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May 21, 2024 at 6:00 am · · Comments Off on Penciling the Future: MEREDA Spring Conference Highlights Opportunities for Developing Projects Aligned with Maine‚Äôs Needs

Penciling the Future: MEREDA Spring Conference Highlights Opportunities for Developing Projects Aligned with Maine’s Needs

On Wednesday, May 15th, the Maine Real Estate & Development Association (MEREDA) hosted its annual Spring Conference where close to 300 real estate professionals gathered at the Holiday Inn By the Bay to discuss designing development solutions that align with Maine’s needs for the future. Housing creation is one of Maine’s most significant needs and MEREDA’s event provided an opportunity for industry professionals to hear different perspectives from local, regional, and national experts on this important and complex issue.

‚ÄúOur Spring Conference is a time to look ahead at Maine‚Äôs future. There is a critical need for more housing in our state and we need more developers to be involved in creative housing creation,‚ÄĚ shared MEREDA President Craig Young. ‚ÄúIt can be difficult to pencil out deals for these types of projects, which is why we organized this conference. There are opportunities, like historic tax credits and smart growth design, that can facilitate more projects coming together that will enrich our communities and meet the needs of our state.‚ÄĚ

The event kicked off with a presenter who provided a national perspective, Jonathan Tate, an award-winning architect from New Orleans. Tate‚Äôs international practice is centered around housing development and planning in both rural and urban communities. His creative land use opens up opportunities for density, sustainability, and affordability in unique ways. ‚ÄúThere are opportunities if you can imagine them,‚ÄĚ he said. Tate shared several examples of his innovative work, including developing projects on small, non-conforming lots and working with a non-profit to build a reentry housing project for individuals exiting the incarceration system. Full of creative design and committed to building more housing, Tate‚Äôs work demonstrates how a closer relationship between architects and developers can enable more imaginative construction and problem-solving.

Tate’s presentation was followed by a panel discussion on leveraging historic tax credits for real estate growth. Panelists included Jonathan Culley, Principal at Redfern Properties; John Egan, Senior Program Officer for Strategic Initiatives at the Genesis Fund; and Nate Marcet, a CPA from Albin, Randall & Bennet. The panel was moderated by Marieke Thormann, Vice President of Development at Fathom Companies. The group explored the layers of complexity involved in using historic tax credits while also noting how they are an extremely powerful tool for revitalizing communities. Redfern’s recent transformation of the Mercy Hospital campus in Portland, which will add 171 housing units, provided an excellent example of how the historic tax credit can work.

The afternoon continued with an economic presentation from Kenneth J. Entenmann, the Chief Investment Officer and Chief Economist at NBT Bank. His macro economic discussion included in-depth examination of the definition of Gross Domestic Product (GDP) as a way to illustrate the economy‚Äôs strong environment, as well as discussions on the housing shortage and the federal debt. Playing with the idea of what ‚Äúnormal‚ÄĚ is for the economy, Entenmann urged everyone to manage their expectations around interest rates, arguing that today‚Äôs rates are actually normal, while the low rates of the past few years were abnormal. Summing things up, Entenmann said, ‚ÄúThe economy is not the greatest. It‚Äôs not the worst. But it is a great business environment.‚ÄĚ

After a recognition of MEREDA‚Äôs 2023 Notable Project recipients, the conference concluded with a panel discussion on smart growth and urban development featuring Kevin Kraft and Nell Donaldson from the City of Portland and Tyler Norod, Development Director at Westbrook Development Corporation. The panel was moderated by Jonathan Tate. Kraft and Donaldson started the discussion by providing an overview of the City of Portland‚Äôs ReCode project to update and simplify Portland‚Äôs zoning and development ordinances. A large undertaking that came out of Portland‚Äôs 2017 comprehensive plan, the ReCode project has been working to get the public involved in the technical work of planning for the future of the city, as well as establishing goals for what future growth in the city should include. Kraft and Donaldson discussed Portland‚Äôs focus on developing complete neighborhoods that are walkable and bikeable, and establishing Transit-Oriented Development (TOD) zones to catalyze development along public transit routes. Embedded in the work of ReCode is the concept of smart growth and Norod provided a real-life example of how this approach can revitalize neighborhoods. Built through his work with Avesta, the West End Apartments in South Portland transformed a vacant lot into a mixed-use housing development that improved the neighborhood. With wider sidewalks and first-floor retail spaces, the project illustrates the importance of human-scale design for fostering connection. Norod, an affordable housing advocate, highlighted how affordable housing needs affordable land, which is tied directly to municipal infrastructure. He spoke about the need for more Maine communities to build more housing at a density that is appropriate for each community. ‚ÄúWe need to think holistically about development. We need to plan well and design well. The table needs to be set.‚ÄĚ

With our dire need for more housing, having creative solutions and a better understanding of the tools and mechanisms for making development deals work is essential for Maine’s future. MEREDA’s Spring Conference brought people together from across industries to learn about the opportunities for smart growth and responsible development so more projects that have goals aligned with the needs of our communities can be built.

