California, New York considering foreclosure-abuse deal
BY: Associated Press
POSTED: February 6, 2012
Tags: ally financial, Bank of America, california, ctigroup, foreclosure abuse, households, JPMorgan Chase, mortgage, mortgage lenders, new york, state attorneys general, wells fargo
WASHINGTON — California and New York were considering Monday whether to join most other states in backing a long-awaited settlement with banks over foreclosure abuses. The deal would require the five largest mortgage lenders to reduce loans for about 1 million households.
State attorneys general have set a deadline of the end of Monday for states [...]
Changes to Harbor Point TIF district proposed 
BY: Melody Simmons
POSTED: February 5, 2012
Tags: Baltimore, bridge, central avenue, exelon, h&s properties inc., Harbor East Development Group LLC, Harbor Point, M.J. “Jay” Brodie, maryland, tiff
In the wake of Exelon Corp.’s decision to locate its Baltimore headquarters at Harbor Point, the city’s development agency is seeking to fast-track consideration of broadening the scope of a 27-acre tax increment financing district there approved a year ago.
The move is part of sweeping changes proposed for Harbor Point that include the $120 million [...]
N.Y. attorney general sues banks in foreclosure effort
BY: Associated Press
POSTED: February 3, 2012
Tags: Bank of America, democrat, Eric Schneiderman, foreclosure, j.p. morgan chase, justice department, lawsuit, mers, MERSCORP Inc., new york, wells fargo
ALBANY, N.Y.— New York’s attorney general on Friday accused some of the nation’s largest banks of deceit and fraud in using an electronic mortgage registry that he said puts homeowners at a disadvantage in foreclosures while saving banks over $2 billion.
Democrat Eric Schneiderman sued Bank of America, J.P. Morgan Chase and Wells Fargo over their [...]
20-building portfolio in Columbia sold
BY: Daily Record Staff
POSTED: February 3, 2012
Tags: AMB Property Corp., building, Cassidy Turley’s Capital Markets Group, Columbia, columbia gateway business park, investor, maryland, new england, portfolio, sale
Cassidy Turley announced the sale of the Prologis (formerly AMB Property Corp.) office/flex portfolio in Columbia.
The 588,009-square-foot portfolio consists of 20 buildings in three business parks (Columbia Gateway Business Park, Columbia Business Center and Oakland Ridge).
Jonathan Carpenter and James Wellschlager of Cassidy Turley’s Capital Markets Group represented the seller, Prologis.
A New England-based institutional investor purchased [...]
Real Estate Weekly – 2/3/12: Pepco agrees to purchase WaterShed house
BY: Daily Record Staff
POSTED: February 3, 2012
Tags: commercial real estate, foreclosure, hanover, housing, leases, market, mortgage, office buildings, pepco, real estate weekly, SECU, Tecore Networks, watershed house
Pepco agrees to purchase WaterShed house
Pepco, the Arlington, Va.-based energy company, agreed to buy WaterShed, the prize-winning solar-powered house that earned the University of Maryland top honors in an international solar energy competition sponsored by the U.S. Department of Energy. Pepco plans to reassemble the now-disassembled house, which was designed and built by UM students, [...]
Realities of Real Estate: The health of the market; looking back and going forward
BY: Bob and Donna McWilliams
POSTED: February 3, 2012
Tags: case-shiller, consumer confidence index, Foreclosures, housing, index, market, realities of real estate, sale, standard & poor's
Every so often we look at the overall performance of the real estate markets, and based on what the numbers tell us, try to glean a glimpse of what the future might hold. As with many things, the beginning of a new year is an appropriate time to get some fresh perspective.
In evaluating the market, [...]
J.C. Penney coming to Abingdon retail center
BY: Daily Record Staff
POSTED: February 2, 2012
Tags: abingdon, boulevard at box hill, j.c. penny, joe's crab shack, mackenzie retail llc, panera bread, PNC Bank, Retail, wegman's
A J.C. Penney department store will be the second anchor store at the Boulevard at Box Hill shopping center in Abingdon, MacKenzie Retail LLC, the leasing agent, announced.
The national retailer will join the existing anchor, a Wegmans supermarket, upon completion of construction of an 85,775-square-foot store in early fall 2012. In addition to Wegmans, the [...]
COPT sells 5 White Marsh office buildings
BY: Daily Record Staff
POSTED: February 2, 2012
Tags: buildings, Corporate Office Properties Trust, honeygo boulevard, Real Estate, real estate investment trust, sale, white marsh
Corporate Office Properties Trust, of Columbia, announced it sold five buildings in the White Marsh area for $19.2 million. The buildings contain approximately 163,000 square feet of space and were 83.2 percent leased as of Dec. 31, 2011.
The properties are at 7930 Honeygo Blvd; 8133 Perry Hall Blvd.; 7923 Honeygo Blvd.; 8114 Sandpiper Circle; and [...]
Rate on 30-year mortgage falls to record 3.87 percent
BY: Associated Press
POSTED: February 2, 2012
Tags: fixed mortgage, freddie mac, home-loan, housing market, Mortgage Bankers Association, mortgage rate, rate, Unemployment, washington
WASHINGTON — The average rate on the 30-year fixed mortgage fell this week to a record low, the ninth time that has happened in the last year. Even with the cheapest rates in history, the housing market remains depressed.
Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan dropped to 3.87 percent [...]
Obama proposes broader housing refinance plan
BY: Associated Press
POSTED: February 1, 2012
Tags: administration, Congress, fannie mae, Foreclosures, freddie mac, housing, mitt romney, mortgage, plan, president barack obama, president obama, Real Estate, refinance, united states
FALLS CHURCH, Va. — President Barack Obama called on Congress Wednesday to make it easier for millions of additional homeowners to refinance their mortgages at lower interest rates even if they owe more than their homes are worth. He conceded that his administration’s housing plans so far have not lived up [...]
Dolan Business Books
Lawyers Weekly Books