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W W W. M A I N E B I Z . B I Z 5 F E B R UA R Y 5 , 2 0 2 4 Copyright 2024. 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 $84.00 and include Fact Book and Book of Lists. To subscribe, please visit our website at www.mainebiz.biz, email circulation@ mainebiz.biz 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 9 Building Business Looking ahead at several projects in the planning stages 25 On the Record For SMRT's new leader, 'the sky's the limit' for Maine's biggest architecture firm 26 In Short Newsworthy people and performances 30 The List Maine's largest commercial property leases 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 Lack of inventory continues to vex housing market 6 Ask ACE What is a Beneficial Ownership Information Report? 7 Credits & Debits 8 Biz Money Cannabis sales continue surge, but not everyone will benefit A roundup of Maine's business news 6 P H O T O / J I M N E U G E R 25 woodhullmaine.com 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