V O L . X X V N O. I X
A P R I L 2 9 , 2 0 1 9 50
Real estate boom
in recent years
Demand for commercial real estate has fueled a building boom
B y M a u r e e n M i l l i k e n
C
ommercial and residential real
estate are in demand. But even
before the housing crash of the
recession of a decade ago, Maine was
dealing with real estate issues that were
difficult to turn around.
Large mill spaces across the state were
emptying, and staying empty. A prolifer-
ation of shopping areas anchored by big-
box stores contributed to the commercial
drain on downtowns. Housing stock was
aging and not being replaced.
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25
R E A L E S TAT E
P H O T O / T I M G R E E N WAY
Richard Brescia, a vice president
at Cianbro, which built the WEX
Inc. headquarters (at right) in
Portland's East End. At left, is the
new AC Hotel by Marriott
