The practice has become increasingly common as prospective purchasers, frustrated by the state’s red hot real estate market, are doing whatever they can to put in the winning bid.
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, Maine
Maine Med reaches $150 million goal for Portland hospital expansion
Still, the hospital is extending its goal by an additional $20 million for ‘further investments made necessary by the challenges of the COVID-19 pandemic.’
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Posted inBusiness, Maine
Maine home sales activity is slowing down, but it’s not a buyer’s market yet
May was largely a continuation of existing trends, with home sales down 12% and prices up 15% from a year ago.
Posted inBusiness, Maine
Mills administration pledges $15 million to improve public building efficiency
A new initiative aims to help public schools, municipalities and tribal governments make energy efficiency improvements and reduce their costs.
Posted inBusiness, Maine
Maine’s cannabis black market shrinking faster than expected, survey suggests
The state Office of Cannabis Policy has issued a new, survey-based report saying 64% of Maine cannabis used last fall appears to have been purchased legally.
Posted inBusiness, Maine
Scarborough veterinary hospital gets dogpiled over viral puppy tale
An injured puppy is recovering but its owner couldn’t afford the $10,000 bill. Now her dog is with new owners and the clinic is receiving death threats.
Posted inBusiness, Maine
As gas prices pass $5 a gallon, Maine lawmakers seek probe into price gouging
The average price for a gallon of regular gasoline in Maine was $5.06 on Friday, with Franklin County reporting the highest countywide average at $5.16.
Posted inBusiness, Maine
New division of MaineHealth helps turn medical ideas into reality
MaineHealth Innovation helps staff realize their product concepts by connecting them with experienced entrepreneurs and technical experts.
Posted inBusiness, Maine
Frenchman Bay salmon farm developer sues state for spiking its lease application
The Portland company, funded by Norwegian investors, proposed raising 66 million pounds of Atlantic salmon annually and operating a fish processing plant.
Posted inBusiness, Maine
As energy prices rise, thousands of Mainers at risk of losing power
More than 2,000 Maine households have been disconnected over the past month, and tens of thousands more are struggling with past-due balances.