Portland, ME Suffolk has opened its new office on Commercial St., which will serve clients across the state, New Hampshire and Vermont. This expansion into Northern New England marks a milestone for the company as it continues to grow its presence in sectors including higher education and healthcare. Supported by its Boston presence and portfolio of projects, the new office positions Suffolk to provide construction expertise to clients throughout the region.
“Suffolk is thrilled for the opening of our Portland office, which is a testament to our confidence in the strength of the Northern New England market,” said John Fish, chairman and CEO of Suffolk. “This office will allow Suffolk to make meaningful commitments to the local community and support the innovative spirit of this region’s world-renowned institutions. We are proud to be part of the continued growth and development of Northern New England, and we look forward to building strong relationships with our clients and the community through this expanded presence in Portland.”
With this new office presence, Suffolk aims to meet the needs and objectives of clients in the region, including the growing demand for medical and higher education facilities that integrate innovation and sustainability to better serve today’s patients, healthcare professionals, students, educators and staff. Suffolk will leverage its expertise in projects including the fossil-fuel-free Boston University Center for Computing and Data Sciences, one of the most sustainable buildings in New England, and the Boston Children’s Hospital Hale Family Clinical Building, a 565,000 s/f facility that supports the hospital’s delivery of tertiary and quaternary care. This portfolio demonstrates Suffolk’s commitment to leveraging innovative technology, integrating sustainable solutions, and setting the standard for operational excellence throughout every stage of the building lifecycle.
Committed to providing clients with comprehensive, end-to-end solutions, Suffolk leverages its core construction management competency while providing vertical service lines such as real estate development funding, self-perform, technology R&D and investment, and design-assist services. Along with this national approach to operational excellence, Suffolk will bring to Portland its unmatched company culture and strong commitment to employees, evidenced by Suffolk’s position on the selective FORTUNE 2023 Best Workplaces in Construction list, and the Boston Business Journal 2023 Best Places to Work list.
Suffolk is a national enterprise that builds, innovates and invests. Suffolk is an end-to-end business that provides value throughout the entire project lifecycle by leveraging its core construction management services with vertical service lines that include real estate capital investment, design, self-perform construction services, technology start-up investment (Suffolk Technologies) and innovation research/development.
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.