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V O L . X X I N O. X X V I I N OV E M B E R 3 0 , 2 0 1 5 8 B U S I N E S S M A I N E B U S I N E S S M A I N E B U S I N E S S N E W S F RO M A RO U N D T H E S TAT E offi ce building is expected to begin next April. Fred Forsley, co-founder of Shipyard Brewing Co., and Portland-based Bateman Partners LLC, unveiled details of the proj- ects at the brewery with Portland's director of economic development, Greg Mitchell. e condo building at 185 Fore St. will have eight units, including two penthouses, ranging in price from $400,000 to $1 mil- lion. Half have already been sold, and the fi rst fl oor retail space will be leased to Nine Stones Spa, cur- rently located at 250 Commercial St. It's expected to be ready for occupancy next September. e fi ve-fl oor offi ce building will be built at 16 Middle St. and includes an extended entrance to the garage. e fi rst fl oor will be retail or some other commercial use and the second through fi fth fl oors will feature 10,000 square feet of Class A offi ce space. USM's proposed international school gets initial OK e University of Maine System Board of Trustees approved a reso- lution on Nov. 16 applauding the University of Southern Maine's proposal to establish an early col- lege for international students. USM's proposed International Early College would allow high school juniors and seniors from other countries to take two years of classes at USM to complete their high school diplomas. e college credits earned could be applied toward a degree at USM or elsewhere in the United States. It would be the fi rst such school in Maine, according to a news release from USM. e Board of Trustees won't review the concept for a fi nal approval until early 2016, after additional planning. USM President Glenn Cummings said the proposed international school would be an important addition to the university. "It would strengthen diversity and enrich the classroom and campus experience for all our students, it would further our Metropolitan University mission, and it would provide a new revenue stream to help us expand academic and student-support programs," Cummings said in a release. He said the university is optimistic it will be able to begin recruiting for the school in the winter and spring. If approved by trustees early next year, the fi rst class of international students would be expected to arrive next fall. Arundel Barn Playhouse to become live music venue Kennebunkport hotel developers have reached an agreement to buy the Arundel Barn Playhouse and convert it into a live music venue. e group, Vinegar Hill LLC, said Nov. 19 that it plans to make reno- vations over the winter in prepa- ration for opening to the public in June 2016. e sale is expected to close in December. e price wasn't disclosed. Two partners of Vinegar Hill, Tim Harrington and Debbie Lennon, are also partners at Kennebunkport Resort Collection, which owns nine hotels and resorts, seven restaurants and several ven- ues in the Kennebunkport area. Harrington is also the developer behind the plan to convert a former Biddeford mill into a hotel and apartment complex. HR fi rms join forces Portland-based Career Management Associates, one of the largest HR services fi rms in the state, has acquired Dale Carnegie Maine, the local franchise of workforce train- ing provider Dale Carnegie Training. David Ciullo, president of Career Management Associates, said in a statement Nov. 17 that the combined company will retain current Dale Carnegie Maine President David Stearns and all existing employees. Ciullo will assume the role of CEO for both CMA and Dale Carnegie Maine. e acquisition will provide expanded training options and new opportunities for job growth and creation. Terms of the sale were not disclosed. Career Management has seven employees, and Dale Carnegie Maine has four, according to the Portland Press Herald. N O T E W O R T H Y S O U T H E R N The recent sale of a Munjoy Hill con- dominium overlooking Casco Bay set a new record for price per square foot on Portland's peninsula, the broker for the property said. The second story of 130 Eastern Promenade, three-story luxury condominium build- ing, was sold for $1.7 million, for a price of about $893 per square foot, according to broker LandVest. That's more than double the previous record for the last decade of $420 per square foot for a property on the Portland peninsula, said Karen Reiche, a principal at LandVest. ATTN: BUSINESS OWNERS & MANAGERS: Save $$$ on your company's heating AND AC bills!!! The ductless heat pump The latest technology is typically 1/2 the cost of heating with oil, propane, kerosene or electric baseboard Save up to 35% on your company's energy consumption One unit provides heating and cooling with easy zone installation Low cost heating in the Winter AND efficient AC in the Summer Provides improved air quality Call Maine Electrical Alliance today! 1-888-666-1947 MaineElectricalAlliance.org Some restrictions may apply $ 1600 for commercial installs!! *Efficiency Maine — up to $1250 in rebates *Maine Electrical Alliance — up to $350 in rebates for SAVE up to

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