The Real Estate Wonk

— Reporting on the places and spaces where Marylanders live, work and play —
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...

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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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D. A. Davidson & Co. opens Baltimore office

D. A. Davidson & Co. opens Baltimore office 

Montana-based financial services firm Davidson Companies said this week its investment unit will open an office in downtown Baltimore focused on real estate investment banking, with the hope of creating a base from which to expand the company's East Coast presence.

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Caves Valley Partners asks $42 million for Light Street property

Caves Valley Partners asks $42 million for Light Street property

Towson developer Caves Valley Partners placed its 1111 Light Street building on the market last month, and is asking $42 million for the Federal Hill property, which houses apartments, stores and offices for budding tech firms.

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Baltimore-area home sales rise in June

Baltimore-area home sales rise in June

More homes sold in the Baltimore region in June than in any month for the last seven years, while median prices and available inventory also increased slightly, according to a report released Thursday.

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Construction to start on new Lutheran Village retirement community in Ellicott City

Construction to start on new Lutheran Village retirement community in Ellicott City

The developers of a new retirement community in Ellicott City are to break ground Thursday, nearly 10 years after their organization was given the land for the site.

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Law firm announces move to Pratt Street

Law firm announces move to Pratt Street

Baltimore law firm Shapiro Sher Guinot & Sandler said Tuesday it will move to new offices on Pratt Street in December, where it can consolidate operations on a single floor and design space to meet its current needs.

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Hanover warehouse sells for $18.71 million

Hanover warehouse sells for $18.71 million

An industrial property in Hanover currently occupied by Coca-Cola sold last month for $18.71 million, a sign of strength in the industrial market, said a broker who helped arrange the deal.

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State extends home loan program for veterans

State extends home loan program for veterans

The Maryland Department of Housing and Community Development said Tuesday it will extend for the long-term a program that offers reduced mortgage rates for veterans and active-duty military, while scaling back the initial incentive.

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Development catches up to Sharp-Leadenhall

Development catches up to Sharp-Leadenhall

Roland Brown likes to remember old Leadenhall Street and the people who lived there when he was a child: the Harts, Miss Mary, Emma Jane.

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Baltimore's top properties for June [Pictures]

Baltimore's top properties for June [Pictures]

Find how 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 June. MRIS provided the ranking information and images for this list.

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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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