Chasen Companies plans to deliver The Brixton, a $12 million mixed-use property featuring coworking space, in Fells Point next year, despite the shared office sector’s struggles amid the COVID-19 pandemic. The building is planned for the longtime vacant lot at ...
Read More »Landlords join tenant activists in pushing COVID-19 rent relief program
Calls for Gov. Larry Hogan to create a rental assistance program to stave off COVID-19 related evictions are growing, as some policy experts advocate for alternative solutions. The Baltimore City Council is expected to approve a resolution Monday calling on ...
Tagged with: Maryland business COVID-19
Read More »COVID-19 supply chain woes boost Tradepoint Atlantic
The COVID-19 pandemic exposed weaknesses in the supply chains of numerous businesses across a variety of industries, which benefits the ongoing redevelopment of Sparrows Point, a Tradepoint Atlantic executive said Wednesday.
Tagged with: Aaron Tomarchio Sparrows Point Tradepoint Atlantic
Read More »Marian House takes over Baltimore’s Woman’s Industrial Exchange building
The Woman’s Industrial Exchange, a nonprofit created during the Victorian Era to help women discreetly earn a living, has ceased operations and transferred its historic downtown building to Marian House. Marian House, which provides rehabilitative services and housing to homeless ...
Read More »COVID-19’s economic fallout hammers Maryland real estate
The housing market in Maryland’s two major metro areas continues trending down amid the COVID-19 pandemic, reflecting larger worries about the broader economy. Key metrics during the past three months, including the number of closed sales, pending sales, and new ...
Read More »Baltimore County plans eviction prevention initiative
Baltimore County is launching a $1 million effort to prevent evictions caused by the economic fallout of the COVID-19 outbreak. Residents who lost income due to the coronavirus pandemic and meet the criteria for assistance, such as income limits, will ...
Tagged with: Maryland COVID-19 respnose
Read More »Report: CRE market in Baltimore insulated from worst of impact
Commercial real estate services firm Newmark Knight Frank believes the market for office space in the Baltimore metro area remains well-positioned to navigate the economic fallout of the COVID-19 outbreak. The firm’s recently published summer outlook bases its relatively sunny ...
Read More »Titan dry dock set for repairs at Tradepoint Atlantic
A dry dock designed to repair U.S. Naval ships arrives in Baltimore Thursday to undergo its own repairs at Tradepoint Atlantic’s Sparrows Point facilities last used in 2017. Tradepoint Atlantic said the BAE Systems’ “Titan” dry dock is set to undergo ...
Read More »Survey: COVID-19 will be easier on CRE than Great Recession
The COVID-19 pandemic is expected to slow commercial real estate markets over the next two years, but the damage to the sector will fall short of what the industry suffered in the wake of the 2008’s Great Recession, according to ...
Tagged with: Maryland business COVID-19
Read More »Activists: Giving renters’ right to counsel would save Md. money
Every $1 spent providing legal services to low-income residents facing eviction generates a 624% return on investment for Baltimore and Maryland, according to a report released Monday. With hundreds of thousands of state residents out of work because of the ...
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