Appealing FEMA’s Newly Proposed Flood Maps

The roll-out of newly proposed flood insurance rate maps could hinder the rights of owners to develop their properties or dramatically increase insurance costs. In the coming weeks, communities across New England in close proximity to bodies of water will receive preliminary Federal Emergency Management Agency (FEMA) flood insurance rate maps.  In many instances, the new maps will shift flood zones further inland and upland, including more homes and businesses in high-risk zones.  Also troubling are the escalating rates for flood insurance. 

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MEREDA’s “Morning Menu” Breakfast Event: Environmental Challenges Associated with Historic Redevelopment Projects

BreakfastLogoMaine’s State Historic Preservation Tax Credit has focused many development projects on the historic buildings in Maine, many of which were otherwise neglected, vacant and underutilized.  However, these older buildings contain environmental challenges that need to be addressed as part of the redevelopment including contaminated soil, asbestos, lead paint and PCBs in building materials.

Join the Maine Real Estate & Development Association (MEREDA) on October 7th at Hollywood Casino Bangor from 7:30 – 9:00 AM to learn more about how to identify these environmental challenges, how to obtain protections from these environmental liabilities, how to access the state and federal grant/loan programs that are available to address these liabilities, as well as financing options and criteria for businesses utilizing these properties.   The seminar will rely on case examples from recent projects successfully completed in Maine.

Visit www.mereda.org for more information and to register. 

Registering for this Event:

Payment is expected at the time of registration.   No refunds will be granted to anyone who registers, but fails to attend or who cancels after October 1, 2014

Ticket Prices: MEREDA Member: $25 each | Non – Member: $35 each
Register After October 1: Prices increase $10 each

 

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Maine Real Estate & Development Association (MEREDA) to Host Annual Lewiston/Auburn Fall Networking Social

Make plans to join the Maine Real Estate & Development Association (MEREDA) at its Annual Lewiston/Auburn Fall Networking Social on September 16th from 5:00 – 7:00 PM at the Martindale Country Club in Auburn.

MEREDA’s networking events attract key players in Maine’s real estate industry providing great opportunities to interact with other industry experts. MEREDA’s networking events are not only fun — they are an extremely valuable business development tool.

We hope you’ll join us in Auburn on September 16th at Martindale Country Club for hors d’oeuvres, spirits, and lively conversation with other industry professionals.

Registering for this Event:
Visit www.mereda.org. Payment is expected at the time of registration. No refunds will be granted to anyone who registers, but fails to attend or who cancels after September 10, 2014.

Sponsored by:
Hebert Construction
Libby Hill

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MEREDA’s Morning Menu Breakfast Event – “Reversing the Tide” A discussion on the new FEMA flood maps

BreakfastLogoJoin the Maine Real Estate & Development Association (MEREDA) for breakfast on September 9th from 7:30 – 9:00 AM at the Clarion Hotel, 1230 Congress Street in Portland for a discussion on the FEMA flood insurance rate maps and their impact on property owners in Maine.

Registering for this Event:
Your RSVP is requested by September 4, 2014. Payment is expected at the time of registration. No refunds will be granted to anyone who registers, but fails to attend or who cancels after September 4th.

Ticket Prices:
Members: $45.00 per person | Non-Members: $55.00 per person Prices increase by $10 after September 4th.

Visit www.mereda.org for more information and to register.

This MEREDA “Morning Menu” Breakfast Event is Sponsored by Norway Savings Bank and Verrill Dana.

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MEREDA names Michael O’Reilly as new president, announces slate of officers

Mike O'ReillyJune2014PORTLAND, Maine (July 2, 2014) – Michael O’Reilly, senior vice president in the Commercial Banking Group at Bangor Savings Bank, and the southern Maine team lead for the Commercial and Business Banking lenders is the new president of the Maine Real Estate & Development Association (MEREDA), a statewide organization of commercial real estate owners, developers and related service providers. Founded in 1985, MEREDA promotes responsible development and ownership of real estate in Maine through legislative advocacy, educational programs and professional networking opportunities.

Mike succeeds Drew Sigfridson, SIOR | Managing Director, Partner at CBRE | The Boulos Company who has led MEREDA for the past two years.

“I am honored to accept the position of MEREDA president and look forward to furthering the organization’s mission of promoting responsible development in Maine,” said Michael O’Reilly, president of MEREDA. “Over the next two years we will continue to facilitate discussions on economic growth and the future of our state”.

