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BALTIMORE BRIEFS:
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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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REAL ESTATE NEWS:
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District Looks for Partner $170 Million Redevelopment
According to reports from GlobeSt.Com, the District government is seeking a partner for its latest redevelopment project, a $170 million rebuilding of the Park Morton public housing complex on the Georgia Avenue Corridor.
Management Services Pens Office Space Deal
The State Teachers Retirement System of Ohio, owners of Ballston Station, have inked a deal to lease with Management Sciences for Health to occupy 37,791 sq. ft. in the building, reports from GlobeSt.com show.
College Park May Undergo East Campus ‘Renaissance’
Reports from the Maryland Department of Transportation say the East Campus portion of College Park, Md, which currently houses a few maintenance buildings and a bus depot, may be transformed into a thriving district with retail sites, a Birchmere Music Hall, movie theatre and housing.
Lerner Breaks Ground on Local Hotel
Lerner Enterprises is beginning construction on its latest hotel development in Rockville, Md., reports from GlobeSt.com report. The edifice will be a two-tower structure with 199 rooms divided between two brands.
Local Warehouse Converting to Luxury Living Space
An affiliate of Erkiletian Construction Company recently acquired a warehouse in Alexandria, Va. For $18 million, or $182 per sq.ft, reports from GlobeSt.com report.
Starwood Land Teams with Penrose
According to reports from GlobeST.com, Florida-based residential real estate investment firm Starwood Land Ventures recently formed a joint venture with the locally-based group Penrose Group.
Homeless Relief Group to Build Mega Site
A Baltimore group providing assistance for the homeless is expected to start construction on a $15.5 million facility that will offer healthcare and social training for the area’s homeless population, a report from the Baltimore Business Journal says.
Home Prices Continue Decline in Metro Area
Home prices in the Baltimore metropolitan area continued a steady decline for the ninth straight month in July, data released from Metropolitan Regional Information Systems Inc reports.
Parking Expansion Gives Relief in Aberdeen
In hopes of relieving a sever parking crunch at Aberdeen’s MARC station, the Maryland Transit Administration has proposed the addition of 165 parking spaces,...
City Pushes Westport Deal
A year after Baltimore passed a law intended to maintain affordable housing for working-class families, City Hall is attempting to create at least 200 affordable homes and apartments near the residential project proposed for the Westport neighborhood,...