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Joint Venture to Convert Vacant Baltimore Warehouse into Luxury Historic Lofts

Joint Venture to Convert Vacant Baltimore Warehouse into Luxury Historic Lofts

The Raffel Building, a historic building currently sitting vacant in one of Baltimore’s most desirable neighborhoods, is on its way to becoming upscale apartments. Two local companies, Poverni Ventures LLC and Management Restoration Services LLC , have formed a joint venture to redevelop the abandoned warehouse at 111 W. Heath…

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JBG, Klein Enterprises Unveil State-of-the-Art Social Security Administration Complex at 6100 Wabash Avenue

JBG, Klein Enterprises Unveil State-of-the-Art Social Security Administration Complex at 6100 Wabash Avenue

The JBG Companies and Klein Enterprises have unveiled last week 6100 Wabash Avenue, a state-of-the-art, twin-building facility for the Social Security Administration. Baltimore Mayor Stephanie Rawlings-Blake and Congressman Elijah Cummings were among the officials and community leaders present at the ribbon-cutting ceremony.…

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Transwestern Hired to Sell Two Apartment Communities in Anne Arundel County

Transwestern Hired to Sell Two Apartment Communities in Anne Arundel County

Two apartment apartment communities in Anne Arundel County are now on the market. Together, they offer over 450 units. Transwestern’s Bethesda, Md.-based Mid-Atlantic Multifamily Group has been named as exclusive agent for the sale of both properties.…

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L3C Capital Partners Selects Village Green to Manage The Munsey in Downtown Baltimore

L3C Capital Partners Selects Village Green to Manage The Munsey in Downtown Baltimore

Baltimore’s Munsey Building was recently acquired by L3C Capital Partners LLC. According to The Baltimore Business Journal, the New York-based investment company paid $18.35 million for the building. Now, the new owner has selected Village Green, a Detroit-based apartment manager and owner, to manage the historic community…

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T. Rowe Price Renews Lease at 100 East Pratt Street, Keeps 1,300 Jobs in Downtown Baltimore

T. Rowe Price Renews Lease at 100 East Pratt Street, Keeps 1,300 Jobs in Downtown Baltimore

Good news for downtown Baltimore. After several months of uncertainty, T. Rowe Price Group, Inc. announced it has renewed its lease at 100 East Pratt Street and that it won’t be moving its headquarters to a different location. This means the company’s nearly 1,300 employees will be staying put.…

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Joint Venture Acquires Baltimore Area 500-Unit Multifamily Portfolio

Joint Venture Acquires Baltimore Area 500-Unit Multifamily Portfolio

Two weeks ago I wrote about two Howard County communities, totaling 348 units, which traded for almost $68 million. Now, two more garden-style apartment communities and a high-rise apartment building in the Greater Baltimore area are welcoming new owners.…

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InterPark Completes the Purchase of 300 E. Pratt, Starts Hunt for Development Partner for the Site

InterPark Completes the Purchase of 300 E. Pratt, Starts Hunt for Development Partner for the Site

By Adrian Maties, Associate Editor InterPark, LLC, the largest owner, operator and developer of parking facilities in North America, has completed its purchase of 300 E. Pratt in Baltimore’s Central Business District. The Chicago–based company plans to develop the site, considered the best remaining developable parcel of open land in Baltimore’s…

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Two Howard County Apartment Communities Sold for $68M

Two Howard County Apartment Communities Sold for $68M

Two apartment complexes in Howard County have recently changed hands, with an aggregate sale price of about $68 million. Together, Elkridge’s Belmont Station and Laurel’s Ashbury Court Apartments offer 348 units.…

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$24M Angelos Medical Pavilion Opens on the Saint Agnes Hospital Campus in Baltimore

$24M Angelos Medical Pavilion Opens on the Saint Agnes Hospital Campus in Baltimore

NexCore Group LP announced this month it has completed a new outpatient facility on the campus of Saint Agnes Hospital in Baltimore. The project is part of the hospital’s recently completed, $200 million, revitalization and expansion plan.…

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St. John Properties and Somerset Construction Select Elm Street Development to Build 2,000 Homes at Baltimore Crossroads

St. John Properties and Somerset Construction Select Elm Street Development to Build 2,000 Homes at Baltimore Crossroads

Earlier this year, St. John Properties, Inc. and the Somerset Construction Company unveiled conceptual plans for the $100 million Greenleigh at Crossroads mixed-use development in Eastern Baltimore County, the next phase of Baltimore Crossroads. Now, the joint venture has selected Elm Street Development as the residential development partner for the…

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101 Ellwood Modern Apartments & Lofts Opens its Doors to First Residents

101 Ellwood Modern Apartments & Lofts Opens its Doors to First Residents

Baltimore’s Highlandtown Middle School was designed by architects Wyatt and Nolting and is considered one of the most important historical and architectural buildings in the area. The seven-story building opened in 1934 and operated until 2005. Last year, Shaffin Jetta and Focus Development, Inc., his company, started a $27 million…

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FCC Environmental to Start Work on $50M Used Oil Recycling Facility in Baltimore in Q2 2014

FCC Environmental to Start Work on $50M Used Oil Recycling Facility in Baltimore in Q2 2014

FCC Environmental, a Houston-based service provider of waste oil collection and processing, announced it will break ground on a used motor oil recycling facility in Baltimore, in the second quarter of 2014.…

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