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January 17, 2019 at 8:00 am · · Comments Off on Maine Real Estate & Development Association Recognizes Retiring Board Member

Maine Real Estate & Development Association Recognizes Retiring Board Member

The Maine Real Estate & Development Association (MEREDA) has announced that Bruce Jones of Cumberland has retired from MEREDA’s Board of Directors after 7 years of service.  Becoming active in MEREDA in 2010, Bruce has had several roles within the organization.  He has served as one of MEREDA’s vice presidents since 2015, has co-chaired the Conference Committee and served on the Executive Committee.  Bruce was awarded MEREDA’s President’s Award in both 2011 & 2016.

Bruce has worked in the commercial furniture industry for over 20 years, serving in various sales, management and business development roles. Since starting with Creative Office Pavilion in 2004, Bruce has worked with business owners and managers to provide creative furnishing solutions that support their business objectives.

“MEREDA relies heavily on its volunteer board and committee members, and Bruce has been a dedicated volunteer and contributed with enthusiasm on every level,” commented Shelly R. Clark, MEREDA’s Vice President of Operations.  “From endless brainstorming to expert panelist coordination and ultimate execution of MEREDA’s trademark conferences, this commitment to MEREDA’s vision and mission has earned Bruce his third President’s Award for 2019”!

Bruce announced his retirement from both Creative Office Pavilion and the MEREDA Board at the end of 2019.  He plans to spend more time with his family, enjoy his many outdoor passions and continue his volunteer work with the Rotary Club of Portland.

For further information, please contact MEREDA’s Vice President of Operations, Shelly R. Clark at 207-874-0801 for visit www.mereda.org.

January 9, 2019 at 3:26 pm · · Comments Off on MEREDA’s Morning Menu Breakfast Event “Opportunity Zones: Bangor Edition – What you Need to Know to Take Advantage of this Opportunity in Real Estate and Beyond”

MEREDA’s Morning Menu Breakfast Event “Opportunity Zones: Bangor Edition – What you Need to Know to Take Advantage of this Opportunity in Real Estate and Beyond”

The 2017 Tax Cuts and Jobs Act created a bi-partisan tax incentive program based on economically distressed Opportunity Zones.  Investors in Qualified Opportunity Zone businesses now have the ability to defer, and to some extent eliminate, recent capital gain income, by properly investing their gain proceeds.  Gov. LePage has designated 32 Opportunity Zones in Maine ranging from Saco to Madawaska, which opens the door for real estate developers pursuing projects in these designated areas to tap into a whole new group of tax savvy investors.

Join MEREDA for breakfast on February 26 from 7:30 AM – 9:00 AM at the Hollywood Casino Bangor to learn more about these complicated new rules.  Panelists  Andy Smith and Nelson Toner will offer insights about how the legislation will impact the real estate industry and the tax advantages available to investors in Opportunity Zone projects.

About the Event:

February 26, 2019 – 7:30AM to 9:00AM

Hollywood Casino Bangor
500 Main Street
Bangor, ME 04101

Breakfast: 7:30 AM Program: 8:00 – 9:00 AM

About the Panel:

For more than 30 years, Nelson Toner has practiced law at Bernstein Shur providing tax planning, estate planning and business succession planning to individual and business clients.  Prior to working at Bernstein Shur, Nelson worked in the tax department at the Boston office of Grant Thornton, an international accounting firm during the halcyon days of pre-1986 real estate syndications.  Nelson gives many local and state seminars, including a regular presentation at the Maine Tax Forum each autumn, and for many years taught Estate and Gift Tax at the Maine Law School.  He also writes the S Corporation column for the Journal of Passthrough Entities, a national tax publication.

Nelson earned a bachelor’s degree in mathematics from Trinity College (Hartford), a JD  degree from Case Western Reserve University, and an LLC in taxation from Boston University.

