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Two 30-Story Apartment Towers will Replace Baltimore’s Mechanic Theatre

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…

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New Apartments Coming to Baltimore

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…

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$200M Cancer Treatment Facility Coming to Baltimore

$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 [...]…

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KBS Legacy Partners Apartment REIT Buys 255-Unit Community in Pikesville

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 [...]…

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Industrial Income Trust Buys Hanover Building; Walker & Dunlop Gets Financing for Hunt Valley Towne Centre

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 [...]…

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Proposed Foundry Row Development Could Breathe New Life into Owings Mills

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. [...]…

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AiNET to open Data Center in Glen Burnie

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 [...]…

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St. John Properties Buys Former Environmental Elements Building, Plans $8M Renovation

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 [...]…

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Tryko Partners Busy in Greater Baltimore

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 [...]…

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St. John Starts Work on New Office Building at The GATE

St. John Starts Work on New Office Building at The GATE

By Adrian Maties, Associate Editor St. John Properties Inc., a Baltimore-based developer, has started work on a new building at the Government and Technology Enterprise (The GATE) project, a 416-acre business community located within Aberdeen Proving Ground (APG) in Harford County, in [...]…

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Maryland Live! Casino to Open in June

Maryland Live! Casino to Open in June

By Adrian Maties, Associate Editor As work on the Maryland Live! Casino is nearing completion, the developers gathered on Wednesday, February 15, in Arundel Mills, to celebrate, honor the workers and ”top off” one of the state’s largest construction projects. A [...]…

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Downtown Baltimore’s Holiday Inn Sold to The Procaccianti Group

Downtown Baltimore’s Holiday Inn Sold to The Procaccianti Group

By Adrian Maties, Associate Editor The Procaccianti Group (TPG), a privately held real estate investment and management company based in Providence, Rhode Island, announced that it has recently completed the purchase of the Holiday Inn Baltimore Inner Harbor Hotel. With the [...]…

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