May 2, 2024 at 8:00 am · · Comments Off on MEREDA‚Äôs Morning Menu ‚Äď Wet & Wild: Developing in Maine‚Äôs Changing Climate

MEREDA‚Äôs Morning Menu ‚Äď Wet & Wild: Developing in Maine‚Äôs Changing Climate

June 5, 2024 ‚Äď 8:30 ‚Äď 10:00 AM
Buffet Breakfast: 8:30-9:00 am

Program: 9:00-10:00 am

In-Person ‚ÄstPre-registration is required.

NEW LOCATION!
McGoldrick Career & Student Success Center
35 Bedford Street, Portland, ME

Seating Capacity:¬†100 ‚ÄstWe will not be able to accommodate walk-ins.

EVENT PARKING:  Everyone that parks on the USM Campus in the Bedford Street Garage is required to use the digital parking system. You can pre-register for your parking session or do it upon arrival. To avoid a parking citation, you must begin your digital parking session Рand pay- within 10 minutes of parking.  You can also pre-schedule your session.  Click Here to Download the Event Parking Instructions.

About the Event:

As we all know, the water levels in Maine aren’t the only things rising and we need to take action to build resilience in our communities. Businesses and individuals are all affected and it is becoming increasingly important to take action at the local level and address the impacts of climate change on our water resources, infrastructure, and communities.

During this event, we’ll be discussing the various challenges and opportunities that arise when building in a changing climate. From rising sea levels to extreme weather events, we’ll explore how we can adapt and build resilience in our communities. Join us on June 5th for an engaging and informative discussion on climate resiliency. We can’t wait to see you there!


Refund Policy: 
Your RSVP is requested by May 29. Payment is expected at the time of registration. No refunds will be granted to anyone who registers, but fails to attend or who cancels after May 29.

Ticket Prices:
Members: $45 each | Non-Members: $55 each

Prices increase by $10 after May 29.

Parking Note:
By purchasing these tickets, you confirm that you have read and understand the Event Parking information provided by the McGoldrick Career & Student Success Center above.

Register HERE

 

This event is sponsored by Norway Savings Bank.

April 19, 2024 at 5:09 pm · · Comments Off on MEREDA to Host Spring Conference on Developing Successful Projects That Meet Maine‚Äôs Evolving Needs

MEREDA to Host Spring Conference on Developing Successful Projects That Meet Maine’s Evolving Needs

On May 15, 2024, the Maine Real Estate & Development Association (MEREDA) will host a conference that delves into upcoming changes that will impact every developer in Maine. With insightful presentations and multifaceted discussions, MEREDA’s Spring Conference brings together a line-up of national, regional, and local speakers and panelists to discuss how development projects can be feasible and contribute positively to evolving societal needs.

‚ÄúMaine‚Äôs development landscape is changing,‚ÄĚ says MEREDA President Craig Young. ‚ÄúWe desperately need development projects that will provide solutions to the affordable housing crisis and climate change. It can be very challenging for developers to make the numbers work when penciling out those projects, but it is possible. Our Spring Conference brings together industry experts for a discussion on how to navigate the challenges of aligning development goals with projects that will create a brighter future for Maine. It will be a great opportunity to learn from people who are making responsible development happen in innovative and exciting ways.‚ÄĚ

Kicking off the conference, MEREDA will host Jonathan Tate, an award-winning architect from New Orleans, who brings an international perspective on housing development and urban planning. The conference will also include an economic presentation from Kenneth J. Entenmann of NBT Bank. Rounding out the conference will be two engaging panel discussions on topics ranging from Historic Tax Credits to Portland’s ReCode. Panelists include Kevin Kraft and Nell Donaldson from the City of Portland; Nate Marcet, a CPA from Albin, Randall & Bennett; Jonathan Culley, Principal at Redfern Properties; Tyler Norod, Development Director at Westbrook Development Corporation; John Egan, Senior Program Officer for Strategic Initiatives at the Genesis Fund; and Jason Howe, Partner at Preti Flaherty.

