Maryland Daily Record Maryland's trusted source for business and legal news

Billions of dollars the government is spending to help financially pressed homeowners avert foreclosure are passing through — and enriching — companies accused of preying on the people they're supposed to help.

The company set to operate a new luxury boutique hotel in a historic building downtown has not only pulled out of the project, but it also has given up on operating hotels altogether.

Gateway South, a large development site south of M&T Bank Stadium, has been handed over to Baltimore City Entertainment Group LP, one of the state

In the game of reworking mortgages for homeowners on the brink of foreclosure, some servicers are working up a serious sweat, while others haven’t even made it out of the locker room. Data released by the U.S. Treasury Department Tuesday ...

The Obama administration wants to shame the mortgage industry into doing a better job of helping borrowers avoid losing their homes to foreclosure.

PNC Financial Services Group announced Tuesday that it would provide $4.2 million in financing for a large East Baltimore housing project.

Construction spending rose for the second time in three months in June as residential building increased, fresh evidence that the battered housing sector may be recovering.

Vacancy rates in office spaces in downtown Baltimore were among the lowest for business districts nationwide last quarter, although more office buildings had open space than in the first quarter.

Corporate Office Properties Trust, the state’s largest private owner of commercial office space, reported a strong market position for the second quarter of 2009, with a 14 percent increase in funds from operations over the corresponding period last year.

Baltimore County is set to receive $48.8 million over the next year-and-a-half from the federal government as part of the American Recovery and Reinvestment Act stimulus package, which will allow major developers to purchase and renovate real estate and purchase new equipment.