Understanding Commercial Fire Damage and the Restoration Process

By:  Holly Merrill & Barbara Rapoza, SERVPRO of Maine

Most property owners know that the worst thing which can happen to them is fire damage. What many do not know is the fact that the toughest part of dealing with commercial fire damage comes in after the fire trucks and the firefighters have left, and one has to assess and mitigate the damages they have suffered. Below are a few of the things you need to understand about fire damage and the fire restoration process.

The fire suppression: As a property owner, there are measures you are supposed to put in place to alert people in case there is an electrical fire or any other fire. These include smoke and electrical fire alarms. Mechanisms such as fire exits and fire extinguishers should also be in place to minimize loss of lives and property in case of a fire. When an electrical fire does break out, the first step should be getting everyone out of the building to a safe place and calling 911.

The fire restoration after fire suppression: You will only be allowed to access a building affected by fire damage after the firefighters have removed their fire equipment and declared it safe for re-entry. In case the fire was so extensive and destroyed structures such as the roof and parts of the drywall, board up, and roof tarp will be done to hold the structure upright and protect the structure from vandalism. Note that the use of powerful fire sprinkler systems and fire hoses can also weaken the internal structure of the house. The following are some of the steps followed during fire suppression and utility room fire damage restoration.

• Fire cleanup: Fire damage leaves behind problems such as smoke damage, soot damage and lots of charred debris. If the fire were extinguished using the water fire sprinkler system, or the fire hose the restoration experts would have to start by removing the water and drying up the rooms before proceeding.

• Soot damage and smoke damage removal: smoke will adhere to upholstery, furniture, and other appliances after a fire. It is the responsibility of the restoration company to use the appropriate detergents and cleaning agents to make sure that any smoke damage and soot damage on the floors, walls or appliances has been completely removed.

• Fire restoration: This part of the process aims to make sure the house goes back to the state it was in before the commercial fire damage. To make this happen, the commercial fire damage restoration experts assess the damage caused by the fire after the cleanup and give a quotation of what is needed to be done, and the cost. They will repair any drywall which has fallen apart, replace parts of the roof that could have gotten burnt in the fire, and repaint the areas inside the home that could have stains from smoke damage and soot damage.

The quality of the commercial fire damage restoration depends on the competence of the company which you hire to handle the fire restoration for you. It is best to take time, look at the offers on the table from different companies and select the one which best suits your needs.

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Nominations Now Being Accepted for MEREDA’s 2019 Notable Project Awards

Each year, MEREDA identifies and recognizes the most noteworthy and significant Maine commercial development projects from the previous year, all of which embody MEREDA’s belief in responsible development.

Nominations are now being accepted for MEREDA’s Notable Project Awards.  The recipients will be recognized at MEREDA’s 35th Anniversary Celebration being held on March 26, 2020.

In order to be considered, all projects must be submitted via the Notable Projects Application Form, which can be downloaded here. (Clicking this link will download a Word Document to your computer.)

Nominations are due October 15, 2019.  Please submit completed forms to Shelly Clark at info@mereda.org.

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MEREDA’s Annual Fall Networking Social

Another great “meet-and-greet” opportunity, this time on Portland’s Waterfront, you are invited to the Maine Real Estate & Development Association’s (MEREDA’s) highly-anticipated Annual Fall Social on October 17th!

MEREDA’s networking events attract key players in Maine’s real estate industry and provide our members with excellent opportunities to interact with the experts.

Join us on Portland’s waterfront for hors d’oeuvres, spirits, and great conversation with colleagues, friends and other industry professionals for our Annual Networking Fall Social on October 17 from 5:00 – 7:00 PM.

Join us for a cocktail or two, and reconnect with colleagues and friends, both old and new!

