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Housing construction slumps 7% in July
Home construction fell a sharp 7% in July as homebuilders struggled to cope with a variety of headwinds.
Crooked Crab Brewing Co. more than doubles its space in Anne Arundel County
Three years after signing its first lease in Anne Arundel County, Crooked Crab Brewing Company will more than double its space.
Maryland real estate inches toward normalcy, but balanced market may be months off
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.
Continental Realty adds to North Carolina multifamily portfolio with $76M purchase
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 by State Street Companies, the garden-style community is comprised of 12, three-story buildings and featu[...]
Ruxton Towers Apartments in Towson acquired for $35.6M
Peak Management LLC announced it acquired Ruxton Towers Apartments, a multifamily community of 144 high-rise apartment units in Towson, for $35.6 million.
Continental Realty Corp. cracks top 10 in national ranking of multifamily management companies
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
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.
The Goddard Companies complete purchase of Towson office buildings
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 not disclosed. There is approximately 40,000 square feet of combined office space of which 8,000 […]
Home prices surge 17% in May, fastest in 17 years
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 on top of a 15% jump in April. The May increase was the biggest since […]
New home sales fall 6.6% in June to lowest point in year-plus
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.
Existing home sales rise in June as prices reach new heights
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.
Office Properties Income Trust to redevelop Washington office building
Office Properties Income Trust, a Maryland Real Estate Investment Trust, announced commencement of a redevelopment project in Washington, D.C.
