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Real Estate

Blueprint Local fund backs $140M Penn Station overhaul

Elected officials and community leaders have long pushed for the redevelopment of the area around Penn Station. (File photo)

Penn Station Partners has secured funding for its planned $140 million overhaul of Baltimore’s Penn Station from backer Blueprint Local — Blueprint’s first opportunity zone investment in the city. Blueprint Local is a joint venture between Brown Advisors and what ...

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Preakness bill reveals last-minute fixes, new provisions

Cloud Computing (2), ridden by Javier Castellano, second from left, wins142nd Preakness Stakes horse race at Pimlico race course as Classic Empire (5) with Julien Leparoux aboard takes second, Saturday, May 20, 2017, in Baltimore. (AP Photo/Matt Slocum)

ANNAPOLIS — Backers of a proposal to secure the Preakness Stakes’ future in Baltimore and build a year-round horse racing venue at Laurel Park were altering the bill until just before it was introduced. The flurry of late changes was ...

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Blue Ocean acquires 144-Unit multifamily community in Howard County

River Front Apartments, Savage, MD

Owings Mills-based real estate firm Blue Ocean expanded its footprint into Howard County Tuesday, acquiring The River Front Apartments in Savage. Terms of the deal were not disclosed. This 144-unit, gated, residential community is centrally located in Howard County at 8954 River Island Drive, ...

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Montgomery Park wants MIA lease voided

Montgomery Park had appeared to win the initial bid for the insurance agency’s lease until the state Board of Public Works issued its decision. (The Daily Record/File Photo)

Owners of Montgomery Park in southwest Baltimore asked the state’s contract appeals board Monday to void a lease approved by a spending panel, which includes Gov. Larry Hogan, to provide office space for the Maryland Insurance Administration. Maryland violated procurement ...

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Appeals panel sides with Montgomery Park in MIA lease fight

Montgomery Park had appeared to win the initial bid for the insurance agency’s lease until the state Board of Public Works issued its decision. (The Daily Record/File Photo)

A Department of General Services procurement officer failed to use proper discretion in nixing a competitive process to select an office lease for the Maryland Insurance Administration, the state’s contract appeals panel has ruled. The DGS procurement officer responsible for ...

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Montgomery Park argues that Md. spending board was misled

Montgomery Park had appeared to win the initial bid for the insurance agency’s lease until the state Board of Public Works issued its decision. (The Daily Record/File Photo)

The owners of Montgomery Park have asked the Maryland’s spending board to examine what they call inaccurate information provided to the board prior to voting in favor of a sole-source lease with Kornblatt Co. Operating as Montgomery Park LLC, developers ...

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St. John Properties signs full-building lease at BWI Tech Park

St. John Properties said it's signed an unnamed defense contractor to a full-building lease at 1500 W. Nursery Road in the BWI Tech Park. (Photo Courtesy St. John Properties).

St. John Properties Inc. said it has signed a full-building lease with an unnamed defense contractor for an 118,000-square-foot office property near Baltimore/Washington International Thurgood Marshall Airport. The lease is at 1500 W. Nursery Road, a four-story Class A office ...

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