Page 3 - Boulos Co News Today

A 1,358-square-foot lease at 40 Free St. was chosen as a nice niche neighborhood with a brand-new building. Last year, the bakers made 27,000 Whoopie Balls, a top seller.

MECHANIC FALLS — The former Central Maine Healthcare building at 22 Pleasant St. could become dental offices, according to Town Manager Vic Hodgkins. Following an executive session Thursday, the Town Council endorsed a purchase and sales agreement of $280,000 with Mary Ann Pineda, Bruce Bartlett and/or Associates. Hodgkins stressed the need for sensitivity with negotiations, […]

Huntington Ingalls Industries leased 33,245 square feet at what will be the company’s first New England location. The site was partly chosen based on a new project at Portsmouth Naval Shipyard.

The Downs in Scarborough is a 500-acre development that has added more than 30 businesses and 2,000 housing units in the past few years. A broker representing the Innovation District at the Downs offers his take on how other towns can replicate the project.

The Central Maine Commerce Center changed hands earlier this month for $18.5 million, the largest commercial real estate transaction in the Augusta area since 2019.

The deal to sell the 317,400-square-foot Central Maine Commerce Center complex is especially notable given the nationwide work-from-home trend and a shifting capital markets environment that has seen higher borrowing costs.

The 19th-century structure was built as a home for a shipping merchant. The seller has its eye on potential new headquarters. For the buyer, the spot is a place to grow.

This year’s conference, held at the Cross Insurance Center in Portland on Jan. 26, had a crowd of 750-plus attendees, who were there for the showcase and more than a dozen presentations.

The 19th century structure was built as a home for a shipping merchant. The seller has its eye on a potential new headquarters. For the buyer, the spot is a place to grow.

Here's what's trending in commercial real estate this year, with updates from Auburn, Augusta, Bangor, Westbrook and elsewhere in Maine.