MEREDA will also recognize its 2023 Notable Project recipients at the Spring Conference. According to MEREDA’s Executive Director, Shelly Clark, the conference will be held at The Holiday Inn By the Bay from 1pm to 5pm on Wednesday, May 15. An application has been submitted for Continuing Education Credits. This event is sponsored by NBT Bank; Preti Flaherty; Mainebiz; Evernorth; Daigle Commercial Group; Sebago Technics; Albin, Randall & Bennett; Criterium Engineers; Efficiency Maine; SageStone; and Pierce Atwood. Registration details can be found here.

 

March 28, 2024 at 10:00 am · · Comments Off on MEREDA‚Äôs Morning Menu ‚Äď Residential Check-In

MEREDA‚Äôs Morning Menu ‚Äď Residential Check-In

April 25, 2024 – 8:30 – 10:00 AM
Buffet Breakfast: 8:30-9:00 am
Program: 9:00-10:00 am

In-Person – Pre-registration is required.

NEW LOCATION!
McGoldrick Career & Student Success Center
35 Bedford Street, Portland, ME

Seating Capacity: 110 ‚Äď We will not be able to accommodate walk-ins.

EVENT PARKING:  Everyone that parks on the USM Campus in the Bedford Street Garage is required to use the digital parking system. You can pre-register for your parking session or do it upon arrival. To avoid a parking citation, you must begin your digital parking session Рand pay- within 10 minutes of parking.  You can also pre-schedule your session.  Click Here to Download the Event Parking Instructions.

About the event: Dive deep into the pulse of today’s residential market at our April 25th breakfast panel discussion, at the McGoldrick Career & Student Success Center at USM in Portland. We welcome experts from across the state to dissect market dynamics, analyze trends, and strategize for success. We will discuss the recent class action law suit, among other important influences on our current marketplace.

Space is limited, so reserve your spot today and elevate your knowledge of the residential real estate market in Maine. Don’t miss this chance to gain a competitive edge, forge valuable connections, and unlock the insights that will drive your success in today’s dynamic market.

Our expert panel include Nova Tower, Partner & Broker at Waypoint Brokers Collective, Julie Dawson Williams, CEO & Broker/Owner of Dawson Inc., and Adam Shub, Partner at Preti Flaherty.  Moderating the panel is MEREDA Board Member, Gwen Hulit, Mortgage Loan Officer at US Bank.

Join us!

Refund Policy: Your RSVP is requested by April 18. Payment is expected at the time of registration. No refunds will be granted to anyone who registers, but fails to attend or who cancels after April 18.

Ticket Prices:
Members: $45 each | Non-Members: $55 each
Prices increase by $10 after April 18.

Parking Note:
By purchasing these tickets, you confirm that you have read and understand the Event Parking information provided by the McGoldrick Career & Student Success Center above.

Register HERE

 

This event is sponsored by Norway Savings Bank.

March 13, 2024 at 1:08 pm · · Comments Off on MEREDA‚Äôs Strikes for Scholars Bowl-a-Thon Fundraiser 2024

MEREDA’s Strikes for Scholars Bowl-a-Thon Fundraiser 2024

MEREDA returns to Bayside Bowl in Portland for it’s Annual Strikes for Scholars Bowl-a-Thon Fundraiser on May 2, 2024!

May 2 @ 5:00 pm – 7:00 pm

Consistent with the tradition of this event, all proceeds will support students pursuing studies and experience in the building trades. Past recipients of the donations have included Maine’s Community College System, the ACE Mentor Program of Maine as well as the AGC Maine Education Foundation.

MEREDA began this event to support students in the building trades and professions 11 years ago and has continued to grow and support the program. Since the fundraiser’s inception, MEREDA is proud to have raised and donated over $166,000 in scholarships helping over 150 Maine students.

We are now accepting applications for Bowling Teams! This event sells out quickly, so download and complete the 2024 Strikes For Scholars Bowl-a-Thon Fundraiser Application and Return with your Payment as soon as Possible!

Want to Increase Your Company’s Credibility and Visibility within Maine’s Commercial Real Estate Sector?

For $1500, sponsors are featured in emails about the event, you can display your company banner at the event, you’ll be mentioned at the event, and we’ll post a number of posts on our social media platforms. The best benefit is that all the net proceeds go directly to deserving Maine students!

We are also looking for a sponsor for our Raffle Drawings of $400.

What you get:

‚ÄĘ ‚ÄúPay it Forward‚ÄĚ with 100% of net proceeds funding the scholarship program

‚ÄĘ Sponsorships provide high visibility on press releases, publications, social media mentions, the MEREDA website and signage at the event.

‚ÄĘ Opportunity to be creative! Best Team Shirts gets a Summer Bowling Party!

