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Modus Hotels Relaunches Brookshire Suites in Baltimore

Modus Hotels Relaunches Brookshire Suites in Baltimore

At the end of 2012, Modus Hotels announced the purchase of the Brookshire Suites in Baltimore’s famous Inner Harbor. The Washington, D.C.-based full service hotel development and management company paid $7.85 million for the property, according to PropertyShark. In the weeks that followed the announcement, it started work on a…

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Arundel Village Plaza Shopping Center Sold for $6.5M

Arundel Village Plaza Shopping Center Sold for $6.5M

An Anne Arundel county shopping center changed hands last week. BTR Capital Group sold the Arundel Village Plaza Shopping Center to Oak Tree Management for $6.5 million. The Greysteel Company, a real estate investment services firm based in Washington D.C., served as exclusive advisor and agent.…

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Resmark and Timberlake Homes Constructing Creekstone Village Townhome Community in Anne Arundel County

Resmark and Timberlake Homes Constructing Creekstone Village Townhome Community in Anne Arundel County

A new, single-family townhome community is coming to Anne Arundel County. Resmark Land and Housing, a division of The Los Angeles-based Resmark Companies, and Timberlake Homes announced at the end of January that construction is underway on Creekstone Village in Pasadena. The project is expected to be completed in 36…

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Blue Ocean Realty Buys 720-Unit Millbrook Park Apartments in Pikesville

Blue Ocean Realty Buys 720-Unit Millbrook Park Apartments in Pikesville

720 apartments. 73 buildings. 40 acres of land. Put them all together and you get the Millbrook Park Apartments in Pikesville. Blue Ocean Realty, one of the largest owner-managed investment companies in the Baltimore metropolitan area, recently purchased this massive complex.…

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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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