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W W W. M A I N E B I Z . B I Z 5 J U LY 2 5 , 2 0 2 2 Copyright 2022. All rights reserved. Mainebiz® (ISSN# 1530-0749) is published bi-weekly 29 times a year, including special issues published in July, September, October and December by New England Business Media LLC. Periodicals postage paid (USPS# 018-715) at Port land, ME and at additional entry points. Postmaster: Please send changes to: Mainebiz, PO Box 330, Congers, NY 10920-0330. Annual subscriptions are available for $72.00 and include Fact Book and Book of Lists. To subscribe, please visit our website at www.mainebiz.biz, email mainebiz@ cambeywest.com or call our circulation department at 845-267-3008. Mainebiz® accepts no responsibility for unsolicited manuscripts and in general does not return them to the sender. 3 Viewpoints Editor's letter plus Top 10 28 Building Business General store razed; new building under construction 30 On the Record New Verrill managing partner Scott Anderson to focus on growth 31 In Short Newsworthy people and performances 34 The List Maine's largest engineering firms B U S I N E S S M A I N E I N E V E RY I S S U E 6 Housing crunch hits tourism industry: 'We're turning our hotels into housing, and our housing into hotels' 7 Credits & Debits 10 Investors come from as far as NYC for Portland multifamily showings 12 Biz Money A Piscataquis Co. bat maker in the spotlight this season A roundup of Maine's business news 6 P H O T O / J I M N E U G E R 30 Considering a Commercial Project? Getting any complex commercial project o the ground requires a range of legal expertise – in site assembly, structuring, permitting, construction, financing, tax, and more. Our Maine-based commercial real estate and land use team has the breadth of experience needed for any size or type of project, including hotels, o•ce buildings, ski areas, large-scale residential subdivisions, water and wind projects, retail sites, and distribution centers. Contact us today and let us know how we can help get your project o the ground. Pierce Atwood. There's a reason… Eben Adams Rebecca Greenfield Margaret Smith Lisa Gilbreath Brian Rayback Peter Kenlan Merrill's Wharf · 254 Commercial Street · Portland, ME 04101 · 207.791.1100 · PIERCEATWOOD.COM