Before the official “networking” gets underway, MEREDA will hold its Annual Meeting of the Members beginning at 4:45 PM – Members Only

About the Event:

October 17, 2019 – 5:00PM to 7:00PM

Hilton Garden Inn, Portland Downtown Waterfront
65 Commercial Street
Portland, ME

Registering for this Event:

MEREDA Members: $45 each | Non-Members: $60 Each
Prices Increase by $10 after October 10

Your RSVP is requested by October 10. Payment is expected at the time of registration. No refunds will be granted to anyone who registers but fails to attend or who cancels after October 10. 

For more information and to register, visit http://www.mereda.org 

MEREDA’s 2019 Annual Fall Networking Social is sponsored by Bangor Savings Bank, J.B. Brown & Sons and Preti Flaherty. 

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The Right Equation for Responsible Development: Spotlight on Topsham Care Center

In multi-part series, exclusive to the Maine Real Estate Insider, we’ll provide an up-close look at the most notable commercial development projects of the past year that are helping to fuel Maine’s economy in terms of investment and job creation.  MEREDA is proud to recognize responsible development based upon criteria including environmental sustainability, economic impact, energy efficiency, difficulty of the development, uniqueness, social impact and job creation. 

Please join with us in celebrating the Topsham Care Center.

MEREDA:  Describe the building and project.

Topsham Care Center:  This was a strip mall building, complete with false gables, patchwork siding, minimal structure, multiple levels and entries, and a big blue “Best Buy” wedge on the façade. The site offered potential for expansion, however, and the location was right for the tenants. 8 separate medical practices, at final count, merged under one administer. They needed to have a single identity, a single main entrance, and an image that implied “professional healthcare” instead of “big box building”.

MEREDA:  What was the impetus for this project?

Topsham Care Center:  This project was a collaboration of New England Cancer Specialists, Central Maine Health Care and Shields Imaging.   The goal was to create a state-of-the-art Healthcare facility that provided easy access to their patients.

MEREDA:  That sounds like quite a process. How long were you in the planning stages before construction started?

Topsham Care Center:  The planning process for this project was quite condensed.  We spent about 4 months in the initial planning process prior to construction start.  That being said, during the entire build we were still designing different aspects of the project.

MEREDA:  Tell us about the most challenging aspect of getting this project completed?

Topsham Care Center:  The most challenging aspect of this project was our time constraints.  One of the lead tenants had a firm date that they needed to move out of their existing space and into the new space.  Being a healthcare provider, they simply could not shut down operations and wait for the new space to be completed.  To add to the pressure, one of the existing tenants of the complex that was scheduled to move out to allow for the redevelopment prolonged their occupancy.   The result of this meant our start date was pushed back by 3 months however our end date stayed the same.  What should have been a 10-month construction project required us to complete in 7 months.  

MEREDA:  Now that it’s complete, what feature of the project do you think makes it the most notable?

Topsham Care Center:  One of the highlights of this project was the development of the large atrium and meeting area within the building.  At the main entrance to the building you walk into a 2-story space with large skylights in the ceiling, comfortable seating and art work on the walls.  This is a great space where you can then navigate to the multiple different practices with the facility.

 

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Will homebuilding finally evolve? Lessons from the American experience with factory-built housing

MEREDA’s Spring Conference in May included a keynote presentation by Dr. Lynn Fisher of the American Enterprise Institute in Washington, D.C. Dr. Fisher provided both national and state economic data, painting a bigger picture of the housing situation.  We thought this article that she contributed to might be of interest to our members.

by Lynn Fisher and Scott Ganz, American Enterprise Institute

Abstract

In this report, we examine the history of attempts to disrupt site-built single-family housing in the US to learn about the potential for the homebuilding industry to increase housing affordability through innovation. We argue that greater reliance on mass production is unlikely to be a source of significant cost savings for the kinds of homes that most Americans live in today. We highlight the potential for factory-built housing to provide more significant cost savings if smaller-size and reasonable but lower-quality construction is permitted, as is the case with manufactured housing. While the entire home is rarely prefabricated in the US, we do find an increased reliance on prefabricated components in site-built housing over time, resulting in some cost savings and increases in construction quality. Finally, we argue that the history of homebuilding demonstrates that rapid adoption of prefabrication or more efficient production processes by homebuilders are more likely to be driven by market competition than by economies of scale within consolidated firms or by government intervention.