‚ÄĘ BRING CASH! We‚Äôll be raffling off two $200 Cash Prizes so come prepared to purchase raffle tickets!

March 12, 2024 at 6:00 am · · Comments Off on MEREDA Recognizes Contributions to Real Estate Development and Policy in Maine in Award Ceremony

MEREDA Recognizes Contributions to Real Estate Development and Policy in Maine in Award Ceremony

On February 29, 2024, the Maine Real Estate and Development Association (MEREDA) recognized three remarkable individuals and a Joint Select Committee for their significant and lasting contributions to real estate development in the state of Maine. The awards were presented at this year’s Forecast Conference at the Holiday Inn By the Bay, which was attended by over 800 real estate professionals.

Left to Right:  Shelly R. Clark, MEREDA Executive Director, Craig Young, MEREDA President, Kevin Bunker, Matt Pitzer, Gary Vogel, and Senator Matt Pouliot on behalf of the Joint Select Committee on Housing. 

Watch the Awards Ceremony!

Gary Vogel was selected for this year’s Robert B. Patterson Jr. Founder’s Award, for his extraordinary commitment and dedication to MEREDA over the years.

Vogel has been practicing law in Portland for over 30 years and is a shareholder at the law firm of Drummond Woodsum. His practice is concentrated in real estate, real estate development, finance transactions, commercial transactions, mergers and acquisitions, and commercial law. Vogel’s work often involves developments utilizing the Federal Low Income Housing Tax Credit, Federal and State Historic Tax Credits and New Market Tax Credits.

Since joining the MEREDA Board in 2004, Vogel has been an integral part of MEREDA, serving as chair of the legislative committee for over a decade, as well as serving two years as President. MEREDA is grateful for his unwavering dedication to these voluntary leadership roles. Under his leadership, MEREDA achieved many legislative accomplishments that have greatly benefited both Maine and real estate development in the state. Vogel was selected to receive MEREDA‚Äôs Public Policy Award in both 2006 and 2011, as well as the Volunteer of the Year Award in 2010, and the President‚Äôs Award in 2014. Over the years, Vogel has generously offered his valuable time and expertise, playing a pivotal role in helping MEREDA thrive. His deep understanding of developmental challenges in Maine, along with his extensive institutional knowledge and experience with MEREDA’s legislative history, have made Vogel’s contributions invaluable to all MEREDA members.

The MEREDA Public Policy Award is presented each year to an individual or group whose efforts have made a significant impact on public policy changes that benefit responsible real estate development and ownership in Maine. This year we recognize the Joint Select Committee on Housing for their leadership around creating housing in Maine.

The Joint Select Committee on Housing, or the Housing Committee, comes out of the Second Regular Session of the 131st Legislature. Led by its chairs, Senator Theresa Pierce and Representative Traci Gere, the Housing Committee, has been tasked with prioritizing housing creation in Maine. The group has undertaken its mission with determination and demonstrated exceptional leadership in policy making. The Housing Committee has taken testimony from all sectors of Maine’s housing economy, and has shown repeated bipartisanship support for pragmatic and sensible solutions. They have worked to tackle emergency and subsidized housing assistance, and are turning their attention to land use and its role in housing creation.

MEREDA believes that the concentrated and pragmatic approach to problem-solving demonstrated by the Housing Committee is a model for lawmaking. Their work has made a practical impact in Mainers’ lives and encouraged the development of affordable housing. MEREDA is eager to continue to work with the Housing Committee and its exceptionally committed members.

The Volunteer of the Year Award is awarded to those who generously share their time, talents, and energy with MEREDA. This year we honor the contributions of Matt Pitzer.

Pitzer is an Architect and Senior Project Manager at Simpson, Gumpertz & Heger. He has a background as a designer specializing in preservation and envelope restoration of prominent historic structures and is committed to design that confers broad social benefits.
At MEREDA, Pitzer has been an active and engaged participant, serving on MEREDA‚Äôs Board of Directors since 2019. More recently, he has taken on the role of DevelopME Committee Co-Chair. Pitzer’s leadership has made a difference in creating professional development opportunities within MEREDA for the next generation of industry professionals. MEREDA‚Äôs DevelopME Committee encourages Maine‚Äôs real estate emerging leaders to become more engaged in the State‚Äôs commercial real estate industry. The committee meets on a monthly basis and provides educational ‚ÄúLunch & Learn‚ÄĚ seminars, networking opportunities with peers, and access to MEREDA‚Äôs Board of Directors, as well as the opportunity to participate in MEREDA‚Äôs advocacy efforts. Pitzer’s dedication to his Co-Chair role has been instrumental in the success of the committee, and MEREDA is grateful for his contributions.

