Mixed-Use Project Planned for New Braunfels, Texas
June 1, 2023
Offshore-Drilling Contractor to Relocate Houston HQ
June 1, 2023
City: Baltimore
Vivo Buys Former Hotel Property in Baltimore
Multi-Housing News Vivo Investment Group has acquired the dual-branded Holiday Inn and Radisson Hotel complex with 710 units in downtown Baltimore. The price was not disclosed. The local investor plans to convert the property, which encompasses an entire city block ...
Partnership to Spend $34Mln Converting Baltimore Office Building into Apartments
Multi-Housing News A partnership of residential developer Trademark Properties and local investor Prab Thangarajah plans to spend $34 million converting the former Fidelity & Deposit Building in downtown Baltimore into 220 apartment units. The venture, represented by Byrnes & Associates ...
Expected Losses from Baltimore Mall Loan Prompt Kroll to Downgrade 2013 CMBS Deal
Kroll Bond Rating Agency has downgraded three classes of WFRBS Commercial Mortgage Trust, 2013-C14, because of losses it has estimated will eventually result from the resolution of at-risk collateral loans. The rating agency has classified six of the $1.11 billion ...
CIT Bank Lends $39.6Mln Loan Against Baltimore, Md., Industrial Property
CIT Bank has provided $39.6 million of mortgage financing against the Southside Logistics Center, a two-building industrial property with 483,000 square feet that's under construction in Baltimore. The financing facilitated the property's purchase by an affiliate of Clarion Partners of ...
Food Distributor Expands in Mid-Atlantic with 175,000-SF Warehouse in Baltimore
East Coast Warehouse and Distribution is building a 175,000-square-foot warehouse as part of the Tradepoint Atlantic Logistics Center at Sparrows Point in Baltimore. The Elizabeth, N.J., logistics company expects to finish the temperature-controlled facility in June. It's being built on ...
Health Insurance Company Renews 215,000-SF Office Lease in Baltimore
Baltimore Business Journal CareFirst has agreed to extend its lease for 215,000 square feet of office space at Canton Tower, a 481,000-sf office property in Baltimore. The health insurance company will continue to occupy seven floors of the property, at ...
Armada Hoffler Buys 90 Percent Stake in Baltimore Mixed-Use Complex
Armada Hoffler Properties Inc. has acquired a 90 percent stake in the Exelon Building, a mixed-use property with 444,000 square feet of office space, 103 apartment units, a 750-space parking garage and 38,500 sf of retail space in Baltimore. The ...
Brookfield Buys Baltimore Apartments for $73.6Mln
Baltimore Business Journal Brookfield Properties has paid $73.6 million, or $328,571/unit, for the 224-unit Bainbridge Federal Hill apartment property in Baltimore. The New York investor bought the property from Bainbridge Cos. The property, at 1110 Key Highway, has studio, one-, ...
Pimco Lends $62Mln Against Student-Housing Property Near Johns Hopkins University
Pacific Investment Management Co., or Pimco, has provided $62 million of financing to facilitate HH Fund's purchase of Nine East 33rd St., a 157-unit student-housing property at the main entrance to the Johns Hopkins University campus in Baltimore. The loan ...
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Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
