Adrian Maties
Sinclair Community College to Invest $32M in Dayton Campus
On March 10, the Sinclair Community College Board of Trustees approved $32 million in funding for several important construction projects on its campus in downtown Dayton. This investment is one of the largest in the school’s history and the largest in the last forty years.
USG Breaks Ground on $20M, 700-Space Garage
The Universities at Shady Grove broke ground last week on the second parking garage at its Shady Grove campus. The project is expected to cost $20 million.
Ruppert Properties Buys Three-Building Office Portfolio in Columbia’s Rivers Technology Park
Three more Greater Baltimore office properties have recently changed hands. The three buildings are all part of the Rivers Technology Park, in Columbia.
BARCO Breaks Ground on The Motor House
The Baltimore Arts Realty Corporation broke ground last Thursday on The Motor House, one of its most anticipated projects. The $6.5 million investment will completely transform the former Load of Fun building and will bring much needed performance and working space to Baltimore’s Station North Arts & Entertainment District, the first state-designated arts district in the nation.
Junction Properties Hires Chesapeake Real Estate Group to Lease a Four-Property Portfolio
Junction Properties, LLC has recently selected Baltimore-based Chesapeake Real Estate Group, LLC to act as the exclusive broker for the leasing of a portfolio of properties in the Baltimore-Washington Corridor. The portfolio consists of four buildings, with over 250,000 square feet of space. It offers a mix of bulk distribution, flex and office-warehouse product.
Two Baltimore Apartment Projects Start Leasing
Two Baltimore apartment projects have recently started leasing. The Equitable, in the heart of the city’s downtown, and 2 East Wells, in the South Baltimore neighborhood of Federal Hill, are both nearing completion. Together, they will bring almost 350 new units to the area.
Monmouth Pays $13.4M for New Monroe Build-to-Suit
Monmouth Real Estate Investment Corporation, one of the oldest public equity REITs in the U.S., has acquired a brand new built-to-suit industrial building in the Cincinnati area this month. The New Jersey-based investment company paid $13,416,000 for the property.
Luxury Hotel Breaks Ground in Fells Point
Last week, Sagamore Development Company and the City of Baltimore celebrated the groundbreaking for a new luxury hotel on the historic Fells Point waterfront. Mayor Stephanie Rawlings-Blake and Kevin Plank, founder of Sagamore and CEO of Under Armour, attended the ceremony together with many other elected officials.
JV Buys Fairways at Towson Apartments for More than $100M
Tryko Partners, LLC has joined forces with the Investcorp Group for the acquisition of a large apartment community in the Baltimore metro area. The two companies have paid more than $100 million to buy the Fairways at Towson Apartments. They now plan to start work on a multi-million-dollar renovation project for the property.
Forbes Names Cincinnati, Dayton to Ranks of Affordable Cities
Southwest Ohio is one of the most affordable places in the United States. At least that’s what Forbes thinks. The business magazine has recently released a list of the most affordable cities in the country. Cincinnati and Dayton are both in the top 10.