Baltimore
CRC Taps Commercial Management Pro
The company has appointed JD Brakefield as director of commercial property management. He holds almost two decades of industry experience, having served The Rappaport Cos., PREIT and Elysian Partners.
Summit Closes $163M Portfolio Deal
Acquired from Xenia Hotels, the five properties include four adaptive-reuse buildings. The assets are located in Fort Worth, Kansas City, Mo., Pittsburgh and Baltimore.
B’More Self-Storage Project Lands Financing
The 993-unit self-storage project will be a conversion of a former textiles office and warehouse facility and is expected to be completed in the second quarter of 2018.
Baltimore-Area Office Asset Completes First Sale
A joint venture between Feldman Bergin Development and Kenwood Management Co. acquired 1334 Ashton Road in Hanover, Md. for $2.3 million. The building is part of the Commons Corporate Center office park.
Covington Lands 800 KSF Industrial Portfolio
The Dallas-based company purchased a 500,625-square-foot warehouse and distribution facility in Columbus, Ohio, and a 300,000-square-foot facility in Baltimore. The buyer plans to make improvements to the buildings.
Stadium Square in Baltimore Lands First Tenant
Caves Valley Partners’ $275 million redevelopment project includes 650 luxury apartments, 300,000 square feet of office and 70,000 square feet of retail space.
Baltimore-Area Industrial Asset Changes Hands
The property in Elkridge last traded in 2004, when Matan Cos. acquired it for $6.7 million. The building served as the headquarters of Kane Co., which filed for bankruptcy and vacated it in 2016.
Caves Valley, Greenberg Gibbons Team Up in Maryland
The companies are investing $350 million in the construction of a 1.2 million-square-foot project that will bring office, retail, luxury residential, student housing and a hotel to downtown Towson.
KLNB Appoints New COO
Real estate veteran Marc Menick will step up as the firm’s president & chief operations officer, following Andrew Georgelakos’ retirement.
MacKenzie Markets 100 KSF Baltimore MOB
The Class A property is situated on the campus of University of Maryland St. Joseph Medical Center and offers medical office spaces ranging from 1,000 to 6,200 square feet.