The President’s Award is given by MEREDA’s current President, Craig Young of The Boulos Company, in recognition of someone who has made significant contributions on MEREDA’s behalf. This year’s President’s Award goes to Kevin Bunker for his leadership in building affordable housing and for his support of MEREDA’s efforts.

Bunker is founding principal of Developers Collaborative with projects that run the gamut from residential to industrial, and is known as one of the preeminent builders of affordable housing in southern Maine. His experience in complex financing models, including tax increment financing, the use of tax credits, and other public-private partnerships, have led to creative projects that build community and strengthen the Maine economy in innovative ways. His recent projects include the new homeless shelter and a home dedicated for asylum seekers, both in Portland. Bunker is also an activist promoting the causes of smart growth and downtowns at the state and local levels.

MEREDA is honored to recognize Bunker’s contributions to our state; his commitment to building affordable housing is an example of responsible development in action. As a guest on the MEREDA Matters podcast, as well as a panelist for a Morning Menu discussion on the complexities involved with providing housing and social services for asylum seekers and the unhoused, Bunker has deepened the conversation around financing the development of affordable housing in Maine. We are grateful that he is willing to share his expertise with MEREDA members and is dedicated to doing this important work in our state.

MEREDA congratulates these award winners, and thanks every volunteer whose contributions of time and talent make the association’s continued success possible.

March 5, 2024 at 6:00 am · · Comments Off on MEREDA‚Äôs Forecast Conference Highlights a Robust Real Estate Industry Full of Collaboration & Innovation

MEREDA’s Forecast Conference Highlights a Robust Real Estate Industry Full of Collaboration & Innovation

On Thursday, February 29th, over 800 of Maine‚Äôs real estate and development professionals gathered at the Holiday Inn By the Bay to learn about the latest trends and predictions for the real estate economy at the Maine Real Estate & Development Association‚Äôs (MEREDA‚Äôs) Forecast Conference and Member Showcase. ‚ÄúThe Forecast Conference is an opportunity for us real estate professionals to learn from each other and discuss the important issues in our industry and our state,‚ÄĚ shares MEREDA President Craig Young. ‚ÄúWith thought-provoking speakers like Dr. Habib Dagher and in-depth analysis from industry experts, it‚Äôs an energizing day full of important conversations!‚ÄĚ

The Forecast Conference featured a robust lineup of industry experts presenting on topics that delved into both the opportunities and challenges for Maine‚Äôs real estate economy. The day began with a presentation on innovation in Maine from Dr. Habib Dagher, Executive Director at the University of Maine‚Äôs Advanced Structures and Composites Center. Presenting on his research work that ranges from green building materials and floating off-shore wind turbines to inflatable technology for NASA, Dr. Dagher‚Äôs work highlights the possibilities that can exist when we innovate. For a room full of real estate professionals, perhaps the most exciting aspect of his work is BioHome 3D, a 3D printed house prototype that his lab is perfecting to scale up affordable housing production in a dramatic way. ‚ÄúThis is an opportunity to build more housing stock [and] get more roofs over people‚Äôs heads. Think of this as one solution to move things along.‚ÄĚ Dr. Dagher and his team are currently working with the City of Bangor to develop a neighborhood of 3D printed homes for people who are currently homeless.

The morning continued with an overview of MEREDA‚Äôs legislative agenda with Elizabeth Frazier of Pierce Atwood. Frazier highlighted one bill currently being considered, LD 772, which focuses on permitting predictability and protecting developments from retroactive ordinances. ‚ÄúIt‚Äôs a very small amount of language that will hopefully have a big impact,‚ÄĚ commented Frazier. Next, James Marple, a Senior Economist from TD Bank provided an economic outlook on both a national and state level, sharing that the U.S. economy has outperformed expectations and, at 3.5%, is currently experiencing a 15-year-low in the unemployment rate. For the housing market, Marple highlighted that the limited supply is keeping pressure on home prices, underscoring the dire need for more affordable housing in Maine. Additionally, Marple noted that the economy will be impacted by the upcoming Presidential election.