Read More >>>

Reprinted with permission from the American Enterprise Institute.  Originally posted on April 22, 2019 https://www.aei.org/publication/will-homebuilding-finally-evolve-lessons-from-the-american-experience-with-factory-built-housing/

 

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DevelopME Lunch & Learn Seminar “Real Estate and Financing Issues in Maine’s Cannabis Marketplace”

DevelopME is pleased to present “Real Estate and Financing Issues in Maine’s Cannabis Marketplace” at the Portland Public Library’s Rines Auditorium on September 18, 2019 from 11:30 a.m.-1:00 p.m. Come hear from industry members and stakeholders on the current climate for conducting business with cannabis companies here in Maine with a focus on land use regulations, municipal relations, and banking & financing hurdles. We will be joined by Josh Quint, Director of Operations for Canuvo, one of the state’s 8 licensed medical marijuana dispensaries, Garrett Corbin, a legislative advocate for the Maine Municipal Association, and Gene Ardito, President and CEO of cPort Credit Union.

About the Event:

September 18, 2019 – 11:30 a.m. – 1:00 p.m.

Portland Public Library
5 Monument Square
Portland, ME

Lunch: 11:30 – 12:00 p.m.
Program: 12:00 – 1:00 p.m.

About the Presenters:

Joshua Quint is Director of Operations for Canuvo, one of four vertically integrated Medical Marijuana Dispensaries licensed by the State of Maine.  Josh has helped lead Canuvo to the forefront of the cannabis market in Maine.  In this position for the past 6 years, Josh interacts with all aspects of the cannabis industry, from cultivation facility design to product development to public policy.  Josh has worked with regulators and legislators at the municipal, state and federal level to improve state-run marijuana programs and ensure public health and safety standards for businesses operating in the cannabis market.  Josh was born and raised in Minot, Maine and now resides in Bridgton.

Garrett Corbin began working as a Legislative Advocate for the Maine Municipal Association in April 2013. Garrett received his BA degree from Boston University, his Juris Doctor (JD) from the University of Maine School of Law, and his MA from the Muskie School. Before coming to MMA, Garrett worked in a number of capacities with and for the Maine Legislature. Garrett’s advocacy is focused in the areas of energy, marijuana legalization, intergovernmental relations and judiciary.

Gene Ardito has held the role of President and CEO of cPort Credit Union since 2004. With assets of over $230 million, cPort Credit Union employs 81 staff and serves over 24,000 members with four locations in Portland, Augusta and Scarborough. cPort was founded in 1931 as the Government Employees Credit Union of Maine, serving primarily federal employees including postal workers and military personnel. In 2005, Ardito led the expansion of the credit union’s charter to serve Maine’s five most populous counties and rebranded GECUME to cPort Credit Union. In 2018, cPort Credit Union opened its third Portland branch at 35 Middle Street in the Old Port.

Ardito is a graduate of Providence College.  He spent the first ten years of his career working in corporate finance positions at Central Maine Power during a time of incredible regulatory and economic change and under the leadership of thought leaders such as John Rowe and David Flanagan.  Ardito then spent ten years working in corporate finance positions at UNUM raising capital and managing world-wide banking relationships through strong organic and merger related growth.  Following UNUM, Ardito became a Senior Relationship Manager within Fleet Bank’s Corporate Banking Group and successfully grew relationships with large insurance companies throughout the United States including Prudential, Pacific Life, AIG, Guardian Life and Allstate. A Portland resident, Gene has served on the boards of the UNUM Foundation, Diocese of Portland, and Community Financial Literacy.

