Portland, ME Maine Association of Nonprofits (MANP) found a new home at 30 Danforth St. Since 1994, MANP’s mission has been to enrich the quality of personal and community life in Maine.
The Boulos Company’s Samantha Marinko and Nate Stevens represented MANP in the transaction.
The group was headquartered at 565 Congress St. for nearly 30 years and had been looking for a new space since COVID-19 hit. In January, they went fully remote, moving office equipment into a storage unit and various staff members’ garages with the goal of finding a new office space by summer. The 3,200 s/f space at 30 Danforth ticked all the boxes, providing a mix of private and shared office space, conference space, staff parking, and an elevator.
“We’re excited for this new chapter,” said Jennifer Hutchins MANP’s executive director. “We took our time in this search and were able to hone in on what mattered most to us in a workspace. It’s particularly exciting to have our team be able to work in person together again, which we haven’t done since March of 2020.”
The reality is that we will never return to in-person office work full time, but it was important for us to have an inviting, well-kept space for our people when they do come to work.”
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.