This was the first year the Conference featured an afternoon format with multiple sessions each hour. In the first group of sessions, the Office & Industrial Outlook featured Justin Lamontagne of The Dunham Group on the industrial market, Nate Stevens of The Boulos Company on the office market, and Charles Day of Porta & Co. on the markets outside of Portland. With continued low vacancy rates in the industrial sector, Lamontagne predicted that there will be some new construction for the industrial sector but not enough, particularly because land is difficult to find. Speaking on the trend of office space conversions to industrial space, Lamontagne noted that while it is easier said than done, ‚ÄúThere are no bad ideas in a market this competitive.‚ÄĚ Meanwhile, Stevens outlined how the 7% vacancy rate in the Greater Portland office market differs from the national trends, which are at about a 20-30% vacancy rate in larger cities. Stevens also discussed the impact conversions have had on the office market, particularly the Class B office space sector. He noted that some 15 buildings in downtown Portland have added residential space, which has removed over 20% of Class B office space. Day then shared an overview of what‚Äôs happening in markets outside of Portland, highlighting the spectacular transformation of Waterville‚Äôs downtown, as well as two major redevelopments in Northern Maine, including the One North Building in Millinocket and The Green 4 Maine Program in Limestone. Continuing the conversation on office conversions, Day also highlighted four office buildings in downtown Bangor that had been converted to residential spaces.

The first session also included Construction Outlook and Regional Outlook panels. The Construction Outlook featured three general contractors – Kendrick Ballantyne of Optimum Construction, Nick Cormier of PM Construction, and Shannon Richards of Hay Runner – who discussed the challenges and opportunities for residential and commercial construction in Maine. The Regional Outlook featured Andre Rossignol of Maine Realty Advisors, Chris Paszyc of The Boulos Company, Brandon Mitchell of Malone Commercial Brokers, and Bev Uhlenhake of Maine Commercial Realty, who discussed some of the significant developments planned for the coming year across the state.

The second afternoon session featured a Retail & Hospitality Outlook with Peter Harrington of Malone Commercial Brokers and Matt Arrants of The Arrants Company. They provided an insider‚Äôs look at the world of retail leasing and the growth opportunities in Maine‚Äôs hotel market. Also in the second session was a Development 101 panel with Josh Soley of Maine Realty Advisors, David Packard of PK Realty, and Marieke Thormann of Fathom Companies. The group of developers discussed how they analyze the risk and rewards of the development process. Lastly, the second session also included a Financing Trends panel with Kim Twitchell of NBT Bank, Matt Early of Gorham Savings Bank, and David Hulit of Ready Capital. With a recap of last year‚Äôs numbers and a look at the emerging trends in the financial landscape, the group discussed where they see caution and optimism in the market. As part of the conversation, Twitchell commented on current interest rates. While she expects they will go down some, she cautioned, ‚ÄúToday‚Äôs rates are more normal. Folks need to get used to that. When penciling out deals, think about where rates are today.‚ÄĚ

The final group of afternoon sessions included a Residential & Multifamily Outlook with Brit Vitalius of Vitalius Real Estate Group, Aaron Bolster of Allied Realty, and Elise Kiely of Legacy Properties Sotheby’s International Realty. The group shared their thoughts on the fast moving and competitive world of residential and multifamily real estate throughout Maine. Another panel was on Upcoming Projects & Developments with three of Maine‚Äôs biggest developers who are working to bring a blend of housing to Maine‚Äôs marketplace – Dan Bacon of M&R Holdings, John Laliberte of Reveler Development, and Rebecca Hatfield of Avesta Housing. The third panel in the session was a Technology & Innovation Outlook with Tim Hebert of Hebert Construction, Stephanie Brock of Red Thread, and Dr. Habib Dagher. The group looked at how technology is changing real estate. Dr. Dagher provided a more in-depth look at the Biohome 3D, which his team is hoping can one day be printed in as little as two days and is 100% recyclable. Brock outlined a few of the ways AI can be used in the workplace, discussing products such as ChatGPT, Microsoft Copilot, and Qbiq. Hebert discussed the many ways technology has already come into the construction industry and improved things, but also saw reason for caution. ‚ÄúSometimes it‚Äôs good to slow down and understand what we‚Äôre doing. We can do things faster, but we still have to do them right.‚ÄĚ That said, Hebert agrees that innovation is the future and the way to answer the question: how do we make the built environment better? This query led him to develop STARC Systems, innovative temporary containment solutions that eliminate the disruption of renovation. The group went on to discuss the cost of new technologies and its accessibility. Dr. Dagher stated that his team is confident the Biohome 3D can one day be produced at competitive pricing, but acknowledged the incredible amount of investment required to produce this new possibility for housing.

At the end of the day it’s clear that Maine’s real estate markets continue to be a driving force in the economy. The challenges and opportunities our state faces will require collaboration and innovation, and MEREDA members will be working together to ensure that solutions are centered on responsible development. Sponsors of the event include TD Bank, Landry/French Construction, Perkins Thompson, The Downs managed by Maine Properties LLC, Mainebiz, Ready Capital, Bar Harbor Bank & Trust, Sebago Technics, The City of Bangor, St. Germain, Belfor Property Restoration, Pierce Atwood, and United Insurance.

