It’s going to get worse before it gets better. That phrase wasn’t what attendees wanted to hear, but that was the take-away message at the Maine Real Estate and Development Association’s 2009 Annual Real Estate Forecast Conference, held Jan. 29 at the Holiday Inn by the Bay in Portland. Presenters from all of Maine’s real estate sectors — office, industrial, residential and hospitality — provided, with varying degrees of grimness, a 2008 year-in-review and predicted an even tougher year in 2009. Maine’s retail market was no exception. The state, like the nation, is suffering from what industry experts are calling the market ’s worst contraction in 35 years, as national retailers like Circuit City and Linens ‘n Things go out of business. The sour market has also put the brakes on retail development in the state, including the planned $8 million expansion of the Maine Mall, which owners General Growth Properties recently decided to postpone indefinitely becaus e of the weak economy — the second planned expansion the Chicago firm has scrapped in Maine since 2008. (Continued on PDF)
Projecting properties: MEREDA's annual forecast conference steels real estate professionals for a rough 2009
February 9, 2009 in News
Author: Mindy FavreauPublication: MaineBiz
Read the PDF
Archive
-
2021
-
January
-
March
-
April
-
May
-
August
-
-
2020
-
February
- Cardente Real Estate Featured Listings - February 7, 2020
- Cardente Real Estate Wishes All A Happy Valentine's Day!
- CARDENTE REAL ESTATE SELLS SABLE OAKS REDEVELOPMENT SITE IN SOUTH PORTLAND
- UP TO 34,230 +/- SF AVAILABLE AT PORTLAND'S PREMIER DISTRIBUTION FACILITY
- Cardente Real Estate Featured Listings - February 26, 2020
-
March
-
April
-
June
-
July
-
August
-
September
-
October
- FREESTANDING PORTLAND PENINSULA COMMERCIAL BUILDING ON VISIBLE CORNER
- CARDENTE REAL ESTATE FEATURED LISTINGS- OCTOBER 8, 2020
- NEW LISTING SPOTLIGHT: Two Unit Commercial Owner/ User Investment Property
- NEW LISTING SPOTLIGHT: Freestanding Portland Peninsula Commercial Building On Visible Corner
- NEW LISTING SPOTLIGHT: One Unit Remaining at Yarmouth's Landmark Sparhawk Mill
- NEW LISTING SPOTLIGHT: HIGH END MEDICAL OFFICE/OFFICE CONDO IN PORTLAND FOR SALE
- Cardente Real Estate Reps Maine Needs In Lease in Portland
-
November
-
December
-
-
2019
-
March
-
July
-
August
-
September
- CARDENTE REAL ESTATE LEASES 4,000 +/- SF RETAIL UNIT AT 301 FOREST AVENUE
- JOE DIONNE JOINS THE CARDENTE REAL ESTATE BROKERAGE TEAM
- Cardente Real Estate Weekly Listings Update
- 3,550 +/- SF LEASED AT FOX STREET BUSINESS CENTER
- CARDENTE REAL ESTATE REPRESENTS MORRISON CENTER IN PURCHASE OF 31 CENTRAL STREET IN WESTBROOK, MAINE
- CARDENTE REAL ESTATE WEEKLY COMMERCIAL LISTINGS UPDATE 9.28.19
-
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
- BROCHURE FOR PREMIER INVESTMENT PORTFOLIO RELEASED
-
November
-
-
2018
-
January
-
March
-
June
-
September
-
-
2017
-
January
-
February
-
April
-
May
-
July
-
October
-
November
-
December
-
-
2016
-
February
-
March
- Mark Sandler New England Real Estate Journal
- Much Needed Makeover
- Portland Balancing Between Staying True to its Roots and Development
- Tyler Technologies Coming to Maine
- Suburbs Say Housing Crunch isn't just Portland's Problem
- Recent Sales Heat up Lewiston-Auburn Retail Market
- Possible Propane Depot Move a Big Step for Thompson's Point
-
April
-
May
-
June
-
July
-
August
-
October
-
November
-
-
2015
-
February
- Maine's Real Estate Industry Leaders Project "A New Normal" for 2015 at MEREDA's Annual Forecast Conference
- Mark Sandler Joins Cardente Real Estate
- Home Depot to Hire 450 in Maine
- Taking a look back at what transpired during 2014 in the commercial real estate market
- 9 Small Beer Cities That Deserve National Attention
- Cellardoor Winery to open large tasting room, event space at Thompson's Point
- Boothbay Harbor restaurateur buys Bartley's Dockside Restaurant in Kennebunk
- Portland Co, rezoning gets Planning Board endorsement
-
March
-
April
-
May
-
July
- Portland removing barriers to fix an urban-renewal mistake
- Mac Air Group to begin construction on facility at Portland jetport
- Owner of Gorham Bike & Ski buys Portland building
- Sarah Sausville Celebrates first year as “In House” Architectural Designer at Cardente Real Estate & Cardente Construction
- From Paris to Portland: Craft pastries have arrived
-
August
-
September
-
October
-
November
-
December
-
-
2014
-
January
-
February
-
March
-
May
-
July
-
August
-
September
-
October
-
November
-
December
-
-
2013
-
January
- Portland developer to refine design of $38 million project
- Best car sales in five years
- Maine Job Spotlight
- Home sales in Portland rebound from the recession
- Commercial Real Estate Vacancies Slowly Declining, Rents Rising
- Vacancy rates down in fourth quarter at U.S. centers
- 2012 home sales: Best in 5 years
- New design unveiled for Munjoy Hill perfomance hall
- Housing to drive economic growth (finally!)
-
February
-
April
-
May
-
July
-
August
- Walmart scraps planned expansion that closed Falmouth cinema
- Biddeford Market Basket a big hit among early shoppers
- Portland committee OKs sale of downtown plaza
- Home sales jump 31% in July
- Old Port Portfolio Going to Auction
- Cardente Commercial Real Estate Brokers Sale 84,000 +/- Square Foot Office Tower in Portland
- Six Old Port properties to be auctioned online
- Two blocks of Portland’s Old Port to go up for auction in September
- $38 million Portland project 'starting to gel'
- Cumberland Ave. housing project wins approval
-
September
-
October
-
November
-
December
-
-
2012
-
January
-
February
-
April
-
May
-
July
-
August
- Former Press Herald building eyed as boutique hotel
- Maine Mall retail space nearly full
- CIvic Center groundbreaking next week
- Cool Benefits of Solar-Reflective Surfaces for Shopping-Center Owners and Society Energy‐Efficient Pavement Creates Savings and Customer Appeal
- Commercial Real Estate Remains Highest Rated Investment Alternative
-
September
-
October
-
November
-
December
-
-
2011
-
February
-
March
-
April
-
June
-
July
- 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
-
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
-
September
-
October
-
November
-
December
-
-
2010
-
May
-
June
-
July
-
August
-
September
-
October
-
November
-
-
2009
-
2008
-
2007
-
February
-
April
-
July
-
August
-
October
-
November
-
December
-
-
2006