Latest News + Transactions — Maine Commercial Real Estate

Historic Herbert Hotel in Kingfield Sells to Sugarloaf for Employee Housing

Sugarloaf ski resort has purchased the Herbert Grand Hotel in Kingfield to help expand housing options for employees, who have been squeezed by a costly, short-supplied market of homes near the Carrabassett Valley mountain. (Courtesy Jessica Hall/MaineBiz)

John Doyon, Jennifer Small, Joe Malone of Malone Commercial Brokers brokered the transaction. Read the full report from MaineBiz HERE.

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Time & Temp Sign to Feature MCB Fundraising Campaign

[PORTLAND, MAINE | April 13, 2022] Malone Commercial Brokers is pleased to announce they will be taking over the iconic “Call Joe” Time and Temperature sign from May 2nd through May 4th. Watch for the acronym “MCB 4ME” decorating the Portland skyline.

This abbreviation, short for “Malone Commercial Brokers for Maine,” is a fundraising effort to support Maine students. The sign campaign coincides with the sold-out annual MEREDA Strikes for Scholars Bowl-a-Thon Fundraiser event on May 5th, where MCB is a yearly participant.

According to Molly McGuire, Ops Manager/Designated Broker at MCB, “The idea came about at the 100+ Women Who Care annual fundraiser auction, when I won the bid for three days on the Time and Temp sign, I thought it would be a great opportunity for MCB to expand even further on MEREDA’s Strikes for Scholars Campaign.”

Malone Commercial Brokers (MCB) is asking locals who see the MCB 4ME message on the sign from May 2-4, 2022 to snap a photo of it and post it on their social media accounts with the hashtag #MCB4ME. For each tag and share, MCB will donate to the ACE Mentor Program of Maine and AGC Maine Education Foundation. “We encourage people to have fun with these posts. We’d love to see selfies, puppy pix and sunsets with the MCB 4ME sign,” says Susie Pollard, Marketing Specialist at MCB. The top shares and posts with the hashtag #MCB4ME will be featured on MCB social media and website. For more details on the program and donation opportunities, go to www.malonecb.com.

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For more about the ACE Mentor Program of Maine, go to www.acementor.org and AGC Maine Education Foundation at www.agcmaine.org. Details on Mereda’s Strikes for Scholars Bowl-a-Thon Fundraiser are at www.mereda.org. For information on 100+ Women Who Care go to www.100womenwhocaresouthernmaine.com

Malone Commercial Brokers is a top commercial real estate firm based in Portland, Maine. Serving owners, tenants, and investors throughout the state since 1983, established relationships and market expertise are among the many reasons Malone Commercial Brokers is a recognized leader in the Maine real estate market.

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Freeport Revitalization Means More Residences and Development Downtown

In the latest news from the Portland Press Herald, Freeport is “in the process of reinventing itself.” This transformation is projected to revitalize downtown Freeport from a premier tourist destination to a thriving community center where a growing number of locals live, work, socialize, and shop.

Russell Preston of Boston urban design firm, Principle Group, is working with town officials on the plan for town center. According to Preston, Freeport Village Station will be the epicenter for the development of the downtown community.

Mark Malone of Malone Commercial Brokers is representing the sale of a portfolio of five buildings and two lots in the heart of this downtown district. The permitted use of these projects ranges from office, public or private school, multiple family dwelling, restaurant, or day care facility to parking lot or structure. Now is the optimal time to invest in the opportunity zone of downtown Freeport.

To learn more about the plan for Freeport, read full article from Portland Press Herald by clicking HERE.

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For information about any or all of the Freeport Village Portfolio for sale, please contact Mark Malone at mark@malonecb.com or 207.772.2422.

Click HERE to view listing details for the Freeport Village Portfolio now.

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Maine Med Sells Historic Portland Homes Once Used for Hospital Staff Housing

Malone Commercial Brokers is pleased to announce the sale of historic Western Prom portfolio located at 231-227 Western Promenade and 94-98 Chadwick. These historic homes owned by Maine Medical Center were purchased by Quercus Alba LLC/Quercus Rubra LLC.. Joe Malone, Jennifer Small and Mark Malone of Malone Commercial Brokers represented the seller; Alessandra Malone of Waypoint Brokers Collective represented the buyer.

For the full MaineBiz article, click HERE.

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