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Author Archives: Paul Samuel

Real Estate Weekly: Cushman & Wakefield office market report notes recovery signs

Cushman & Wakefield’s first-quarter office report for the Baltimore metro area shows the commercial real estate industry slowly climbing out of the economic hole caused by the Great Recession. The report notes that “signs of recovery were evident … as ...

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Real Estate Weekly: Pebblebook buys Boston hotel

Pebblebrook Hotel Trust, of Bethesda, has bought the W Hotel in Boston from bankrupt Sawyer Enterprises for $89.5 million. Under the agreement, an affiliate of Starwood Hotels and Resorts Worldwide will continue to operate the 235-room luxury hotel and its ...

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Real Estate Weekly: Havre de Grace distribution center sells for $26M

Cassidy Turley’s Baltimore office announced the sale of 1900 Clark Road, a 613,000-square-foot distribution center in Havre de Grace. The center sold for $26.4 million and is fully leased to The Sun Products Corp. through February 2016. Cassidy Turley’s Baltimore ...

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Real Estate Weekly: KLNB Retail lists East Baltimore development for sale

KLNB Retail Investment Sales has been awarded the exclusive sales listing for a portfolio of retail buildings at 2213-2241 E. Monument St. in Baltimore. The block-long development, located only two blocks from the Johns Hopkins Medical Center, contains eight separate ...

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What do Peeps, March Madness, beer and nonprofits have in common?

They’re all featured in this blog post, thanks to a variety of interesting business news developments Tuesday. Nonprofit employment grew 2 percent in 2009, compared to a statewide drop in total employment of 3.2 percent, according to “Nonprofits by the ...

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Real Estate Weekly: LaSalle Hotel Properties sees FFO drop

LaSalle Hotel Properties of Bethesda, a real estate investment trust that owns upscale and luxury full-service hotels, reported fourth-quarter funds from operations of $10.5 million, or 14 cents per diluted share, compared to $15.9 million, or 25 cents per share, ...

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Coca-Cola swallows Honest Tea

The Coca-Cola Co. of Atlanta has exercised its option to acquire the remaining portion of Bethesda-based Honest Tea Inc., an organic bottled tea company. Coca-Cola bought a 40 percent stake in Honest Tea in 2008 for $43 million. The companies ...

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