Office complex sold on Presumpscot Street

A multi-tenant office complex known as The Roundhouse, at 125 Presumpscot St. in Portland, has been sold for $8.4 million, a broker involved in the deal said Tuesday.

A New York-based investor purchased the 71,000-square-foot office complex, which sits on nearly 7 acres and includes five buildings, according to Dan Greenstein of CBRE/The Boulos Company, who represented the buyer, Roundhouse LLC.

Tenants in the complex include Casella Organics, Maine Bureau of Motor Vehicles, Administrative Office of the Courts, Pizzagalli Construction Co., Maine Revenue Services and Pediatric Development Center.

Built in 1940, the complex is unusual in that its main building is a semicircle that resembles a giant letter “C.”

New home sales decline for second straight month

Sales of new U.S. homes fell in November, evidence that recent job gains have yet to boost the housing sector.

The Commerce Department says new home sales slid 1.6 percent last month to a seasonally adjusted annual rate of 438,000, the second straight monthly decline. October sales fell 2.2 percent to a downwardly revised rate of 445,000.

The construction market has been sluggish in 2014 and continues to lag the broader economic recovery that began more than five years ago.

Purchases plunged 12 percent in the Northeast last month, while sales also skidded in the Midwest and South. Home-buying increased 14.8 percent in the West.

Family Dollar delays vote on Dollar Tree’s offer to buy

Family Dollar says it has delayed a shareholder vote on its proposed $8.5 billion acquisition by Dollar Tree until Jan. 22.

The Matthews, North Carolina-based discount retailer held a special meeting Tuesday for shareholders to vote on the deal. But the company says there were insufficient votes and the decision was delayed.

Family Dollar Stores Inc. has been courting multiple buyout offers.

— From staff and news services

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