Maryland real estate inches toward normalcy, but balanced market may be months off

August 16, 2021 Comments Off on Maryland real estate inches toward normalcy, but balanced market may be months off (access required)

Home sales in Maryland and nationwide have soared, with demand far outpacing the number of homes available, but recent data shows that trend may be easing.

Tagged with: home sales maryland Real Estate

Continental Realty adds to North Carolina multifamily portfolio with $76M purchase

August 16, 2021 Comments Off on Continental Realty adds to North Carolina multifamily portfolio with $76M purchase (access required)

Continental Realty Corporation, a Baltimore-based real estate investment and management company, has announced the expansion of its North Carolina multifamily portfolio with the acquisition of The Reserve at Mayfaire, an upscale 264-unit community in Wilmington, for $76 million. Formerly owned ...

Ruxton Towers Apartments in Towson acquired for $35.6M

August 11, 2021 Comments Off on Ruxton Towers Apartments in Towson acquired for $35.6M (access required)

Peak Management LLC announced it acquired Ruxton Towers Apartments, a multifamily community of 144 high-rise apartment units in Towson, for $35.6 million.

Tagged with: apartments Baltimore County housing Towson

Continental Realty Corp. cracks top 10 in national ranking of multifamily management companies

August 9, 2021 Comments Off on Continental Realty Corp. cracks top 10 in national ranking of multifamily management companies (access required)

Baltimore-based Continental Realty Corporation rose to the Top 10 in a national ranking of Experience & Performance Intelligence Quotient Index scores.

IPure Labs executes joint venture for Waldorf 2 commercial project

July 29, 2021 Comments Off on IPure Labs executes joint venture for Waldorf 2 commercial project (access required)

A subsidiary of Baltimore-based iPure Labs Inc. has secured an equity interest in the Waldorf 2 commercial real estate project in Prince George's County.

Tagged with: Development

The Goddard Companies complete purchase of Towson office buildings

July 27, 2021 Comments Off on The Goddard Companies complete purchase of Towson office buildings (access required)

Commercial real estate firm The Goddard Companies completed its purchase of 515 and 521 East Joppa Road in Towson with the plan to create completely renovated office buildings and rebranded under the Stonehouse Crossing name. Terms of the sale were ...

Home prices surge 17% in May, fastest in 17 years

July 27, 2021 Comments Off on Home prices surge 17% in May, fastest in 17 years (access required)

WASHINGTON — U.S. home prices registered the fastest growth in 17 years in May as surging demand for housing outstripped the supply. The S&P CoreLogic Case-Shiller 20-city home price index, released Tuesday, soared 17% in May from a year earlier ...

Tagged with: home sales housing Real Estate

New home sales fall 6.6% in June to lowest point in year-plus

July 26, 2021 Comments Off on New home sales fall 6.6% in June to lowest point in year-plus (access required)

Sales of new homes fell for a third straight month in June, dropping by 6.6% to the lowest level in more than a year.

Tagged with: home sales housing Real Estate

Existing home sales rise in June as prices reach new heights

July 22, 2021 Comments Off on Existing home sales rise in June as prices reach new heights (access required)

Sales of previously occupied U.S. homes rose in June, while strong demand for higher-end properties and ultra-low mortgage rates pushed prices to new highs.

Tagged with: home sales housing Real Estate

Office Properties Income Trust to redevelop Washington office building

July 22, 2021 Comments Off on Office Properties Income Trust to redevelop Washington office building (access required)

Office Properties Income Trust, a Maryland Real Estate Investment Trust, announced commencement of a redevelopment project in Washington, D.C.

Tagged with: Development washington d.c.