The Real Estate Wonk

— Reporting on the places and spaces where Marylanders live, work and play —
New owners plan renovation, apartments in Central Savings Bank

New owners plan renovation, apartments in Central Savings Bank 

Two Baltimore-area firms are planning to restore the historic Central Savings Bank in downtown, adding more shops and apartments to a once vibrant business district trying to reinvent itself as a hotbed of residential activity.

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Hebrew Orphan Asylum moves closer to redevelopment

Hebrew Orphan Asylum moves closer to redevelopment

The University System of Maryland Board of Regents voted Thursday to sell the vacant and deterioratedĀ former Hebrew Orphan Asylum in West Baltimore to the Coppin Heights Community Development Corp. for redevelopment as a community health center,...

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Home prices dip in August, as number for sale rises

Home prices dip in August, as number for sale rises 

The median home price in the Baltimore metro area fell in August for the second month in a row as the number of the homes on the market continued to rise, according to a monthly report published Wednesday.

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Start-up looks to solve start-ups' real estate problem

Start-up looks to solve start-ups' real estate problem 

When real estate professionals Alex Kopicki and Jeff Jacobson started a development firm roughly three years ago, they figured they knew what they were doing, so they were surprised by one of their biggest problems out of the gate.

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Ocean City looks to enforcement, rather than rental ban

Ocean City looks to enforcement, rather than rental ban

Ocean City will look to better enforcement to cut down on problems with rowdy visitors instead of a ban on short-term rentals, according to a city official.

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Demolition to start on Mechanic Theatre

Demolition to start on Mechanic Theatre

Work has begun on the major mixed-use development downtown that is to replace the Morris A. Mechanic Theatre with two glassy apartment towers and four floors of shopping, said a spokesman for Owings Mills developer David S. Brown Enterprises LTD .

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Daily Record to sell Saratoga Street building

Daily Record to sell Saratoga Street building

The Daily Record plans to sell its Saratoga Street home of almost 100 years and is looking downtown for “nicer,” “modern” offices for its 35 employees, publisher Suzanne Fischer-Huettner said Wednesday.

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Baltimore's top properties for August [Pictures]

Baltimore's top properties for August [Pictures]

Find out where Baltimore's most expensive homes on the market are and how much they are worth. Here's a list of most pricey new properties on the Baltimore market in August. MRIS provided the ranking information and images for this list.

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Institutions turning homes to rentals elsewhere steer clear in Baltimore

Institutions turning homes to rentals elsewhere steer clear in Baltimore 

For decades, nearly all homes were bought by individuals, but the collapse in prices brought on by the housing crunch and Great Recession attracted large investors looking to make money buying and renting single-family homes.

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Board changes at BDC as new president Cole steps in

Board changes at BDC as new president Cole steps in 

City Councilman William H. Cole IV appeared as the new president of the Baltimore Development Corp. at its board meeting Thursday, on a day when the mayor announced six new board members and the board approved three new projects for the city's west side.

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Efforts to help renters become homeowners continue

Efforts to help renters become homeowners continue 

As high prices, rising rents and tight credit requirements continue to make homeownership difficult for many families, some private and nonprofit developers are trying to find ways to make homeownership more accessible for renters.

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No decision made on O.C. rentals

No decision made on O.C. rentals

Ocean City officials plan to meet again after Labor Day to discuss tightening the rules around short-term rentals in some residential neighborhoods.

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Sail Cloth Factory apartments sell for $12.9M

Sail Cloth Factory apartments sell for $12.9M 

Philadelphia-based Delancey Street Capital said Tuesday it bought the Sail Cloth Factory apartments near the University of Maryland, Baltimore for $12.9 million last month, the firm’s fourth acquisition in the city.

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Listings climb, but sales fail to follow suit

Listings climb, but sales fail to follow suit 

The number of homes for sale in the Baltimore metro region climbed to the highest level in nearly three years last month, but closed sales failed to follow suit, a mismatch that reflects weakness in the housing market, analysts said.

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Klein, Dolben partner on Pasadena apartments

Klein, Dolben partner on Pasadena apartments

A Baltimore-based company and its Massachusetts partner plan to build 76 more apartments at the recently acquired Reserve at Stoney Creek development in Anne Arundel County, the firms said Wednesday.

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Home building struggles, some worry, for some time to come

Home building struggles, some worry, for some time to come 

Construction of new homes is lagging around the country, and Maryland is no exception.

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Judge finds Harborview board in contempt of maintenance order

Judge finds Harborview board in contempt of maintenance order

A Baltimore City Circuit Court judge has ruled that the Harborview condo association must pay the owner of one of the tower's penthouses more than $15,500 each month for failing to complete maintenance within a court-ordered deadline.

