Adrian Maties
Toll Brothers, Ares Break Ground on Upscale Student Housing Community
Toll Brothers Campus Living, a subsidiary of Toll Brothers, Inc., together with its joint venture partner, Ares Management, L.P., broke ground last week on a new, upscale student housing community in College Park. Called Terrapin Row, it will serve the students of the University of Maryland.
Whole Foods to Expand in Baltimore’s Harbor East with New Flagship Store
Whole Foods Market is expanding in downtown Baltimore. The supermarket chain recently announced it will relocate to 711 S. Central Avenue, where it will occupy almost 50,000 square feet of space, more than double the size of its current location.
Goodwill Industries of the Chesapeake Buys Office Building in Downtown Baltimore
Goodwill Industries of the Chesapeake has recently purchased a new building in downtown Baltimore. The acquisition is part of the workforce development agency’s plan to expand the number and quality of services it provides to unemployed and underemployed residents of Baltimore.
New York Investors Buy Twinsburg Office Complex for $13M
A Greater Cleveland office complex changed hands last month. Luttner Real Estate Investment Services announced that Twinsburg’s Canyon Falls Corporate Center was acquired by an unnamed investment group from New York for $13.075 million.
JCR Buys Southern Maryland Shopping Center for $22M
JCR Companies continues to expand its D.C.-area portfolio of retail properties. Its latest acquisition is the Manokeek Village Shopping Center in Accokeek, Prince George’s County. The company paid $22 million to buy it from Klaff Realty.
Delancey Street Capital Buys Ridgely’s Delight Apartments for $3M
Delancey Street Capital has closed on its fifth deal in the Baltimore metropolitan area. The company, which recently moved its offices from Philadelphia to New York, has paid $2,958,000 to acquire Ridgely’s Delight Apartments. RD30, LLC was the seller.
Liberty Center Lands 2 Tenants
Liberty Center, the approximately $350 million mixed-use project currently under construction in Liberty Township has signed two more tenants. Flip Sid, a gourmet burger restaurant, and the Funny Bone Comedy Club and Restaurant will now join other tenants such as Dillard’s, DICK’S Sporting Goods, Cobb CinéBistro, Brio Tuscan Grille, Cheesecake Factory, Kona Grill and Pie & Pints.
Becknell Industrial Takes Serta Facility in Forest Park
Brennan Investment Group, LLC has recently announced the sale of a large industrial property in Forest Park, a suburb of Cincinnati. The Chicago-based company sold the warehouse building at 1680 Carillon Boulevard to Becknell Industrial, for $7.3 million.
Buckingham Eyes Fall Debut for Oakley M-F Complex
An Indianapolis-based real estate company is building almost 300 new apartments in Cincinnati’s Oakley neighborhood. Buckingham Companies recently announced that it will complete the MadMar Flats project later this year and that it expects the first residents to move in starting this fall.
Scion Group Adds to its Student Housing Portfolio with Buys Totaling $100M
The Scion Group has recently announced the acquisition of three student housing communities, from three separate sellers, in a transaction which exceeded $100 million in value. One of the communities is located in Baton Rouge.