Registering for this Event:

Your RSVP is requested by September 11, 2019. Payment is expected at the time of registration. No refunds will be granted to anyone who registers, but fails to attend or who cancels after September 11, 2019.

Ticket Prices:

Members: $15 each | Non-Members: $25 each
Prices increase by $10 after September 11, 2019

To register, please visit www.mereda.org.

This DevelopME Lunch & Learn Seminar is sponsored by cPort Credit Union. 

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A Stream or a Ditch? What You Need to Know

By: Joe Roy, Project Technician & Rodney Kelshaw, Project Manager/Project Scientist, Stantec

When evaluating a site for purchase or development it is important to understand environmental resources that could affect allowable uses and property value. One factor that should be considered is the presence and location of streams.

Maine is home to over 5,000 named rivers and streams, crisscrossing the state and covering over 37,000 miles. In addition, the unnamed tributaries that feed into the larger streams and rivers are extremely valuable. In these small streams and brooks (terms that can be used interchangeably) are many insects, plants, amphibians, birds, and mammals that contribute to the overall health of the water that flows downstream to the larger streams. These small watercourses that meet the regulatory definition of a stream can be difficult to recognize.

The Maine Natural Resource Protection Act (NRPA) requires that the Maine Department of Environmental Protection (MDEP) regulate activities that may alter—or are adjacent to—rivers, streams and brooks. The MDEP staff recognized the complexity of identifying small streams and in 2018 released the “Natural Resource Protection Act (NRPA) Identification Guide for Rivers, Streams, and Brooks[i]. The intent of this document was “to be a guidance document for the identification of rivers, streams and brooks. The manual is also intended to assist developers and the regulated community in complying with existing state laws and regulations”.

The NRPA statutory definition of river, stream or brook is “a channel between defined banks. A channel is created by the action of surface water and has 2 or more of the following characteristics (emphasis added);

  1. A) it is depicted as a solid or broken blue line on the most recent edition of the U.S. Geological Survey 7.5 minute series topographic map,
  2. B) it contains or is known to contain flowing water continuously for a period of at leas 6 months of the year in most years,
  3. C) the channel bed is primarily composed of mineral material such as sand and gravel, parent material or bedrock that has been deposited or scoured by water,
  4. D) The channel contains aquatic animals such as fish, aquatic insects or mollusks in the water or, if no surface water is present, within the stream bed,
  5. E) The channel contains aquatic vegetation and is essentially devoid of upland vegetation

It also states that “river, stream, or brook does not mean a ditch or other drainage way constructed, or constructed and maintained, solely for the purpose of draining storm water or a grassy swale”.

A channel that is constructed to drain water is not always a ditch. To determine if a channel is a stream or a ditch the water source must be identified.

A channel is considered an altered stream segment if it connects to an upstream waterbody, such as a stream, spring, wetland, or pond. Stream segments that were relocated by human activities (e.g. diverted into a roadside ditch) remain regulated streams. A channel meeting two of the criteria above and originating from a culvert outlet is a regulated stream if the water source is a wetland, waterbody or spring on the inlet side. In contrast, a channel from a culvert outlet would not be a regulated stream if the only water source is stormwater.

When planning to develop property it is important to understand if there are on-site natural resources and how they could affect development. If there are questionable ditch/stream determinations at a site, the best course of action is to consult the MDEP stream identification guide and if the determination remains unclear to contact a professional who can perform a resource evaluation. The benefits are accurate investment valuation, compliance with the MDEP, and protection of our valuable natural resources.

_____________________

[1] Danielson, T. J. 2018.  Natural Resource Protection Act (NRPA) Streams, Rivers, and Brooks.  Maine Department of Environmental Protection, Augusta, ME.

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Maine Real Estate & Development Association Elects Shannon Richards to its Board of Directors

Shannon Richards of Portland has been elected to the board of directors of the Maine Real Estate & Development Association (MEREDA), a statewide organization of commercial real estate owners, developers and related service providers.

