Title

In the depressed real estate market, some Portland buildings are going for barga

Authors

Colin Sargent

Source

Portland Monthly

Date

1-2009

Additional Date Information

Winterguide 2009

Pages

65, 84-85

Abstract

In the depressed real estate market, some Portland buildings are going for bargain prices. The $10 million Portland Public Market building sold for $1.7 million to Ted West, who then sold it to PowerPay for $2.2 million. Portland Hall, assessed at over $6 million, sold with an asking price of over $3 million. In the tight credit market, those able to offer cash are driving the bids lower. A Connecticut investor visited Maine for the first time and bought the entire Eaton Mountain ski resort for $600,000.

Subjects

Office buildings Portland, Commercial real estate

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