’s Forecast Conference will be produced at O’Maine Studios following strict CDC health and safety guidelines and will be streamed on January 21 from 9am to 4pm.  Registration is available at https://mereda.ticketspice.com/2021-annual-forecast-conference-virtual 

 

December 3, 2020 at 2:08 pm · · Comments Off on Maine Real Estate & Development Association (MEREDA) Names DevelopME Committee Co-Chair

Maine Real Estate & Development Association (MEREDA) Names DevelopME Committee Co-Chair

PORTLAND, Maine (January 8, 2021) The Maine Real Estate & Development Association (MEREDA) is pleased to announce that Portland resident Benjamin Brennan, Sales Executive for KONE Elevators, has been named as co-chair of its DevelopME Committee.  Since 2017, the DevelopME Committee has worked to engage the membership and create professional development opportunities within MEREDA for the next generation of industry professionals.

As a Sales Executive for KONE Elevators, located in Westbrook, ME, Ben is responsible for new equipment business development & project management and partners with stakeholders of new and existing real estate developments.   From providing AIA continuing education, design assistance and pre-construction services to ensuring smooth transition through all stages of project execution, Ben is involved throughout a project’s life cycle.

A graduate of the University of Maine, Ben was hired in 2013 by KONE to deliver energy efficient elevator solutions to the Northern New England market.  As a green energy advocate, Ben’s interests lie in finding a medium between green technology & affordability. Ben also serves on MEREDA’s relatively new Local Issues Committee.

“Ben brings a lot of enthusiasm and energy to the committee,” says Shelly R. Clark, Vice President of Operations for MEREDA.   “We are excited to have Ben step into this role and serve alongside co-chair Cameron Woodford of LIHC Investment Group, and we look forward to working with them in the coming year.”

November 12, 2020 at 8:53 am · · Comments Off on Join MEREDA at its next Virtual Event – Maine Medical Center – An Update: Managing an Expansion During COVID 19

Join MEREDA at its next Virtual Event – Maine Medical Center – An Update: Managing an Expansion During COVID 19

Virtual Event
Thursday, December 17, 2020
8:30 – 9:30 AM

About the Event:

Description: 

In Spring 2018, MEREDA welcomed then Executive Vice President and COO of Maine Medical Center, Jeff Sanders, to speak to MEREDA members about Maine’s largest hospital project, ever. Its purpose was to expand and modernize the hospital to provide the best possible patient care.

Two years later, and in the middle of a global pandemic, we invite you to join us for a construction update on the status of Maine Medical Center’s historic expansion while also managing Covid-19 patients, medical personnel and construction workers.

Moderated by Gary D. Vogel, Attorney at Drummond Woodsum

Our presenters include:

Jeff Sanders, President, MMC

Jennifer McCarthy, COO MMC

Dominic Gagnon, VP Facilities, MMC

Register Here

November 3, 2020 at 6:30 am · · Comments Off on MEREDA Conference Focuses on the Dynamic History and Future Potential of Maine’s Economy

MEREDA Conference Focuses on the Dynamic History and Future Potential of Maine’s Economy

On October 15th, the Maine Real Estate & Development Association (MEREDA) hosted its virtual 2020 Fall Conference.  In challenging economic times, the event brought together industry leaders to contemplate Maine’s past while building a vision for Maine’s future.  MEREDA and its members are committed to having conversations that promote responsible development in Maine and to bringing great people together to work for that common goal.

“In planning our Fall Conference, we were inspired by a speech Joshua Chamberlain gave in 1876 that laid out his economic vision for the state,” says Josh Fifield, MEREDA President.  “Maine has a rich economic history; a history of resilience.  That felt like a good starting point for a conversation with our members about the economic challenges that lie ahead for us,” Fifield continues.

The conference included a keynote address from U.S. Senator Angus King, I-Maine.  In a pre-recorded video presentation, King shared insights on Joshua Chamberlain, one of his heroes.  In reviewing Chamberlain’s speech and progressive vision from 1876, Senator King drew out the parallels to our times on matters such as education, diversity of industry, infrastructure, and immigration.  For example, while Chamberlain spoke of the need for infrastructure such as roads to promote Maine’s great resources, today the need is for broadband.  “That’s the key piece of missing infrastructure right now and I believe if we can fill that gap there’s no stopping Maine,” said Senator King.  “I believe Maine has a huge potential because it’s a wonderful place to live, once we get the infrastructure, particularly the broadband, and if we’re sensible enough to maintain our quality of place, which is what brings people here.  If you can do your work from anywhere, why not do it from a beautiful place like Maine,” Senator King concluded.

