The Real Estate Wonk

— Reporting on the places and spaces where Marylanders live, work and play —
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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'Ecodistricts' discussed for new Baltimore developments

'Ecodistricts' discussed for new Baltimore developments

It's hard to see a benefit in a high-profile redevelopment project being delayed four years, but Caroline Moore has found one.

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Auction for historic Trentham Mansion canceled

Auction for historic Trentham Mansion canceled

Update June 26, 12:30 p.m.: Representatives for seller Kevin P. Welsh said he is negotiating a private sale and canceled Thursday's auction. Agent Scott Frank declined to disclose the potential buyer before the deal has closed.

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New stores announced for Foundry Row

New stores announced for Foundry Row

The developers of the new $140 million, 50-acre Foundry Row shopping center in Owings Mills on Tuesday announced eight tenants for the complex.

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Caves Valley Partners grows from Baltimore roots

Caves Valley Partners grows from Baltimore roots

In less than decade, Caves Valley Partners has become one of the biggest players on the local real estate scene, with ambitious plans to reshape Towson and now South Baltimore.

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Housing market flat in May

Housing market flat in May

The number of homes on the market in the Baltimore region rose to the highest level in more than two years in May, while there was little change in the number of sales or the median price compared to last year, according to a monthly report published Tuesday.

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BJ's Wholesale Club planned for Southeast Baltimore

BJ's Wholesale Club planned for Southeast Baltimore

A new BJ's Wholesale Club could open in Southeast Baltimore by the end of next year, said a development firm that has been working to make the area a shopping destination.

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Beauty company brings nearly 70 employees to new Charles Street offices

Beauty company brings nearly 70 employees to new Charles Street offices

A unit of an international beauty company will relocate from Hanover to Baltimore City this summer, occupying nearly 15,000 square feet in a Charles Street building owned by attorney Peter Angelos.

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Baltimore firms plan apartments at former Martin Seafood building in Upper Fells Point

Baltimore firms plan apartments at former Martin Seafood building in Upper Fells Point

A collection of buildings in Upper Fells Point formerly occupied by Martin Seafood Co. are to be converted to apartments, the new owners said Thursday.

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Historic YMCA in Mount Vernon to become Hotel Indigo

Historic YMCA in Mount Vernon to become Hotel Indigo

A historic YMCA in Mount Vernon, once home to confessed Soviet spy Whittaker Chambers and a hotel run by the former Baltimore International College, is to become a 197-room Hotel Indigo, one of the new owners said.

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Money sought to fund $3.5 million makeover of Inner Harbor plaza

Money sought to fund $3.5 million makeover of Inner Harbor plaza

The Downtown Partnership of Baltimore is looking for money to fund the replacement of the deteriorating McKeldin Plaza fountain with trees and a grassy park by 2016.

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Parts of Baltimore office market in downtown core suffer

Parts of Baltimore office market in downtown core suffer

Real estate experts offered a gloomy view of the market for some of the office space in the core of downtown, telling the Baltimore Development Corp. Thursday it is becoming harder for owners of offices along the Baltimore and Charles Street corridors to find tenants.

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Anne Arundel warehouse occupied by Under Armour sells for $26.5 million

An Iowa-based real estate investment group has closed on a 352,850-square-foot Anne Arundel County warehouse occupied by Under Armour.

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Tribune Co. looks for partner to develop Port Covington parcels

Tribune Co. looks for partner to develop Port Covington parcels

The owner of The Baltimore Sun wants to find partners to develop about 37 acres of unused land next to the newspaper's printing plant in Port Covington.

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Site of proposed Hawthorne Place development sells for $8.5 million

Site of proposed Hawthorne Place development sells for $8.5 million

The 11-acre site of a long-planned residential development in Laurel sold Friday for $8.5 million, the new Rockville-based owner said.

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Baltimore's top properties for May [Pictures]

Baltimore's top properties for May [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 May. MRIS provided the ranking information and images for this list.

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Berkshire Hathaway brings brokerage service to Maryland

Berkshire Hathaway brings brokerage service to Maryland

There will be fewer of the familiar blue-and-white Prudential signs marking homes for sale across the Baltimore region next month as some are replaced with plum-colored signs bearing another storied name.

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Light Street office building sells for $1.6 million

Light Street office building sells for $1.6 million

Baltimore-based commercial real estate firm MCF Capital closed on a financially troubled Light Street office building for $1.6 million last month, according to land records and the company that arranged the transaction.

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Historic Bolton Hill church heads to auction

Historic Bolton Hill church heads to auction

The Baltimore-Washington Conference of the United Methodist Church plans to sell an 1881 church in Bolton Hill at auction next month.

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Baltimore region home sales dipped in April

Baltimore region home sales dipped in April

Home sales in the Baltimore region dipped slightly last month amid concern about a relatively weak housing market nationwide.

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Maryland launches new tax credit program

Maryland launches new tax credit program

The state has started a new tax credit program designed to help make home ownership more affordable for working families, Housing and Community Development Secretary Raymond A. Skinner said Thursday.

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Mixed-use development eyed for site opposite Hopkins Bayview

Mixed-use development eyed for site opposite Hopkins Bayview

The buyer of the Eastpoint Mall has deepened its investment in southeast Baltimore, purchasing a 20-acre parcel with a goal of mixed-use development.

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More townhomes planned for  Towson

More townhomes planned for Towson

A Virginia-based homebuilder said Friday it plans to erect 35 townhomes on land close to the Towson Town Center, with construction starting next year.

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Clean-up organized for Meadow Mill businesses hurt in flood

Clean-up organized for Meadow Mill businesses hurt in flood

A celebration planned for National Homebrew Day on Saturday will instead be a clean-up of the mess left by Wednesday's floods, which pummeled many businesses along the Jones Falls, including Nepenthe Homebrew.

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Harbor Point's Thames Street Wharf sells for $89 million

Harbor Point's Thames Street Wharf sells for $89 million

Beatty Development Group President Michael Beatty has sold the Thames Street Wharf office building in Harbor Point to a California-based real estate company for $89 million.

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City tax credit applications to move online

City tax credit applications to move online

Property owners could be able to apply for most city tax credits through an online system by the end of the year, a set-up designed to improve the accuracy of a process that has been troubled by errors, officials said Friday.

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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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