Andrew Smith is a principal at Baker Newman Noyes, specializing in assisting his clients with practical advice and creative solutions to their most challenging business issues, including tax efficient structures for business transactions; fixed asset analysis; succession planning; and tax deferral and reduction strategies. He also works with real estate clients of all sizes on cost segregation studies, like-kind exchanges, and historic rehabilitation credits. In addition to serving clients, Andy is also actively  involved in the firm’s college recruiting initiatives, having begun his career at the firm in 1997 as an intern and leads the tax department’s Multi-Generational Business group.

He earned a bachelor’s degree in business administration, with concentrations in accounting and finance, from the University of Maine, Orono.

Registering for this Event:

MEREDA Member: $25 each  | Non – Member: $35 each
Register After February 19:  Member: $35 each  |  Non-Member $45 each

Your RSVP is requested by February 19, 2019. 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 February 19, 2019.

This MEREDA Morning Menu Breakfast Event is Sponsored by the City of Bangor and Bangor Savings Bank.

Click here for more information and to register.

January 7, 2019 at 10:07 am · · Comments Off on MEREDA’s Morning Menu Breakfast Event “Everyone Needs an Affordable Home: Building on Housing Solutions That Work”

MEREDA’s Morning Menu Breakfast Event “Everyone Needs an Affordable Home: Building on Housing Solutions That Work”

Safe, affordable housing is a basic human need. It can lower stress, bolster health and reduce transiency, enabling children to perform better in school, adults to retain jobs, and neighbors to feel connected and safe. Unfortunately, Maine is experiencing a fundamental mismatch between its housing stock and its housing needs, and that mismatch is creating enormous problems for our families and our state’s economic well-being. For tens of thousands of Mainers, the price, quality, size and location of the homes available to them are simply out of synch with their needs and resources. This housing market failure affects wide swaths of Mainers, but seniors on fixed incomes, people with disabilities, and lower-wage workers are particularly affected. Come hear a panel of experts in the housing policy field present the latest data on Maine’s affordable housing crisis, its impact on Maine people, and a major new initiative being considered by the state Legislature to increase the rate of production of affordable homes statewide.

Join MEREDA for breakfast on February 7 from 7:30 AM – 9 AM at the Portland Regency Hotel for a panel discussion with experts in the housing policy field. Amy Cullen from The Szanton Company will moderate the conversation as our panelists present the latest data on Maine’s affordable housing crisis, its impact on Maine people, and a major new initiative being considered by the state Legislature to increase the rate of production of affordable homes statewide.

About the Event:

February 7, 2019 – 7:30AM to 9:00AM

Portland Regency Hotel
20 Milk Street
Portland, ME 04101

Breakfast: 7:30 AM Program: 8:00 – 9:00 AM

About the Panel:

Amy Cullen is a development officer at The Szanton Company, where her responsibilities include financial analysis, performing due diligence on potential sites for projects, completing financing applications, and coordinating with lenders, attorneys, architects, contractors and others on all aspects of The Szanton Company’s development projects. Amy also serves as the President of Saco Falls Management, where she is involved with the planning, implementation, marketing and operating strategies for a variety of properties in Maine and New Hampshire.

Greg Payne is the Director of the Maine Affordable Housing Coalition, a diverse association of more than 135 private and public-sector organizations committed to ensuring that all Mainers are adequately and affordably housed. He is also a developer of affordable rental homes at Avesta Housing, a non-profit housing agency based in Portland. Greg has more than 20 years of experience on issues related to housing and homelessness, and currently serves as the chairman of the board of the National Low Income Housing Coalition.

Jess Maurer is the Executive Director of the Maine Council on Aging, a broad, multidisciplinary network of more than 75 organizations, businesses and community members working to ensure we can all live healthy, engaged and secure lives as we age in our homes and in community settings. In this role, she advances statewide public policy initiatives, provides leadership within Maine’s aging network and supports Maine’s Legislative Caucus on Aging. Her areas of specific focus include housing, transportation, workforce, “aging in place” and care across all settings.

Dana Totman is the President & CEO of Avesta Housing, a nonprofit affordable housing provider with 45+ years of experience as a leader in affordable housing development and property management in southern Maine and New Hampshire. He has led Avesta through significant growth over the past 18 years, with a focus on staff leadership, cultivating partnerships and opportunities, and organizational change. Dana’s career has focused on nonprofit and government management and leadership, specializing in guiding organizations through significant change.