Following Senator King were presentations by University of Southern Maine President Glenn Cummings; State Historian Earle G. Shettleworth, Jr.; Economist Charles Colgan, and President of FocusMaine, Kimberly Hamilton.  From Dr. Cummings’ presentation on USM’s expansion and the need for strong public universities to move regional economies to the next level, to Mr. Shettleworth’s overview of Mainers who lived and worked in the first 50 years of Maine’s statehood, to Dr. Colgan’s economic overview: “The Good, the Bad, and the Ugly,” to Dr. Hamilton’s outline of three sectors in Maine’s economy that are primed for global growth, the presentations painted a kinetic picture of Maine’s economy, its strengths and its challenges.  Looking ahead, with the virus playing a huge role in how and when Maine’s economy will begin to recover, Dr. Colgan outlined some of the questions this will pose for the real estate industry, such as  “Are we going back to the office?  Are we going back to a different office?  Do we need the same amount of space or more space for a socially distanced world?”

The event concluded with a panel discussion with individuals from four Maine business that have experienced growth during the pandemic economy: Scott Wellman, CFO of Puritan Medical Products; Amber Lambke, founder and CEO of Maine Grains; Seth Webber, principal with BerryDunn; and Briana Warner, CEO of Atlantic Sea Farms.  The panel was moderated by Andrea C. Maker, MEREDA’s Legislative Counsel and an attorney at Pierce Atwood.  Says Maker, “These four very different businesses from different regions of our state demonstrate that dynamic opportunities exist today across Maine.  It was uplifting to hear from each of the panelists…how they have built their businesses based on Maine resources, seized growth opportunities and built resiliency into their plans.”  Each of the panelists spoke about how the combination of natural resources, quality of people, and the quality of life in Maine contribute to the success of their businesses.  While they’ve all benefited from the resilient workforce present in Maine, they stressed the need for programs to retain and attract more people to the state so businesses can continue to grow, expand, and compete nationally and globally.

In describing the success of Atlantic Sea Farms, Warner talked about the importance of “figuring out your strengths and amplifying them.”  The MEREDA Fall Conference highlighted several of Maine’s strengths – such as its natural resources and beauty, its hard-working citizens, its innovative business community, and its commitment to education.  Amplifying these strengths will be key to rebuilding the economy.  While there is much uncertainty in the years ahead, the MEREDA event highlighted that, as Joshua Chamberlain said, “Brighter days are in store for Maine.”  MEREDA and its members are proud to be part of the conversation and the effort to achieve those brighter days.

October 21, 2020 at 4:50 pm · · Comments Off on Join MEREDA at its next Virtual Event – MEREDA’s Developer’s Toolkit: A Practical Guide to Gaining Public Support and Winning Approval for Development Projects

Join MEREDA at its next Virtual Event – MEREDA’s Developer’s Toolkit: A Practical Guide to Gaining Public Support and Winning Approval for Development Projects

Virtual Event
Thursday, November 19, 2020
8:30 – 9:30 AM

About the Event:

Description: 

Join us as we unveil the MEREDA Developer’s Toolkit! For over a year, MEREDA’s Local Issues Committee has been hard at work crafting this exciting and invaluable tool for MEREDA members. Designed to help developers of all sizes and levels of experience, the Developer’s Toolkit is a first-of-its-kind modular document that covers all public-facing aspects of a development project, including: project scoping, municipal approval processes, public communications and media relations. In addition to general advice and MEREDA Pro Tips, the Developer’s Toolkit includes examples and templates to help developers jump-start the pre-development strategic planning process and guide developers through the project approval process.

Join us for breakfast on November 19 to learn more about this exciting new tool and how it can help you achieve support for your project. Elizabeth Frazier, Associate at Pierce Atwood will introduce the Developer’s Toolkit in the context of a case study, and we’ll hear from panel of experts who will share their own experiences seeking project approval and provide additional insight and advice on topics covered in the Developer’s Toolkit.

Panelists include:

Ethan Boxer-Macomber, Principal, Anew Development

Gary D. Vogel, Attorney, Drummond Woodsum

Rick Licht,  Principal, Licht Environmental Design

Tom Schoening, Associate, Drummond & Drummond

Don’t miss this exciting unveiling of the MEREDA Developer’s Toolkit.

