Chris Rhoades and Andrew Preston say they’ll decide how to use the downtown building’s mostly vacant office tower and submit their restoration plans to the city by February.
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Posted inBusiness, Maine, News
Buyers postpone Saddleback purchase
The sale of the shuttered ski resort will be pushed into early 2020 as the state’s finance authority reviews the deal.
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Posted inBusiness, Maine, News
November decline hurts Maine’s overall home sales in 2019
The state had been on track for a record year before single-family home sales dropped by nearly 8% last month from the same period in 2018.
Posted inBusiness, Maine, News
Chris Sauer, co-founder and CEO of Ocean Renewable Power Co., is retiring
The well-known entrepreneur will remain involved in the Portland company as an adviser.
Posted inBusiness, Maine, News
Panel considers gas tax, state money to boost Maine’s highway funding
A commission scheduled to finish work at the end of 2019 will ask for more time to draft a long-term solution to Maine’s road funding shortfall.
Posted inBusiness, Maine, News
Bangor Savings Bank to acquire Damariscotta Bank & Trust
The combined company would have $4.8 billion in assets and more than 60 branches in Maine and New Hampshire.
Posted inBusiness, Maine, News
More turnover at Covetrus as executive accused in investors’ lawsuit steps down
Executive Vice President and Chief Financial Officer Christine Komola leaves her job two months after the company’s former president and CEO, Benjamin Shaw.
Posted inBusiness, Maine, News
Portland-based Logically makes fifth acquisition in 18 months
Logically increases its workforce to over 250 people with the purchase of Nevada-based IQ Technology Solutions, its fifth acquisition since July 2018.
Posted inBusiness, Maine
Economic gaps underscore perception of 2 Maines
Cumberland and York counties account for nearly 50 percent of the state’s GDP, a new report finds.
Posted inBusiness, Maine, News
Reducing emissions from transportation is a long, difficult road for Maine
A preference for pickups, paltry spending on public transit options and slow adoption of electric vehicles create significant obstacles for the state’s ambitious goals.