Baltimore
Aberdeen’s Advantage Business Park Sells for $31M
CBRE has recently announced the sale of another important industrial property in the Greater Baltimore area. Advantage Business Park, an industrial bulk warehouse located at 504 Advantage Way, in Aberdeen, sold for $31 million, affirming once more the strength of Baltimore’s I-95 North submarkets.
Joint Venture To Redevelop Historic Downtown Baltimore Buildings into New Lofts
The Poverni Sheikh Group is involved in the redevelopment of another Baltimore historic property. In January, the company announced it joined forces with Management Restoration Services LLC to turn the Raffel Building, an abandoned warehouse at W. Heath Street, into upscale apartments. Now, together with Meisel Capital Partners, it has formed a joint venture called Central Savings Bank Shops & Flats, for a historic commercial-to-mixed-use conversion project in the city’s downtown.
Mayor Rawlings-Blake Launches New Baltimore Energy Initiative
The city of Baltimore has taken another step towards becoming more sustainable. Mayor Stephanie Rawlings-Blake announced on September 3 the launch of a new energy conservation and sustainability effort which will help thousands of residents, businesses and nonprofits across the city.
The Metropolitan Downtown Columbia Open For Pre-Leasing
Kettler, The Howard Hughes Corporation and Orchard Development Corporation have announced last week the start of pre-leasing at The Metropolitan Downtown Columbia. The $100 million, mixed-use development is located in Columbia’s Warfield neighborhood and is expected to open later this year.
Two More Baltimore Office Towers Go Up For Sale
Two fast-leasing Baltimore office towers are going up for sale. Both are located in the city’s downtown and both are more than 90% occupied.
Reliable Churchill Moves to New Baltimore County HQ, Brings 500 Jobs
Baltimore County is celebrating a huge win. Reliable Churchill, LLLP, the largest wine and spirits distributorship in the state of Maryland, has relocated its headquarters and more than 500 of its employees to a new office-warehouse complex in the Baltimore Crossroads business community, in White Marsh/Middle River.
$442M Horseshoe Casino Baltimore Finally Open, Brings 1,700 Jobs
Baltimore is finally on the list of U.S. casino cities. Last week, on August 26, the Horseshoe Casino Baltimore officially opened on the city’s south side. More than 15,000 guests attended the grand opening ceremony. Maryland Governor Martin O’Malley and Mayor Stephanie Rawlings-Blake were among the celebrities present at the event.
MCR Development Completes Renovation of the Hampton Inn Baltimore Downtown Convention Center
MCR Development LLC is celebrating again the successful renovation of a hotel in Baltimore. A few weeks ago, the hotel owner and operator said it finished work on the 131-room Residence Inn Baltimore White Marsh. Now, New York-based MCR Development announced it has successfully completed a full renovation of the Hampton Inn Baltimore Downtown Convention Center.
Delancey Street Capital Buys Baltimore’s Sail Cloth Factory Apartments for $12.9M
Delancey Street Capital LLC continues its expansion in the Baltimore area. The Philadelphia-based company has recently made its fourth acquisition in the region.
MCR Development Completes Major Renovations at the Residence Inn Baltimore White Marsh
MCR Development LLC, one of the twenty largest hotel owner-operators in the United States, has recently announced it has completed the renovation of the Residence Inn Baltimore White Marsh. The New York-based company did not announce how much it has invested in the project.