In the early morning hours of November 21st, 2006, Portland's city council narrowly voted to approve a new "Formula Business" ordinance for several sections of the city's commercial district.
THe purpose of the ordinance, as stated by the city council of Portland, was to "regulate the number and location of formula businesses in order to maintain the city's unique character, the diversity and vitality of the city's commercial districts, and the quality of life of Portland residents". (Continued on PDF)
One flew under the Cuckoo's nest: Portland city council approves new "Formula Business"
February 1, 2007 in Articles
Author: Greg PerryPublication: New England Real Estate Journal
Read the PDF
Percentage Rent Can Make Sense
December 24, 2006 in Articles
Author: Matthew CardentePublication: Portland Press Herald/Maine Sunday Telegram
Retail leases should be a partnership between landlord and tenant. One way to help achieve that relationship is percentage rent—a method of compensation in which the tenant pays a percent of annual gross sales to the landlord.
Typically found in large shopping centers, percentage rent can be used for all types of retail, including servicerelated businesses, and smaller properties like a convenience store or restaurant. To date, the rent structure is rare in Maine; but with continued expansion in the state’s retail market, the arrangement is expected to become more prominent. (Continued on PDF)
Creative Investment Solutions
November 3, 2006 in Articles
Author: Nathan DeLoisPublication: Northeast Real Estate Journal
In 2001, the tech-sector busted and many major cities lost large tenants who left behind empty office space. In Portland however, it was business as usual. By 2003, the national vacancy rate was over 16% while Greater Portland’s vacancy rate was just over 6%. Needless to say, investors found this scenario attractive and income-producing investment properties were unloaded by the handful to local and out-of-state investors alike. While, Maine remains a stable real estate investment market, this fact is no longer a secret. And, as the demand for tenanted real estate continues to outweigh the supply over the past couple years, it takes a creative new approach to yield high investment returns. (Continued on PDF)
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- Cardente Real Estate Featured Listings - February 7, 2020
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- FREESTANDING PORTLAND PENINSULA COMMERCIAL BUILDING ON VISIBLE CORNER
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2019
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- CARDENTE REAL ESTATE LEASES 4,000 +/- SF RETAIL UNIT AT 301 FOREST AVENUE
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- 3,550 +/- SF LEASED AT FOX STREET BUSINESS CENTER
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- CARDENTE REAL ESTATE WEEKLY COMMERCIAL LISTINGS UPDATE 9.28.19
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October
- CARDENTE REAL ESTATE SELLS LANDMARK PAYNE ELWELL PROPERTY IN YARMOUTH, MAINE
- CARDENTE REAL ESTATE LEASES 1,626 +/- SF OLD PORT RETAIL SPACE
- PREMIER COMMERCIAL PORTFOLIO FOR SALE IN DOWNTOWN PORTLAND, MAINE - 130,000 +/- SF OFFICE TOWER & NEWLY BUILT 256 VEHICLE PARKING GARAGE
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- Portland developer to refine design of $38 million project
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- Cardente Commercial Real Estate Brokers Sale 84,000 +/- Square Foot Office Tower in Portland
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- Former Press Herald building eyed as boutique hotel
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2011
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- Featured Property: 146 Rand Road, Portland
- Farr Horizons Healthcare has Leased Space at 234 Middle Road
- Flat Iron Gallery has Leased Space at 594 Congress Street
- Daniel Walker has Purchased 146 Rand Road
- Six Old Port Properties Sell for $5.9 million
- Cengage Learning Move to Hathaway Creative Center
- Tire Warehouse Moving To Yarmouth
- New tech hub to grow industry's critical mass
- Long Road Ahead for Borders’ Landlords
- Bull Moose may be interested in some Borders locations
- Marshall's has Renewed at the Shops at Clark's Pond
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August
- Acadia Bioscience has Leased Space at 612 Brighton Avenue
- Robert Montgomery Leases Space at 4 City Center
- Debt Deal Looms as New Threat to Mortgage Interest Deduction
- Speculation: Pierce Atwood's successor may be Portland-based
- Greg Perry Has Been Appointed to the South Portland Zoning Board of Appeals
- Featured Property: 251 Woodford Street, Portland
- Pillars Antiques has leased 125 US Route One
- Roma Pizza has Leased 10 Exchange Street
- County leaders put Civic Center renovation on ballot
- Merrill’s Wharf project nears completion
- Final Vote Possible on Adams School Redevelopment
- Jenny Craig has renewed at the Shops at Clark's Pond
- US Real Estate to Outshine "Risky" Stockmarket
- Arts-centered development envisioned for Hampshire Street in Portland
- Retail sales up 4%
- Commercial Real Estate in Maine (Part 1)
- Sanford mill eyed for reuse
- Historical Images of Portland Buildings
- Free Graffiti Removal
- Tyler Technologies expands to Yarmouth
- Alan Fishman
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