Register Here

September 17, 2020 at 4:24 pm · · Comments Off on MEREDA to Host Virtual Fall Conference on the Future of Maine’s Economy

MEREDA to Host Virtual Fall Conference on the Future of Maine’s Economy

The Chamberlain Model: Back to the Future

For Immediate Release: (September 17, 2020)  On October 15, 2020, the Maine Real Estate & Development Association (MEREDA) will host a dynamic and forward-looking virtual conference on the future of Maine. As we all navigate the uncharted waters of our times, MEREDA and its members are looking to Maine’s success stories, both in the past and in current times, as a way to map our path forward. With much to be learned from the rich history of Maine, MEREDA’s Fall Conference brings together a line-up of exciting speakers and panelists to tie the history of this great state to the economy we face today.

“One of Maine’s favorite sons, Joshua Chamberlain, laid the groundwork for Maine’s future in his speech given in 1876 to celebrate America’s Centennial,” says MEREDA President Josh Fifield. “His vision still resonates in today’s pandemic economy and provides stepping stones for all of us as we work to create Maine’s future,” Fifield continues.

With Chamberlain’s words and vision as inspiration, MEREDA will host featured speakers Senator Angus King, University of Southern Maine (USM) President Dr. Glenn Cummings, and historian Earle G. Shettleworth, Jr. They will discuss the risks and rewards of Chamberlain’s economic outline, outline USM’s plan for growth, and tell the story of Maine through its people.

Complementing these perspectives, Dr. Charles Colgan (Maine Center for Business and Economic Research, Former State Economist of Maine) will give a presentation on Maine’s current economy and provide an update on the key economic numbers that reflect the state of Maine’s real estate industry. He will be followed by Kim Hamilton, CEO of FocusMaine, who will speak about Maine’s great potential for growth in the global economy. The stage will then turn to a moderated discussion with four Maine companies experiencing growth during the COVID economy. Panelists will include Scott Wellman, CFO Puritan Medical Products; Amber Lambke, Founder & CEO Maine Grains; Seth Webber, Principal Berry Dunn; Briana Warner, CEO Atlantic Sea Farms. The panel will be moderated by Andrea Cianchette Maker, Esq. Pierce Atwood, LLP.

The conference will be safely presented in a virtual environment via LiveStream from 8 am to 12 pm on Thursday, October 15. 3 hours of Continuing Education Credits will be available for brokers and attorneys.

For more information, or to register for the conference please visit www.mereda.org.

This event is sponsored by AAA Energy Service Co., BCM Environmental & Land Law, CHA, Criterium Engineers, Maine Magazine, Mainebiz, People’s United Bank, Pierce Atwood, Sevee & Maher Engineers.

September 14, 2020 at 8:00 am · · Comments Off on New Research Shows Maine Historic Tax Credit Delivers Strong Economic Impact Benefiting Local Communities and the State

New Research Shows Maine Historic Tax Credit Delivers Strong Economic Impact Benefiting Local Communities and the State

Maine Legislature urged to protect its historic preservation tax incentive by coalition of historic preservation advocates and industry leaders

This just in!

Recorded Video of Press Event Available

The recorded video of this morning’s press conference is available for your review along with the released report, and historic tax credit project data.

Maine Preservation and its partners, CEI, Greater Portland Landmarks, GrowSmart Maine, and Maine Real Estate & Development Association (MEREDA) held a press conference this morning and shared highlights from the newly released tax credit impacts report.

Links:

 

September 14, 2020, Yarmouth, ME – Recently released research commissioned by Maine Preservation in partnership with CEI, Greater Portland Landmarks, GrowSmart Maine, and Maine Real Estate & Development Association (MEREDA) shows that Maine’s historic rehabilitation tax credit (HTC) has had strong, far-reaching impacts on Maine’s economy and quality of life while more than paying for itself. The “Maine Historic Tax Credit Economic Impacts Report,” authored by Charles Lawton and Frank O’Hara, leading Maine-based economists, illuminates that HTC-aided renovations have added over $166 million to local property tax rolls in host communities, including $17 million in new property tax revenue since 2010. The HTC program has become a major local development tool in its own right with an another $19 million in new income and sales tax revenues are estimated to have come into state coffers since 2008. To date, the program has generated $3 million more in state and local tax revenues than it has cost in tax credits and it is estimated that the net economic benefit to Maine state and local governments will double to at least $6 million annually by 2022.

The data reveals that the HTC has generated $525 million in construction investment; rehabilitating 3.6 million square feet of commercial and residential space; and created or preserved 1,911 housing units, of which nearly 1,300 are affordable. The construction spending alone has generated 200-700 full-time-equivalent jobs annually for the past decade. Additionally, nearly 700 new full-time, year-round jobs have been generated by businesses occupying commercial spaces and in building maintenance, generating $13 million per year in ongoing income to families living in these communities. For insight into how local communities benefit from this program, please see the case studies in the report.

