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Real Estate

$2B MTA budget gap worries Maryland transit activists

Transit activists are voicing their concerns about the Maryland Transit Administration’s projected $2 billion funding gap. The Central Maryland Transportation Alliance argues that the agency’s Capital Needs Inventory report, released in July, shows the state’s transit agency needs a funding ...

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Feds grant Baltimore $9.7M to tackle lead paint in private rentals

The federal government granted Baltimore $9.7 million on Thursday to aid city efforts to eliminate lead-based paint hazards from private low-income housing. Mayor Bernard C. “Jack” Young’s office said the U.S. Department of Housing and Urban Development will provide the ...

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Baltimore mayor wants Old Town Mall torn down

Baltimore Mayor Bernard C. “Jack” Young said he hopes a two-alarm fire that damaged part of the Old Town Mall clears the way for a planned redevelopment. Baltimore’s elected and economic development officials have long sought new building on the ...

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Reinvestment Fund’s Johnson talks challenges, recession and ‘cookie cutter’ projects

Reinvestment Fund connects investors looking to back projects benefiting communities in need of investment, and in Baltimore last year invested more than $30 million. Dana Jonson, the Reinvestment Fund’s managing director for Maryland and Washington,  spoke with The Daily Record for ...

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Baltimore picks NHP Foundation for $100M Park Heights redevelopment

Artist Derrick Adams returned to Baltimore’s City Hall on Wednesday roughly 30 years after winning a citywide art contest as an elementary school student growing up in Park Heights. Adams is displaying a few selections in the building that are ...

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Partnership buys trio of Savage buildings for $11.8M

A pair of local firms in partnership with Feldman Bergin Properties purchased a trio of Howard County buildings for $11.8 million. VersaTech Inc. and Long Fence and Home LLLP, according to the partnership, plan on relocating their headquarters to the ...

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Baltimore to name developer for 17 acres in Park Heights

Baltimore officials are slated to name the chosen developer next week for roughly 17 acres of city-owned property in the Park Heights neighborhood. The city has long sought to bring new investment to the neighborhood that borders Pimlico Race Course, home ...

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Baltimore’s Tuerk House aims to finish $10.2M overhaul

Tuerk House on Thursday celebrated the pending completion of the first phase of a planned $10.2 million overhaul of its facility in west Baltimore. Contractors are putting the finishing touches on a six-month $2.4 million project that created 42 new ...

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CEO: Selling stake in Greenberg Gibbons all about the future

Baltimore County-based developer Greenberg Gibbons Chairman and CEO Brian Gibbons said selling a large share of his company reflects a desire to expand the firm that specializes in town center-style mixed-use projects. Gibbons said selling 47.5% of the company to ...

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