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Real Estate

Mortgage rates fall again; 30-year loan at 3.04%

FILE - In this April 1, 2020 photo, a "For Sale" sign stands in front of a home that is in the process of being sold in Monroe, Wash., outside of Seattle. U.S. home sales rose a record-breaking 24.7% in July, extending last month’s rebound after the coronavirus pandemic all but froze the housing market this spring, the National Association of Realtors said Friday, Aug. 21, 2020. (AP Photo/Elaine Thompson, File)

WASHINGTON — Mortgage rates fell for a second straight week amid signs of economic improvement. Mortgage buyer Freddie Mac reported Thursday that the benchmark 30-year home-loan rate declined to 3.04% this week from 3.13% last week. At this time last ...

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Walker & Dunlop arranges $56M financing for development of adaptive reuse project

Quarry Trails Apartments and Quarry Trails Townhomes and Flats

Bethesda-based commercial real estate finance company Walker & Dunlop Inc. Friday announced it arranged $55.5 million in construction and permanent financing for Thrive Companies’ development of Quarry Trails Apartments and Quarry Trails Townhomes and Flats, a 293-unit multifamily and 100-unit townhome project located within ...

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CBRE assigned leasing for new construction warehouse in Upper Marlboro

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Commercial real estate company CBRE was selected to lease Washington East Logistics Center a Class A new construction warehouse totaling 102,377 square feet in Upper Marlboro, the company announced Tuesday. On behalf of Lot 14 Collington Center, LLC, TSC Realty ...

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Lee & Associates to broker Carroll County’s Airpark Square

Airport Square consists of 115 Airport Drive (16,340 square feet of space); 125 Airport Drive (35,778 square feet of space); 1129 Business Pkwy. (27,000 square feet of space) and 1135 Business Pkwy. (32,527 square feet of space). The single-story buildings are cumulatively 65% leased. (Submitted photo)

Columbia-based commercial real estate brokerage and management firm Lee & Associates Maryland Tuesday was named exclusive leasing broker for Airpark Square, a four-building business community comprising nearly 112,000 square feet of commercial office space in Westminster. Positioned adjacent to the ...

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Hill Management reinvests $12M into properties amid COVID-19 shutdown

The Fairgrounds Business Center now sports a newly-installed green exterior facing to highlight its proximity fronting Greenspring Drive in Timonium. The asset was also refreshed with a roadside pylon and new tenant signage. (Photo by Jeffrey Sauers/CPI Productions)

The forced shutdown of businesses in response to the COVID-19 pandemic provided Hill Management Services LLC with the opportunity to accelerate its already ongoing building reinvestment strategy with with an investment of approximately $12 million. The Timonium-based real estate development ...

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RedfinNow launches in Baltimore market

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RedfinNow, the iBuying service from technology-powered real estate brokerage Redfin, launched its services in the Baltimore market. The service allows sellers to request a cash offer directly from Redfin and sell without the hassle of fixing up their homes or ...

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Competition among Md. homebuyers ‘just insane right now’

This home in the Rodgers Forge neighborhood in Towson sold in two days. "There's still such an extremely low amount of homes on the market ... the competition is just insane right now," Stephanie Bamberger, an agent at Cummings & Co. Realtors said. (The Daily Record/Patrick Brannan)

As the residential real estate market heads into a second spring selling season amid the COVID-19 pandemic, buyers, sellers and agents continue navigating a supply-starved market. Agents working in Maryland’s metro areas say the lack of inventory stretches across community ...

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Pandemic’s impact on commercial real estate varying by sector

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The pandemic has wreaked havoc on the commercial real estate market, according to national news reports that offer almost nothing but gloom and doom on the subject. The Federal Reserve last year singled out commercial real estate as especially weak. ...

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Construction industry faces another tough year

(The Daily Record file photo)

The construction industry, nationally as well as in Maryland, faces another tough year as the economic damage caused by the COVID-19 outbreak continues into the spring. Industry analysts expect less volatility in the construction sector in 2021, but number crunchers ...

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