Baltimore
Out-of-State Investor Buys Greater Baltimore Medical Office Building
An out-of-state investor has purchased a medical office building in Greater Baltimore this month. The Empire Medical Building, in Anne Arundel County, traded for $18.65 million.
CBRE Arranges Two New Leases in The Baltimore Washington Corridor
Gateway Commerce CenterAt the start of June, CBRE announced that it has arranged two leases on behalf of Deutsche Asset & Wealth Management in the Baltimore Washington Corridor. The deals total more than 220,000 square feet of space.
Towson University To Break Ground on $40M Renovation and Expansion Project this Year
Towson University has recently announced its intention to break ground later this year on a much-needed project which will renovate and expand fitness, gym and administrative areas in Burdick Hall. The project will help the university enhance its student-life experience and improve its recruiting efforts.
Q&A With BECO Management’s Levi Cohen
The BECO Towers office complex in Owings Mills has so far this year been one of the Greater Baltimore office market’s success stories. Since this January, BECO Management, Inc. has leased more than 52,000 square feet of space at the 330,000-square-foot property, located just off of I-795, reducing the total vacancy by 50 percent.
Baltimore’s McHenry Row Mixed-Use Community Signs Two New Tenants
The McHenry Row mixed-use community in Baltimore has just signed two more tenants. Two national companies have leased almost 16,000 square feet of space in the project that formerly housed the headquarters of Phillips Seafood Company.
GSA to Sell Metro West Complex In Baltimore
The U.S. General Services Administration plans to sell one of its properties in Baltimore. The massive Metro West complex, at 300 N. Greene St., on the northwestern edge of the city’s Central Business District, will be put on the market next month.
Manekin, AEW Capital Management Buy Large Distribution Center in Jessup
Industrial investment sales activity remains very healthy in Greater Baltimore. The latest property to change hands is a large distribution center located at 7600 Assateague Drive, in Jessup.
Enterprise Affordable Housing Coming to Baltimore
More affordable housing is coming to Baltimore. Last month, Enterprise Homes, Inc., the development arm of Columbia-based Enterprise Community Partners, closed on financing for the construction of a new building, with 68 affordable apartments, at 211 West Mulberry St.
Glen Burnie Townhome Community Sells for $76.25M
The Coves at Chesapeake townhome community in Glen Burnie is the latest addition to the list of large, Greater Baltimore multifamily assets that changed hands this year. The property traded for $76.25 million.
Ground Broken on $65.6M Innovation Hub in East Baltimore
Forest City-New East Baltimore Partnership, a partnership between Forest City Enterprises, Inc. and Presidential Partners LLC, is building a new innovation hub for life sciences in East Baltimore, just north of the Johns Hopkins medical campus. The project is called 1812 Ashland Avenue and is expected to cost $65.6 million.