Portland, ME Mark Malone, CCIM, vice president and principal at Malone Commercial Brokers, has won a 2024 Power Broker award. Malone Commercial Brokers, as a company, also won the Top Sales Firm award for 2024.
CoStar, an online listing database that also provides real estate information and analytics, analyzes thousands of deals to identify winners in each market.
“We are proud that Mark has earned himself this premier industry award for office leasing in 2024 and that all of our brokers here at Malone Commercial Brokers helped push our firm to be the top sales firm,” said a company spokesperson.
As we all know, interest rates have been changing drastically, with movement in both directions, depending on the type and term of financing. The Federal Open Market Committee has taken drastic action in efforts to curb abnormally high inflation, but it hasn’t controlled labor cost growth to the extent that was intended.
The multifamily market in Maine’s major cities presents a diverse range of opportunities for investors. We looked at the potential benefits and unique characteristics of three major submarkets in the state: Portland, Bangor, and Lewiston-Auburn. The information below is based on research done in CoStar and county registries, and focuses on multifamily properties that have four or more units.