Quantcast

Author Archives: Paul Samuel

News Briefs: PharmAthene, RegeneRx and Weatherbug

BIC offers scholarships Baltimore International College, a Baltimore-based culinary institute, and the American Academy of Chefs, the honor society of the American Culinary Federation, are partnering to offer two new scholarships, totaling $20,000 over four years, to high school students ...

Read More »

Real Estate Weekly: Pebblebrook Hotel Trust pays $87M for Philly property

Pebblebrook Hotel Trust of Bethesda, a lodging real estate investment trust, announced it has acquired the 306-room Sofitel Philadelphia Hotel in downtown Philadelphia. The purchase price of $87 million includes the assumption of a $56.1 million secured loan, with the ...

Read More »

Real Estate Weekly: WRIT closes acquisition of Gateway Overlook center

Washington Real Estate Investment Trust of Rockville has acquired a 214,281-square-foot Class A shopping center in Columbia for $88.35 million. The seller was General Growth Properties. Gateway Overlook is a 528,350-square-foot retail center anchored by Costco and Lowe’s Home Improvement. ...

Read More »

Real Estate Weekly: Merritt Properties breaks ground on new Aberdeen development

Merritt Properties LLC, a Woodlawn-based commercial real estate company, held a groundbreaking ceremony Monday for its new, 35-acre development site at 635-660 McHenry Road in Aberdeen. The property, which is less than two miles from Aberdeen Proving Ground, is planned ...

Read More »

Real Estate Weekly: General Growth Properties to sell Columbia shopping center

General Growth Properties emerged this week from the Chapter 11 bankruptcy that it had been operating under for the past 16 months, and announced that it will sell the Gateway Overlook Shopping Center in Columbia for a gross sale price ...

Read More »

Real Estate Weekly: Rubeling & Associates launches architecture education program

Rubeling & Associates, a Towson-based architecture and interior design firm, launched a new service to help private and independent schools determine and plan for enrollment changes over the next five or more years. Aimed at executive leadership and business management ...

Read More »

Real Estate Weekly: COPT sees drop in funds from operations

Corporate Office Properties Trust, a real estate investment trust based in Columbia, reported third-quarter funds from operations of $39.1 million, or 54 cents per diluted share, compared with FFO of $42.4 million, or 60 cents per diluted share, for the ...

Read More »

Real Estate Weekly: Legg Mason headquarters deemed LEED gold

Legg Mason Inc. announced that it has been awarded LEED (Leadership in Energy and Environmental Design) certified gold for the space it occupies at its headquarters in Harbor East. The base building has achieved Silver Certification. The certification is established ...

Read More »

Real Estate Weekly: Medifast opens two weight loss centers in Md.

Medifast Inc., an Owings Mills-based provider of dietary supplements and weight-control programs, announced the opening of two new Medifast Weight Control Centers in Maryland. The Columbia center, located in the MedStar Health Building, 5565 Sterrett Place, has approximately 1,500 square ...

Read More »

Real Estate Weekly: Baltimore’s central business district vacancy rate peaks

In its third-quarter Baltimore office market report, Cushman & Wakefield found that the Baltimore office market’s overall vacancy rate was 13.8 percent, an increase of less than half a percentage point from the second quarter. The central business district’s vacancy ...

Read More »