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

Abby Cox — Fri, 30 Jan 2026 15:48:24 +0000

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.

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

John Nelson — Wed, 21 Jan 2026 14:56:55 +0000

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.

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

John Nelson — Tue, 20 Jan 2026 13:00:00 +0000

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…

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

Abby Cox — Mon, 19 Jan 2026 13:31:19 +0000

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.

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MCB Real Estate Completes Acquisition of Epic Real Estate Partners

John Nelson — Wed, 14 Jan 2026 15:45:52 +0000

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,…

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

Abby Cox — Fri, 09 Jan 2026 13:38:11 +0000

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.

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CFG Provides $253.2M Bridge Loan for Skilled Nursing Portfolio in Maryland, Virginia

Abby Cox — Fri, 05 Dec 2025 14:24:54 +0000

BALTIMORE — Capital Funding Group (CFG) has provided a $253.2 million bridge loan for the refinancing of a skilled nursing portfolio. The portfolio includes six facilities in Maryland and one in Virginia. Together, the properties total 1,050 beds. Craig Casagrande, Scott Robinson and Catherine Mansel of Baltimore-based CFG originated the financing for the undisclosed borrower.

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Seven Hills Realty Trust Provides $37.3M Financing for Student Housing Community Near University of Maryland

John Nelson — Wed, 03 Dec 2025 15:05:03 +0000

COLLEGE PARK, MD. — Seven Hills Realty Trust has provided a $37.3 million loan for Mazza Grandmarc, a 628-bed student housing community located near the University of Maryland campus in College Park. The loan features an initial term extending through November 2028 with two 12-month extension options. The borrower was not disclosed. Seven Hills Realty Trust is managed by Tremont Realty Capital.

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MMCC Arranges $3.9M Acquisition Loan for Metro Baltimore Retail Strip Center

John Nelson — Wed, 03 Dec 2025 15:03:18 +0000

BEL AIR, MD. — Marcus & Millichap Capital Corp. (MMCC) has arranged $3.9 million in acquisition financing for The Shoppes at James Run, a 13,189-square-foot retail property located in Bel Air, approximately 25 miles northeast of Baltimore. Jared Cassidy of MMCC secured the 7-year loan on behalf of a private client. The loan features a 5.64 percent interest rate and a 25-year amortization schedule. The Shoppes at James Run features a mix of tenants including Starbucks Coffee, Chipotle Mexican Grill, Olive Garden, LongHorn Steakhouse, a café and an urgent care office.

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Finmarc Management Acquires Two Movie Theater Properties in Maryland, Virginia for $15.1M

Abby Cox — Mon, 24 Nov 2025 13:03:00 +0000

CENTREVILLE, VA. AND BRANDYWINE, MD. — Bethesda, Md.-based Finmarc Management has acquired a pair of retail properties leased by national movie operators in Virginia and Maryland for $15.1 million. EPR Properties was the seller. The first property, which spans 72,821 square feet, is located roughly 25 miles west of Washington, D.C., at 6201 Multiplex Drive in Fairfax County, Va. Cinemark Centreville fully leases the building, which features 12 screens. The second property is situated at 7710 Matapeake Business Drive in Brandywine and totals 60,000 square feet. The 14-screen theater is fully leased to Xscape Theatres.

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David S. Brown Enterprises Signs Three New Leases at Metro Centre Owings Mills in Metro Baltimore

Abby Cox — Mon, 24 Nov 2025 13:00:00 +0000

OWINGS MILLS, MD. — Locally based David S. Brown Enterprises has signed three new leases at Metro Centre Owings Mills, a mixed-use, transit-oriented development under construction in the Baltimore suburb of Owings Mills. Bakery-café chain Paris Baguette, Miss Toya’s Creole House and Royalty Dental are all scheduled to debut in 2026. In addition to the new lease signings, Japanese restaurant Chiimii Sushi & Sando recently opened at the property. Current tenants at the center include The Tillery, Hook & Reel, Toastique, World of Beer, Bee Inspired Goods, Club Pilates, Eggspectation and King Fu Tea. Upon completion of the mixed-use development, Metro Centre Owings Mills is expected to offer 150,000 square feet of retail and restaurants, 560,000 square feet of office space and 1,700 luxury apartments, along with a full-service hotel.

