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.
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, Local & State, News
VA submits plan to build community clinic on West Commercial Street in Portland
The U.S. Department of Veterans Affairs proposes a 62,000-square-foot clinic and an adjacent 382-space covered parking garage at the site of an abandoned rail spur west of the Casco Bay Bridge.
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Posted inBusiness, Local & State, 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, Local & State, 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, Local & State, 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
Volkswagen, Toyota threaten to revoke Saco dealerships’ franchise rights
The auto manufacturers blasted Prime Motor Group owner GPB Capital Holdings for firing former CEO David Rosenberg without their approval.
Posted inBusiness
Verso proposes new board leadership to fend off investor coup
The corporate maneuvering does not appear to pose a threat to Verso’s pending sale of the Androscoggin Mill in Jay.
Posted inBusiness
Clark’s Pond Parkway retail center in South Portland is up for sale
The 62,000-square-foot center has been listed with an asking price of $7.2 million.
Posted inBusiness, Local & State, News
Symposium explores ways to close widening gap in Maine’s workforce
The state will have to add an estimated 158,000 trained people to its workforce by 2025 to maintain economic growth, Educate Maine tells participants at its annual symposium.
Posted inBusiness
Ousted Prime Automotive Group CEO sues to be reinstated
David Rosenberg says GPB Capital Holdings violated dealership franchise agreements with auto manufacturers when it fired him in September.