Maryland

MCB Signs Costco to Anchor $2.8B Viva White Oak Mixed-Use Development in Metro D.C.

by John Nelson March 3, 2026

SILVER SPRING, MD. — MCB Real Estate has signed Costco Wholesale to anchor Viva White Oak, a $2.8 billion mixed-use development in Maryland’s Montgomery County. Situated a little more than 12 miles northeast of Washington, D.C., Viva White Oak will span 280 acres near the headquarters of the U.S. Food and Drug Administration (FDA) and the Adventist HealthCare White Oak Medical Center in Silver Spring. The 162,000-square-foot store will be the fourth Costco within a 10-mile radius of Viva White Oak, according to MCB. Viva White Oak is approved for more than 12 million square feet of mixed-use development, including 5,000 new residences, both for-sale and rental, as well as new shops, restaurants, a hotel and medical office space. Last week, the Montgomery County Council unanimously approved its first-ever Tax Increment Financing (TIF) district to advance Viva White Oak. MCB says it will use the TIF to unlock about $320 million for infrastructure. According to MCB, Viva White Oak is expected to generate more than 17,000 construction jobs, 9,000 permanent jobs and an estimated $62 million in annual revenue for Montgomery County. Phase I is expected to generate $1.2 billion in value and $33 million in annual revenue.

March 3, 2026

Acquisitions Loans Maryland Multifamily Southeast

Colliers Arranges $232.7M in Acquisition Financing for 1,225-Unit Multifamily Portfolio in Maryland

by Abby Cox March 2, 2026

SUITLAND and LARGO, MD. — Colliers has arranged 232.7 million in acquisition financing for a three-property multifamily portfolio located in Prince George County. 29th Street Capital and Willton purchased the property for an undisclosed price. Shahin Yazdi and Jonathan Lee of Colliers arranged the five-year, fixed-rate loan on behalf of the buyers. The full-term, interest-only loan features a 70 percent loan-to-purchase price. Loan proceeds reassigned existing tax increment financing (TIF) agreements associated with Allure Apollo and Aspire Apollo. Allure Apollo and Aspire Apollo are adjacent multifamily communities located in Suitland, Md., and operate as a single residential campus totaling 801 units. The properties feature a mix of studio, one-, two- and three-bedroom units with a full suite of tenant amenities. Ascend Apollo, located approximately 10 miles away along I-495 near the Joint Base Andrews military facility in Largo, comprises 424 units with a similar unit mix and similar amenities such as a resort-style swimming pool with a sundeck, clubhouse, business center and fitness center, among others.

March 2, 2026

Acquisitions Maryland Retail Southeast

SVN | Miller Negotiates Sale of 21 Acres at Outlets Ocean City in Coastal Maryland

by John Nelson February 26, 2026

OCEAN CITY, MD. — The McClellan Team at SVN | Miller Commercial Real Estate has negotiated the sale of 21 acres of land underlying Outlets Ocean City, a 200,000-square-foot outlet mall in Ocean City. The outlet mall is subject to a long-term ground lease with leasehold improvements by the new ownership. The Elliott Family sold the land to the undisclosed buyer. The new ownership group has tapped the McClellan Team and Ryan Finnegan of SVN | Miller to lease Outlets Ocean City, which has six units available for lease. According to the property’s online directory, the outlet mall’s tenant roster includes American Eagle, Carter’s, Crocs, HomeGoods, J. Crew Factory, Mione’s Pizza, Old Navy Outlet, Outback Steakhouse, Rack Room Shoes, Skechers, Sunglass Hut and Under Armour, among other brands.

February 26, 2026

Leasing Activity Maryland Office Southeast

Colliers Arranges 69,408 SF Office Lease in Downtown Baltimore

by John Nelson February 24, 2026

BALTIMORE — Colliers has arranged a 69,408-square-foot office lease at 36 S. Charles St. in downtown Baltimore. Nathan Crowe and Katie Datin of Colliers represented the landlord, Zamir Equities, in the lease transaction. Nick Loiselle of CBRE represented the tenant, the State of Maryland. The state will utilize the space for its Supplemental Retirement Program, the Office of the People’s Counsel and the Public Service Commission. Other State of Maryland agencies that already occupy the property include the Office of Public Defender, the Department of Aging and the Department of Disabilities. The office building features an onsite fitness center, conference center, tenant lounge and 24/7 security.

February 24, 2026

Acquisitions Maryland Retail Southeast

CBRE Negotiates Sale of 293,099 SF Bowie Town Center in Maryland

by Abby Cox January 30, 2026

BOWIE, MD. — CBRE has negotiated the sale of Bowie Town Center, a 293,099-square-foot lifestyle center in Prince George County, bordering the eastern portion of Washington, D.C. A partnership between Nile Equity Group and Community Real Estate Co. purchased the property for an undisclosed price. Ryan Sciullo, Chris Munley, Colin Behr, Casey Smith and R.J. Mirabile of CBRE’s National Retail Partners Mid-Atlantic team represented the undisclosed seller in the transaction. Bowie Town Center was 86 percent leased at the time of sale to tenants including Bath & Body Works, Barnes & Noble, LA Fitness, Foot Locker, Famous Footwear, Lane Bryant, Macy’s, Pandora and Starbuck’s Coffee, among others.

