Portland, ME According to the Maine Real Estate & Development Association (MEREDA), Benjamin Brennan, sales executive for KONE Elevators, has been named as co-chair of its DevelopME Committee. Since 2017, the DevelopME Committee has worked to engage the membership and create professional development opportunities within MEREDA for the next generation of industry professionals.
As a sales executive for KONE Elevators, Brennan is responsible for new equipment business development & project management and partners with stakeholders of new and existing real estate developments. From providing AIA continuing education, design assistance and pre-construction services to ensuring smooth transition through all stages of project execution, Ben is involved throughout a project’s life cycle.
A graduate of the University of Maine, Ben was hired in 2013 by KONE to deliver energy efficient elevator solutions to the Northern New England market. As a green energy advocate, Ben’s interests lie in finding a medium between green technology & affordability. Ben also serves on MEREDA’s relatively new Local Issues Committee.
“Ben brings a lot of enthusiasm and energy to the committee,” says Shelly R. Clark, Vice President of Operations for MEREDA. “We are excited to have Ben step into this role and serve alongside co-chair Cameron Woodford of LIHC Investment Group, and we look forward to working with them in the coming year.”
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.