“I would like to thank all of the members and officers who have helped make MEREDA so successful,” said Drew Sigfridson, former president of MEREDA. “I am pleased to pass the reigns off to such an accomplished professional as Mike. I wish him all the best as president and am confident he will help take the organization to the next level.”

MEREDA also announced the 2014 / 2015 slate of officers as follows:

- Vice President: Paul Peck, of Drummond & Drummond, LLP
- Treasurer: William Shanahan, of Northern New England Housing Investment Fund
- Assistant Treasurer: James C. Otis, of Otis | Atwell
- Secretary: Jaimie P. Schwartz, of Bernstein Shur
- Assistant Secretary: Shelly R. Clark, of MEREDA

About the Maine Real Estate & Development Association (MEREDA)

MEREDA is a nonprofit whose members banded together in 1985 to present the views of the state’s real estate industry to lawmakers in Augusta. Today, MEREDA’s more than 280 member firms are primarily from the commercial real estate industry and employ thousands of Maine citizens and drive a huge percentage of Maine’s economic activity. The organization aims to promote fair and responsible development and ownership of real estate throughout Maine. Additional information about MEREDA is available at www.mereda.org.

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MEREDA Announces Board Changes, Recognizes Retiring Directors

PORTLAND, Maine (June 30, 2014) – The Maine Real Estate & Development Association (MEREDA) announces recent board changes. Retiring members include Eric Stauffer from Preti Flaherty, Geoff Gattis from Bath Savings Institution and Mark Malone from Malone Commercial Brokers, Inc. Joining the board to fill their seats are Timmi Paulson from Preti Flaherty, Theresa Hodge from Bath Savings Institution and Jennifer Small from Malone Commercial Brokers, Inc.

“MEREDA’s success is largely based on the support and commitment from its volunteers. We are thankful for all of the great contributions that our exiting board members have made to the organization,” said Drew Sigfridson, president of MEREDA. “We are pleased to welcome their successors going into our new fiscal year. We are confident that they will continue to add value to the organization and we look forward to their leadership in serving the real estate community.”

Eric P. Stauffer, of Preti Flaherty, has been an integral part of MEREDA for 28 years, as both a board member and long-time participant on MEREDA’s Legislative Committee, which he co-chaired for a number of years. Stauffer was the recipient of the 2007 MEREDA Volunteer of the Year Award, 1992 MEREDA Public Policy Award and 2002 MEREDA Founder’s Award. Stauffer will be replaced on the board by Timmi Paulson, a real estate attorney, also from Preti Flaherty and a MEREDA member.

Geoff Gattis, of Bath Savings Institution, was an active MEREDA member for the past 18 years. He will be replaced on the board of directors at the end of June by Theresa Hodge, Vice President of Commercial Lending at Bath Savings Institution and MEREDA member.

Additionally, Mark Malone, of Malone Commercial Brokers, Inc. who served on the MEREDA board for eight years will be replaced by Jennifer Small, an associate broker with Malone Commercial Brokers, Inc. and member of MEREDA’s Membership and Marketing Committee since 2010.

OutgoingMembers_06June

Mark Malone, Geoff Gattis, Eric P. Stauffer

 

 

IncomingMembers_06June

Timmi Paulson, Theresa Hodge, Jennifer Small

 

 

 

 

 

 

 

 


About the Maine Real Estate & Development Association (MEREDA)

MEREDA is a nonprofit whose members banded together in 1985 to present the views of the state’s real estate industry to lawmakers in Augusta. Today, MEREDA’s more than 280 member firms are primarily from the commercial real estate industry and employ thousands of Maine citizens and drive a huge percentage of Maine’s economic activity.  The organization aims to promote fair and responsible development and ownership of real estate throughout Maine. Additional information about MEREDA is available at www.mereda.org.

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MEREDA Promotes Shelly R. Clark to Vice President of Operations

Clark-Shelly-rect_2014PORTLAND, Maine (June 23, 2014) – The board of directors of the Maine Real Estate & Development Association (MEREDA) is pleased to announce the promotion of Shelly R. Clark of  Portland to Vice President of Operations.

Clark has been with MEREDA since 1997.  As Vice President of Operations, she is responsible for managing all day-to-day operations, including coordinating educational programs, membership development and retention efforts, as well as marketing and communications. In 2011, Clark was awarded MEREDA’s President’s Award for her service to the organization. In addition to her role as Vice President of Operations, Clark serves on MEREDA’s executive committee as Assistant Secretary.