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PMZ Realty Capital Arranges $12M Loan for Hilton Hotel Property in Metro Baltimore

Abby Cox — Fri, 21 Nov 2025 15:00:08 +0000

BEL AIR, MD. — PMZ Realty Capital has arranged a $12 million bridge loan for Hilton Garden Inn Bel Air, an 83-room hotel located in Bel Air, roughly 30 miles northeast of Baltimore. A private lender provided the financing for the new bridge loan, which will replace the previous loan. The Hilton Garden Inn Bel Air features a heated indoor swimming pool, fitness center, complimentary Wi-Fi, free parking, electric vehicle charging stations, the Garden Grill & Bar hotel restaurant and 2,200 square feet of flexible meeting and event space.

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Northmarq Arranges $6M Sale of Apartment Complex in Baltimore

Abby Cox — Mon, 17 Nov 2025 16:02:53 +0000

BALTIMORE — Northmarq has arranged the $6 million sale of The Baltimorean Apartments, a 66-unit complex located near Johns Hopkins University in Baltimore. Ari Azarbarzin, Anthony Pino, Wallace Halpert and Jamie Grant of Northmarq represented the seller, an entity doing business as 2905 N. Charles Street LLC, in the transaction. Real Estate Dimensions was the buyer. This transaction marks the first time the property has been sold since 1994. Originally built in 1927, The Baltimorean offers a mix of studios, one- and two-bedroom apartments, with units averaging 385 square feet in size. The property features two elevators, a fitness room, management office and a laundry room.

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HWE Arranges Sale of 131-Room Residence Inn Hotel in Baltimore

Abby Cox — Fri, 14 Nov 2025 14:59:51 +0000

BALTIMORE — Hodges Ward Elliott (HWE) has arranged the sale of the Residence Inn by Marriott Baltimore White Marsh, a 131-room hotel property located within the White Marsh Town Center master-planned community in Baltimore. The hotel spans four floors and features a mix of amenities including a fitness center, outdoor swimming pool, sports court, meeting room and complimentary breakfast. Clint Hodges and Nate Ries of HWE represented the seller, an affiliate of American Hotel Income Properties REIT LP, in the transaction. The buyer and purchase price were not disclosed.

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MAG Partners Exits $5.5B Baltimore Peninsula Development Team

John Nelson — Mon, 03 Nov 2025 16:12:45 +0000

BALTIMORE — MAG Partners has announced its exit from the master development team of Baltimore Peninsula, a $5.5 billion mixed-use development underway in south Baltimore. The multi-phase, 235-acre development, formerly branded as Port Covington, is led by Sagamore Ventures, a developer founded by Under Armour’s CEO Kevin Plank, as well as Goldman Sachs Urban Investment Group and the City of Baltimore. MacFarlane Partners has also been a member of the development team since joining alongside MAG Partners in 2022, but the San Francisco-based firm has also left the project, according to the Baltimore Business Journal. The news outlet also reported that MAG Partners will stay involved in several office leases in the works alongside leasing agent Courtenay Jenkins of Cushman & Wakefield. In its departure statement, MAG Partners says the firm was involved in opening 1.1 million square feet of commercial space at Baltimore Peninsula and stabilizing 450 apartments since joining the development team in May 2022. The Baltimore Business Journal reports that Sagamore Ventures is seeking out development partners for the remaining phases of Baltimore Peninsula.

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Marcus & Millichap Brokers $9.1M Sale of Industrial Facility in Annapolis, Maryland

John Nelson — Mon, 03 Nov 2025 16:06:20 +0000

ANNAPOLIS, MD. — Marcus & Millichap has brokered the $9.1 million sale of an industrial facility located at 1812-1820 Margaret Ave. in Annapolis, about 30 miles east of Washington, D.C. The 41,059-square-foot, two-story facility sits on nearly 1.7 acres within the Annapolis Design District. The infill property, which was fully leased at the time of sale to six tenants, features open warehouse space with 22-foot ceiling heights, skylights and reserved parking. The facility also includes a 2,541-square-foot flex/showroom suite with a 600-square-foot office on the second level. John Faus and Bryn Merrey of Marcus & Millichap represented the seller and procured the buyer, a private investor, in the transaction. Both parties requested anonymity.

