Baltimore
Towson City Center Almost Fully Leased as Opening Nears
By Adrian Maties, Associate Editor
The Towson Town Center is almost fully leased just weeks before opening. Cassidy Turley has been leasing the building on behalf of the owner Caves Valley Partners. On May 2, Cassidy Turley announced that only two floors of the 12-story building have not been leased.
Located on York Road, in the heart […]
Two 30-Story Apartment Towers will Replace Baltimore’s Mechanic Theatre
By Adrian Maties, Associate Editor
Since it opened in January 1967, the Morris A. Mechanic Theatre was for many years Baltimore’s primary venue to host touring Broadway plays and feature major productions. However, those days are now long gone. In time, the theatre became obsolete as it was too small and outdated to accommodate modern, larger […]
New Apartments Coming to Baltimore
By Adrian Maties, Associate Editor
A $16 million housing development is expected to breathe new life into Baltimore’s Johnston Square neighborhood. Empire Homes of Maryland Inc. and Baltimore-based French Development Co. are the developers of the project.
The 74-unit apartment community will be named The Lillian Jones Apartments, in honor of a Baltimore activist and the founding […]
$200M Cancer Treatment Facility Coming to Baltimore
By Adrian Maties, Associate Editor
The University of Maryland School of Medicine and Advanced Particle Therapy LLC of San Diego, Calif. started work last week on a more than $200 million proton treatment center in Baltimore’s west side. This will be […]
KBS Legacy Partners Apartment REIT Buys 255-Unit Community in Pikesville
By Adrian Maties, Associate Editor
KBS Legacy Partners Apartment REIT, Inc. has acquired a Class A 255-unit apartment complex in Pikesville, Maryland. The transaction closed on April 6, representing the third equity acquisition for the Newport Beach, Calif.-based, non-traded REIT. Kettler […]
Industrial Income Trust Buys Hanover Building; Walker & Dunlop Gets Financing for Hunt Valley Towne Centre
By Adrian Maties, Associate Editor
A subsidiary of Colorado-based Industrial Income Trust Inc. (IIT) has paid $7.8 million for the BWI Commerce Center in Hanover, Maryland. The 128,000-square foot industrial building was sold by an affiliate of Boston’s Great Point Investors […]
Proposed Foundry Row Development Could Breathe New Life into Owings Mills
By Adrian Maties, Associate Editor
Developer Greenberg Gibbons plans to demolish the 1.8 million square-foot Solo Cup site on Reisterstown Road in Owings Mills in the coming months and build a $140 million retail center anchored by Wegmans in its place. […]
AiNET to open Data Center in Glen Burnie
By Adrian Maties, Associate Editor
AiNet, the Beltsville-based IT solutions provider, announced on March 19 it is preparing to open a data center in Glen Burnie, Maryland. Called CyberNAP, the 300,000-square-foot facility will be housed in an existing building, the former […]
St. John Properties Buys Former Environmental Elements Building, Plans $8M Renovation
By Adrian Maties, Associate Editor
St. John Properties Inc. has purchased a highly visible office building located at 3700 Koppers St. in Southwest Baltimore. Although the new owner did not disclose any sales price, it plans to invest $8 million to […]
Tryko Partners Busy in Greater Baltimore
By Adrian Maties, Associate Editor
Tryko Partners, LLC, a New Jersey private equity real estate group, has been very active in the multifamily market in the Baltimore Metropolitan Area in the past few weeks. The company has acquired two properties, Aberdeen’s […]