July 14, 2020
Articles & Editorials
PORTLAND, ME – July 13, 2020 – Every spring, MEREDA recognizes the most noteworthy and significant Maine commercial development projects from the previous year, all of which embody the Association’s mission to support responsible development. In keeping with tradition, MEREDA’s Board intended to honor the award recipients at the 35th Anniversary Gala. Originally scheduled for theRead More
Read More
June 30, 2020
Articles & Editorials
Throughout the pandemic, MEREDA members have navigated participating in various town public proceedings conducted virtually. Now, with the opening of municipal buildings and the need to accommodate municipal matters requiring a public vote by town residents, Governor Mills and the Maine Department of Economic and Community Development (DECD) have released guidelines for holding town andRead More
Read More
June 10, 2020
Articles & Editorials
On Thursday, June 4th, MEREDA unveiled its 2020 MEREDA Index, at a free-to-attend virtual event to discuss the 2019 data, and apply that knowledge to today’s constantly-shifting landscape and unpredictable future. The event had nearly 150 registrants. In case you missed it, you can watch, or watch it again, here! This most recent release provides a reviewRead More
Read More
May 12, 2020
Articles & Editorials
On April 28, Governor Mills released Restarting Maine’s Economy, which lays out a plan for re-opening non-essential businesses. Businesses that were previously deemed essential, including construction businesses, may continue operations – the Governor’s new plan does not impact them. However, as the pandemic evolves, the State is shifting its attention to COVID-19 prevention and workplaceRead More
Read More
April 21, 2020
Articles & Editorials
by: Gary D. Vogel, Attorney, Drummond Woodsum, MEREDA President The coronavirus pandemic is affecting everyone. Many businesses are shut down, or are minimally operating. The CARES Act recently adopted by Congress with over two trillion dollars of emergency funding will provide a lifeline for many businesses. Especially important is the SBA Payroll Protection Program (PPP)Read More
Read More
April 16, 2020
Articles & Editorials
On Wednesday, April 8, 2020, Governor Mills issued Executive Order 37 (EO 37), An Order Temporarily Modifying Certain In-Person Notarizations and Acknowledgement Requirements. This order relaxes certain legal requirements that may make it easier for MEREDA members to execute and close deals during the COVID-19 pandemic. Specifically, EO 37 suspends the requirement that a personRead More
Read More
April 14, 2020
Articles & Editorials
by: Dava Davin, Principal, Portside Real Estate Group When I presented at the 2020 MEREDA Real Estate Forecast Conference in January, I was full of good news and positivity in the residential market. I shared that 2019 represented the eighth straight year of rising home prices in Maine resulting in a record-breaking year with the medianRead More
Read More
April 7, 2020
Articles & Editorials
To our Members: What a challenging time we find ourselves in! First and foremost, I hope this email finds you, your family, loved ones and coworkers safe and healthy. We hope that you are coping with all of the changes that have been thrust upon all of us. We are all in this together! Read More
Read More
March 31, 2020
Articles & Editorials
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
Read More
March 24, 2020
Articles & Editorials
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
Read More
