News: Northern New England

Paul Badeau Marketing Director Lewiston-Auburn EGC

Name: Paul Badeau Title: Marketing Director Company: Lewiston-Auburn Economic Growth Council Location: 415 Lisbon Street, Lewiston, ME 04240 Place of Birth and Year: Lewiston, ME, 1965 College: Assumption College First Job Unrelated to your current field? Cook First Job in current field: Editor/internal communications, Norton Company What Your Firm Does Now and Its Plans for the Future? Economic development organization serving the communities of Lewiston and Auburn, Maine, by providing clients with technical assistance, site location services, gap financing, marketing/public relations support, business advocacy; continue to offer innovative services, community branding, building up transportation/logistics Hobbies: Hiking, backpacking, playing with my kids Favorite Novels: Ulysses by James Joyce; The Lord of the Rings (entire trilogy) by JRR Tolkien and Straight Man by Richard Russo Favorite Film: Dead Poet Society Keys to Success: God, education, collaboration, learning from others Person(s) You Most Admire (outside of family): Jesus Christ If You Had To Choose a Different Profession, What Would It Be? Teaching
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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
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Columns and Thought Leadership
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
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
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. 

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.