Shannon returned to Maine in the early 2000’s after receiving a BFA from Syracuse University and started a studio soon after which melded a cooperative creative space, gallery and workshop, out of which she designed and manufactured custom furniture and fixtures. This business grew to include interior design, architectural design services and general contracting, and is now called Hay Runner, a real estate development company that provides services related to residential and commercial real estate transactions, project management, design, construction, furnishing and produces design centric events. Hay Runner provides brokerage services through its affiliation with Legacy Properties Sotheby’s International Realty.

Shannon passionately supports artists in Maine as a member of the Board of Directors of the Maine Crafts Association, which has more than 600 artist members and offers retail, educational and marketing support to artists and craftspeople in Maine.  She also supports conservation in Maine as an adviser to the Maine Coast Heritage Trust, which ensures public access to some of Maine’s most beautiful coastline.  Shannon also participates in the Greater Portland Board of Realtors, the Maine Association of Realtors, and the National Association of Realtors.

Already an active member of MEREDA, Shannon serves on its Conference Committee and most recently took a leading role helping develop the program for its annual Spring Conference held last May.  MEREDA’s Vice President of Operations, Shelly R. Clark says, “We are excited to begin working with Shannon at the Board level.  Shannon has a lot of drive and ambition, and certainly brought a new energy when she joined the Conference Committee.  She will be a great addition to MEREDA’s Board of Directors.”

For further information, please contact MEREDA’s Vice President of Operations, Shelly R. Clark at 207-874-0801 or visit www.mereda.org.

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The Right Equation for Responsible Development: Spotlight on Boothbay Harbor Country Club

In multi-part series, exclusive to the Maine Real Estate Insider, we’ll provide an up-close look at the most notable commercial development projects of the past year that are helping to fuel Maine’s economy in terms of investment and job creation.  MEREDA is proud to recognize responsible development based upon criteria including environmental sustainability, economic impact, energy efficiency, difficulty of the development, uniqueness, social impact and job creation.

Please join with us in celebrating the Boothbay Harbor Country Club.

 

MEREDA:  Describe the building and project.

Boothbay Harbor Country Club:  Designed with features and amenities of a world class club, the Boothbay Harbor Country Club Clubhouse is an award winning 32,000 square foot building that provides a unique experience for members and public guests. The facility, which is perched at the top of a hill, has panoramic vistas over an emerald green 18-hole golf course, transformed with a comprehensive face lift by a nationally-renowned golf course designer.

Some of the finest artisans and craftsmen in the state contributed to the detailed millwork featured throughout, including Hodgdon Yachts. The classic New England shingle-style facility boasts a 60-seat dining room with an open gas masonry fireplace and coffered ceilings. The ceiling’s beauty disguises its complexity, as it integrates and minimizes the visual impact of the complex mechanical systems necessary to support a commercial building of its size. A 54-seat mahogany bar opens up to dramatic views of the course with a 35-foot curved NanaWall, a glass movable wall system. In addition, the facility features first class locker rooms, a pro shop and houses the administrative staff offices as well as support spaces.

At the lower level, which is clad in stonework, a garage houses up to 75 golf carts. The building is integrated into the hillside with multilevel patio seating and a stone arched bridge that provides member access to the clubhouse while allowing golf carts to pass below.

Constructed as Phase II of the Boothbay Harbor Country Club, the Wellness Center features a variety of first-class fitness amenities. An 1,800 square foot fitness room at the main level overlooks the Boothbay town commons and provides members with a variety of customized Life Fitness cardio and resistance training equipment. Adjacent spaces at the main level include a Yoga studio, custom multi-user locker cabinetry, showers and changing areas. At the lower level, a Massage room and a Spin room with TRX suspension trainers provides additional space for group classes and individual club members.