February 26, 2024 at 8:00 am · · Comments Off on MEREDA‚Äôs Morning Menu ‚Äď Unhoused Population and Impacts on Commercial Real Estate in Bangor

MEREDA‚Äôs Morning Menu ‚Äď Unhoused Population and Impacts on Commercial Real Estate in Bangor

April 9, 2024 ‚Äď 8:00 ‚Äď 9:30 AM
Buffet Breakfast: 8:00-8:30 am
Program: 8:30-9:30 am

In-Person ‚ÄstPre-registration is required.

LOCATION
Bangor Savings Bank
11 Hamlin Way, Bangor, ME

About the Event:

Bangor is facing a pressing challenge ‚Äď addressing the impact of substance use disorder and the unhoused population on commercial real estate. Our goal is to bring together a diverse range of perspectives to foster open and honest dialogue, compassion, and innovative solutions.

Please join MEREDA for an engaging breakfast discussion on Tuesday, April 9, 2024, at Bangor Savings Bank located at 11 Hamlin Way, Bangor.

Parking is available in the 11 Hamlin Way garage.  Please use entrance on Summer Street.

Our presenters include:

Bob Montgomery-Rice, President, Bangor Savings Bank who will speak to the challenges of lack of workforce housing and business in this area

Cara Pelletier, current council chair, will provide valuable insights into the city’s standpoint on the issue.

Housing Developer, Kevin Bunker of Developers Collaborative will share experiences and potential solutions from a housing development perspective.

Jon Pottle, attorney at Eaton Peabody, is the City of Brewer and other municipalities’ attorney, bringing legal insights to the discussion.

Bev Uhlenhake, Managing Broker at Maine Commercial Realty will moderate the day’s discussion.

Our aim is to create a platform for meaningful discussion, focusing on the intersection of government, real estate, and solutions. By collaborating and learning from various perspectives, we hope to identify viable solutions to address the challenges posed by substance use disorder and the unhoused population in Bangor.

Secure your spot at this important event. We look forward to your participation and contribution to this vital conversation.

Refund Policy: Your RSVP is requested by April 2. Payment is expected at the time of registration. No refunds will be granted to anyone who registers, but fails to attend or who cancels after April 2.

Ticket Prices:
Members: $25 each | Non-Members: $35 each
Prices increase by $10 after April 2.

This event is Sponsored by Bangor Savings Bank, City of Bangor, and Haley Ward.

January 11, 2024 at 10:00 am · · Comments Off on MEREDA’s 2024 Forecast Conference & Member Showcase is on Feb. 29th!

MEREDA’s 2024 Forecast Conference & Member Showcase is on Feb. 29th!

February 29, 2024 @ 8:00 am ‚Äď 5:00 pm

Back at the Holiday Inn By the Bay!
88 Spring Street
Portland, ME

8:00 AM ‚Äď 5:00 PM

MEREDA’s Forecast Conference & Member Showcase is on February 29th at the Holiday Inn By the Bay with an Exciting New Format!

MEREDA is excited to bring you its annual Forecast Conference & Member Showcase ‚Äď Live and In-Person ‚Äď with a new afternoon format on a new date:¬†February 29, 2024! Held at the refreshed Holiday Inn By the Bay, the 2024 Forecast Conference‚Äôs updated afternoon format will allow for attendees to choose between various presentations from industry experts. During registration, you will be asked to select three afternoon sessions. Session capacity will be limited and will vary by the size of each breakout room.¬†We encourage you to register early to secure your preferred session(s).

Click here to view the new format.

About the Event: Each year, MEREDA assembles some of Maine’s top real estate leaders to provide the annual Economic Overview and Outlook on Maine’s economy, along with the popular Market Overview by property type which focuses on both Commercial and Residential Forecasts. This annual conference attracts professionals from Maine’s real estate, construction, finance, architecture, legal, engineering, tourism, and economic development communities. Attendees gain valuable insights on the state of the economy and what lies ahead in the coming months for the real estate industry.

Interested in Exhibiting and/or Sponsoring?

And don‚Äôt miss¬†MEREDA‚Äôs Twentieth Annual Member Showcase with MEREDA Members exhibiting their products and services in front of the ‚Äúwho‚Äôs who‚ÄĚ in commercial real estate.¬†For two decades, the exhibition at MEREDA‚Äôs Forecast Conference has been an integral part of our annual event, providing a unique opportunity to network with MEREDA‚Äôs members. The registration process to secure an exhibition booth is on a first-come, first-served basis.

