Portland, ME Cheri Bonawitz, CCIM, of Malone Commercial Brokers has been named the 2024 Realtor of the Year by the Maine Commercial Association of Realtors (MCAR).
This award recognizes Bonawitz’s contributions to the commercial real estate industry, her leadership roles, and her commitment to community service. She has been a broker since 2007 and with Malone since 2018. She is known for her expertise in business brokerage and diverse commercial transactions. Her high-profile deals include the $2.5 million sale of VIP Tour & Charter Bus Co. and a $1.2 million Wells motel property transaction.
As Maine Commercial Association of Realtors’ president-elect and the incoming New England CCIM chapter president, Bonawitz continues to shape the industry. Her dedication extends beyond real estate, serving on the board of directors for USA Hockey.
“Cheri’s client-centered approach, collaborative spirit, and community involvement make her truly deserving of this honor,” said Molly McGuire, operations manager at Malone Commercial Brokers. “We are immensely proud to have her on our team
Malone Commercial Brokers, founded in 1983, offers a full range of real estate solutions throughout the state of Maine
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.
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.