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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 MoreOn 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 MoreOn 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 Moreby: 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 MoreOn 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 Moreby: 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 MoreTo 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 Moreby 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 Moreby 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 MoreOne 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
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