January 30, 2026

Acquisitions Maryland Retail Southeast

IPA Negotiates Sale of 57,524 SF Shopping Center in Baltimore

by John Nelson January 21, 2026

BALTIMORE — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Highlandtown Village, a 57,524-square-foot shopping center located at 3800 E. Lombard St. in Baltimore. Built in 1987, the retail center was fully leased at the time of sale to tenants including Hazlo International Foods, Dollar Tree, Baltimore Bark House, Fishtail Wine and Song’s Beauty Supplies. The average tenant occupancy at Highlandtown Village exceeds 14 years, according to IPA. David Crotts and Dean Zang of IPA represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.

January 21, 2026

Development Maryland Retail Southeast Top Stories

Sphere Entertainment, Peterson Plan Smaller Sphere Venue in Metro D.C. Totaling 6,000 Seats

by John Nelson January 20, 2026

OXON HILL, MD. — Sphere Entertainment Co. (NYSE: SPHR), the owner and operator of the Sphere venue in Las Vegas that opened in 2023, is partnering with locally based developer Peterson Cos. for a smaller Sphere venue in National Harbor, a waterfront neighborhood in the Washington, D.C., suburb of Oxon Hill. The planned project represents the second Sphere entertainment venue in the United States and third in the world following the future Sphere’s completion in Abu Dhabi. “Our focus has always been on creating a global network of Spheres across forward-looking cities,” says James Dolan, executive chairman and CEO of Sphere Entertainment. The site for Sphere at National Harbor overlooks the Potomac River and would complement other National Harbor mainstays such as MGM National Harbor, a $1.4 billion casino that opened in 2016, Capital Wheel, Gaylord National Resort and Topgolf. The more than 300-acre National Harbor district welcomes approximately 15 million visitors nationally. At full completion, the Sphere venue will feature the Exosphere, which is the Sphere’s programmable LED exterior display, as well as 6,000 seats for concerts, immersive movie presentations and other events. The new venue’s seating volume represents about a third of the 18,600-seat capacity at the Sphere …

January 20, 2026

Acquisitions Maryland Retail Southeast

Mackenzie Brokers $57.5M Sale of Normandy Shopping Center Near Baltimore

by Abby Cox January 19, 2026

ELLICOTT CITY, MD. — Mackenzie Commercial Real Estate Services has brokered the $57.5 million sale of Normandy Shopping Center, a 185,000-square-foot shopping center located in Ellicott city, roughly 13 miles outside Baltimore. Owen Rouse and Tom Green of MacKenzie represented the seller, an entity doing business as Normandy Venture LP, and procured the buyer, Normandy National Pike LLC. Normandy National Pike is owned by the Singh family in Ellicott City. The five-building shopping center has been owned by the Moxley family since 1961, according to the Baltimore Business Journal. Normandy Shopping Center, which spans three separate parcels on a 25-acre site, houses more than 45 tenants, including Planet Fitness, Triveni Supermarket, Pinebrook Montessori Daycare, Bank of America, High’s Dairy Store and Kelsey’s Restaurant. Additional tenants at the center include Safesplash Swim School, Uptown Cheapskate and J&J Sew N Vac. The property also features a nearly 6-acre, undeveloped lot to allow for future expansion.

January 19, 2026

Acquisitions Company News Maryland Retail Southeast

MCB Real Estate Completes Acquisition of Epic Real Estate Partners

by John Nelson January 14, 2026

BALTIMORE AND AUSTIN, TEXAS — MCB Real Estate, a privately held commercial real estate investment management and development firm based in Baltimore with more than $4 billion in assets under management (AUM), has completed the acquisition of Austin-based Epic Real Estate Partners. The transaction includes the operation of 15 grocery-anchored shopping centers totaling just over 2 million square feet of retail space across 10 states, with a total portfolio value exceeding $575 million, as well as the operating company encompassing 13 professionals. The assets were cumulatively 92 percent leased and occupied at the time of the merger, and the ownership structure of all property-level limited partnerships stayed intact as part of the transaction. The new AUM, which average 150,000 square feet in size, include: “The Epic Real Estate Partners portfolio, consisting of institutional-quality and high-performing grocery-anchored retail shopping centers, aligns perfectly with our existing national portfolio, while also providing a strong foothold and strategic presence into new submarkets with extremely favorable long-term growth opportunities,” says P. David Bramble, co-founder and managing partner of MCB. “We have known and respected the Epic team for years, and it was extremely important to retain the professional talent at Epic as part of this transaction, …

January 14, 2026

Acquisitions Industrial Maryland Southeast Virginia

Newmark Arranges $203M Sale of 1.4 MSF Industrial Portfolio Across Maryland, Virginia

by Abby Cox January 9, 2026

BALTIMORE — Newmark has arranged the sale of a 1.4 million-square-foot Mid-Atlantic micro-bay industrial portfolio for $203 million. The portfolio includes 50 individual buildings and 600 tenants in the Baltimore-Washington corridor and Northern Virginia. Current tenants focus on local and regional distribution, light industrial, service-oriented and last-mile logistics uses. Ben McCarty, Cris Abramson, Nicholas Signor, Henry Pleszkoch and Sam Slater of Newmark arranged the transaction on behalf of an unnamed group of private sellers. Silverman Group was the buyer.

January 9, 2026

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