In The Press
Mainebiz
Real Estate Insider Notebook: A Portsmouth fashion brand finds Old Port space; UMaine investments
Drift Collective, a Portsmouth, NH, brand whose clothing evokes a beach vibe and is produced in-house, will open a store in Portland’s Old Port. (Read More)
Mainebiz
17-property real estate megadeal is one of Maine’s largest this year
The portfolio sale of 17 multifamily buildings in Sanford, including 49 fair-market and subsidized apartments, is one of the largest of its type this year in southern Maine. (Read More)
Portland Press Herald
Historic Brunswick hotel reopens after $3.5 million in renovations
A historic Brunswick hotel – previously known as The Daniel – reopened as The Federal on Sunday following a two-year closure and a more than $3.5 million facelift. (Read More)
Mainebiz
Long-term leases in classic Old Port building attract 1031 tax exchange
Long-term leases by restaurants and other businesses in an older building in Portland’s Old Port proved attractive to a couple seeking a new investment after they sold their Wells campground. (Read More)
Portland Press Herald
Falmouth Shopping Center project almost full
The majority of space in the two buildings has largely been leased out months before construction is completed. The developer behind two new buildings at the Falmouth Shopping Center has leased the majority of space before construction is even finished. Developers say that points to high demand for commercial property in the area. (Read More)
Portland Press Herald
Brunswick’s The Daniel to remain a hotel under new buyers
Despite initial plans to convert the building into senior housing, new owners Bella Point Holdings LLC have decided to reopen the historic inn as an “upscale hotel,” according to the buyer’s broker. The hotel sold at auction for $1.6 million. (Read More)
Mainebiz
An Old Port building, with a long-term tenant and parking, sells for $6.1M
A building with prime retail space on Commercial Street has changed hands. The building’s primary tenant is LeRoux Kitchen, which occupies four levels, including the ground floor. Another floor with office space is available for lease. The building also includes its own small parking lot, a significant feature with more new development taking over surface lots in Portland. (Read More)
Mainebiz
Wharf Owner Chooses Portland Science Center Over Office Tenant to Fill Last Vacancy,” June 16, 2015
The Portland Science Center will be opening soon at 68-72 Commercial Street on the Maine Wharf. Compass Commercial Brokers managing partner Steve Bauman represented owner Stephen Goodrich as the property’s broker, and praises Goodrich’s vision for Portland’s downtown. (read more)
Portland Press Herald
“26 Condo Units Proposed for Group of Buildings in Heart of Old Port,” June 5, 2015
The apartments on the upper floors of 10 Exchange St. have been empty since the city condemned the building for safety violations in 2009.
But with vacant housing scarce and a new wave of residential construction gaining momentum, a local businessman wants to rehabilitate portions of four buildings at that Old Port address, which were constructed in the immediate aftermath of the Great Fire of 1866, and convert them into new residences. Compass Commercial Brokers exclusively represented this transaction.(read more)
Mainebiz
“New York Investor Buys Portland Complex” December 24, 2014
A New York City-based investor has purchased a 71,000-square-feet office campus in Portland for $8.4 million, stating that it plans to eventually expand the complex.
The Roundhouse Complex at 125 Presumpscot St. was sold to Portland Roundhouse Holdings LLC by Presumpscot Street Properties LLC, according to the Mainebiz Real Estate Insider, a weekly newsletter. Compass Commercial Brokers sold and continues to represent this property.
The complex’s tenants include Pediatric Development Center, Maine Bureau of Motor Vehicles, PC Construction Co., Casella Organics, Maine Revenue Services and Administrative Office of the Courts. (read more)