Trophy homes typically take longer to sell than the average house, no matter how strong the market, but for sellers finally reaching the limit of their patience, putting the property on the block is next best option.
On June 10, Caves Valley Partners, a Towson-based development firm, announced a plan to build a $250 million mix of offices, apartments and stores on a three-block stretch of largely commercial properties in Sharp-Leadenhall. News of the project brought excitement to a community long overlooked for investment, while also reviving memories of the history of the broader neighborhood, where about 3,000 people were relocated and more than 300 inhabited homes demolished as part of urban renewal
Silicon Valley software giant Oracle Corp. announced a deal Monday to buy Micros Systems for $5.3 billion, eyeing the Columbia firm for its niche supplying technology to hotels, restaurants and retailers around the world.
Old Goucher neighborhood, named for the old Goucher College that moved to Towson in the 1950s, is trying to raise $2 million to turn the old campus south of Charles Village into a park area. Del. Maggie McIntosh is trying to help.
Developers planning an upscale outlet mall in White Marsh hope to clear a critical hurdle this week just as owners of nearby retail centers – including White Marsh Mall – are waging campaigns to halt the likely competitor.
A Towson-based company founded less than 10 years ago has emerged as one of the biggest players in the local real estate scene, drawing on its principals' deep ties to the area to build political and financial support for its plans.
The consultants hired to study the economic status and possibilities of key locations in Columbia, including most of the village centers, presented final recommendations from their report on Thursday evening.
City officials went shopping for deals at a Las Vegas retail real estate conference this week, looking for big name stores to locate here, even as one developer stopped work on plan for a Walmart in Remington.
Investors hailing from other markets, even those from the state that produced Silicon Valley and Hollywood, are readily overlooking opportunities in their own backyard in favor of placing capital in Baltimore. Why? Because the narrative surrounding Baltimore is beginning to shift.
At $341 per rentable square foot, the sale of the 8-story building to KBS Realty Advisors, sets a Baltimore record, said Bo Cashman, a senior vice president of the industrial properties group at CBRE, which represented Beatty Development in the transaction.
Merritt Properties now employs about 160 people and boasts the largest privately held commercial real estate portfolio in the state with 16 million square feet of space – much of it in warehouses—in 70 locations across the Baltimore/Washington region.
The real estate investment trust, which counts the U.S. government and major defense contractors as its biggest clients, reported no earnings per share in the first quarter of 2014, compared to 11 cents during the same period last year. Its funds from operations per share held steady year-over-year at 48 cents, and came in one penny higher than the company's previously issued guidance
The city is seeking development ideas for a 16-acre group of properties close to the Old Town Mall, an East Baltimore shopping strip that has been the target of revitalization efforts on and off for more than 40 years.
Charles Village Civic Association, in an effort to find good businesses to fill the many vacant storefronts in the area, is talking to a market research company called Spot Mojo, which specializes in that sort of thing and would help them identify potential businesses.
Howard Homer Walters, a retired civil engineer and former president of Bell Atlantic Properties, died of kidney failure April 1 at the BayWoods of Annapolis. The former Cape St. Claire resident was 83.
Baltimore's hotel market is at a crossroads as investments pour into properties new and old amid a nationwide pickup in business and leisure travel. As new hotels open, older properties scramble to remain competitive in a market in which demand for rooms remains healthy but has yet to rebound to pre-recession levels.
The Baltimore area saw fewer homes newly listed for sale in January and February than average for the beginning of the year, when sellers are usually positioning themselves for the important spring season.
A U.S. bankruptcy court is scheduled to decide Tuesday whether to grant more time to developer Patrick Turner, who has tried for 10 years to transform a piece of the Westport waterfront from grassy marsh to a bustling downtown neighborhood.
The Baltimore region's real estate market showed positive signs across almost all indicators last month, despite snowfall almost double the area average. And analysts said they expect the growth to accelerate as spring gets under way.
Five commercial properties are up for sale near the main street of Arbutus, including longtime businesses Leon's Triple L Restaurant and Lounge, and Center Court Tavern, presenting an opportunity for those looking to start a business in the area.