New design unveiled for Munjoy Hill perfomance hall
January 22, 2013 in Articles
Author: Randy Billings
Publication: Portland Press Herald
Neighbors and a city panel asked for a design that would better blend with its surroundings.
PORTLAND — An architectural firm has come up with a new design for a performance hall proposed on Munjoy Hill, in an effort to allay the concerns of neighbors and preservationists.
The Friends of the St. Lawrence Church submitted new plans for 411-seat performance hall on Munjoy Hill on Monday, Jan. 21, 2012, which seeks to address concerns raised by residents and historic preservationists.
2012 home sales: Best in 5 years
January 22, 2013 in News
Author: Chris Isidore
Publication: CNN Money
NEW YORK (CNNMoney)
Steady December home sales capped the best year for the U.S. real estate market in five years, according to an industry trade group report Tuesday.
The National Association of Realtors said that December sales of previously-owned homes came in just slightly below November's sales pace, but up 12.8% from a year ago. That brought full-year sales to 4.65 million, up 9% from 2011 and the best year for home sales since 2007, when there were 5 million homes sold just before the start of the recession.
Vacancy rates down in fourth quarter at U.S. centers
January 17, 2013 in Articles
Author: SCT Staff
Publication: Shopping Centers Today
Vacancy rates at U.S. malls and strip centers eased in the fourth quarter, according to research firm Reis, which tracks the top 77 U.S. markets. The vacancy rate at malls declined to 8.6 percent, off one-tenth of a percentage point from the previous quarter, Reis reports. The mall vacancy rate has now declined for the five consecutive quarters since an industry 12-year high of 9.4 percent in the third quarter of 2011, according to Reis.
Commercial Real Estate Vacancies Slowly Declining, Rents Rising
January 14, 2013 in Articles
Author: Media Contact: Walter Molony
Publication: Commercial Connections
Most of the major commercial real estate sectors show gradually improving fundamentals and are easily absorbing the relatively small amount of new space that is coming online, with a full recovery already in the multifamily market, according to the National Association of Realtors® quarterly commercial real estate forecast.
Home sales in Portland rebound from the recession
January 11, 2013 in Articles
Author: Jessica Hall
Publication: Portland Press Herald
Sales of single-family homes rose in 2012, marking the highest level since 2007. Median sales prices rose modestly.
Sales of single-family homes in Portland in 2012 reached the highest level since 2007, before the recession.
Sales totaled 427 homes last year, up about 14 percent from 2011, according to data compiled by the Maine Home Connection real estate firm.
