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Developments around waterfront, downtown buoy Bangor real estate market

The Greater Bangor market for industrial, office and retail real estate is growing at a stable pace, with some exceptions.

Vacancies at the Bangor Mall, Kmart, the former Verizon call center and former University of Maine System building are dampening some of the growth figures, as is a shortage of industrial space, according to Bev Uhlenhake, a broker at Epstein Commercial Real Estate in Bangor.

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Brunswick Landing drives midcoast real estate activity

In 2017, Brunswick Landing continues to show strong growth in the Bath-Brunswick-Topsham region.

The former Navy base houses 100 businesses that have created 1,500-plus jobs. More than 1 million square feet of available space is being used, according to Steve Levesque, executive director of the Midcoast Regional Development Authority, the agency that oversees Brunswick Landing development

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NIMBY vs. YIMBY debate continues to guide development

Maine’s real estate industry continues to look for ways to turn NIMBY into YIMBY — “not in my back yard” to “yes in my back yard” — as it continues to connect with the Legislature in 2018.

Andrea Cianchette Maker, a partner at Pierce Atwood, outlined the Maine Real Estate & Development Association’s legislative agenda for the year. She made her comments Thursday at MEREDA’s annual forecast conference, which was attended by 900 people at the Holiday Inn by the Bay in Portland.

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MEREDA conference highlights demand, but lack of inventory

Vacancy rates are at or near historic lows in some areas, but the rents landlords are charging do not yet justify the cost of new construction. That’s one of the takeaway themes of the annual Maine Real Estate & Development forecast conference, which attracted 900 people to the Holiday Inn by the Bay in Portland on Thursday.

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MEREDA Index: State’s real estate activity hits 10-year high

The MEREDA Index, a quarterly measure of real estate activity in Maine, hit a 10-year peak through the third quarter of 2017, reaching 96 overall in a composite measurement covering new development, transactions involving existing properties, residential and commercial development.

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Southern Maine’s real estate market still riding high, experts say

Southern Maine’s real estate market is riding high on the strength of rising home values, booming tourism, a tight market for industrial properties and renewed interest in office construction.

That was the consensus among presenters at the 2018 Maine Real Estate and Development Association forecasting conference, held Thursday in Portland. The event drew a record 900 professionals and 100 exhibitors who came to discuss trends and factors affecting sales, leasing and construction in Maine’s industrial, office, residential, retail and hospitality sectors.

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