REBusinessOnline

JLL Arranges Sale of 347-Unit Apartment Tower in Baltimore’s Inner Harbor District

BALTIMORE — JLL has arranged the sale of 225 North Calvert, a 347-unit, 17-story apartment tower in the Inner Harbor district of downtown Baltimore. Broadshore Capital Partners, in a joint venture with an undisclosed investment partner, purchased the property for an undisclosed price. Scott Clukies of Broadshore led the firm on the sales transaction. Walter Coker, Brian Crivella and Robert Jenkins of JLL represented the seller, CP Capital US, formerly known as HQ Capital Real Estate.225 …

Amazon to Open New Delivery Stations, Career Center in Mid-Atlantic

SEATTLE — Amazon is expanding its presence in the Mid-Atlantic by opening several new delivery stations and a career center in Maryland and Virginia.The first facility set to open is a 72,000-square-foot delivery station located at 2100 Van Deman St. in Baltimore, Amazon’s first delivery station in Baltimore City. The e-commerce giant also plans to open a 194,000-square-foot facility at 7226 Preston Gateway Drive in Hanover, Md., which will be Amazon’s third delivery station in the …

Walker & Dunlop Bolsters Affordable Housing Business with $696M Acquisition of Alliant Capital, Affiliates

BETHESDA, MD. AND WOODLAND HILLS, CALIF. — Walker & Dunlop (NYSE: WD) has entered into a definitive agreement to acquire Alliant Capital Ltd., a privately held affordable housing asset management firm based in Woodland Hills. Under the terms of the purchase agreement, Walker & Dunlop will acquire Alliant and its affiliates, Alliant Strategic Investments and ADC Communities, at a total value of $696 million.Alliant is the sixth-largest syndicator of low-income housing tax credits (LIHTC) …

PRP Sells Four Office Campuses for $1B, Makes $2B Commitment for Logistics and Data Center Acquisitions

WASHINGTON, D.C. — PRP, a privately held real estate investment and management firm based in Washington, D.C., is making a sea change as it looks to bolster its logistics and data center portfolio and churn its office assets. The company is in the process of selling four office campuses in separate deals totaling more than $1 billion.At the same time, PRP is allocating $2 billion to acquire logistics facilities leased to credit-worthy companies in primary and secondary markets, as well as …

Peak Management Acquires Ruxton Towers Apartments Near Baltimore for $35.6M

TOWSON, MD. — Peak Management LLC has acquired Ruxton Towers Apartments, a 144-unit multifamily community in Towson, for $35.6 million. The seller was not disclosed. CBRE represented the buyer and seller in the transaction.Located at 8415 Bellona Lane in Baltimore County, Ruxton Towers features one-, two- and three-bedroom apartments ranging in size from 700 to 1,235 square feet. The property was approximately 99 percent leased at the time of the sale. More than half of the residential …

MacKenzie Arranges 28,800 SF Warehouse Lease in Northern Maryland

ELDERSBURG, MD. — MacKenzie Commercial Real Estate Services LLC has arranged a 28,800-square-foot industrial lease in Eldersburg for Hajoca Corp., a privately owned wholesale distributor of plumbing, heating and industrial supplies.The lease is for warehouse space in Londontown Business Center, which is located at 1332 Londontown Blvd. Hajoca will be relocating from Baltimore City. Dennis Boyle and Daniel Hudak of MacKenzie represented the landlord in the transaction.Londontown …

Greenberg Gibbons Adds Four Retailers at St. Thomas Shopping Center in Owings Mills, Maryland

OWINGS MILLS, MD. — Greenberg Gibbons has signed leases with four new retailers that are joining the St. Thomas Shopping Center in Owings Mills. The new tenants, Next Door Pharmacy, uBreakiFix and Boston Market will open this fall, and Michaels will open in fall 2022.Michaels, an arts and crafts retailer, will take up a 23,045-square-foot space near Baltimore Sports & Novelty. Next Door Pharmacy is a customer-centered pharmacy that offers free delivery, pet medications, compounding, …

Talonvest Capital Secures $45.5M Construction Loan for Self-Storage Project in Bethesda, Maryland

BETHESDA, MD. — Talonvest Capital Inc. has secured a $45.5 million construction loan to fund the ground-up development of a self-storage facility in Bethesda. Upon completion, the self-storage facility will feature a 131,559 net rentable square feet of climate-controlled space in approximately 1,560 units across nine levels. The project is expected to be completed in 2022.The loan features a low interest rate, a three-year term with an extension option and prepayment flexibility. Jim …

Trout Daniel Arranges Sale of Former Department Store in Baltimore, Buyer Plans Multifamily Conversion

BALTIMORE — Trout Daniel & Associates (TD&A) has arranged the sale of 300 West Fayette Street, a 120,000-square-foot building in Baltimore. The buyer, an entity doing business as 300 W. Fayette Finance LLC, is led by a local investment group. The company plans to redevelop the property into an apartment community. The sales price and seller were not disclosed.The property is a seven story building that formerly was a department store. The building will be converted into 107 …

WPC Tops Out 26-Story Apartment Tower in Silver Spring, Maryland

SILVER SPRING, MD. — Washington Property Co. (WPC) has topped out Solaire 8200 Dixon, a 403-unit apartment tower in the Ripley District in downtown Silver Spring. The general contractor, Clark Construction Co., is slated to deliver the first apartments in mid-2022. Architectural firm Design Collective designed the property.At 26 stories, Solaire 8200 Dixon will be Silver Spring’s tallest building, according to WPC. The property will feature the area’s first food hall and city market, …

Content Partners
‣ Bohler
‣ Lee & Associates
‣ NAI Global
‣ Walker & Dunlop

Webinars on Demand


Conferences


Subscribe to the newsletter

Read the Digital Editions

Midwest Multfiamily & Affordable Housing Business

Western Multfiamily & Affordable Housing Business

Texas Multfiamily & Affordable Housing Business

Southeast Multfiamily & Affordable Housing Business

Heartland Recent Issue

Northeast Recent Issue

Southeast Recent Issue

Texas Recent Issue

Western Recent Issue

Shopping Center Business

California Centers

Student Housing Business

Seniors Housing Business

Featured Properties  

2021 Finance Insight Video Interviews