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Industrial Market Mid-Year Review

by Justin Lamontagne, CCIM, SIOR, Partner, Designated Broker at NAI The Dunham Group How’s the market? It is the most common question asked of any commercial broker in these trying times. And, most often, the answer is “…depends”. Unlike retail and the mixed-bag office market, the industrial sector is thriving through Covid. Manufacturing, warehousing andRead More

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The Right Equation for Responsible Development: Spotlight on 62 Spring Street, Auburn

In a multi-part series exclusive to the Maine Real Estate Insider, we’ll provide an up-close look at the most notable commercial development projects of the past year that are helping to fuel Maine’s economy in terms of investment and job creation. MEREDA is proud to recognize responsible development based upon criteria including environmental sustainability, economicRead More

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Depreciable Life of Qualified Improvement Property

By John Hadwen, CPA, Principal, Baker Newman Noyes April 1, 2020 (A long overdue technical amendment) Updated as of April 22, 2020 This article was updated on April 22 to incorporate the guidance of Rev. Proc. 2020-25. It provides another means (the use of filing a Form 3115 in addition to amending a return) byRead More

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The Outstanding Seven: MEREDA’s 2019 Notable Project Recipients

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

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Maine Real Estate & Development Association Names New President and Announces 2020-2022 Officers

Portland resident, Josh Fifield, a Senior Account Executive in the Business Insurance Department of Clark Insurance is the new president of the Maine Real Estate & Development Association (MEREDA), a statewide organization of commercial real estate owners, developers and related service providers. Founded in 1985, MEREDA promotes responsible development and ownership of real estate in Maine throughRead More

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Maine Issues COVID-19 Guidance for Town Meetings

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

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Construction Businesses: Navigating State and Federal COVID-19 Workplace Safety Requirements

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

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Legislative Update from Maine Real Estate & Development Association (MEREDA)

While much has changed in the world in the past months, the MEREDA Public Policy Committee has continued to stay engaged on critical matters impacting our members. From ensuring a last-minute enactment of an extension to the Maine Historic Rehabilitation Tax Credit (MHRTC), to advocacy before the Governor’s office on state action related to COVID-19,Read More

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Real Estate as an Essential Business – DECD Guidance and City of Portland Restrictions on Real Estate Activities 

On April 15, 2020 the Maine Department of Economic and Community Development (DECD) released new guidance related to the operations of real estate as an essential business during the COVID-19 pandemic. DECD has considered real estate to be an essential business since the Governor’s announcement of a stay-at-home order limiting business activities, but had providedRead More

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Pandemic Leaves Landlords in a Difficult Position

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

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