2019 Annual Real Estate Forecast Conference

Malone Commercial Brokers’ Karen Rich presented the Southern Maine Retail Forecast in the Sector Analysis portion of the Maine Real Estate & Development Association’s Forecast Conference and Member Showcase. A record 1,000 real estate professionals attended on January 17, 2019. See Karen’s presentation below in video format or click here to go to our “Reports” page for PDF.

Maine's First Duluth Trading Co. Store

The first Duluth Trading Co. in Maine opened in So. Portland at 55 Maine Mall Road. Andrew Ingalls of Malone Commercial Brokers brokered the sale of the undeveloped 1.5 acres of which approximately one acre was buildable.  It took over 9 months for the buyer/builder, Oppidan Inc., to get final approval, which they received in March with the goal to be open for Christmas, which they have clearly achieved.  Read more…

The site was just waiting to be developed. Read more on the site and listing broker Andrew Ingalls’ interview in this November 14 article from Mainebiz.

Portland Office Park

It was a near full house at this forum held Oct 17 at the Portland Public Library.  Jennifer Small, Associate Broker at Malone was one of the four panelists at this Business Breakfast Forum led by Portland Press Herald Business Reporter, J. Craig Anderson.   The panel discussion included existing properties and new construction in Portland and how that impacts Class A and Class B office, downtown, mixed use, the suburban market, traffic and parking.   The panel also did a Q&A with the audience.

 “…with regards to medical office space, we’ve seen most expansion in existing buildings and there is good inventory which makes it less expensive than new construction.  Suburban buildings have appeal for expansions because there’s less of a scramble for parking.  Consolidations of practices are a large part of medical office expansion in Portland.”  - Jennifer Small, Associate Broker

Panelists: Drew Anderson, Attorney & Partner - Murray Plumb & Murray; Sam LeGeyt, Associate Broker - NAI/The Dunham Group; Jennifer Small, Associate Broker - Malone Commercial Brokers; Nate Stevens, Associate Broker - CBRE/The Boulos Co.

Portland's Parris Terraces Groundbreaking

Groundbreaking for Portland's first unsubsidized workforce housing in the city's history:  Parris Terraces at 60 Parris Street in the Bayside neighborhood.  Pictured:  Portland Mayor Ethan Strimling, Portland City Councilor Jill Duson, Jak Soley (Developer: Horton LLC), Jesse Thompson (Architect:  Kaplan & Thompson), Noel Graydon (Finance: Norway Savings Bank), Peter Harrington (Malone Commercial Brokers), Ali Malone and Andrew Roy (Portside Real Estate Group).

Press Herald Business Breakfast Forum: Tax Cuts-Help or Hindrance?

Mark Malone, CCIM and Marie Gresik of Malone Commercial Brokers attended the Portland Press Herald's Business Breakfast Forum held at the Portland Public Library on February 28 on the tax cuts and jobs act signed into law by President Trump last December.  They heard from a panel of Southern Maine's business community about the changes that they have seen so far in 2018.

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Welcome!

We are proud to announce that Cheri Bonawitz, Karen Rich and Brandon Mitchell are now associated with Malone Commercial Brokers. 

Cheri is a Broker and CCIM (Certified Commercial Investment Member).  She has extensive experience in the leasing and sale of commercial and investment real estate. 

Karen is a Broker and has been practicing commercial real estate in Maine since 1991.  Her expertise in assembling development sites throughout Maine has proven valuable to her clients. 

Brandon is an Associate Broker.  His previous career in construction management gives him first-hand knowledge and experience in land use regulations, zoning, site work requirements and building costs.

Have a commercial real estate question? Want to inquire about a specific space? Contact us today!

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