"In the depressed real estate market, some Portland buildings are going" by Colin Sargent
 

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

Authors

Colin Sargent

Source

Portland Monthly

Date

1-1-2009

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

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

Share

COinS