Portland, ME Nick Lucas has taken home The Boulos Company’s 2021 Broker of the Year award.
Lucas, who has worked with The Boulos Company for almost five years, has carved out a niche in the Central Maine market selling multifamily complexes, along with office and industrial properties.
Lucas’s notable transactions include the sale of 82 Glenridge Dr. in Augusta, one of the largest subsidized multifamily deals in Maine in recent history, and a 17-unit multifamily portfolio in Fairfield earlier in the year.
In the fall of 2021, Lucas leased 43,000 s/f of class A office space at 353 Water St. in Augusta to the Department of Inland Fisheries & Wildlife. This marked the largest office lease Central Maine has seen in years.
“Nick is unmatched in his ability to connect his clients with the right opportunities,” said Boulos’ managing director Drew Sigfridson. “He’s generated record-breaking transactions over the past 12 months, and he provides tremendous value to his clients and to our company.”
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.