Rick McCarthy is the Managing Director of Eaton Peabody Consulting Group, the government relations and economic development affiliate of Eaton Peabody. Prior to joining Eaton Peabody Consulting Group, Rick served as Chief of Staff to several Maine Senate Presidents. He is recognized in the State House as a skilled consensus builder who is well versed on the major public policy issues of the day. His experience in state and federal budget and finance is particularly strong, along with the topics of transportation, housing, and early care and education.

Registering for this Event:

MEREDA Member: $45 each  | Non – Member: $55 each

Register After January 31:  Member: $55 each  |  Non-Member $65 each

Your RSVP is requested by January 31, 2019. 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 31, 2019.

This MEREDA Morning Menu Breakfast Event is Sponsored by Norway Savings Bank. 

Click here to register now.

December 17, 2018 at 11:12 am · · Comments Off on Maine’s Leading Real Estate Experts to Gather for Economic Analysis of Industry on January 17th in Portland

Maine’s Leading Real Estate Experts to Gather for Economic Analysis of Industry on January 17th in Portland

On Thursday, January 17, 2019, nearly 900 of the state’s leading real estate experts will gather in Portland at MEREDA’s Annual Forecast Conference and Member Showcase sponsored by TD Bank.  Real Estate continues to be a significant driver of the Maine economy and the MEREDA Forecast Conference provides an opportunity for industry luminaries to share their insight with peers on the health of and challenges faced by their industry. In addition, MEREDA will unveil the MEREDA Index at the conference, a key economic indicator measuring the pulse of the real estate industry.

“We are now in our 5th year of generating the Index and it continues to provide informative analysis that becomes more and more meaningful for our industry,” said Gary Vogel, president of the board of MEREDA and an attorney at Drummond Woodsum.

“While the Index is regarded as a great tool, the Forecast Conference is an event where the important conversations happen—we gather some of our industry’s best minds in one place to reflect on and discuss the trends and factors influencing real estate of all types in Maine,” continued Vogel.

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

According to Shelly Clark, MEREDA’s Vice President of Operations, MEREDA’s Forecast Conference will be held at the Holiday Inn By the Bay in Portland from 9am to 5pm.  Registration is available at MEREDA.org and is expected to sell out.

MEREDA’s Annual Forecast Conference is sponsored by TD Bank.

MEREDA’s upcoming edition of the MEREDA Index is sponsored by Eaton Peabody, Benchmark Residential & Investment Real Estate, Katahdin Trust Company, Reger Dasco Properties, Redstone, and XPress Copy.

November 2, 2018 at 1:59 pm · · Comments Off on MEREDA’s Morning Menu Breakfast – Workforce Development: A Conversation with Labor Economist, John Dorrer, and Chief Executive Officer of Associated General Contractors of Maine, Matt Marks

MEREDA’s Morning Menu Breakfast – Workforce Development: A Conversation with Labor Economist, John Dorrer, and Chief Executive Officer of Associated General Contractors of Maine, Matt Marks

Building the next generation of skilled workers is a national challenge. Maine can be a leader in its approach to building a trained workforce with your help!

Join MEREDA for Breakfast in Biddeford at Pepperell Mill Campus on November 29th for a conversation with Labor Economist John Dorrer and Matthew Marks, CEO of the Associated General Contractors of Maine.

Recruiting and training a highly skilled workforce are key to industry growth and profitability -we must meet the challenge.

Download the Event Brochure

About the Event:

November 29, 2018 – 7:30AM to 9:00AM

Pepperell Mill Campus
40 Main Street
Biddeford, ME

Buffet Breakfast: 7:30-8:00 am
Program: 8:00-9:00 am

About the Panelists:

John Dorrer is a labor economist and workforce analyst who has been tracking Maine workforce and labor market issues for over 40 years.  Dorrer has worked at the local, state and national level in a variety of leadership, executive and technical roles, including Chief Workforce Strategist, Maine Community College System, Senior Advisor at Georgetown University, Center on Education and the Workforce, Director of Labor Market Research at Jobs for the Future in Boston, Acting Commissioner of the Maine Department of Labor, Director, Center for Workforce Research and Information at the Maine Department of Labor, Deputy Director, Workforce Development Programs at the National Center on Education and the Economy in Washington D.C.

