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Encore of solid performance for latest MEREDA Index

The latest MEREDA Index, unveiled in late January 2016 at MEREDA’s Forecast Conference, comes in at 100, signifying solid performance for the last two quarters. As a key economic indicator for Maine, the MEREDA Index measures the pulse of the state’s real estate industry. It is the leading way the Maine commercial real estate industry tracks changes in the market.

Watch a video about The MEREDA Index, or download the full report.

While slightly lower than its immediate predecessor, “the latest number is reflective of the strong real estate economy, and is a very solid indicator of the strength of Maine’s real estate market,” said MEREDA president Michael O’Reilly.

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MEREDA’s Morning Menu – Show Me the Money: Commercial Real Estate Financing Trends

Join MEREDA for breakfast on March 15, 2016 from 7:30 – 9:00 AM at the Portland Regency Hotel to learn about recent commercial real estate financing trends in Maine. Who is providing the financing and how are these transactions being financed? What are the recent trends in the market, what are the banks looking for in a qualified borrower/ project? Our presenters will answer these questions and more!

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MEREDA’s Morning Menu – A Look at Coworking

As demand for commercial real estate increases, how can property owners, brokers and developers meet the evolving expectations of modern businesses?  What are the emerging trends in real estate, design and marketing as they pertain to today’s mobile workforce?  Specifically, what can property owners do to attract new tenants and buyers as well as stabilize and future-proof their properties?  

Join MEREDA for breakfast on February 25th from 7:30 – 9:00 AM at the Clarion Hotel in Portland to learn how the coworking model has grown.

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Five real estate luminaries presented with awards

At a recent conference, the Maine Real Estate & Development Association (MEREDA) presented awards to five individuals, each selected for their contributions to MEREDA and, more generally, to the health of the Maine real estate market over the last several years.

“This year, as always, we have a slate of very deserving, skilled and hardworking recipients,” said MEREDA president Michael O’Reilly in presenting the awards. “MEREDA and the Maine real estate community are very fortunate to have these individuals as colleagues and in their communities.”

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Experts, numbers show optimism for Maine real estate in 2016

The Maine Real Estate & Development Association (MEREDA) hosted a record-breaking 800 attendees earlier this month for the group’s annual Forecast Conference, where about a dozen experts reviewed Maine real estate trends from 2015, and predicted what is in store for 2016. The event, which also included a robust business showcase and was sponsored by TD Bank, proved to be a veritable who’s who of development in Maine. Attendees listened with rapt attention and celebrated the market’s return to pre-recession, 2006 levels.

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4th Annual “Strikes for Scholars” Bowl-a-Thon Fundraising Event

MEREDA is now in the planning stages of organizing its 4th Annual "Strikes for Scholars" Bowl-a-Thon Fundraising Event with all the proceeds to fund scholarships for students pursuing studies in building trades, architecture, construction, engineering or a business program at a Maine Community College (MCCS). The previous "Strikes for Scholars" event, held last April, raised enough funds to provide a total of eight $1450 scholarships – one to each of the 7 schools in MCCS, as well as one to the College of Science, Technology & Health at the University of Southern Maine.  

As an organization whose mission is to promote an environment for responsible development and ownership of real estate throughout the State, MEREDA wants to help support the next generation of professionals who will ultimately continue its work of advocating for responsible development. We hope to increase the funds raised at this year’s event!

Our event will take place on May 5, 2016 at Bayside Bowl in Portland, ME.  More information will be available in early February, but we hope you will  contact us now to learn more about how to participate.

We invite you to organize a Team or consider becoming a Sponsor of this worthy cause! 

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Index of Maine’s commercial real estate performance to be revealed Jan. 21

The economic indicator of Maine’s commercial real estate activity for the third quarter of 2015 will be revealed on Thurs., Jan. 21 at a day-long conference of the Maine Real Estate & Development Association (MEREDA), expected to draw more than 700 from the industry. The MEREDA Index is compiled biannually to measure the pulse of the state’s real estate sector and is the primary tool for insiders to track changes in the market.

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