Baltimore
Enterprise Homes and SunTrust Bank to Renovate Frederick’s Taney Village Apartments
Enterprise Homes and SunTrust Bank announced on Monday their plans to renovate the Taney Village Apartments, in Frederick. The project is expected to cost $24.6 million. It will help preserve the property, which is an important source of affordable housing for seniors in the area.
DTZ Brokers Industrial Deals in Greater Baltimore
DTZ, the new owner of Cassidy Turley, has started 2015 in full force. Since the beginning of the year, the company has completed several leases, totaling more than 150,000 square feet of industrial space, in the Baltimore Washington Corridor.
Pinnacle Development Investors to Develop Unique Luxury Residential Tower In Baltimore
Pinnacle Development Investors LLS plans to start work on a new, ultra-luxury residential tower within Baltimore’s HarborView Community. Called The Pinnacle, the project is unlike other residential developments, because the unit owners are also investors and developers.
Finmarc Management Sells Elkridge Warehouse Building for $12.5M
Finmarc Management, Inc., in partnership with Kodiak Properties, LLC, sold an Elkridge warehouse and distribution building last month, to Denver-based DCT Industrial Trust. The price of the transaction was $12.5 million.
Castle Lanterra Buys Apartment Asset in Baltimore’s CBD
RWN Development Inc., a Maryland-based company, has sold the apartment building at 222 Saratoga E. Saratoga Street, in the Central Business District, to Castle Lanterra. It is the New York-based company’s first acquisition in the Baltimore market.
Monument Realty will Convert Baltimore Office Building into Apartments
Before the end of 2014, Monument Realty purchased the office building at 225 North Calvert Street, in Baltimore. The D.C.-based company plans to turn the 400,000-square-foot property into Class A apartments.
Tribune Media Sells 60-acre Property in Port Covington for $46.5M
Tribune Media Company sold a 60-acre property in Port Covington last month, for $46.5 million. The Chicago-based multimedia corporation expects the net proceeds to be approximately $30 million, after the deduction of transaction costs and taxes.
Loomis Armored US Signs Big Lease in the White Marsh Business Community, Plans to Install 200 Workers
Loomis Armored US is moving to White Marsh. The cash management and cash handling company has recently signed a lease with Hill Management Services, Inc. for 50,223 square feet of space in Baltimore County’s White Marsh Business Community.
Baltimore’s 750 East Pratt Street Recertified as LEED EB Platinum
The 18-story office building at 750 East Pratt Street has been recertified and is now the first LEED EB Platinum building in Baltimore. Hackerman Holdings, LLC and Cassidy Turley made the announcement on Tuesday, December 16. 750 East Pratt Street is also the first recertified building in Baltimore.
The Howard Hughes Corporation Buys Six Downtown Columbia Office Buildings for $130M
The Howard Hughes Corporation is expanding its Maryland portfolio. In one of the largest transactions of the year, in the Greater Baltimore area, the Dallas-based company purchased six office buildings in Downtown Columbia from General Growth Properties, Inc. The sale price was $130 million.