John has held many appointments to multiple national and state panels, boards and study groups including Public Policy Advisory Committee, Boston Federal Reserve Bank, Consensus Economic Forecasting Commission and Maine Economic Growth Council, Trustee, Mid-Coast Regional Redevelopment Authority (MRRA) 2011-2015 and currently, serves as Board Member, Maine Center for Economic Policy, Coastal Enterprises Inc.(CEI), Research Committee, Maine Economic Focus Initiative and Alfond Leaders Advisory Committee.

Matthew Marks, a native of South Portland, Maine, was selected as the Chief Executive Officer of the Associated General Contractors of Maine in August 2012. In 2008 he joined AGC Maine as the Chief Operations Officer. As the COO he managed the regulatory issues for the Chapter. He is a graduate of University of Southern Maine’s Applied Technical Leadership Program. In 2013, he was selected as the University of Southern Maine’s Applied Sciences Alumnus of the Year. Matt served on various active committees including the Maine Dig Safe Advisory Board, AGC Maine Education Foundation, Aquatic Resources Management Strategy Steering Committee, and the Southern Maine Community College Building Division Advisory Board. Prior to joining AGC Maine he was employed by a diversified family business that included construction, fuel, transportation and property development.

Registering for the Event:

Your RSVP is requested by November 22, 2018. 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 November 22, 2018.

Ticket Prices:

Members: $45 each | Non-Members: $55 ea
Prices increase by $10 after November 22

Visit www.mereda.org to register

November 1, 2018 at 8:00 am · · Comments Off on Maine Real Estate & Development Association Appoints Rick Flagg of Norway Savings Bank to Board of Directors

Maine Real Estate & Development Association Appoints Rick Flagg of Norway Savings Bank to Board of Directors

The Maine Real Estate & Development Association (MEREDA) has announced that Rick Flagg of Scarborough, Regional Vice President of Commercial Lending for Norway Savings Bank has been appointed to its Board of Directors.

Rick was born and raised in Eastport, Maine and attended Eastport Elementary School and Shead High School before receiving his degree in Economics from the University of Maine at Orono.

After college he moved to Southern Maine to begin a career in the banking industry.  After a brief stint with Fleet Bank, he worked a number of years for Maine Bank and Trust before becoming a commercial lender with Norway Savings Bank.  He’s been with Norway Savings Bank for 17 years and is currently a Regional Vice President of Commercial Lending.

Rick has served on a number of boards over the years including Maine Center for Entrepreneurial Development (MCED) and Risk Management Association (RMA) where he is a past president.

“Norway Savings Bank has been a longtime supporter of MEREDA and we are pleased that Rick has decided to join us on the board, as well as participate on MEREDA’s Membership & Marketing Committee.  We look forward to his active participation as we work to further MEREDA’s mission throughout the State”, commented Shelly R. Clark, Vice President of Operations for MEREDA.

For further information, please contact MEREDA’s Vice President of Operations, Shelly R. Clark at 207-874-0801 for visit www.mereda.org.

October 22, 2018 at 10:50 am · · Comments Off on Maine Real Estate & Development Association Recognizes Retiring Board Member

Maine Real Estate & Development Association Recognizes Retiring Board Member

L to R: Noel Graydon, MEREDA Vice President
of Operations, Shelly R. Clark, MEREDA President,
Gary Vogel, Drummond Woodsum

The Maine Real Estate & Development Association (MEREDA) has announced that Noel Graydon of Kennebunkport, Regional Vice President for Norway Savings Bank has retired from MEREDA’s Board of Directors after 9 years of service. During this time, Noel served on MEREDA’s Membership & Marketing Committee bringing many ideas to the table over the years, and was recognized with MEREDA’s Volunteer of the Year Award in 2011.

