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Industrial Leases Pick Up in Baltimore

Industrial Leases Pick Up in Baltimore

As we’ve previously reported, the Baltimore Metro Area industrial market is seeing a lot of activity lately.…

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UMBC Opens First Phase of $165M Performing Arts and Humanities Building

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…

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Belcamp’s Riverside Distribution Center Sells for $31.1M; Baltimore County Industrial Building Secures $12.5M Bridge Loan

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…

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IIT Buys Two Greater Baltimore Industrial Assets for $16.1M

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…

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Baltimore High-Rise Office Buildings Going Up For Auction

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…

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Historic Sparrows Point Steel Mill Sold For $72M

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…

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Caesars, Rock Gaming Granted License to Build and Operate $300M Baltimore Casino

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…

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CBRE Global Investors Fund Buys Two Class A Apartment Communities in Towson

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…

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Baltimore’s Aging Bus Yard will Get $53M Overhaul

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…

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MICA to Invest $18.5 Million in Student Housing 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…

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Developers Planning New Housing at Harbor Point

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…

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Home Properties Buys Ellicott City Apartment Community

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…

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