AUGUSTA, Maine (AP) — Maine’s Kennebec Journal says the sale of its newspaper building in Augusta to a counseling agency has fallen through. The newspaper and Crisis & Counseling had signed a purchase-and-sale agreement last November and expected to complete the deal by the end of January. The newspaper reported Thursday that the mental-health and […]
real estate
Posted inBusiness
Realty expert: Expect big deals in L-A
PORTLAND — Look for the Auburn Mall to sell. For activity around the Bates Mill leading up to November’s casino vote. And for development to pop at Lewiston’s Exit 80. Chris Paszyc, a CB Richard Ellis/The Boulos Co. broker who specializes in the Twin Cities market, shared that 2011 forecast Thursday morning at the Maine […]
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Posted inBusiness, Maine, sj-web
2010 sales down, prices up for single-family homes; Franklin County sees biggest gains
The Maine Association of Realtors says sales of existing homes fell nearly 3 percent in 2010 from a year earlier, but that the median sales price rose during the year. The group said Thursday that real estate agents sold 10,213 single-family homes for the year, down from 10,486 in 2009. The median sales price was […]
Posted inBusiness, Nation / World, sj-web
Banks repossess 1 million homes in 2010
NEW YORK (AP) — The bleakest year in foreclosure crisis has only just begun. Lenders are poised to take back more homes this year than any other since the U.S. housing meltdown began in 2006. About 5 million borrowers are at least two months behind on their mortgages and more will miss payments as they […]
Posted inBusiness, Maine, Nation / World, sj-web
Bank of America halts foreclosure sales in 50 states
WASHINGTON (AP) — Bank of America Corp., the nation’s largest bank, said Friday it would stop sales of foreclosed homes in all 50 states as it reviews potential flaws in foreclosure documents. A week earlier, the company had said it would only stop such sales in the 23 states where foreclosures must be approved by […]
Posted inBusiness, Lewiston-Auburn, sj-web
Auburn Mall for sale
AUBURN — The Auburn Mall is up for sale. The 300,000 square foot mall on 37.5 acres is one of three enclosed malls in the entire state of Maine, according to a press release from the listing agent, The Boulos Company. The asking price is $32 million. The Auburn Mall is anchored by JCPenney and […]
Posted inMaine, sj-web
Recovery in danger as firms, homebuyers cut back
WASHINGTON (AP) — The economic recovery appears to be stalling as companies cut back last month on their investments in equipment and machines and Americans bought new homes at the weakest pace in decades. Overall orders for big-ticket manufactured goods increased 0.3 percent in July, the Commerce Department said Wednesday. But that was only because […]
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Meet your real estate challenges
These are challenging times for all. In the commercial real estate market, it has proven to be very challenging. We have noticed that few users are active in the market and those few who are, know that it is either a tenant’s or buyer’s market. Taking advantage of such leverage, rent concessions are frequently requested […]
Posted inMaine, sj-web
Maine lighthouse with million-dollar view for sale
PORTLAND, Maine (AP) — The property has a million-dollar view, but the quarters are cramped, the grounds are nothing to brag about and a loud fog horn blares every 10 seconds. For the right price, the picturesque Ram Island Ledge Lighthouse can be yours. The 72-foot conical light tower in waters a mile off the […]
Posted inBusiness
Barrett joins Millett Realty
AUBURN — Coldwell Banker Millett Realty, 155 Center St., announces that Kelly Barrett of Lewiston has joined the Millett Realty team. Barrett is an experienced Realtor who can offer sellers and buyers marketing and representation services. She is a member of the Androscoggin Valley Board of Realtors, the Maine Association of Realtors and the National […]