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BALTIMORE Real Estate Briefs
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(February 12, 2009) - Home prices in the Baltimore area took the largest year-to-year drop in almost a decade in January, according to statistics released by Metropolitan Regional Information Systems Inc. (MRISI), a Rockville-based real estate listing company.
Baltimore’s most recent plans to refurbish Pratt Street may take more than a decade and cost upwards of $100 million, reports from baltimore.bizjournals say.
The Harry and Jeanette Weinberg Foundation recently announced its decision to contribute over $15 million to the second phase of a large redevelopment plan near Johns Hopkins medical center, reports from baltimoresun.com report.
(In a unanimous vote, Baltimore City’s spending board set aside $10 million to acquire land for the East Baltimore Development Inc.’s (EBDI) 88-acre, $1.8 billion redevelopment project, reports from baltimore.bizjournals.com reports.
Reports released by the Commerce Department on Wednesday show that the starts of new homes in the American South, which includes Virginia, Maryland and Washington, D.C., fell 7.4 percent in August from the previous month.
Reports from GlobeSt.com show that the Bethesda, Md.-based multifamily lender Green Park Financial has opened a new office in Baltimore. Patrick Boyle, the assistant vice president of the production group, says he expects the Baltimore office to close between $200 million over the next year.
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(November 11, 2009) - The Humanities Council of Washington, D.C., in conjunction with the National Trust for Historic Preservation, will host a House History Workshop at the Martin Luther King Memorial Library's Washingtoniana Room (9th and G streets, Northwest, third floor, on Nov. 21 from 10 a.m.-2 p.m.
(November 11, 2009) - The nonprofit Enterprise Community Partners will be holding free workshops beginning Nov.18 and 19 to educate clergy about how to develop affordable housing.
(May 18, 2009) - Dorsey & Whitney is relocating its Washington, D.C. practice from 1050 Connecticut Ave. to 1801 K St., a CBD office building that is nearly 600,000 square feet, GlobeSt.com reports.
(May 18, 2009) - CresaPartners is increasing the number of AP accredited professionals on its local staff, GlobeSt.com reports. The Washington-area office had four employees--Chris Finley, Chilton Griffin, Lauren Hodgin, Aaron Berkey--receive the special designation from the USGBC.
(May 18, 2009) - Whiting-Turner has been awarded a $133-million contract to build the District’s Consolidated Forensic Laboratory, a 287,000-square-foot, six-story structure that will ultimately cost the District $220 million including specialized equipment, GlobeSt.com reports.
(May 18, 2009) - An LLC has acquired a 50,000-square-foot office building in Gaithersburg, Md., for $9 million, GlobeSt.com reports. The purchaser, Broad Street Ventures LLC, founded by Michael Jacoby, simultaneously signed a 10-year lease with MedImmune to occupy the entire facility.
(May 18, 2009) - Walt Disney Co. plans to build a 500-room hotel on 15 acres at National Harbor in Prince George's County, the Washington Business Journal reports. Disney is reportedly paying $11 million for the land.
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