Facing low occupancy and years of neglect, the downtown landmark is seized by the bank.
J. Craig Anderson
J. Craig Anderson is a seasoned business reporter who covers a wide range of topics including banking, finance, real estate, technology and entrepreneurism. Originally from Arizona, Craig graduated Summa Cum Laude from the University of Arizona journalism school and has gone on to report for a variety of business and consumer publications such as the Business Journal of Phoenix, the Las Vegas Sun and the Arizona Republic. His work has earned him national recognition including Sigma Delta Chi and APA Journalism awards. Craig also served in the Army for four years, working as an intelligence analyst and Arabic linguist for the National Security Agency in Maryland. He currently lives in Freeport.
Posted inBusiness
ImmuCell completes Portland expansion to increase production capacity
The bovine health products maker also reports a slight dip in revenue and net income for the first quarter.
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Posted inBusiness
Two South Portland apartment complexes sell for $87.5 million
Brokers say a Massachusetts investment firm’s purchase of Liberty Commons and Redbank Village was the highest-dollar purchase of its type ever in southern Maine.
Posted inBusiness
Company seeking to acquire Fairchild reports decline in revenue, profit
Special non-operational costs contributed to the first-quarter declines for Phoenix-based ON Semiconductor.
Posted inBusiness, Local & State, News
Houston power utility to purchase Electricity Maine parent for $28 million
Customers in Maine are not likely to experience rate changes as a result of the planned acquisition, a state official says.
Posted inBusiness, Local & State, News
Oxford’s Keiser Homes shutting down, laying off more than 120 workers
The shutdown is part of its bankrupt parent company’s nationwide liquidation.
Posted inBusiness, Local & State, News
Pirates’ departure from Portland sparks suggestions for new revenue
Sports executives and others see opportunity for new uses of the Cross Insurance Arena and raise again the specter of a convention center.
Posted inBusiness, News
Portland firm to oversee completion of new U.S. embassy in Norway
The high-tech construction firm Tilson has been chosen to manage construction of security, communications and other elements.
Posted inBusiness
Scarborough construction firm Landry/French converts to employee ownership
The company said establishing an employee stock ownership plan will increase productivity and help it compete for top talent.
Posted inBusiness, News
Madison Paper Mill closure costs New York Times Co. $41 million
The company revealed today that it was a part-owner of the Madison Paper Industries mill.