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Central Maryland Habitat for Humanity chapters merge

Central Maryland Habitat for Humanity chapters merge

Two of the area's Habitat for Humanity groups said Wednesday they plan to merge this fall, a move designed to ease fundraising and the coordination of volunteers.

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Harbor Point developers present plans for site's next building

Harbor Point developers present plans for site's next building 

Beatty Development Group said Thursday that it hopes to break ground early next year on its next building in Harbor Point — an 18-story complex with 285 apartments.

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Zillow to buy Trulia for $3.5 billion

Zillow to buy Trulia for $3.5 billion

Zillow Inc. announced plans Monday to acquire Trulia Inc. in a $3.5 billion stock deal that will combine two behemoths in the online home purchase and rental search business.

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Baltimore's top properties for July [Pictures]

Baltimore's top properties for July [Pictures]

Find out where Baltimore's most expensive homes on the market are and how much they are worth. Here's a list of most pricey new properties on the Baltimore market in July. MRIS provided the ranking information and images for this list.

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BDC backs Howard Street theater project

BDC backs Howard Street theater project

The board of the Baltimore Development Corp. voted Thursday to start exclusive negotiations to sell a set of city-owned properties in the 400 block of N. Howard Street to a group proposing to create a hub for small theater companies.

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BDC backs $28 million in bonds for One Light Street garage

BDC backs $28 million in bonds for One Light Street garage

A Light Street parking lot moved a step closer to redevelopment Thursday, as the board of the Baltimore Development Corp. backed the use of $28 million in parking revenue bonds to pay for a garage on the site.

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Owner of stalled Charles Street hotel site looks for buyer

Owner of stalled Charles Street hotel site looks for buyer

A historic Charles Street building -- which survived the Great Fire of 1904, but struggled more recently as plans for a hotel stalled during the recession -- is up for sale, again.

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Complaint alleges discriminatory maintenance of foreclosed homes

Complaint alleges discriminatory maintenance of foreclosed homes

A firm hired by Fannie Mae to maintain vacant, foreclosed properties in the Baltimore area systematically neglects homes in non-white neighborhoods, according to a discrimination complaint filed Tuesday with the U.S. Department of Housing and Urban Development.

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Officials to celebrate restoration of Columbus School

Officials to celebrate restoration of Columbus School

Officials are scheduled to meet Wednesday to celebrate the restoration of the long-vacant historic Columbus School, which re-opened as an apartment building this month.

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Harborview beacon to light up Baltimore skyline

Harborview beacon to light up Baltimore skyline 

HarborView Towers, a condominium complex on the Inner Harbor, aims to become an iconic part of the Baltimore skyline now that it has revamped the beacon atop its east tower.

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Auctions rise as city cracks down on code violations

Auctions rise as city cracks down on code violations 

Hundreds more problem properties in Baltimore are finding new buyers as the city steps up the use of decades-old law designed to root out negligent owners.

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City Council passes tax credits for apartment developers

City Council passes tax credits for apartment developers 

The Baltimore City Council passed a bill Thursday backed by Mayor Stephanie Rawlings-Blake to make 10 years of tax credits available citywide for developers of apartments.

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Continental Realty Corp. buys White Marsh apartments

Continental Realty Corp. buys White Marsh apartments 

Baltimore-based Continental Realty Corp. said Wednesday it has bought two apartment developments with a total of nearly 400 units in White Marsh for a total of $58.25 million.

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Five-story apartment, office building proposed near Canton square

Five-story apartment, office building proposed near Canton square 

Taylor Property Group wants to build a modern five-story apartment and office building on Linwood Avenue close to Canton's O'Donnell square.

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New group in early discussions with Westport developer

New group in early discussions with Westport developer 

Developer Patrick Turner is negotiating with a new group over his role in an ambitious mixed use development project he had planned for waterfront property in Westport.

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Sun Products to sell closed Baltimore factory

Sun Products to sell closed Baltimore factory 

Household products maker Sun Products Corp. said Tuesday it wants to sell its Baltimore manufacturing plant, which ceased operations in June.

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Natalie Sherman writes about commercial and residential real estate. Before joining The Baltimore Sun, she covered education, economic development and city politics for The Standard-Times in New Bedford, Massachusetts, and worked as an editorial assistant at the Boston Herald. Natalie grew up in Baltimore City. After graduating from Harvard College, she wrote for the Let’s Go travel guides in Argentina and Mexico, interned at Talking Points Memo and served as a researcher for CNN analyst David Gergen. She got her first taste of The Sun during a three-week internship in high school.

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