“Maine’s Historic Tax Credit has delivered critically needed economic revitalization to small and large communities through the rehabilitation of more than 100 historic buildings,” said Greg Paxton, Executive Director of Maine Preservation. “The credit is a highly successful incentive to take vacant or underused buildings and thoroughly update and adaptively use them to fill current needs, while heightening civic pride and wellbeing.”

“We see the impact of this tax credit across Maine, from Eastport to Rumford, Portland to Dover-Foxcroft. This tax credit makes possible a mix of housing, retail and hospitality, and commercial uses, all within walking distance, relieving development pressure from undeveloped lands and reducing dependence on vehicles to get around. All this has community, economic and climate benefits, “ notes Nancy Smith, Executive Director of GrowSmart Maine.

“Here in Greater Portland the tax credits continue to help attract private investment for rehabilitation projects throughout the region,” said Sarah Hansen, Executive Director of Greater Portland Landmarks. “Not only do the credits ensure that the revitalization of our historic neighborhoods and commercial districts is economically viable, they contribute to the continued development of much needed affordable and market-rate housing.”

“The historic tax credit program is doing what it was designed to do: spur direct investment and drive other intended benefits of economic revitalization,” said John Egan, Chief Investment Officer, CEI. “By reviving vacant and decaying buildings, we are also bringing young people and jobs back to Maine’s downtowns.”

This research illustrates the substantial and cost-efficient economic benefit of reusing mills, schools, and other vacant or under-used historic resources and affirms the continued need for the HTC to support development projects in Maine’s communities.

The full report text can be found at https://www.mainepreservation.org/maine-historic-tax-credit-economic-impacts-report-2020.

###

Maine Preservation is an independent 501(c)(3) nonprofit member-based statewide historic preservation organization that promotes and preserves historic places, buildings, downtowns and neighborhoods, strengthening the cultural and economic vitality of Maine communities.

About the Partners:

CEI Coastal Enterprises, Inc. (CEI) helps to grow good jobs, environmentally sustainable enterprises and shared prosperity in Maine and in rural regions across the country by integrating financing, business and industry expertise, and policy solutions. CEI envisions a world in which communities are economically and environmentally healthy, enabling all people, especially those with low incomes, to reach their full potential. More at www.ceimaine.org.

Greater Portland LandmarksFounded in 1964, Greater Portland Landmarks’ mission is to preserve and revitalize greater Portland’s remarkable legacy of historic buildings, neighborhoods, landscapes and parks. For more information visit portlandlandmarks.org

GrowSmart Maine is a statewide nonprofit working through community engagement, events and advocacy to build lasting prosperity without sacrificing the quality of life that defines Maine.

Maine Alliance for Smart Growth is a network supported and led by GrowSmart Maine. Smart growth provides choices in how communities respond to growth and change and our goal is to ensure that future generations can prosper and choose to call Maine home.

MEREDA is a statewide, membership-based organization founded in 1985, whose members include real estate owners, for profit and nonprofit developers, architects, engineers, bankers, property managers and other related professionals. Through its advocacy, educational, and networking efforts, MEREDA seeks to promote an environment for responsible development and ownership of real estate throughout the state.

August 25, 2020 at 2:52 pm · · Comments Off on Join MEREDA at its next Virtual Event – Portland’s Eastern Waterfront: Three Creative Developers and their Visions

Join MEREDA at its next Virtual Event – Portland’s Eastern Waterfront: Three Creative Developers and their Visions

Thursday, September 24, 2020
8:30 – 9:30 AM

While this event is free of charge, registration is required.

Register Here

About the Event:

Description:  Seasoned developers David Bateman, Ara Aftandilian, and Jonathan Cohen have transformed Portland’s Eastern Waterfront into a sparkling mix of prestigious office buildings, hotels, restaurants, and residences. Moderator David Soley will focus the discourse on what is happening in this booming region – and the vision for the future.

Moderated by David A. Soley, Partner, Bernstein Shur / East Brown Cow

Our panelists include:

David Bateman, President, Bateman Partners LLC

Ara Aftandilian, President / Managing Member, EssexNorth Portland LLC

Jonathan Cohen, President, AD&W Architectural Doors & Windows

Register Here

July 29, 2020 at 3:17 pm · · Comments Off on Board Members Retire from Real Estate Organization after Many Years of Service

Board Members Retire from Real Estate Organization after Many Years of Service

PORTLAND, Maine (July 29, 2020) The Maine Real Estate & Development Association announces retirements from its Board of Directors.

