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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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Harbor Point to Host New Constellation Headquarters

Harbor Point to Host New Constellation Headquarters

By Adrian Maties, Associate Editor After researching and exploring multiple locations in the last months, Exelon Corporation and Constellation Energy announced they have chosen Harbor East Development Group LLC to build their new waterfront headquarters at Harbor Point. The companies plan [...]…

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New 16-screen Theater to Anchor $85M Towson Circle III Development

New 16-screen Theater to Anchor $85M Towson Circle III Development

By Adrian Maties, Associate Editor Baltimore County Executive Kevin Kamenetz announced on January 27 that Cinemark Theatres has signed a lease to be the anchor tenant for Towson Circle III, an $85 million expansion of Towson Circle. Baltimore-based The Cordish Cos. is [...]…

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JBG Breaks Ground on Social Security Administration Facility

JBG Breaks Ground on Social Security Administration Facility

By Adrian Maties, Associate Editor Work started January 26 on the new twin-building Social Security Administration facility in Northwest Baltimore. Mayor Stephanie Rawlings-Blake attended the groundbreaking ceremonies together with City Council Member Rikki Spector; Robert A. Peck, Commissioner of Public Buildings [...]…

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Apartment Conversion Planned for Baltimore’s Tremont Plaza Hotel

Apartment Conversion Planned for Baltimore’s Tremont Plaza Hotel

By Adrian Maties, Associate Editor Responding to the growing demand for more apartments in downtown Baltimore, William C. Smith & Co. Inc. announced plans to convert the Tremont Plaza Hotel’s 390 luxury suites into apartments and long-term guest suites. Tenants will [...]…

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