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Beachfront hotel in York sells for $23M

Brent and Mary Jane Merritt sold the Union Bluff Hotel to Giri Hotel Management, which now has more than 20 hotel properties in Maine.

York beachUnited statesNew hampshireYork countyCape neddickBar harborRyan aminJosh soleyFrank carrBryan careyMary jane merrittUnion bluff hotel to giri managementMaine realty advisorUnion bluff houseUnion bluff is giriMaine realty advisors

Former Brass Compass building sold to southern Maine group

The restaurant closed Nov. 1.

United statesSouth berwickJosh soleyGlynn archerRebecca henryJames henryMaine realty advisorsTres comasBrass compassRemington street properties

Eatertainment center with 2 eateries, rooftop dining eyed for Auburn

Eatertainment center with 2 eateries, rooftop dining eyed for Auburn
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Portland building anchored by Consolidated Communications sells for $11 75M

Originally developed for Northern New England Telephone Co., offers came from throughout the country. The buyer was willing to tour the property early, an important consideration for their selection.

United statesJosh soleyJim gibsonChris adamsCommunications holdings incDavis farmPizzagalli propertiesStan johnson coCourtesy maine realty advisorsMaine realty advisorsNorthern new england telephone coConsolidated communicationsFarm roadStan johnsonSouth burlingtonNorthern new england telephone

String of transactions helps investor fine-tune portfolio

A series of sales and acquisitions over the past year have helped South Berwick real estate developers Jim and Rebecca Henry tune their portfolio to new opportunities, as Maine becomes the go-to state for people looking to move from larger metropolitan areas. The Henrys, owners of real estate development company Remington Street Properties, come from software technology backgrounds in Boston, then became active in real estate investment in Massachusetts, New Hampshire and Maine. Jim Henry is originally from Maine. Their focus initially was on the Portland multi-family market. In 2019, they took their first plunge into the office market with the purchase of the Cinamon Building at 1 Pleasant St. in Portland’s Old Port and also expanded geographically, buying 19 mostly multi-family buildings in Augusta.

United statesNew hampshireAcadia national parkUnited kingdomHancock countyMount desert islandSouth berwickKevin fletcherKirk butterfieldJim henryFrank carrDan greensteinJason clarkKyle danielsonBob horvathJosh soley

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