Title

"Building & real estate" piece on how out-of-state investors, attracted by the s

Authors

John Salustri

Source

Mainebiz

Date

2-3-2003

Pages

24-26

Abstract

"Building & real estate" piece on how out-of-state investors, attracted by the stability of Portland's commercial real estate, are emerging as the city's key players. Portland has a smaller, less volatile market and a vacancy rate of between 4 percent and 6.5 percent, compared to Boston's nearly 17 percent and San Francisco's 20 percent. One of the city's most active out-of-state buyers recently has been Jack Swansburg of Florida, a principal in Wharf Holdings LLC, which purchased the Maine Wharf for $2.6 million along with Congress St. properties. The company evicted a fisherman who docked three trawlers at the pier as part of an effort to improve the wharf. With excerpts from the just-released "2003 Greater Portland Area Office Market Survey," by CB Richard Ellis/The Boulos Company.

Subjects

Real estate business, Swansburg, Jack

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