The index, which measures the strength of Maine’s commercial real estate market, fell 9 points to 91 from the autumn of 2015.
J. Craig Anderson
J. Craig Anderson is a seasoned business reporter who covers a wide range of topics including banking, finance, real estate, technology and entrepreneurism. Originally from Arizona, Craig graduated Summa Cum Laude from the University of Arizona journalism school and has gone on to report for a variety of business and consumer publications such as the Business Journal of Phoenix, the Las Vegas Sun and the Arizona Republic. His work has earned him national recognition including Sigma Delta Chi and APA Journalism awards. Craig also served in the Army for four years, working as an intelligence analyst and Arabic linguist for the National Security Agency in Maryland. He currently lives in Freeport.
Posted inBusiness, News
Skilled-worker shortage crimps new construction in Maine
The lack of labor, partly because of better pay elsewhere, reduces bids for projects and delays some of them just as the industry is getting busier.
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Posted inMaine
Federal directive on transgender students gets mixed reaction in Maine
The guidelines for public schools match those issued by the Maine Human Rights Commission in light of a landmark 2014 court ruling.
Posted inBusiness, News, Politics
Sen. Angus King gets requirement for U.S.-made athletic shoes into Senate defense bill
The provision for the Department of Defense would provide a boost to New Balance, which employs 900 workers at factories in Maine.
Posted inMaine, News
Exercise at Portland jetport to simulate ‘mass casualty’ crash
Airports are required to conduct such drills every three years to evaluate their emergency response systems.
Posted inBusiness, Maine, News
Portland’s Time & Temperature Building lands in foreclosure
Facing low occupancy and years of neglect, the downtown landmark is seized by the bank.
Posted inBusiness
ImmuCell completes Portland expansion to increase production capacity
The bovine health products maker also reports a slight dip in revenue and net income for the first quarter.
Posted inBusiness
Two South Portland apartment complexes sell for $87.5 million
Brokers say a Massachusetts investment firm’s purchase of Liberty Commons and Redbank Village was the highest-dollar purchase of its type ever in southern Maine.
Posted inBusiness
Company seeking to acquire Fairchild reports decline in revenue, profit
Special non-operational costs contributed to the first-quarter declines for Phoenix-based ON Semiconductor.
Posted inBusiness, Maine, News
Houston power utility to purchase Electricity Maine parent for $28 million
Customers in Maine are not likely to experience rate changes as a result of the planned acquisition, a state official says.