James M. Whelan, Vice President, Business Loan Officer at Saco & Biddeford Savings Institution has retired from the Maine Real Estate & Development Association’s (MEREDA’s) Board of Directors after 20 years of service.  MEREDA recognized Jamie in 2015 with its Robert B. Patterson, Jr. Founders’ Award, a career recognition award to acknowledge members of MEREDA who have distinguished themselves by making significant contributions to the real estate industry and/or to MEREDA over many years. Jamie was instrumental in MEREDA beginning to take on legislative issues which were an impediment to responsible real estate development. Jamie was a dedicated past president of MEREDA having served a 3-year term rather than the customary 2-year term and also participated on MEREDA’s executive, public policy, and conference committees.

James Palmer, a Partner at Verrill, one of New England’s leading midsize law firms, served as a contributing member of MEREDA’s Board of Directors for the past 16 years. During this time, Jim participated on MEREDA’s Public Policy Committee. At Verrill, Jim has practiced commercial real estate law for more than 30 years. Over that time, he has represented lenders in commercial lending, handled a variety of lease negotiations, and represented developers of office buildings, hotels, and other commercial projects.


Amy Booth
, Facilities & Property Management Expert, served on MEREDA’s Board the last 6 years.   Amy was active on MEREDA’s Membership & Marketing Committee helping develop ways to create additional value for MEREDA’s membership and brainstorming ideas to further enhance the effectiveness of the organization.  She was also active on MEREDA’s “Strikes for Scholars” Bowl-a-Thon fundraising committee.

Also retiring after serving for 6 years is Eben Adams, Partner and Chair of Pierce Atwood’s Real Estate Practice Group. Eben’s practice includes all aspects of real estate law with a focus on commercial and residential development, acquisitions, sales and leasing. Eben participated on MEREDA’s Conference Committee.

“MEREDA has been fortunate to be able to work with so many talented individuals over the years. We are grateful for their dedication and service,” stated Shelly R. Clark, MEREDA Vice President of Operations, “Their contributions are very much appreciated.”

For further information, please contact MEREDA’s Vice President of Operations, Shelly R. Clark at info@mereda.org.

July 21, 2020 at 12:05 pm · · Comments Off on Maine Real Estate & Development Association (MEREDA) Announces Appointments to its Board of Directors

Maine Real Estate & Development Association (MEREDA) Announces Appointments to its Board of Directors

PORTLAND, ME (July 21, 2020) – Rebecca West Greenfield, Partner at Pierce Atwood, and resident of Yarmouth, and Anthony Calcagni of Falmouth, Partner at Verrill, have been elected to the board of directors of the Maine Real Estate & Development Association (MEREDA), a statewide organization of commercial real estate owners, developers and related service providers.

Rebecca West Greenfield maintains a transactional commercial real estate practice involving acquisitions, dispositions, development, leasing, finance, and title and land use analysis. She has particular expertise in project finance for new and existing real estate developments.

Rebecca has represented regional real estate developers, educational institutions, lenders and other commercial entities in a wide array of development and lending transactions involving hotels and resort properties, office buildings, campus expansions, residential subdivisions, and other commercial properties. Her experience extends to certain specialized areas as well, including advising clients in the space of commercial mortgage backed securitized loans and the defeasance of such securitized loans, timberland transactions, and preparation of registration reports pursuant to the requirements of the Federal Interstate Land Sales Disclosure Act.

Anthony Calcagni joined Verrill Dana in 1994. Tony’s real estate practice has focused on acquisitions, development and leasing of commercial property, easements and title matters, zoning and land use, and community associations. Tony has represented the developers of several of the largest wind power projects in the State of Maine. He has served as Chair of Verrill’s Real Estate Department since 2010.

Since 2007, Tony has been recognized in Chambers USA: America’s Leading Lawyers for Business, and listed in The Best Lawyers in America under Real Estate Law. He was accepted as a Fellow of the American College of Real Estate Lawyers in 2015. Tony served as Chair of the Maine State Bar Association’s Real Estate and Title Section from 2016-2018, and served on the Town of Falmouth Planning Board from 2002-2009 (serving as Chair from 2007-2009).

MEREDA’s Vice President of Operations, Shelly R. Clark says, “Pierce Atwood and Verrill have all been longtime supporters of MEREDA, and Rebecca and Tony will be great additions to the Board of Directors. We look forward to their active participation on our various committees and we are excited to begin working more closely with each of them.”

For further information, please contact MEREDA’s Vice President of Operations, Shelly R. Clark at info@mereda.org or visit www.mereda.org.