April 2, 2025 - 18:04

In a significant decision, the Gorham Town Council convened on Tuesday, April 1, and ultimately voted against the proposed acquisition of a property for $185,000. The property in question is located at a notorious intersection known for its high accident rate. The council had been considering this purchase as a potential step towards collaborating with the Maine Department of Transportation on a design aimed at alleviating traffic congestion and enhancing safety in the area.
During the meeting, councilors engaged in a thorough discussion about the implications of the purchase, weighing the potential benefits against the financial commitment involved. Concerns were raised about the effectiveness of the proposed improvements and whether the expenditure was justified given the current budget constraints. Ultimately, the council opted to prioritize other pressing needs within the community, opting to explore alternative solutions for traffic safety without committing to the property acquisition at this time. The decision reflects the council's commitment to careful fiscal management and community safety.
December 14, 2025 - 21:21
Babson College Unveils New Institute Focused on Real Estate and EntrepreneurshipWELLESLEY, Mass.—This fall, Babson College has introduced a groundbreaking Institute for Real Estate and Entrepreneurship, marking a significant step forward in its commitment to merging business...
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Archena Alagappan Joins Neuberger Berman as Associate Portfolio ManagerNeuberger Berman Real Estate Securities Income Fund Inc. has appointed Archena Alagappan as the new Associate Portfolio Manager. In her role, Alagappan will contribute to the management of the Fund...
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Recent Real Estate Transactions on Shelter IslandIn the latest real estate updates from Shelter Island, several notable transactions have taken place, reflecting the ongoing activity in this picturesque community. John Sieni has sold a property...
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The Future of Real Estate: Embracing Transparency for ChangeThe real estate industry has long been characterized by its complexity, often resulting in hidden costs that can surprise both buyers and sellers. As the market evolves, there is a growing...