PORTLAND – The Miami based developers responsible for the Bayside Development have made a compromise, now planning to build the 4 apartment and retail buildings on Somerset Street 6 stories high, rather than the previously proposed 14 story buildings.
PORTLAND – Ocean Gateway parking garage and the longtime vacant lot across from the Ocean Gateway marine terminal will go up for sale as part of a package deal. With no current listing price, the garage is estimated to be valued at just under $9-10 million, with the lot valued at $1 million.
PORTLAND – A New York based group of Investors, Middle Street Holdings, LLC, has purchased three buildings located at Four Canal Plaza and 178 Middle Street, also known as The Boyd Block. Cardente Real Estate's Karen Rich is quoted in the Portland Press Herald's article on the subject.
PORTLAND – A landmark Portland is scheduled to go to auction this September. Tranzon Auction Properties will be auctioning 415 Congress Street on September 18th.
PORTLAND – Demand is up after a cold winter but the median sales price increases just 0.54 percent over 2013. Buoyed by low interest rates, pent-up demand from a cold winter and an influx of retirees, sales of existing single-family homes in Maine jumped by 14 percent last month, outpacing activity nationwide.
