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Maine Real Estate & Development Association Announces Additions to its Board of Directors


Eben Adams of South Portland and Amy Booth of Cumberland have been elected to the board of directors of the Maine Real Estate & Development Association (MEREDA), a statewide organization of commercial real estate owners, developers and related service providers.

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Maine Real Estate & Development Association (MEREDA) Announces Membership & Marketing Committee Chair





The Maine Real Estate & Development Association (MEREDA) is pleased to announce that Jason Favreau of Westbrook will chair MEREDA’s Membership & Marketing Committee.

Jason Favreau, CPA MST, is a Principal in the Tax Services Group at BerryDunn and specializes in providing consulting and compliance services to clients in a variety of industries including real estate development, hospitality, and long-term care.  He has extensive experience providing proactive advice regarding complex closely-held business tax matters in order to determine the best tax strategies and structure to optimize tax benefits.  Jason earned a Master of Science in Taxation degree from Bentley University and was the recipient of the Professor E. William Dandes award.



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  Maine’s Real Estate Industry Leaders Project "A New Normal" for 2015 at MEREDA's Annual Forecast Conference  
A record of over 750 of Maine’s real estate professionals gathered recently to hear experts give statewide economic projections for 2015 at the Maine Real Estate & Development Association (MEREDA)’s annual Forecast Conference, sponsored by TD Bank, in Portland. Industry leaders revealed high hopes for the state’s economy in 2015.

The daylong event featured a welcome address by Governor Paul LePage, stating that in 2015 “the most important thing [for the state’s economy] is to get job creators to invest in Maine”, as well as eight market forecast presentations. These initial projections cite 2015 as ushering in a “new normal” of consistent growth.  

Michael Dolega, Senior Economist at TD Economics, a highly experienced US economic researcher and forecaster, provided his insight on the future of Maine’s economy predicting 2015 as the year of strongest economic growth for Maine in at least the last decade.

Southern Maine’s industrial, residential, office and retail forecasts all showed a promising industry outlook for 2015. Justin Lamontagne of NAI The Dunham Group cited low vacancy rates in the industrial sector, while Brit Vitalius of Vitalius Real Estate Group noted due to lack of inventory, the multi-family Portland housing market may expand to new areas of growth, such as Westbrook. According to Angelia Levesque of Better Homes and Gardens, The Masiello Group, while student loan debt and misconceptions prohibit millennials from taking the next step, 73% of Gen Y believes that home ownership is an excellent investment.


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