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Real Estate Weekly – 5/17/13

BY: Daily Record Staff
POSTED: May 17, 2013
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Bill_Holzman_2012.jpeg

HOPE program receives Access to Justice award The HOPE initiative, a program started by the administration of Gov. Martin O’Malley to preserve homeownership by helping prevent foreclosures, was awarded the Maryland Access to Justice Commission’s Executive Branch Award for 2013. Reginald Stanfield, director of the Office of Community Programs in the Maryland Department of Housing [...]


25th Street Station in flux (access required)

BY: Melody Simmons
POSTED: May 16, 2013
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The owner of the 25th Street Station site, above, says he has replaced the developer, while the developer insists he still has a contract.

Plans for 25th Street Station, a mixed-use development in Baltimore’s Remington neighborhood, took another detour Thursday as the property owner said he has unilaterally selected a new developer for the controversial project.


City sells row homes for less than half value (access required)

BY: Melody Simmons
POSTED: May 16, 2013
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The city valued the four properties at $8,500 each but sold them for a total of $15,000 to a restaurant owner who plans to rehabilitate them and convert them to rental units, according to Board of Estimates’ documents.

The city’s spending board this week sold four derelict Baltimore row houses in Oliver to a local investor for $3,750 each.


Housing starts fell in April but permits surged

BY: Associated Press
POSTED: May 16, 2013
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WASHINGTON — U.S. builders broke ground on fewer homes in April, one month after topping the 1 million mark for the first time since 2008. But most of the decline was in apartment construction, which tends to vary sharply from month to month. And applications for new construction reached a five-year peak, evidence that the [...]


State purchases historic Annapolis post office building (access required)

BY: Alexander Pyles
POSTED: May 15, 2013
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Main Annapolis post office

The Board of Public Works on Wednesday approved the state’s purchase of the 111-year-old Annapolis post office, which had been shopped by the financially struggling U.S. Postal Service.


O’Malley gets $271 unclaimed property check

BY: Associated Press
POSTED: May 15, 2013
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ANNAPOLIS — For once, Gov. Martin O’Malley got a pleasant surprise from Comptroller Peter Franchot at the start of a Board of Public Works meeting. Franchot presented the governor with a check for $271 from the comptroller’s unclaimed properties division Wednesday. O’Malley told the comptroller: “This is the first thing you’ve ever given me.” The [...]


Wilde Lake Center renovation to start (access required)

BY: Daily Record Staff
POSTED: May 14, 2013
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Wilde Lake Village Center, one of the original neighborhood shopping centers in Columbia, is to undergo a two-year renovation.


Alex. Brown Realty to build Utah hotels (access required)

BY: Daily Record Staff
POSTED: May 14, 2013
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Alex. Brown Realty Inc., of Baltimore, a privately owned real estate investment manager, in conjunction with two Utah-based companies, PEG Development of Provo and Blue Diamond Capital of Orem, announced plans to develop two hotels, a structured parking garage and mixed-use retail on a 3.26 acre development site in downtown Salt Lake City.


Unexpected third developer proposes $800M casino in Fort Washington (access required)

BY: Alexander Pyles
POSTED: May 10, 2013
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A surprise third entrant into the race for Prince George’s County’s lucrative casino license has added intrigue to a competition in which the winner will earn the right to operate what many expect will be the East Coast’s top casino.


Penn National proposes $700M casino at Rosecroft (access required)

BY: Alexander Pyles
POSTED: May 10, 2013
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Rosecroft Raceway

Penn National Gaming Inc. entered a bid Friday to build a $700 million casino at Rosecroft Raceway, setting up a battle with MGM Resorts International Inc., which hand-delivered its bid to state officials on Thursday.


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Newsmakers – Doug Gansler

Maryland Attorney General Doug Gansler sat down with Daily Record reporters and editors for our latest Newsmakers interview. Gansler spoke about his potential run for governor, the high-profile bills on gun control and the death penalty passed by the General Assembly and the challenges facing his office and the state of Maryland....

 
 
 
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