Baltimore
St. John Properties Breaks Ground on New R&D/Flex Office Building in Maple Lawn
St. John Properties, Inc. started construction at the end of September on a 42,620 square foot single-story building in its Maple Lawn Corporate Center park in Maple Lawn, a 600-acre mixed-use business community located in Howard County. This is the company’s final R&D/flex office product constructed in the Maple Lawn Corporate Center.
Industrial Leases Pick Up in Baltimore
As we’ve previously reported, the Baltimore Metro Area industrial market is seeing a lot of activity lately.
UMBC Opens First Phase of $165M Performing Arts and Humanities Building
The University of Maryland, Baltimore County (UMBC) held a day-long celebration on Wednesday, September 19, to mark the grand opening of the first phase of its new $165 million Performing Arts and Humanities Building as well as the ground breaking for the second phase. Governor Martin O’Malley was present at the ceremony.
Belcamp’s Riverside Distribution Center Sells for $31.1M; Baltimore County Industrial Building Secures $12.5M Bridge Loan
By Adrian Maties, Associate Editor Cassidy Turley recently announced the sale of a 599,109-square-foot industrial property in Belcamp, MD. Pennsylvania-based Exeter Property Group acquired the portfolio from Boston-based TA Associates for $31.1 million. The seller was represented by Jonathan Carpenter and James Wellschlager of Cassidy Turley’s Capital Markets Group. The Riverside Distribution Center is comprised […]
IIT Buys Two Greater Baltimore Industrial Assets for $16.1M
By Adrian Maties, Associate Editor Industrial Income Trust continues its buying spree in the Greater Baltimore area. The Denver-based real estate investment trust paid $16.1 million for two fully leased industrial properties. The transactions occurred simultaneously in the first week of August. TA Realty Associates was the seller. The company was represented by CBRE’s Bo […]
Baltimore High-Rise Office Buildings Going Up For Auction
By Adrian Maties, Associate Editor Two office buildings in Baltimore’s central business district are expected to be auctioned off in the following months. The two properties are the Calvert Center at 225 N. Calvert Street and the office building at 1 N. Charles Street. The Calvert Center is a 17-story office building located between the […]
Historic Sparrows Point Steel Mill Sold For $72M
By Adrian Maties, Associate Editor On Wednesday, August 15, a federal bankruptcy judge in Wilmington, Delaware, approved the sale of the historic Sparrows Point steel mill. The property was sold to liquidator Hilco Trading of Illinois and St. Louis-based Environmental Liability Transfer for about $72.5 million. Its owner, RG Steel LLC, filed for Chapter 11 […]
Caesars, Rock Gaming Granted License to Build and Operate $300M Baltimore Casino
By Adrian Maties, Associate Editor Caesars Entertainment Corporation has announced that CBAC Gaming, LLC, the investment group led by Caesars and Rock Gaming, has received a license from the State of Maryland Video Lottery Facility Location Commission to operate a video lottery terminal (VLT) facility in downtown Baltimore. CBAC Gaming plans to build Harrah’s Baltimore, […]
CBRE Global Investors Fund Buys Two Class A Apartment Communities in Towson
By Adrian Maties, Associate Editor CBRE Global Investors recently announced it has purchased two mid-rise apartment communities in Towson, Maryland. The acquisition totals 430 units and was made on behalf of the CBRE Strategic Partners U.S fund series. The two class A properties are the Renaissance at the Quarter and Jazz at The Quarter. They […]
Baltimore’s Aging Bus Yard will Get $53M Overhaul
By Adrian Maties, Associate Editor U.S. Transportation Secretary Ray LaHood announced on July 23 that $787 million has been awarded by the federal Department of Transportation as part of its annual State of Good Repair and Bus Livability program to help repair and modernize the nation’s aging transit infrastructure. The money will fund 255 projects […]