“MEREDA has been able to thrive and grow through the active participation from individuals like Noel.  We thank him for his many years of service to the organization and the real estate industry,” commented Shelly R. Clark, Vice President of Operations for MEREDA.

For further information, please contact MEREDA’s Vice President of Operations, Shelly R. Clark at 207-874-0801 for visit www.mereda.org.

October 16, 2018 at 12:00 am · · Comments Off on Maine Real Estate & Development Association Announces Gary D. Vogel as Vice President

Maine Real Estate & Development Association Announces Gary D. Vogel as Vice President

PORTLAND, Maine – The Maine Real Estate & Development Association (MEREDA) is pleased to announce that longtime member, Gary Vogel of Drummond Woodsum, has been elected Vice President.

Currently, Gary also serves as chair of MEREDA’s Public Policy Committee, and is a generous leader of MEREDA’s legislative agenda.  His institutional knowledge and experience with MEREDA’s legislative history, combined with his knowledge of development challenges in Maine from his own law practice, provides MEREDA with a breadth and depth of knowledge that benefits all MEREDA members.

Gary has served on the MEREDA board of directors since 2004, acting as chair of the Public Policy Committee for more than 12 years.   During Gary’s tenure as chair of the legislative committee, MEREDA has realized many legislative accomplishments benefiting Maine and real estate development in Maine.

“We owe Gary a debt of gratitude for his dedication to his voluntary leadership role with MEREDA’s Public Policy Committee, and are excited to have him participate now in this new leadership role as Vice President”, says Shelly R. Clark, Vice President of Operations for MEREDA.

A shareholder (partner) at the law firm of Drummond Woodsum, Gary’s practice is concentrated in real estate, real estate development, financing transactions, commercial transactions, mergers and acquisitions and corporate and commercial law.  His practice often involves developments utilizing the Federal Low-Income Housing Tax Credit, Federal and State Historic Tax Credits and New Market Tax Credits.  He has been practicing law in Portland for over 30 years and resides in Yarmouth.

For further information, please contact MEREDA’s Vice President of Operations, Shelly R. Clark at 207-874-0801 or visit www.mereda.org.

October 4, 2018 at 11:06 am · · Comments Off on MEREDA’s Morning Menu Breakfast Event – AIA Contracts: Setting the Stage for Success at the Contracts Phase

MEREDA’s Morning Menu Breakfast Event – AIA Contracts: Setting the Stage for Success at the Contracts Phase

There is no one right or best form of construction project delivery. There are many different ways to structure a construction project from Design-Bid Build, At-Risk Construction Management, Design-Build, and IPD with each approach having corresponding advantages and disadvantages with regard to speed, collaboration, cost, and customization. This panel of industry experts will discuss the relative strengths and weaknesses of the most common delivery methods, and offers suggestions as to the types of projects that are best (and worst) for each of these methods.

Make plans to join MEREDA on November 8, 2018 from 7:30 AM – 9:00 AM at the Clarion Hotel in Portland to learn about the different ways to structure a construction project, the relative strengths and weaknesses of the most common delivery methods, and suggestions for each.

About the Event:

November 8, 2018 – 7:30AM to 9:00AM

Clarion Hotel
1230 Congress Street
Portland, ME

Breakfast: 7:30 AM
Program: 8:00 – 9:00 AM

About the Panel:

Kenneth E. Rubinstein is an attorney, and co-chair of the Preti Flaherty construction law practice group.  Ken regularly assists owners, contractors, subcontractors and other constituents of the construction industry in negotiating contracts and resolving disputes.  When not representing clients, Ken is a member of the AAA panel of construction arbitrator and teaches construction law at Boston University School of Law.  Ken is also a regular contributor to ENR magazine.

Cordelia Pitman is the Director of Preconstruction Services at Wright-Ryan Construction. With a BA in Physics from Middlebury College and a Master of Architecture from Columbia University, she has over 25 years of experience in the A/E/C industry and is a Registered Architect and a LEED Accredited Professional. Prior to joining Wright-Ryan’s team in 2009, Cordelia worked as a Project Architect for over 15 years at Winton Scott Architects, where she gained invaluable experience on many jobs around the state, including the Harlow and Williams Pavilions in Augusta, Maine.
Cordelia is also actively engaged in the community. She served on and chaired the City of Portland’s Historic Preservation Board for over a decade and has volunteered her time to such other organizations as Architalx, Greater Portland Landmarks, and CEI.

