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Maine Real Estate Industry Leaders Recognized at MEREDA's 2015 Forecast Conference

01/29/2015

A record of over 750 of Maine’s real estate professionals gathered recently to hear experts give statewide economic projections for 2015 at MEREDA’s annual Forecast Conference, sponsored by TD Bank, in Portland.

In addition to a daylong event featuring economic overviews by region and by industry, the 2015 MEREDA Forecast Conference included an awards ceremony to recognize four outstanding industry professionals.

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Maine Real Estate & Development Association Elects Jennifer Sirois to Board of Directors

02/13/2015

 

     

 

Jennifer Sirois of Saco has 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.

Jennifer Sirois is a Relationship Manager for the Commercial Real Estate lending group at TD Bank, N.A. She has been with TD Bank since 1998, working in retail, Private Banking, and Commercial Credit Underwriting prior to moving into Commercial Real Estate in 2008. Jen has been a Board Member of the Risk Management Association since 2005, Board Member of Junior Achievement of York County since 2009, and is a member of the Young School Construction Committee for the Saco School Department.

 

 

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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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