Portland, ME NAI The Dunham Group has completed the following transactions:
• Ashby Team, LLC purchased a 11,000 s/f office building from The Buzz, LLC at 480 Congress St. Thomas Moulton, CCIM, SIOR and Sylas Hatch from NAI The Dunham Group brokered the sale.
• 1006 Congress Street, LLC purchased a 13,500 s/f mixed-use building on 0.45 acre from Delta Realty, LLC at 1006 Congress St. Moulton and Sylas Hatch from NAI The Dunham Group brokered the sale.
• 1020 Congress Street, LLC purchased a 2,700 s/f mixed-use building on 0.28 acres from Fifty Nine Elm Street, LLC at 1020 Congress St. Moulton and Katie Millett from NAI The Dunham Group brokered the sale.
• Misfit LLC leased 7,500 SF of mixed-use space from 1039 Riverside, LLC at 1077 Riverside St. Chris Craig and Justin Lamontagne, CCIM from NAI The Dunham Group brokered the lease.
• Nattasak Wongsaichua leased 3,525 s/f of industrial space from 1039 Riverside, LLC at 1039 Riverside Street. Chris Craig from NAI The Dunham Group brokered the lease.
• Leopold & Assoc. leased 1,145 s/f of office space from 800 Northern Corp. at 2 Monument Square. Moulton and Charlie Craig from NAI The Dunham Group brokered the lease.
• Central Maine Family Counseling leased 2,232 s/f of office space from Berlin Mills Wharf Assoc. at 400 Commercial St. Chris Craig and Moulton from NAI The Dunham Group brokered the lease.
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.
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.