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The Real Estate Wonk

The Real Estate Wonk Baltimore's residential real estate and commercial development news
414 Light Street apartment tower secures financing

The developer behind plans for a 44-story residential tower on a parking lot in the Inner Harbor has secured more than $100 million in financing, lender Citizens Bank said Friday.

The announcement of $107.38 million in financing for the 414 Light Street project comes more than a year after the proposal secured design approval from the city.

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Head of Columbia-based Corporate Office Properties Trust to step down

The head of Corporate Office Properties Trust plans to step down in May, the Columbia-based real estate investment firm announced Friday as it reported its end of year earnings.

Roger A. Waesche Jr., who has led the company since 2012 as it fought to emerge from the recession and tightened federal spending, will be replaced by the real estate investment trust's chief operating officer, Stephen E. Budorick.

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Sales pace surprises at Four Seasons condos

The owners of Prime Building Advantage are known for sales at Baltimore's elite, new condominium buildings: the Ritz-Carlton, Silo Point, the new towers at HarborView.

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Tax assessment appeals persist in Baltimore

As the state deadline to file appeals of property assessments looms, officials are preparing for a flood of petitions — particularly in Baltimore, where property owners routinely appeal their tax assessments at rates double or triple the statewide average.

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Wells Fargo agrees to $16.2M settlement in kickback case

Wells Fargo has agreed to pay about $16.2 million to customers to settle claims over a kickback scheme involving an Owings Mills title company, according to an agreement filed Thursday in U.S. District Court for Maryland.

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More than 1,000 Marylanders eligible for relief in $470M HSBC settlement

More than 1,000 Maryland borrowers who lost their homes to foreclosure after working with HSBC bank on loans are eligible for payments under the terms of a $470 million settlement reached with the British firm over abusive lending practices, Attorney General E. Brian Frosh said Friday.

The agreement between HSBC North America Holdings Inc. and the U.S.

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