Tag Archives

Mixed-Use Developments Winning the Retail Battles Across Metro Baltimore

Anxiety and hand-wringing about the future of retail were evident at this year’s ICSC RECon event, as developers, retailers and restaurant operators continue trying to make sense of the persistent march of online buying, while also looking to inject new enthusiasm into the bricks-and-mortar shopping experience. In the greater Baltimore metropolitan region, we are experiencing many of same issues as the balance of the country. But, like always, we believe this region has several built-in..

September 11, 2017

Job Growth, Proximity to D.C. Help Boost Baltimore Multifamily Rents, Supply

Historically overlooked along the East Coast, Millennial migration has symbolized the dawn of a new day in Charm City. The recent influx of a budding dynamic workforce to Baltimore’s urban core neighborhoods has driven the fourth largest increase in college-educated young professionals amongst metro areas nationwide. These young professionals followed substantial job migration resulting in a paradigm shift from Washington, D.C., and other major Mid-Atlantic employment centers...

October 24, 2016

Baltimore Industrial Revolution Fueled by Consumer Products Sector

Bigger — and strategically located — continues to be better in the Baltimore metropolitan region when it comes to the industrial real estate product sector. Blink your eye these days in Charm City, and you might miss the latest 100,000- to 500,000-square-foot transaction that transpired, fueled by the seemingly insatiable appetite among retailers to warehouse consumer products near large population areas and maintain same-day or next-day delivery models. Companies involved with the..

October 17, 2016

Experiential Retail Emerges as Significant Driver in Baltimore Metro Area

Not so many years ago, the typical consumer thought of visiting the nearby regional mall or neighborhood center to go shopping — possibly for a new pair of jeans or some shoes. Like everything else in this world, the internet has significantly altered this exercise and, today, people tend to think of retail centers as places to “experience” something that cannot be easily acquired or replicated by simply tapping on a keyboard to request it. Developers and retailers alike have adapted..

October 10, 2016

Morgan Properties Buys Four-State, 11-Property Multifamily Portfolio for $316M

KING OF PRUSSIA, PA. — Morgan Properties has purchased an 11-property multifamily portfolio that spans four states for $316 million. The assets, collectively known as Star Portfolio, contain a total of 2,826 units across Maryland, Pennsylvania, North Carolina and South Carolina. The transaction includes the Greens at Westgate in Pennsylvania; the Waterway and Forest Oaks in South Carolina; Falls Creek and Heather Park in North Carolina; and Silver Spring Station, Westerlee, the Willows,..

September 12, 2016

Construction Begins on $750M Mixed-Use Development in Metro Baltimore

WHITE MARSH, MD. — Construction has begun on Greenleigh at Crossroads, a $750 million component of Baltimore Crossroads, a 1,000-acre mixed-use development in White Marsh in the eastern section of Baltimore County. The completed Greenleigh at Crossroads will contain 1,000 single-family homes and townhomes, 500 multifamily units, three mid-rise Class A office buildings spanning 300,000 square feet, 128,000 square feet of single-story office space, 116,000 square feet of retail and a..

May 18, 2016

Baltimore Absorbs 3 Million Square Feet of Industrial Space in 2015

For the fifth straight year, the Baltimore industrial market ended the year with a positive net absorption, with improvements continuing in both rental rate growth and overall fundamentals. While not overly robust compared to other areas of the country, such as Ontario, Calif., Atlanta, New Jersey and Central Pennsylvania, the Baltimore market absorbed almost 3 million square feet of industrial space in 2015. This sustained growth trend is attributed to a steady, albeit choppy, stream of..

May 16, 2016

Marriott International Agrees to Buy Starwood Hotels & Resorts for $12.2B

BETHESDA, MD. AND STAMFORD, CONN. — Marriott International (NASDAQ: MAR) has agreed to buy Starwood Hotels & Resorts Worldwide (NYSE: HOT) for $12.2 billion. The acquisition will create the world’s largest hotel company with 30 brands under its belt. The combined company will tout 1.1 million rooms in more than 5,500 hotels throughout more than 100 countries. The fee revenue for the 12 months that ended Sept. 30 totaled more than $2.7 billion across both companies. Efficiency,..

November 16, 2015

Baltimore City’s Retail Market Remains Hot, But Watch Out for the Suburbs

An apartment building boom is encouraging a consistent march of new residents to select sections of Baltimore City, and the construction of new retail venues to support this emerging audience has followed in lockstep. The last several years has seen the opening of stylish shopping centers featuring national anchor tenants such as Harris Teeter and Target, including The Shops at Canton Crossing, a 330,000-square-foot retail shopping center situated within the city’s east side, as well as..

October 12, 2015

Shifting Blocks of Space, Apartment Conversions Help Shape Baltimore’s Office Market

Three major storylines are playing out in Baltimore, the northern part of the one-two city punch that combines for more than 9 million people and forms the fourth-largest metropolitan region of the country. These three sub-plots each contribute to the larger vernacular of the Charm City story. The activity in the office sector is occurring against the backdrop of a robust warehouse/industrial market, as national companies are recognizing the attractiveness of the Port of Baltimore and..

October 5, 2015