
Cardente Real Estate
Brunswick, ME Cardente Real Estate completed the following lease transactions in Maine:
• Keller Williams Real Estate leased 2,000 s/f of office space at 169 Park Row. This transaction was brokered on behalf of the landlord, 169 Park Row, LLC, by Mike Cobb of Cardente Real Estate and on behalf of the tenant by Kevin Fletcher of KW Commercial.
• Catholic Charities leased 5,400 s/f of office space at 11 Baxter Blvd. in Portland. This transaction was brokered on behalf of the landlord, William Rowell Family Trust, by Matthew Cardente of Cardente Real Estate.
• Blaze Partners leased 3,200 s/f of office space from SEKA Properties, LLC at 106 Lafayette St. in Yarmouth. This transaction was brokered by Cobb.
• Mike Swan leased 1,654 s/f of office space at 506 Main St. in Westbrook. This transaction was brokered on behalf of the landlord, Stockhouse Station, LLC, by Mike Anderson of Malone Commercial Brokers and on behalf of the tenant by Cobb.
• Mara Grbenick leased 552 s/f of office space from SEKA Properties, LLC at 106 Lafayette St. in Yarmouth. This transaction was brokered on behalf of the landlord and tenant by Cobb.
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.