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Real Estate

Parker joins Rosso, leads new consulting services

Gene C. Parker Jr., president of Continental Realty Corp., teaches a CRU Executive Series session on commercial real estate leasing.  (Maximilian Franz/The Daily Record)

Gene Parker has joined Rosso Commercial Real Estate as a principal, leading the firm’s new business consulting services and helping expand brokerage services. Parker around the start of the year left his role as president of Continental Realty Corp. after ...

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Search for top cops continues as crime worries beset Baltimore businesses

FILE - In this Jan. 9, 2017 file photo, Fort Worth Police Chief Joel Fitzgerald speaks at a press conference to announce the discipline for Officer William Martin in Forth Worth, Texas. The Baltimore mayor’s nominee to be the city’s next police commissioner on Monday abruptly withdrew his name from consideration, the latest setback to the beleaguered force where leadership instability has become the norm. A terse announcement about Fitzgerald’s decision was first made in a Monday, Jan. 7, 2019,  tweet from the Fort Worth Police Department, the Texas municipal force he leads. They did not provide any details about his reasoning, only saying Fitzgerald decided to withdraw his name. (Rodger Mallison /Star-Telegram via AP, File)

Baltimore Mayor Catherine Pugh resets her search for a police commissioner as crime continues to worry local business leaders. Fort Worth Police Chief Joel Fitzgerald pulled out of the running for the job as the city’s top cop on Monday. ...

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Hogan unveils Maryland Opportunity Zone enhancements

"We have $240 million that the legislature played political games with and put into a fenced-off area, which we said repeatedly we're not going to allow them to play those kind of games," Gov. Larry Hogan said last week. (File Photo)

Gov. Larry Hogan released his plan to mold Maryland’s Opportunity Zones into the nation’s most competitive while addressing what some have called shortcomings in the federal program. A priority for his administration, Hogan said on Thursday, is ensuring the state’s ...

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Maryland jurisdictions scramble for Opportunity Zone investments

Odette Ramos, Executive Director of Maryland Community Development Network speaks in 2016.  (The Daily Record/ Maximilian Franz).

As the clock strikes midnight on New Year’s Day it will mark a critical juncture in a race among Maryland jurisdictions to entice Opportunity Zone investments. Opportunity Zones are essentially federally designated districts providing tax incentives to reinvest capital gains. ...

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Bridge Investment Group buys Station Square, plans coworking

Bridge Investment Group purchased Station Square in Silver Spring for an undisclosed amount on Dec. 28. The firm plans to invest $12 million in upgrades to the three building complex. (Photo Courtesy The Wilbert Group).

A subsidiary of Bridge Investment Group purchased Station Square office complex in Silver Spring, and plans $12 million in upgrades including a new coworking concept in one building. Bridge Investment Group, via its subsidiary Bridge Office Fund Manager LLC, purchased ...

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Howard County Executive Ball hopes to avoid Ellicott City demolition

Water rushes through Main Street in Ellicott City, Md., Sunday, May 27, 2018. After the floodwaters receded, emergency officials had no immediate reports of fatalities or injuries. But by nightfall first responders and rescue officials were still going through the muddied, damaged downtown, conducting safety checks and ensuring people evacuated. (Libby Solomon/The Baltimore Sun via AP)

Heather Beck, wearing a knit cap and a large scarf, leaned on her crutches outside of Sweet Elizabeth Jane on Main Street in Ellicott City on a sunny early winter afternoon and talked about the future of her hometown. The ...

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Stories of the Year: Full speed ahead for major projects, some sectors

Weller Development Co. officials unveiled plans for 3 million square feet of building in 'Chapter 1' of the $5.5 billion Port Covington development. (Rendering Courtesy Weller Development Co.)

Real estate development continued at a brisk pace throughout Maryland in 2018 even though the economic expansion of the past decade showed signs of slowing. A slew of new projects broke ground or continued building in the last year, aiming ...

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Plank foundation gives $100K to program run by former TIF opponent

Tom Geddes, CEO of Plank Industries, has been a key figure in the negotiations between the city, the developer and community activists seeking concessions in exchange for $660 million in tax increment financing to pay for infrastructure improvements at Port Covington. (File photo)

Under Armour CEO Kevin Plank’s foundation donated $100,000 to a program training struggling Baltimore residents, more than half returning from prison, to secure jobs with decent wages. The Plank Family Foundation contributed funds to the Turnaround Tuesday program operated byBaltimoreans ...

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Stubborn downtown crime worries Baltimore business coalition

The amount of leased office space north of Lombard Street downtown has decreased significantly during the last two decades. It peaked at 9.7 million square feet in 2006 and is now at 7.6 million square feet. (Maximilian Franz/The Daily Record)

Serious crime in Baltimore’s downtown remained relatively flat in 2018 compared to 2015, the year a citywide surge in violence followed in the wake of riots that rocked the city following Freddie Gray’s death from injuries suffered in police custody. ...

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Report: Baltimore, Washington to remain among nation’s largest urban economies

(appalachianview /Depositphotos.com)

Maryland’s two major metro areas project to remain among the nation’s cities with the largest economies by gross domestic product through 2035, according to a recent report. Baltimore, according to the global advisory firm’s “Global Cities report” will rank No. ...

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