Developers who bought the People’s United Bank building for $9.2 million in 2019 plan to convert the 10-story building in Monument Square into 63 one- and two-bedroom market-rate apartments.
Hannah LaClaire
Staff Writer
Hannah LaClaire is a business reporter at the Portland Press Herald, covering Maine’s housing crisis, real estate and development, entrepreneurship, the state's cannabis industry and a little bit of everything else. Before joining the Press Herald in 2021, Hannah covered the town of Brunswick for The Times Record. In her free time, she enjoys reading, running and weekends up at camp. She lives in Springvale with her husband and daughter, their dog and two tuxedo cats.
Posted inBusiness, Local & State, News
Maine businesses brainstorm how to deal with climate change as an economic issue
Over 400 businesspeople and 60 presenters gathered in Augusta to share perspectives and practices on dealing with Earth’s warming.
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Posted inBusiness, News
With a significant price increase in April, Maine’s housing market may be heating back up
The lack of inventory again hampered sales, but bidding wars are starting to resume and prices rose by more than 6%.
Posted inBusiness, Local & State, News
Hackers, data breaches put more Mainers at risk in ‘ongoing chess game’
Experts say cybercrime is on the rise, and it’s getting harder to catch the crooks. In Maine, data breaches are being recorded nearly every day.
Posted inBusiness, News
New air carrier will let you skip the line at the Portland jetport
‘Semi-private’ jet service JSX touches down in Maine next month with perks that include slimmed-down security screening and plane-side baggage pickup. But fares can be high.
Posted inBusiness, Local & State, New England, News
Hope vs. rope: Can technology save the whales, and Maine’s lobster industry, too?
The fishery has less than 6 years to come up with a new way of harvesting its catch – or risk regulations that could put lobstermen out of business.
Posted inBusiness, News
Lawmakers mull bill to limit nurse-to-patient ratios in Maine hospitals
The legislation is intended to reduce the patient load for overworked nurses, but hospital officials say the bill would do nothing to address a shortage of clinicians.
Posted inBusiness, Local & State, News
As summer nears, most Maine tourism businesses are understaffed
Seaside hotels, tour buses, restaurants and other Maine employers are facing labor shortages that could affect many businesses’ peak season.
Posted inBusiness, News
Maine’s medical cannabis market seeing a ‘mass exodus’ of caregivers
A new report from the state shows more than one-fourth of the individuals in the occupation have quit since 2021, often in response to an overabundance of cannabis supply.
Posted inBusiness, Local & State, News
Portland looks to hotel guests for a boost in its tourism budget
The proposal to create a tourism development district could more than double the funds for marketing the city as a year-round destination.