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The Howard Hughes Corporation Buys Six Downtown Columbia Office Buildings for $130M

The Howard Hughes Corporation Buys Six Downtown Columbia Office Buildings for $130M

The Howard Hughes Corporation is expanding its Maryland portfolio. In one of the largest transactions of the year, in the Greater Baltimore area, the Dallas-based company purchased six office buildings in Downtown Columbia from General Growth Properties, Inc. The sale price was $130 million.…

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State Awards $10M In Historic Preservation Tax Credits to Nine Maryland Projects

State Awards $10M In Historic Preservation Tax Credits to Nine Maryland Projects

Nine Maryland historic restoration projects will receive help from the state, in the form of $10 million worth of tax credits. Seven of the projects are located in the Baltimore Metropolitan Area.…

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Baltimore’s Inner Harbor Welcomes its First Hyatt Place

Baltimore’s Inner Harbor Welcomes its First Hyatt Place

Baltimore’s Inner Harbor is home to another hotel. Hyatt Hotels Corporation and 511 South Central Avenue, LLC, a collaboration between Englewood LLC and CG Investments, Inc., announced on Thursday, December 11, that the new Hyatt Place Baltimore/Inner Harbor is now open and ready to receive guests.…

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Morgan Properties and Olayan Purchase The Preserve at Owings Crossing

Morgan Properties and Olayan Purchase The Preserve at Owings Crossing

Morgan Properties has acquired another large Maryaland apartment community. In a joint venture with The Olayan Group, the King of Prussia-based company purchased The Preserve at Owings Crossing, in Reisterstown. This is the joint venture’s second acquisition in 2014.…

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Chesapeake Realty Partners’ ‘Industrial Chic’ Apartments Coming to South Baltimore

Chesapeake Realty Partners’ ‘Industrial Chic’ Apartments Coming to South Baltimore

The south end of Charles Street, in Baltimore, was once an unattractive industrial area. But that all changed in the last few years. It all started in 2012, with the opening of 1901 South Charles and its 193 luxury apartments, and more apartments are on their way.…

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David Tufaro’s Whitehall Mill Mixed-Use Project to Break Ground Early Next Year

David Tufaro’s Whitehall Mill Mixed-Use Project to Break Ground Early Next Year

A new mixed-use project is coming to Baltimore. David Tufaro and his company, Terra Nova Ventures, plan to break ground early next year on a retail, office and apartment complex on Clipper Mill Road. It will be known as Whitehall Mill.…

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Red Lion Hotels Corporation Buys Historic Baltimore Property, Plans to Reopen it As New Hotel RL

Red Lion Hotels Corporation Buys Historic Baltimore Property, Plans to Reopen it As New Hotel RL

Red Lion Hotels Corporation has recently acquired Baltimore’s historic Keyser Building, for $15.7 million. The Spokane, Washington-based hospitality company plans to reopen the property as a Hotel RL, a new brand, which it launched this fall.…

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Cisco Systems Leases Almost 100,000 Sq. Ft. of Office Space in Maple Lawn

Cisco Systems Leases Almost 100,000 Sq. Ft. of Office Space in Maple Lawn

Cisco Systems, Inc. is expanding its presence in Howard County. The San Jose-based company has recently signed a lease with St. John Properties, Inc. and Greenebaum Enterprises, Inc. for 97,128 square feet of space in a recently-completed office building at 8135 Maple Lawn Boulevard.…

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AstraZeneca to Expand Frederick Biologics Manufacturing Center, Add 300 Jobs

AstraZeneca to Expand Frederick Biologics Manufacturing Center, Add 300 Jobs

AstraZeneca is expanding its biologics manufacturing center in Frederick. The global biopharmaceutical company plans to invest more than $200 million to increase production capacity at the facility.…

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$80M Luxury Apartment Community Opens Doors in Towson

$80M Luxury Apartment Community Opens Doors in Towson

Towson is home to a new luxury apartment community. The $80 million Winthrop Towson is now complete and is getting ready to receive its first tenants. They will move in next month.…

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Empty Nesters and Millennials Drive Urban and Suburban D.C. Multifamily Market

Empty Nesters and Millennials Drive Urban and Suburban D.C. Multifamily Market

The greater Washington D.C. area has more than 30,000 apartment units coming online, scaring some institutional investors. …

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Hampshire Properties Buys The Seasons At Bel Air Apartments For $80M

Hampshire Properties Buys The Seasons At Bel Air Apartments For $80M

Another Greater Baltimore area apartment complex has recently changed hands. CBRE Capital Markets announced last week that Hampshire Properties paid $80 million to buy the Seasons at Bel Air garden community.…

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