Registering for this Event: Click here for more information to register now.

Your RSVP is requested by November 1, 2018. 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 November 1, 2018.

Ticket Prices:

MEREDA Member: $45 each  | Non – Member: $55 each
Register After November 1:  Member: $55 each  |  Non-Member $65 each

Your RSVP is requested by November 1, 2018. 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 November 1, 2018.

This MEREDA Morning Menu Breakfast Event is Sponsored by Norway Savings Bank, Preti Flaherty and Wright-Ryan Construction, Inc.

 

October 1, 2018 at 11:03 am · · Comments Off on MEREDA’s Morning Menu Breakfast – Opportunity Zones: What you Need to Know to Take Advantage of This Opportunity in Real Estate and Beyond

MEREDA’s Morning Menu Breakfast – Opportunity Zones: What you Need to Know to Take Advantage of This Opportunity in Real Estate and Beyond

The 2017 Tax Cuts and Jobs Act created a bi-partisan tax incentive program based on economically distressed Opportunity Zones.  Investors in Qualified Opportunity Zone businesses now have the ability to defer, and to some extent eliminate, recent capital gain income, by properly investing their gain proceeds.  Gov. LePage has designated 32 Opportunity Zones in Maine ranging from Saco to Madawaska, including parts of Downtown Portland, which opens the door for real estate developers pursuing projects in these designated areas to tap into a whole new group of tax savvy investors.

Join MEREDA for breakfast on December 6 from 7:30 AM – 9 AM at the Portland Regency Hotel to learn more about these complicated new rules.  Panelists Andy Smith and Nelson Toner will offer insights about how the legislation will impact the real estate industry and the tax advantages available to investors in Opportunity Zone projects.

About the Event:

December 6, 2018 – 7:30 – 9:00 am

Portland Regency Hotel
20 Milk Street
Portland, ME

Buffet Breakfast: 7:30-8:00 am
Program: 8:00-9:00 am

About the Panel:

For more than 30 years, Nelson Toner has practiced law at Bernstein Shur providing tax planning, estate planning and business succession planning to individual and business clients.  Prior to working at Bernstein Shur, Nelson worked in the tax department at the Boston office of Grant Thornton, an international accounting firm during the halcyon days of pre-1986 real estate syndications.  Nelson gives many local and state seminars, including a regular presentation at the Maine Tax Forum each autumn, and for many years taught Estate and Gift Tax at the Maine Law School.  He also writes the S Corporation column for the Journal of Passthrough Entities, a national tax publication.

Nelson earned a bachelor’s degree in mathematics from Trinity College (Hartford), a JD  degree from Case Western Reserve University, and an LLC in taxation from Boston University.

Andrew Smith is a principal at Baker Newman Noyes, specializing in assisting his clients with practical advice and creative solutions to their most challenging business issues, including tax efficient structures for business transactions; fixed asset analysis; succession planning; and tax deferral and reduction strategies. He also works with real estate clients of all sizes on cost segregation studies, like-kind exchanges, and historic rehabilitation credits. In addition to serving clients, Andy is also actively  involved in the firm’s college recruiting initiatives, having begun his career at the firm in 1997 as an intern and leads the tax department’s Multi-Generational Business group.

He earned a bachelor’s degree in business administration, with concentrations in accounting and finance, from the University of Maine, Orono.

Registering for the EventClick here for more information and to register.

Your RSVP is requested by November 29, 2018. 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 November 29, 2018.

Ticket Prices:

Members: $45 each | Non-Members: $55 ea
Prices increase by $10 after October 9

Click here to register for this event. 

This MEREDA Morning Menu Breakfast Event is Sponsored by Norway Savings Bank, Baker Newman Noyes and Bernstein Shur.