Portland, ME Malone Commercial Brokers (MCB) negotiated the sale of 476 Stevens Ave. to Ryan Carey, founder of Noble Barbecue. Mike Anderson of MCB, Justin Lamontagne and Bryan Plourde of The Dunham Group brokered the transaction.
Noble Barbecue will rebrand as Noble Pizzeria & Barbecue at their new location. The 4,091 s/f facility will feature a full dining room, an 18-seat bar, and a patio with seating for up to 50 guests. Noble’s barbecue will remain on the menu alongside their new selection of coal-fired pizza.
Noble founder Ryan Carey said, “Noble Pizzeria & Barbecue is the culmination of my team’s culinary passions. We’re thrilled to bring our craft barbecue and wood-fired pizzas together under one roof in this incredible new space.” The new Noble Pizzeria & Barbecue location is scheduled to open in July, with the original Noble Barbecue on Forest Ave. remaining open until that time.
Anderson said “476 Stevens Ave. was shown to numerous restaurateurs both local and from away over the past year and a half. I’m glad to have helped facilitate yet another local Maine business expand and believe Noble will do exceedingly well in Deering Center. It was a pleasure working with Ryan Carey and his team as well as Justin Lamontagne and Bryan Plourde from The Dunham Group.”
The multifamily market in Maine’s major cities presents a diverse range of opportunities for investors. We looked at the potential benefits and unique characteristics of three major submarkets in the state: Portland, Bangor, and Lewiston-Auburn. The information below is based on research done in CoStar and county registries, and focuses on multifamily properties that have four or more units.
As we all know, interest rates have been changing drastically, with movement in both directions, depending on the type and term of financing. The Federal Open Market Committee has taken drastic action in efforts to curb abnormally high inflation, but it hasn’t controlled labor cost growth to the extent that was intended.