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Civil lawsuit accuses Baltimore developers of fraud

Civil lawsuit accuses Baltimore developers of fraud

An investor is accusing local developers of fraud regarding the rehabilitation of properties in the North Central Historic District. San Francisco-based Foss and Co. filed a lawsuit in Baltimore City Circuit Court against Ibrahim Sheikh, Mohammed Ali Faroooq and Sameena Farooq , as well as the companies Station North Development LLC and Maryland Management & Restoration LLC seeking $75,000 in compensatory damages and undefined punitive damages. The lawsuit accuses Sheikh, with the knowledge of Sameena Farooq and Mohammed Ali Farooq, of knowingly providing false information to secure an investment. "Defendants' scheme was to induce Foss to invest money into the Station North Project, falsify documents and generate false invoices to justify the investment, make false representations to the federal and state governments regarding the level of costs to rehabilitate the Properties to generate Historic Tax Credits, and then sell the Properties and Land, and move on to their next scheme," according to the lawsuit.

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Merritt pitches Canton office space

Baltimore's architecture review panel told the architect of Merritt Properties LLC's proposed office tower at Canton Crossing the project could use more detail. The Urban Design and Architecture Review Panel received its first look at plans for the proposed building on Thursday. The design by Michael Burton, an architect at Urban Design Group LLC, calls for a masonry base at the bottom of the building that transitions into a glass facade on the office space above the building's garage. "It's almost like a glass cube sitting on top of the brick," panelist Richard Burns said.

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Superblock lawsuit hearing set for May

Superblock lawsuit hearing set for May

Continuing legal challenges over the redevelopment of the Superblock project continue as other projects in Baltimore's downtown West Side continue to gain momentum. The city has long wanted to spur development in the section of downtown that was once a prime shopping location.

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Poor quarter for D.C., Baltimore apartment markets, but outlook brightening

Poor quarter for D.C., Baltimore apartment markets, but outlook brightening

The first quarter of 2015 gives reason for optimism about the Class A apartment markets in the Baltimore metro market and the Maryland suburbs of Washington, D.C., according to a report from Delta Associates. But the quarter itself? Not good. In the report, Delta Associates, a Washington, D.C., based commercial real estate research firm, found that rents decreased and vacancy rates increased in both markets compared to the first quarter last year.

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When startups grow up, space a challenge

When startups grow up, space a challenge

Although more startups are expected to emerge due to an improving economy finding office space in the Baltimore metro market can still remain a mahjor challenge because of the flexibility in leases these companies require as well as where the firms are willing to locate.

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