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Knott Realty Group Completes Two Baltimore County Industrial Buildings Totaling 276,000 SF

Abby Cox — Mon, 27 Oct 2025 14:04:13 +0000

ROSEDALE, MD. — Knott Realty Group has completed two industrial buildings located at 9107 and 9115 Yellow Brick Road within Rossville Industrial Park in Baltimore County. 9107 Yellow Brick Road totals 150,492 square feet and offers 46 dock doors, two drive-in doors and 226 parking spaces, while 9115 Yellow Brick Road comprises 125,791 square feet with 38 dock doors, two drive-in doors and 160 parking spaces. Rossville Industrial Park now spans approximately 1 million square feet across nine buildings. The new facilities feature tilt-up construction, 32-foot height ceilings, ESFR sprinklers, high-bay LED lighting and a seven-inch reinforced concrete slab, as well as energy-efficient roofs and HVAC systems. An outside storage lot is also available to support up to 29 trailer drops. Additionally, Knott Realty Group will incorporate solar panels on the rooftops of both buildings and apply for LEED certification. The project team included Baltimore Land Design Group, Geo-Technology Associates, Glen Arm Building Co., Lorax Partnerships, Morris & Ritchie Associates, Venable and Ware Malcomb, with support from Providence Engineering and Paragon Engineering.

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Newmark Provides $67.5M Agency Refinancing for Rockwell at Crown Apartments in Metro D.C.

Abby Cox — Fri, 24 Oct 2025 13:58:03 +0000

GAITHERSBURG, MD. — Newmark has provided a $67.5 million agency loan for the refinancing of Rockwell at Crown, a 335-unit multifamily apartment community located in Gaithersburg, roughly 20 miles northwest of Washington, D.C. Jim Badolato, Rob Cantazano, Greg Primiano, Deric Obeldobel and Elias Sulpizio of Newmark originated the financing through Fannie Mae on behalf of the borrower, Sentinel Real Estate. Completed in 2022, Rockwell at Crown offers a mix of one-, two- and three-bedroom units, with select layouts featuring dens and built-in desks. Amenities at the property include a resort-style swimming pool with sun shelf and cabanas, fitness center, electric vehicle charging stations, coworking areas and landscaped outdoor spaces.

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Walker & Dunlop Secures $40.5M Construction Financing for Affordable Seniors Development in Metro D.C.

John Nelson — Tue, 21 Oct 2025 14:44:02 +0000

HYATTSVILLE, MD. — Walker & Dunlop has secured $40.5 million in debt and equity for the construction of The Highlands, an affordable seniors housing development in Hyattsville, about seven miles east of downtown Washington, D.C. The borrower is a partnership between Community Housing Initiative Inc. and First Baptist Church of Highland Park. P.J. McDevitt of Walker & Dunlop originated the debt, which comprised an unfunded forward Freddie Mac TEL that Walker & Dunlop will service. The permanent loan is structured as a 30-month forward commitment with a 15-year term and 40-year amortization schedule. Macy Kisilinsky of Walker & Dunlop arranged the debt placement and equity syndication, a $12.3 million 4 percent LIHTC equity investment with United Bank. Prince George’s County Housing Investment Trust Fund and the Maryland Department of Housing and Community Development will provide additional subordinate financing. Situated on the First Baptist Church of Highland Park campus, The Highlands will feature one- and two-bedroom apartments that will be restricted to tenants age 62 and older. Five units will be reserved for households at 50 percent of the area median income (AMI) while the remaining 132 units will be restricted at 60 percent of AMI. Planned amenities include a dog…

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Seven New Retail Tenants Ink Leases at 1.6 MSF Annapolis Mall in Maryland

Abby Cox — Thu, 16 Oct 2025 12:57:29 +0000

ANNAPOLIS, MD. — Seven new tenants have signed leases to join Annapolis Mall, a 1.6 million-square-foot super-regional shopping center located in Annapolis, approximately 30 miles east of Washington, D.C. GOAT USA will open this fall, while Swarovski will follow this winter. OFFLINE by Aerie and Dick’s House of Sport will debut in summer 2026, with UNIQLO and Jack & Jones opening in fall 2026. Additionally, Fello will join the lineup in winter 2026. Meanwhile, existing tenant Talbots has expanded its space at Annapolis Mall and will open this winter. The inclusion of these tenants at the center will total roughly 300,000 square feet of retail space. Annapolis Mall features more than 200 retailers and restaurants such as Macy’s, Apple, Crate & Barrel, lululemon, H&M, Michael Kors, Tumi, Urban Outfitters, Free People, Foot Locker, Zara, Maggiano’s and The Cheesecake Factory, as well as a 12-screen AMC Theatres location. Centennial acquired Annapolis Mall in 2024.

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