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MEREDA Makes News.

Maine newspapers and radio and television stations, as well as national publications like The Wall Street Journal, seek out MEREDA leaders for comments on issues of concern to the commercial real estate industry. Check out some recent recent articles and news releases below

Successful CEO’s Look Back to Prepare Forward

by George E Casey Jr., Chief Executive Officer, Stockbridge Associates, LLC General Patton said he hated paying for the same real estate twice.   You should feel the same about paying for the same business lessons again in the future. Right now, things seem pretty ugly from a business and economy standpoint.   That’s what bothers me. Read More

Vital Ideas – The 1031 Dominoes

by Brit Vitalius, Principal, Designated Broker, Vitalius Real Estate Group In 2019, we saw 1031 exchanges used even more frequently than in past years. Interestingly, the variations in the transactions illustrate a number of different ways the 1031 exchange can be used to accommodate different investment transitions. The following is an example of a dominoRead More

What’s Up in the Hotel Business?

by Sean Riley, President & CEO, Maine Course Hospitality Group Great Ride for Hotels I recall speaking at the MEREDA conference back in 2009. It was a tough year to begin my motivational speaking career.  But what a remarkable recovery this industry has had. Looking back, Occupancy was 54.6%. This past year was the tenthRead More

Construction Trends in 2020

by Asha Echeverria, Shareholder, Bernstein Shur Welcome to the new decade! Though we can expect trends from 2019 to continue, the focus on the new decade and the bull construction environment will force many trends to advance by leaps and bounds. Many of these trends will create opportunities for those in the construction industry, butRead More

The Risks and Regulations Associated with Waterfront Development in Maine

By  Gordon Smith, Verrill Waterfront development in Maine is on the rise. While waterfront development has a big investment upside, it can pose additional regulatory challenges and risks. Whether you are building on coastal or inland waters, shorefront property is subject to an array of federal, state, and local environmental and land-use controls. Here isRead More

Stop me if you’ve heard this before

by Justin Lamontagne, CCIM, SIOR, Partner, Designated Broker at NAI The Dunham Group Is it plagiarism if you copy yourself? I hope not, because here goes… “Vacancy rates are getting critically low. As the economy improves, Maine’s small and medium sized businesses are growing accordingly. Add to that new-to-market industries like craft brewing and medicinalRead More

Join MEREDA for Breakfast on Feb. 25 for a Morning Menu Presentation: “Portland’s Arts District Garage: A Case Study of Private Parking Structure Development”

The five-story, 280-spaced Arts District Garage parking structure on the corner of Brown Street and Cumberland Ave was completed in the summer of 2019. The Arts District Garage project provides lasting new value and utility to the adjacent 10-story office tower at 511 Congress Street, frees up over 150 off-site parking spaces elsewhere in the City,Read More

Maine Real Estate & Development Association (MEREDA) Recognizes Outstanding Members with Annual Awards

Portland, ME: In a ballroom overflowing with the broad spectrum of Maine’s real estate and development professionals, MEREDA President Gary Vogel singled out five individuals at last week’s annual Forecast Conference. If tasked with building a structure, this quintet certainly would be qualified to do so: an architect, an interiors expert, a City planner, aRead More

Insider Notebook: Affordable housing initiative gets Mills boost

One of the louder and longer periods of sustained applause at Gov. Janet Mills’ state of the state address Tuesday night was when she called for more affordable housing support. Click the Link Below to Read the Article