Baltimore
Industrial Investors Attracted to the Hot Submarkets North of I-95
The Baltimore industrial market is performing very well in the submarkets located to the north of I-95 (Baltimore City, Baltimore County East, and Harford/Cecil County), much better than in any other regions in the metropolitan area. According to reports from Cassidy Turley, compared to the same period last year, available industrial space in the Harford/Cecil County is taking an average of 11 months to lease. In the Baltimore/Washington Corridor submarket it takes 18 months.
$442M Horseshoe Casino to Open in Baltimore This August
Maryland is getting ready to welcome its newest casino. Executives of Horseshoe Casino Baltimore announced last week that the grand opening of the $442 million entertainment facility is scheduled for August 26, pending regulatory approval.
JV Buys Large Industrial Building and Development Site in Baltimore County
AEW Capital Management, a Boston-based privately owned real estate investment manager, has recently formed a joint venture with Redgate Capital Partners, a private equity real estate investment firm also headquartered in Bean Town, to acquire a large industrial building and a development site in Baltimore County. The price of the transaction was not disclosed. Cassidy Turley arranged the sale.
Luxury apartments to rise at Quincy’s Marina Bay
A developer has acquired almost six acres of waterfront property at Marina Bay in Quincy and plans to build 352 luxury apartments there, replacing a popular nightclub with homes that have sweeping views of the Boston skyline.
New Key’s Pointe Residences Open in Baltimore, Part of O’Donnell Heights Revitalization
At the start of the month, the city of Baltimore celebrated the opening of the newly constructed Key’s Pointe Residences, the first phase of the O’Donnell Heights Revitalization project. Mayor Stephanie Rawlings-Blake was present at the ribbon-cutting ceremony together with Paul T. Graziano, Executive Director of the Housing Authority of Baltimore City, The Michaels Development Company, AHC-Greater Baltimore, Inc., and other elected officials and members of the community.
Enterprise OpensThe Greens at English Consul Affordable Apartments For Seniors
Enterprise Homes celebrated last Tuesday, June 3, the grand opening of its latest senior community in Baltimore County. Called The Greens at English Consul, it is the first new construction in the Lansdowne/Baltimore Highlands neighborhood in almost 20 years.
Former Department Store Warehouse In Mount Vernon Gets New Life As Luxury Apartments
A new, luxury, green apartment community is coming to downtown Baltimore. Time Group Investments has turned the former main warehouse of the Hochschild Kohn department store chain into 171 luxury apartments and is now getting ready to receive tenants.
Large South Baltimore Multifamily Portfolio on The Market
Another large Baltimore-area multifamily portfolio is on the market. The 132-unit Curtis Bay Village, located off Route 173 in Curtis Bay, is looking for new owners.
MARKET SNAPSHOT: Baltimore Apartment Market to Enjoy a Strong 2014
After a modest 2013, due to government budget cuts and furloughs, the Baltimore apartment market is making a comeback this year.
Johns Hopkins to Build Cancer Center in Baltimore with $65 Million Gift
Johns Hopkins has announced on May 6 its plans to build a new cancer treatment building in Baltimore. The facility will be constructed with the help of a $65 million gift. It will be named after the late Albert P. “Skip” Viragh, Jr., a philanthropist and a former cancer patient treated at Johns Hopkins, who died in 2003, at the age of 62.