State: Maryland - MD

Commercial Real Estate Direct Staff Report The 662,708-square-foot office building at 100 East Pratt St. in Baltimore, which backs a $102.16 million CMBS loan, has had its appraised value slashed to $31.5 million. The 50-year-old building's prospects dimmed earlier this year ...

Commercial Observer Newmark has provided $67.5 million of Fannie Mae financing against the 386-unit Rockwell at Crown apartment property at 800 Rockwell Ave. in the Washington, D.C., suburb of Gaithersburg, Md. The property is owned by Sentinel Real Estate, which ...

Federal Realty Investment Trust has paid $187 million, or $389.58/sf, for the 480,000-square-foot retail portion of the Annapolis Town Center mixed-use complex in Annapolis, Md. The North Bethesda, Md., REIT acquired the space from PGIM Real Estate. It is 89% ...

Dallas Business Journal An affiliate of Ares Management has paid $80 million, or $100/sf, for the 800,000-square-foot warehouse building at 1000 Commerce Center Drive in Elkton, Md. The Los Angeles company purchased industrial property from a venture of Trammell Crow ...

Commercial Observer FPA Multifamily has paid $73 million, or $211,594/unit, for two apartment properties with a total of 345 units in Baltimore. The properties are The Lofts, with 193 units at 1901 South Charles St., and The Flats, with 152 ...

Commercial Observer Newmark has originated $81 million of Fannie Mae financing against the 350-unit EDE apartment property at 400 East Seventh St. in Frederick, Md. The property is owned by Goldstar Group of Bethesda, Md. The five-year loan, with a ...

The Baltimore-area office sector could be among the markets where the flight-to-quality phenomenon is most vivid. Nearly 450,000 square feet of space was leased during the second quarter, with 63% of that taking place at class-A properties.

Washington Business Journal Prime Finance Partners has teamed with MRP Realty to buy the four-building Bethesda Crescent office complex in Bethesda, Md., for $28 million, or $93.64/sf, at a recent foreclosure auction. Prime acquired a defaulted $76 million loan on ...