“Shelly is the glue that holds the organization together. Her energy and passion for our work is unparalleled.” said Drew Sigfridson, president of MEREDA. “This promotion is well deserved and demonstrates Shelly’s value and commitment to our members and to the real estate community. We look forward to her continued success.”

Clark is a graduate of Thomas College and holds a degree in Business Management. She is active in the community and resides with her husband in Portland.

About the Maine Real Estate & Development Association (MEREDA)

MEREDA is a nonprofit whose members banded together in 1985 to present the views of the state’s real estate industry to lawmakers in Augusta. Today, MEREDA’s more than 280 member firms are primarily from the commercial real estate industry and employ thousands of Maine citizens and drive a huge percentage of Maine’s economic activity.  The organization aims to promote fair and responsible development and ownership of real estate throughout Maine. Additional information about MEREDA is available at www.mereda.org.

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MEREDA’s Morning Menu Breakfast Event – Romancing the Stone: What the natural gas shale plays could mean to Maine

BreakfastLogo“Romancing the Stone: What the natural gas shale plays could mean for Maine” provides a primer on the natural gas industry, where natural gas has traditionally been sourced in the United States, what the supporting infrastructure is, how natural gas is stored and distributed, and finally, how it is used. Presented by leading energy attorneys from the law firm of Bernstein Shur, you will gain the foundational understanding necessary to navigate this complex industry.

In addition, this presentation will discuss what opportunities exist in the newly developed plays, what growth is expected in the industry, and what these developments mean for surface and subsurface leaseholds and other land rights in the active drilling states.

Join MEREDA for breakfast on June 11, 2014 from 7:30 – 9:00 AM at the newly renovated Westin Portland Harborview Hotel for a primer on the natural gas industry. Learn what opportunities exist in the newly developed plays, and what it means for surface and subsurface leaseholds and other new land rights in the active drilling states.

To register and for more information, visit www.mereda.org.

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Maine’s Real Estate Sector Rose 2.4% Over 2013

Index Logo from BPR The real estate sector, a leading driver of Maine’s economy, rose 2.4% over last year according to the latest data from the Maine Real Estate & Development Association (MEREDA). In its semi-annual report on the state of Maine’s real estate industry, the MEREDA Index, increased to 78. The increase in the Index is attributed to the overall increase in the real estate industry—specifically residential home sales, commercial transactions, occupancy rates and new construction jobs. This is the second consecutive increase in the Index since its inception.

“This third release of the MEREDA Index shows signs of an improving real estate economy for the State,” said Drew Sigfridson, President of MEREDA and Managing Director with CBRE | The Boulos Company. “With the health of the economy directly tied to our industry we can be optimistic about the future and that we’ve turned the corner.”

The data shows that the residential components continue to provide the major impetus to growth over the past year with a 7% increase. The commercial market showed a slight decline of 1%, with construction employment up slightly, 0.5%.

The MEREDA Index provides insight into what’s fueling real estate growth, predicts future trends and, most importantly, demonstrates the correlation between Maine’s commercial real estate market and the overall strength of the economy. The biannual MEREDA Index is a composite of nine measures reflecting both new development and transactions involving existing properties and covers both the commercial and residential markets statewide.

Data sources for the Index include: The Maine Association of Realtors, CBRE | The Boulos Company, Maine Department of Labor, Mortgage Bankers Association, and Moody’s Analytics.

For more information about the MEREDA Index and to view the report, click here

About the Maine Real Estate & Development Association (MEREDA)
MEREDA is a nonprofit whose members banded together in 1985 to present the views of the state’s real estate industry to lawmakers in Augusta. Today, MEREDA’s more than 280 member firms are primarily from the commercial real estate industry and employ thousands of Maine citizens and drive a huge percentage of Maine’s economic activity. The organization aims to promote fair, responsible development and ownership of real estate throughout Maine. For more about MEREDA, visit www.mereda.org.

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Maine Real Estate & Development Association (MEREDA) to Host Annual Bangor-Area Summer Networking Social

The Maine Real Estate & Development Association (MEREDA) returns to Bangor to host its 4th Annual Networking Social Event on June 26, 2014 at the new Cross Insurance Center!

MEREDA’s networking events attract key players in Maine’s real estate industry making this an excellent opportunity to interact with the experts. Make plans to join us on June 26 in Bangor from 5-7 pm for hors d’oeuvres, spirits, and great conversation with other industry professionals.

Generously sponsored by Bangor Savings Bank, City of Brewer, Epstein Commercial Real Estate, Rudman Winchell, WBRC Architects/Engineers, Webber Group.

For more information and to register, visit www.mereda.org.

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