Best Western to be built at Auburn's Kittyhawk Park

April 2, 2012 in News

Author: Bob Mentzinger
Publication: Mainebiz

A Best Western hotel and restaurant will rise along the Maine Turnpike in Auburn this spring. The hotel development is part of an eight-lot, 35-acre development at the Kittyhawk Business Park.

The hotel will be owned and operated by Giri Hotel Management. The project is a joint venture of Building Solutions and Hartt Transportation, the Bangor-based trucking company that owns the site. Groundbreaking will happen in late spring or early summer, according to Joe Casalinova, president of Building Solutions, the Oxford-based commercial real estate company that's designing, building and managing the project.

Casalinova said he is working with the Baldacci Group to bring a biotechnology company to the site that would create up to 30 new permanent full-time jobs in addition to the site development work needed. Casalinova described initial negotiations as possibly leading to a build-to-suit project that would be leased back to the biomedical company, which he declined to name.

Giri Hotel Management was founded in 2004. Its Maine hotel properties include a Comfort Inn and the Best Western Plus Civic Center Inn in Augusta, an EconoLodge in Freeport, the Best Western Plus in Waterville and The Parkwood Inn in Brunswick.


January jobs report: Hiring ramps up, unemployment falls

February 3, 2012 in News

Author: Annalyn Censky
Publication: CNN Money
@CNNMoney February 3, 2012: 10:27 AM ET
The U.S. economy added 243,000 jobs in January, marking the strongest job growth since April. 
NEW YORK (CNNMoney) -- American employers substantially stepped up their hiring in January, bringing the unemployment rate down for the fifth month in a row. Employers added 243,000 jobs in January, the Labor Department reported Friday, marking a pick-up in hiring from December, when the economy added 203,000 jobs. Meanwhile, the unemployment rate fell to 8.3%. That is the lowest since February 2009. Hiring was much stronger than expected, and once it was apparent the job gains were broad based across several sectors, economists and investors called it a "nice surprise," "fantastic," and even "a touchdown!" Stocks climbed at the market open.


Poll: Mainers feel better about economy

February 2, 2012 in Articles

Author: Associated Press
Publication: Portland Press Herald

PORTLAND — A new poll shows Mainers are feeling better about the economy.

 

 

The poll released today by Market Decisions of Portland says Maine consumers turned optimistic about the economy in January, with consumer sentiment rising 12 percent from the previous quarter.


Part 2: Insiders View of the Maine Real Estate Market

January 31, 2012 in News

Author: Video by Travis Bernier
Publication: MaineBiz

This below video link addresses insider views on the Maine Real Estate Market for 2012. Speakers include Matthew Cardente of Cardente Real Estate.

http://www.mainebiz.biz/apps/pbcs.dll/article?AID=/20120130/MULTIMEDIA/120139994


Featured Property: 465 Congress Street, Portland

January 27, 2012 in News

Author: Karen Rich
Publication: Portland Press Herald/Maine Sunday Telegram

In Monument Square, one of Portland’s premier office buildings, with high-profile tenants including People’s United Bank, has leasing opportunities available at aggressive rates. The entire top floor, consisting of 6,500 square feet and offering spectacular views of the city as well as water views of Portland Harbor and Back Cove, is available. In addition, there are attractive office suites, also with views, available on the third, sixth and seventh floors. These office suites range from 2,300 to 3,940 square feet. Please note that parking incentives are being offered for five-year lease terms.

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