News
Economy Watch: Jobs, Freddie Mac Delinquent Mortgages
The U.S. economy created 248,000 jobs in September. Freddie Mac’s single-family serious delinquency rate declined from 2.02 percent in July to 1.98 percent in August.
Chick-fil-A, CVS/pharmacy and Nalley Fresh Coming to Baltimore’s Inner Harbor
Three new retailers are coming to Baltimore’s Inner Harbor. CVS/pharmacy, Chick-fil-A and Nalley Fresh have recently signed leases at 400 East Pratt Street, bringing the retail portion of the project to full occupancy.
Baltimore-Washington Corridor Industrial Properties Sell For $22.5M
Two more industrial properties in the Baltimore-Washington corridor have recently changed hands. Located in Savage and Elkridge, the two properties traded for approximately $22.5 million.
Continental Realty Corporation Completes Renovation of Dundalk’s Merritt Manor
Baltimore-based Continental Realty Corporation hosted a ribbon-cutting on Tuesday, September 30, to celebrate the completion of extensive renovations to Merritt Manor, a shopping center in Dundalk. Baltimore County Executive Kevin Kamenetz and Baltimore County Councilman John Olszewski, Sr. were among the officials present at the event.
IKEA’s Only Michigan Facility Plans 44,000 Sq. Ft. Expansion
It has been eight years since IKEA opened its first Michigan store. Now the Swedish furniture retailer wants to consolidate its presence in the Greater Detroit area by expanding the 311,000-square-foot retail facility in Canton Township.
Wistar’s $100 Million Biomedical Research Tower Opens in University City
Last month the Wistar Institute, an independent biomedical research center, hosted a grand opening gala to celebrate its new research laboratory in the heart of Philadelphia’s University City district.
Local Civic Groups Trigger Eleventh-Hour Deal to Save Pittsburgh’s August Wilson Center for African American Culture
Just as a trial was getting under way in the protracted dispute over the future of the debt-ridden August Wilson Center for African American Culture in downtown Pittsburgh, a soon-to-be-formed nonprofit foundation reached a multi-party settlement to buy the property for $8.49 million.
Summit Equity Investments Pays $11M for Carrington Ridge Apartments
By Eliza Theiss, Associate Editor As Music City’s apartment market continues to sizzle, investors are constantly on the lookout for new investment opportunities in the Nashville MSA. Case in point: Summit Equity Investments, Inc. which just picked up the 152-unit Carrington Ridge Apartments, marking the company’s third Nashville acquisition this year, according to the Nashville […]
CREW Network Lauds 2014 Award Winners at Annual Convention
CREW Network announced the winners of its Impact Awards and the organization’s highest honor, the Circle of Excellence award, at its annual Convention & Marketplace, which took place Sept. 30 through Oct. 2 in Miami Beach. The top award went to global law firm Norton Rose Fulbright.
ACCO Relocates Division to San Mateo; 650 California Street Gets Cushman & Wakefield as Exclusive Leasing Agent
As the San Francisco Bay Area office market continues to hit milestones, recent office leasing news include a company’s decision to move from Redwood Shores to San Mateo and a massive Financial District asset’s hiring of a new exclusive leasing agent.