Sponsoring a MEREDA event provides great exposure and is an excellent opportunity to showcase your company. Sponsorships provide high visibility on press releases, publications, social media mentions, the MEREDA website and signage at the event. You will receive complimentary tickets and be featured prominently in all of our promotional materials. Check out the Exhibiting and Sponsorship opportunities for this event here!

Now is the time to ensure your organization gets maximum exposure to this group of industry leaders. Reserve now to showcase your organization at the 2024 MEREDA Forecast Conference and Member Showcase!

 

CONTINUING EDUCATION CREDITS:
Application has been made for 4 hours by the Maine Real Estate Commission for In-Person Continuing Education Credits for Real Estate Licensees and Appraisers. Approval is pending.

Application has been made to the Maine Board of Overseers for In-Person Continuing Legal Education Credits. Approval is pending.

This course has been approved for 4 hours by AIA Maine for In-Person Continuing Education Credits for Architects.

 

Before you Purchase Your Tickets!  

Are you a MEREDA Cornerstone or Sustainer Level Member? Please remember that as part of your membership benefits, you are entitled to 5 and 2 (respectively) complimentary conference tickets. Please contact the MEREDA office at info@mereda.org to obtain your coupon code(s).

Register Now for Early Bird Pricing!  Prices will increase by $15 after February 22.

REFUND POLICY:  No refunds will be granted to anyone who registers but fails to attend or who cancels after February 22.

Register HERE!

 

This event is sponsored by TD Bank, Landry French Construction, Mainebiz, The Downs, Ready Capital, Bar Harbor Bank & Trust, Belfor Property Restoration, City of Bangor, Pierce Atwood, and Sebago Technics.

December 21, 2023 at 8:00 am · · Comments Off on MEREDA‚Äôs Morning Menu ‚Äď Housing the Unhoused and Asylum Seekers: Understanding the Complexities of Housing and Social Services

MEREDA‚Äôs Morning Menu ‚Äď Housing the Unhoused and Asylum Seekers: Understanding the Complexities of Housing and Social Services

February 1, 2024 ‚Äď 8:30 ‚Äď 10:00 AM

Buffet Breakfast: 8:30-9:00 am
Program: 9:00-10:00 am

In-Person ‚ÄstPre-registration is required.

Seating Capacity:¬†110 ‚ÄstWe will not be able to accommodate walk-ins.

NEW LOCATION!!

McGoldrick Career & Student Success Center
35 Bedford Street
Portland, ME

EVENT PARKING:  Everyone that parks on the USM Campus in the Bedford Street Garage has to use the digital parking system. You can pre-register for your parking session or do it upon arrival. You must begin your digital parking session within 10 minutes of parking.  You can also pre-schedule your session.  Click Here to Download the Event Parking Instructions.

About the Event:  Join MEREDA on February 1st, 2024 at the McGoldrick Career & Student Success Center, 35 Bedford Street, Portland, as our expert panelists engage in a thought-provoking conversation about Housing the Unhoused and Asylum Seekers. This discussion aims to provide a deeper understanding of the complexities surrounding how to provide housing and social services for those who are unhoused and seeking asylum.

Our panelists will share their insights and experiences from working in the field of housing and social services. They will delve into the various challenges and issues faced by the unhoused and asylum seekers, including how one developer has succeeded in developing and financing critically needed housing.

This is a unique opportunity to gain a deeper understanding of the issues surrounding housing and social services for the unhoused and asylum seekers. We encourage you to join us and be a part of this insightful exploration.

Seating is limited. Register now to reserve your spot!

Presenters include:  

Kevin Bunker, Principal ‚Äď Developers Collaborative

Greg Payne, Senior Advisor, Housing Policy ‚Äď Governor‚Äôs Office of Policy Innovation and the Future

Danielle West, City Manager ‚Äď City of Portland.

MEREDA President, Craig Young of The Boulos Company will moderate the program.

Don‚Äôt forget, this breakfast will now run from¬†¬†8:30 ‚Äď 10:00 AM¬†in an effort to accommodate those working around¬†childcare and bus drop offs and pick ups.¬†¬†

MEREDA’s Refund Policy: Your RSVP is requested by January 25. Payment is expected at the time of registration. No refunds will be granted to anyone who registers, but fails to attend or who cancels after January 25.

Ticket Prices:
Members: $45 each | Non-Members: $55 each

Prices increase by $10 after January 25.

Register HERE

This event is Sponsored by Norway Savings Bank.