The exterior of the Wellness Center features 2 Har-Tru tennis courts with overlook seating areas, 2 pickle ball courts, a heated salt water pool and an adjacent 12-person hot tub with waterfall feature. The stone paver pool deck provides casual poolside seating along with access to outdoor showers and changing areas. An exterior Bar and Grill, detailed in granite and mahogany and protected by motorized awnings, provides patrons with unparalleled poolside amenities.

MEREDA:  What was the impetus for this project?

Boothbay Harbor Country Club:  The planning process began in 2013 when Paul Coulombe, philanthropist and developer, purchased the clubhouse property from a bank-driven power of sale. While he never intended to own a golf course, he recognized the value the 18-hole golf course brought to the Boothbay region community.

After purchasing the property, he began acquiring adjacent parcels to transform the club into an exclusive, state-of-the-art destination, beginning with a new private gated entrance on Route 27 and leading into a master plan that would eventually include a new clubhouse, wellness center, driving range, course-side amenities, and residential-style villas.

MEREDA:  That sounds like quite a process. How long were you in the planning stages before construction started?

Boothbay Harbor Country Club:  The focus over the first year was on master planning, developing a revitalization plan for the 18-hole course and building a new driving range. Following that, the focus shifted to improving the facilities and other amenities to match the caliber of the golf experience. The new clubhouse was completed in 2015, followed by the Wellness Center in 2018. The first Villa will be complete in 2019.

MEREDA:  Tell us about the most challenging aspect of getting this project completed?

Boothbay Harbor Country Club:  From the very beginning, the goal was to create a facility with the highest standards of architecture, interior design and craftsmanship.  The greatest challenge in achieving these goals while adhering to the strict timeline and managing the overall budget in relationship to the scale and intricacy of the country club. With a dedicated team and clear end-goals, the deadline for the opening at both facilities was met with both extreme determination and grace.

MEREDA:  Something unexpected you learned along the way was…

Boothbay Harbor Country Club:  For the Boothbay region, the country club’s impact as a nationally recognized, award-winning facility has resulted in both economic development and community engagement.  The most unexpected change began with the growth of new members from out of state, who not only joined the club but also purchased homes in the Boothbay region to be able to enjoy the seasonal amenities of the area. Additionally, Paul Coulombe’s investment in the country club sparked many others to invest in the region as well, as a series of new business ventures began following the country club’s success and regional growth.

MEREDA:  Now that it’s complete, what feature of the project do you think makes it the most notable?

Boothbay Harbor Country Club:  The Boothbay Harbor Country Club has been recognized on many levels for its world class design, including Architectural Digest’s esteemed list of the Most Beautiful Clubhouses in America.  Laura Ratliff of Architectural Digest said “I browsed hundreds of clubs across the country (mostly golf clubs but I also included private/tennis/other sports clubs, where relevant), choosing the most beautiful based on feedback from members, environmental settings, and historical significance. [ … ] Boothbay Harbor’s clubhouse was a perfect blend of luxury and the great outdoors that Maine is so well-known for. The integration of nature through the club’s large windows and outdoor seating areas, like the cozy firepit, sealed the deal for me!”

In parallel to the development of the course, Paul Coulombe also made significant off-site financial contributions to benefit the Town of Boothbay and the residents of the region.  Partnering with the Town of Boothbay and the MDOT, the golf course owner/developer contributed over $1.3M to the construction of a roundabout and beautification of the Town Common.  The developer also provided 100% of the funding for the design and construction of a new state-of-the-art emergency response building for the Boothbay Region Ambulance Service, which doubled the facility’s capacity, an important factor in a community that no longer has a hospital.  Additionally, the developer funded 100% of the design and construction of a new public restroom building located on the Town Common, which offers a public amenity for residents who enjoy year-round community events on the Common.

Paul Coulombe’s investment in the Boothbay Harbor Country Club and his philanthropy toward the Town’s public spaces has had an enormous positive social and economic impact on the Boothbay region.

