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ProMed Pays $22 Million for Part of Baltimore Building

ProMed Pays $22 Million for Part of Baltimore Building

ProMed Properties LLC, a wholly owned subsidiary of Gazit-Globe, recently purchased four floors of the Johnston Professional Building in North Baltimore. The New York-based company paid $21.75 million to buy a leasehold interest for the third, fourth, fifth and sixth floors of the eight-story building.…

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Modus Hotels Buys Baltimore’s Brookshire Suites

Modus Hotels Buys Baltimore’s Brookshire Suites

Modus Hotels, a full service hotel development and management company from Washington, D.C., has purchased Baltimore’s Brookshire Suites last week. It is Modus’ first hotel in downtown Baltimore and its third hotel acquisition of 2012.The Brookshire Suites is located immediately adjacent to Baltimore’s famous Inner Harbor…

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Grand Opening for Groveton Green, the First and Only LEED Gold Apartment Community in Owings Mills

Grand Opening for Groveton Green, the First and Only LEED Gold Apartment Community in Owings Mills

Groveton Green Apartments held a grand opening ceremony on November 15 in Owings Mills. Baltimore County Executive Kevin Kamenetz, Councilwoman Vicki Almond, Councilman Ken Oliver and Reisterstown-Owings Mills-Glyndon Chamber of Commerce Executive Director Brian Ditto were among those present at the ribbon cutting ceremony.…

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PMC Acquires 301 North Charles Street for Apartment Conversion

PMC Acquires 301 North Charles Street for Apartment Conversion

PMC Property Group Inc. has closed on the acquisition of 301 North Charles Street. Kirby Fowler, President of the Downtown Partnership of Baltimore, announced the acquisition via Twitter. The building will be converted to apartments.301 North Charles Street is a 92,500-square-foot office building at the northeast corner of Saratoga Avenue.…

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Two Class A Industrial Buildings Sold in Baltimore

Two Class A Industrial Buildings Sold in Baltimore

Hillwood Investment Properties, a Perot company, has announced the purchase of two Class A industrial facilities in Baltimore. Hillwood made the acquisition in a joint venture with Brookfield Asset Management.One of the properties is located at 451 Fletchwood Road, in Elkton, while the other is at 238 Belvidere Road in…

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Baltimore Apartment Community Wins Top Honors at Three Award Ceremonies

Baltimore Apartment Community Wins Top Honors at Three Award Ceremonies

The Arbors at Baltimore Crossroads in Baltimore recently won top honors at three award ceremonies. The luxury rental community was designed by KTGY Group, Inc., Architecture + Planning. It was developed by Somerset Construction Company and is managed by Bozzuto Management.…

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Inner Baltimore’s Harborplace Sold to Ashkenazy Acquisition Corporation

Inner Baltimore’s Harborplace Sold to Ashkenazy Acquisition Corporation

Mayor Stephanie Rawlings-Blake announced on October 23 that the Baltimore waterfront's iconic Harborplace has been sold to the Ashkenazy Acquisition Corporation. The New York real estate investment firm acquired the Inner Harbor complex from General Growth Properties. The sale price was not disclosed and representatives from both companies declined to…

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Walmart Supercenter Opens in Randallstown, MD

Walmart Supercenter Opens in Randallstown, MD

Brixmor Property Group, the second largest owner of community and neighborhood shopping centers in the United States, opened a new Walmart Supercenter in Randallstown, MD, on Wednesday, October 17. At the ribbon-cutting ceremony, Walmart associate, Hugh Lowery performed the national anthem.…

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St. John Starts Work on 270,000 Sq. Ft. BWI Technology Park II in Anne Arundel County

St. John Starts Work on 270,000 Sq. Ft. BWI Technology Park II in Anne Arundel County

St. John Properties, Inc. has started work on BWI Technology Park II, a 44-acre mixed-use business community located near BWI Airport in Anne Arundel County. This is St. John’s seventh business community developed in Anne Arundel County. The initial R&D/flex building is the company’s 100th commercial office or retail project…

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St. John Properties Breaks Ground on New R&D/Flex Office Building in Maple Lawn

St. John Properties Breaks Ground on New R&D/Flex Office Building in Maple Lawn

St. John Properties, Inc. started construction at the end of September on a 42,620 square foot single-story building in its Maple Lawn Corporate Center park in Maple Lawn, a 600-acre mixed-use business community located in Howard County. This is the company’s final R&D/flex office product constructed in the Maple Lawn…

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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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