News: Northern New England

MEREDA to hold New Urbanism: Creative Models for Innovation and Economic Growth Conference - May 17

Maine Real Estate & Development Association (MEREDA) again brings together national and local experts to its annual Spring Conference - New Urbanism: Creative Models For Innovation And Economic Growth on May 17 at the DoubleTree by Hilton, 363 Maine Mall Rd. The event begins at 1 p.m. with a social hour from 5 to 6 p.m. This event has been approved for 3.30 hours of legal and 3.00 hours broker continuing education credits. MEREDA will bring together national and local planning experts who think about large scale urban issues. This year's Spring Conference will engage us on how to re-set and re-focus on how we think about the American city. This event will help real estate professionals understand better the trends that are quickly hanging our established patterns of development and investment, pulling back from the "fringe suburbs" and in to the more dense, pedestrian-friendly city centers that were neglected and abandoned starting in the 1950s. This conference is virtually a must for real estate professionals to better understand what is facing Maine cities, and what other urban areas around the country are doing to creatively address the re-urbanization of America. Joining us are nationally recognized special guests, land use strategist, teacher, developer, researcher and author, Christopher Leinberger, a Visiting Fellow with the Metropolitan Policy Program at the Brookings Institute and president of LOCUS, a national transit-oriented development advocacy organization, and Lara Hodgson, co-founder of Insomnia, an Atlanta-based firm specializing in investment, development and management of complex and innovative "world-changing" projects. Local experts Patrick Venne, Esq., JD/MCP, land use attorney, planner, and author, John Rohman, P.E., CID, Maine Certified Interior Designer and Professional Engineer, and Alex Jaegerman, city of Portland Planning Division director will discuss "New Urbanism" trends and challenges in Maine, exploring how established patterns of development and investment are changing. Panelists will share examples of what other communities around the state are doing to address the re-urbanization of their city centers. Cost for the event is $75 for MEREDA members and $95 for non-members. Student rate is $25. Payment is expected at time of renovation. No refunds. Contact MEREDA at (207) 874-0801 for more information or visit mereda.org for registration.
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
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.

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.