 

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MEREDA’s Morning Menu Breakfast Event – Hotel Development in Portland and in Maine: Opportunities, Challenges and Forecasts

Matthew Arrants, one of the hospitality industry’s most respected professionals, and James Brady, one of Portland’s most prominent hotel developers, will share their views on the excitement and challenges of building hotels in both Portland and in Maine – and the prognosis for the hospitality industry in the immediate future.  Matt Arrants is the Executive Vice President of Pinnacle Advisory Group in Boston, and is the former Chairman of the International Society of Hospitality Consultants.  He holds a Masters’ Degree in Hotel Administration from Cornell University and has worked in various managerial capacities for Four Seasons Hotel and with Rock Resorts.  Jim Brady is the moving force behind Portland’s dynamic Press Hotel, and is currently working on the new Hilton Canopy on Commercial Street in Portland.  Mr. Brady has also been involved in hotel development and management throughout the State of Maine, United States, and Europe.

Make plans to join us for breakfast on September 10 from 7:30 AM – 9 AM at the Portland Regency Hotel as we kick off our 2019/2020 Morning Menu Breakfast Series This powerful ensemble will provide their thoughts and anecdotes on the history of the hospitality industry regionally – and their best guesses for our future. Moderated by David Soley of Bernstein Shur.

About the Event:

September 10, 2019 – 7:30 – 9:00 a.m.

Portland Regency Hotel
20 Milk Street
Portland, ME

Buffet Breakfast: 7:30 – 8:00 a.m.
Program: 8:00 – 9:00 a.m.

About the Presenters:

Matthew Arrants, ISHC, CHAM is the Executive Vice President of Pinnacle Advisory Group, working in both the Boston and Portland offices. As Pinnacle’s Director of Asset Management Services, Matt specializes in asset management, development services, and operational reviews. His clients include hotels, universities, hospitals, real estate investment funds, and lenders. Matt is currently a board member of the Hotel Asset Manager’s Association (HAMA) and leads that group’s marketing committee.  Matt holds the prestigious Certified Hotel Asset Manager (CHAM) designation from HAMA and a former Chairman of the International Society of Hospitality Consultants, a group of the hospitality industry’s most respected professionals from across six continents.

Jim Brady is a real estate developer with extensive experience designing, constructing and operating branded and non-franchised hotel properties. He is the developer of The Press Hotel, a 110 room Autograph Collection in Portland, Maine. Following the opening in May 2015, the hotel has won several prestigious awards, scores within the top 5% of all Autograph Collection Marriott hotels, is the Portland market RevPAR leader as well as TripAdvisor’s #1 hotel in the market.

In 2017 Jim founded Fathom Companies, where he serves as the President and Director, specializing in the development of mixed use, hospitality, and redevelopment of historic properties. Currently, Fathom has many ongoing development projects, including a 135 room Canopy by Hilton to be located on Commercial Street.

Prior to Fathom, Jim co-founded and served as President of Olympia Development for 10 years. Olympia Development completed over $200 million in real estate projects, including five ground-up hotels, and was named “Developer of the Year” in 2004 by Hilton Hotels Corporation worldwide. After leaving Olympia in 2008 to live in Bologna Italy, he served as Project Director for MProject on a €400 million redevelopment of multiple projects including the planning, approvals and design management of a historic rehabilitation of the famed Excelsior and Des Bains Hotels working with Four Seasons Hotels & Resorts to convert to hotel and branded residences.

Registering for this Event:

Your RSVP is requested by September 3, 2019. Payment is expected at the time of registration. No refunds will be granted to anyone who registers, but fails to attend or who cancels after September 3, 2019.

Ticket Prices:

Members: $45 each | Non-Members: $55 each
Prices increase by $10 after September 3, 2019

To register, please visit www.mereda.org

This MEREDA Morning Breakfast Event is sponsored by Norway Savings Bank, Bernstein Shur, Fathom Companies and Wright-Ryan Construction. 

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