News: Northern New England

Ingalls of Malone Commercial Brokers leases 2,500 s/f to Coastline Direct Primary Care

Shown are Andrew Ingalls and Dr. Kelsey McDonald

Scarborough, ME Malone Commercial Brokers leased 2,500 s/f to Dr. Kelsey McDonald at 144 US Route One to introduce Coastline Direct Primary Care. Andrew Ingalls of Malone Commercial Brokers brokered the transaction.

Dr. McDonald shared her vision for Coastline Direct Primary Care, emphasizing the need for a departure from the conventional fee-for-service model. “The idea is really to simplify primary care outside of the insurance world,” she said. Currently, the traditional healthcare system is burdened with administrative complexities, resulting in delayed and fragmented care. Coastline Direct Primary Care aims to address this by offering patients a direct relationship with Dr. McDonald through a monthly membership fee.

Dr. McDonald also highlights the business benefits of her model, discussing how small businesses can contract with Coastline Direct Primary Care to offer affordable and accessible primary care services, potentially improving employee retention.

The medical office space at 144 US Rte. One will undergo renovations to create a modern and welcoming environment. Dr. McDonald envisions the space evolving into a hub for healthcare services, potentially accommodating additional healthcare providers.

Coastline Direct Primary Care is set to open in early March 2024, promising a refreshing healthcare experience for the Scarborough community. Dr. McDonald invites patients to join her on this journey towards simplified, patient-focused primary care. “It’s really an amazing model,” she said, “I think this is the way of the future.”

MORE FROM Northern New England
Northern New England

November 2024 NH CIBOR president’s message: 10 tips for commercial real estate investors - by Ethan Ash

While many Realtors will tell you what you need to do in order to sell your residential property at the highest price (clean out the junk, update bathrooms and kitchens, paint, etc.) most people don’t get easy to follow guidance on what to do to help your commercial real estate sale. Other than that advice that I
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Residential is here to untie the office space doom loop - by Thomas House

Residential is here to untie the office space doom loop - by Thomas House

The glut of unused (and to the owners, undervalued) office space because of the advent of work from home is in the process of becoming homes themselves. Though this is an officially supported trend in Boston and other northeast locations, the conversion
Maine multifamily outlook: Opportunities in Portland, Bangor, and Lewiston-Auburn - Blake Wright and Kristie Russell

Maine multifamily outlook: Opportunities in Portland, Bangor, and Lewiston-Auburn - Blake Wright and Kristie Russell

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. 

The Greater Portland industrial mid-year market update - by Nate Roop

The Greater Portland industrial mid-year market update - by Nate Roop

The industrial market in Maine remains robust, characterized by historically low vacancy rates. As of early 2024, the vacancy rate across the state is below 2%, indicating a continued imbalance between supply and demand. This tight market environment has kept lease rates strong, with many landlords in a favorable position. Asking rates are trending around $10.50 per s/f for
Interest rates and inflation - by Matthew Bacon

Interest rates and inflation - by Matthew Bacon

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.