
Allen & Major Associates
Woburn, MA According to Allen & Major Associates, Inc. (A&M), Aaron Mackey, has earned his professional engineer designation. Mackey has been with A&M since 2016. His projects have been throughout the northeast and include the Melnea Hotel and Residences in Roxbury, Mass., Cook’s Corner Plaza Redevelopment in Brunswick, ME and Silver Sq. mixed-use development in Dover, N.H.
Also moving into a new role is Stepfani Croteau who will be A&M’s business development coordinator. Croteau has also been with A&M since 2016. She will be working with principals, Timothy Williams, PE, and Robert Clarke, PLA, ASLA, to promote A&M’s multi-disciplined services and expand its client base.
Croteau recently served as RFP coordinator and will continue to seek out and respond to opportunities.
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.