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 […]
MICA to Invest $18.5 Million in Student Housing Projects
By Adrian Maties, Associate Editor The Maryland Institute College of Art (MICA) has announced it will break ground in late fall on a $16.5 million student housing expansion project. The addition will help MICA provide housing for more than half its undergraduates and will also lead the revitalization of Baltimore’s North Avenue corridor and northern […]
Developers Planning New Housing at Harbor Point
By Adrian Maties, Associate Editor Baltimore’s Harbor Point is a mammoth waterfront project by John Paterakis Sr. and the developers now intend to make it even bigger. On Thursday, July 5, at a meeting of Baltimore’s Urban Design and Architecture Review Panel (UDARP), representatives of John Paterakis’ Harbor East Development Group presented a preliminary […]
Home Properties Buys Ellicott City Apartment Community
By Adrian Maties, Associate Editor Rochester, New York-based Home Properties recently announced it has acquired Howard Crossing, an Ellicott City apartment community, for $186 million or $138,000 per apartment unit. The cash deal was closed on June 28. Howard Crossing was constructed in phases from 1968 through 1975. It consists of 1,350 units in 42 […]
St. John Properties Starts Work on Two New Office Buildings at The GATE
By Adrian Maties, Associate Editor The Government and Technology Enterprise (The GATE) project is getting ready to welcome two new single-story, Class ”A” office buildings as St. John Properties has recently started work on 6170 and 6160 Guardian Gateway. Just a few months ago, St. John broke ground on 6190 Guardian Gateway, a three-story, […]
New Senior Housing Coming to West Baltimore
By Adrian Maties, Associate Editor Enterprise Homes and Capital One Bank broke ground on Thursday, June 7, on The Greens at Irvington Mews, Baltimore’s newest senior housing development. Baltimore Mayor Stephanie Rawlings-Blake, Secretary Skinner, Enterprise Homes President Chickie Grayson and other officials attended the ceremony. Located on the city’s west side, just across the street […]
Eastpoint Mall Auctioned for $30M
By Adrian Maties, Associate Editor The Eastpoint Mall in Dundalk, MD sold May 29 at auction for $30.3 million, barely one-quarter of the asking price it commanded in 2006. LNR Property LLC, a Miami Beach, Fla.-based real estate investment firm, submitted the winning bid. Tidewater Auctions LLC of Towson handled the sale at the Circuit […]
Developers Plan $100 Million Development in Columbia
By Adrian Maties, Associate Editor The city of Columbia may see a new apartment and retail complex in the near future. On Tuesday, May 22, officials with Orchard, Kettler and Howard Hughes Corp. presented plans at The Rouse Company Foundation Student Services Hall at Howard Community College, for a $100 million development, the area’s first […]
Enterprise Reopens Harper House Affordable Housing Community in Howard County
By Adrian Maties, Associate Editor Enterprise Homes has re-opened Harper House. The Columbia apartment building has received a $21 million total building “green” makeover. Enterprise is celebrating its 30th anniversary this year, and the building is a tribute to Jim Rouse (April 26, 1914 – April 9, 1996), Enterprise’s founder and also the founder […]