Gorham, ME DeStefano & Associates, Inc. (DAI ) has begun two new projects and completed a Dollar General store.
DeStefano has been awarded the construction of Motor Toys Luxury Condos. The project consists of 40 steel, vehicle storage garages and one clubhouse building. Completion is expected by end of this year.
And in Gardiner, DAI has been awarded the design and construction of a new 5,600 s/f building for offices and shop space for United Rentals. Construction completion is scheduled for late fall.
In East Waterboro, DeStefano & Assocs. has completed a new ground up, 11,500 s/f, Dollar General. The architect was Aharonian & Associates, Inc.
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.