Portland, ME According to Cardente Real Estate, Leete & Lemieux P.A. has leased 2,393 s/f of class A office space at Ocean Gate Plaza, located on the 5th floor at 511 Congress St. This transaction was brokered on behalf of the landlord, Ocean Gate, LLC, by Matthew Cardente and Sarah Sausville of Cardente Real Estate and on behalf of the tenant by Katherine Millett of NAI The Dunham Group.
In another transaction, Shira Gotshalk has purchased a 3-unit located at 33 Smith Street for $349,000. This transaction was brokered on behalf of the seller by Mike Cobb of Cardente Real Estate and on behalf of the buyer by Vanessa Greco of Portside Real Estate Group.
John Thompkins has purchased a 2-unit located at 9 Mayo St. for $260,000. This transaction was brokered on behalf of the seller by Cobb and on behalf of the buyer by Erik Carlson of Benchmark Real Estate.
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.