Title

"Building and real estate" piece on speculative building projects, noting that d

Source

Mainebiz

Date

4-26-2004

Pages

23-25

Abstract

"Building and real estate" piece on speculative building projects, noting that despite the fact that speculative building during the real estate boom of the late 1980s led to the real estate crash of 1993 and 1994, a handful of projects are under discussion or ready for construction across the state. Commercial realtors say that this time around, the crucial difference is that the projects are often backed by local and state funding, rather than by a private developer. Companies looking for new space appreciate the advantages of speculative building, according to Jim Harnden of Portland-based commercial brokerage Ram Harnden. Paul Levesque, CEO of First Park, a $5.5 million business and technology park developed by the Kennebec Regional Development Authority, hopes a speculative building there will lure out-of-state companies to the park. But even some proponents of speculative building question if the facilities really do attract companies from away.

Subjects

Real estate development

Full text is not available here. Please contact the Library for a copy of the article.

Share

COinS