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Real Estate

Activists warn that Maryland’s affordable housing crisis is only worsening

A sign on a house in Paterson Park indicates that it sold. (File)

Providing sufficient affordable housing in the Baltimore region amid rising home prices is reaching a crisis state, activists are warning. Roughly 70,000 lower-income renter households in the region need affordable units, according to Baltimore Metropolitan Council research released in late ...

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Multifamily housing developers emphasizing technology, amenities

Quail Ridge apartments is one of two White Marsh multifamily units purchased by Continental Realty Corp. for a total of $58.25 million. (Photo courtesy of Lawrence Howard & Associates Inc.)

Multifamily housing is now driven by offering multi-amenities, while in the near future, new high-tech platforms and discoveries in biophilic design will be incentives, say some Maryland developers. In luxury condominiums high above Locust Point, the future is now for ...

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Affordable housing activists seek control of Baltimore trust fund dollars

Destiny Watford, a Curtis Bay resident and organizer with Workers United, has played a leading role in securing the deal to subsidize the Affordable Housing Trust Fund. (Adam Bednar)

Activists who urged creating Baltimore’s Affordable Housing Trust Fund want the commission overseeing the multimillion-dollar reserve to adopt their recommendations for selecting projects to support. Advocates and some members of the Affordable Housing Trust Fund Commission raised concerns about Baltimore ...

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Liberty Harbor East developers set to deliver residences

Tom S. Bozzuto, chairman and co-founder of The Bozzuto Group, speaks to guests at the Renaissance Harborplace Hotel in Baltimore after being named the 2018 Business Leader of the Year by the Sellinger School of Business and Management at Loyola Maryland University. (Photo by Larry Canner Photography)

The development team behind the 22-floor Liberty Harbor East expects tenants to move into the apartment portion of the mixed-use project in Baltimore’s Harbor East this month and has launched sales of the tower’s condos. Tenants, so far, have rented ...

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Development around transit lines could grow

Metro Center Owings Mills

Dorsey MARC station and Reisterstown Plaza Transit Station are the next transit-oriented development (TOD) projects in focus for the Maryland Department of Transportation. The agency is also exploring the Odenton MARC station and considering TOD near Bowie State University, said MDOT’s Nimisha Sharma.

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Baltimore works on fix for home construction tax credit

Eric Costello

Baltimore homebuyers may be getting a second chance at taking advantage of a tax credit designed to boost newly constructed or renovated homes. After discovering that the 23-year tax credit expired on June 30, city leaders have been working to ...

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Madison Marquette completes merger, names new CEO

(The Daily Record / Adam Bednar)

Washington-based developer Madison Marquette completed its merger with The Roseview Group and named that firm’s CEO to the same position at the combined companies. The company, which built the One Light Street tower in downtown Baltimore, has been merging with ...

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Tufaro: State decision to keep MIA downtown ‘stinks to high heaven’

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 south Baltimore are fighting a decision to stop the Maryland Insurance Administration from moving from downtown to their property, and one stakeholder criticized a prominent local attorney’s role in the saga. Baltimore-based developer David Tufaro, ...

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Top-tier Baltimore office space benefits from slowing development

Some of the city's Class A office space can be seen by the Inner Harbor. (The Daily Record / Maximilian Franz)

Earlier this month Lieber Institute for Brain Development, Maltz Research Laboratories renewed its lease at 855 N. Wolfe St. in east Baltimore. The renewed lease, negotiated by JLL, allowed Lieber Institute to stay in its 50,000-square-foot space near Johns Hopkins ...

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Hunt Real Estate Capital refinances Baltimore multifamily property

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New York-based commercial real estate finance company Hunt Real Estate Capital announced Friday it provided a Fannie Mae conventional multifamily loan to refinance Porter Street Apartments, an apartment property in the Locust Point area of Baltimore. The loan features a 12-year ...

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