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Real Estate

First Washington Realty acquires 5 shopping centers in D.C. area

Bethesda-based First Washington Realty, Inc. announced the acquisition of five properties in the Washington, D.C., metro area. The terms of the transaction was not disclosed. The purchase includes Bradlee Shopping Center, Shoppes at Foxchase, Gateway Overlook, Olney Village Center and ...

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Activists warn that Maryland’s affordable housing crisis is only worsening

Providing sufficient affordable housing in the Baltimore region amid rising home prices is reaching a crisis state, activists are warning. Roughly 70,000 lower-income renter households in the region need affordable units, according to Baltimore Metropolitan Council research released in late ...

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Multifamily housing developers emphasizing technology, amenities

Multifamily housing is now driven by offering multi-amenities, while in the near future, new high-tech platforms and discoveries in biophilic design will be incentives, say some Maryland developers. In luxury condominiums high above Locust Point, the future is now for ...

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Affordable housing activists seek control of Baltimore trust fund dollars

Activists who urged creating Baltimore’s Affordable Housing Trust Fund want the commission overseeing the multimillion-dollar reserve to adopt their recommendations for selecting projects to support. Advocates and some members of the Affordable Housing Trust Fund Commission raised concerns about Baltimore ...

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Liberty Harbor East developers set to deliver residences

The development team behind the 22-floor Liberty Harbor East expects tenants to move into the apartment portion of the mixed-use project in Baltimore’s Harbor East this month and has launched sales of the tower’s condos. Tenants, so far, have rented ...

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Development around transit lines could grow

Metro Center Owings Mills

Dorsey MARC station and Reisterstown Plaza Transit Station are the next transit-oriented development (TOD) projects in focus for the Maryland Department of Transportation. The agency is also exploring the Odenton MARC station and considering TOD near Bowie State University, said MDOT’s Nimisha Sharma.

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Baltimore works on fix for home construction tax credit

Eric Costello

Baltimore homebuyers may be getting a second chance at taking advantage of a tax credit designed to boost newly constructed or renovated homes. After discovering that the 23-year tax credit expired on June 30, city leaders have been working to ...

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Madison Marquette completes merger, names new CEO

Washington-based developer Madison Marquette completed its merger with The Roseview Group and named that firm’s CEO to the same position at the combined companies. The company, which built the One Light Street tower in downtown Baltimore, has been merging with ...

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Tufaro: State decision to keep MIA downtown ‘stinks to high heaven’

Owners of Montgomery Park in south Baltimore are fighting a decision to stop the Maryland Insurance Administration from moving from downtown to their property, and one stakeholder criticized a prominent local attorney’s role in the saga. Baltimore-based developer David Tufaro, ...

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Top-tier Baltimore office space benefits from slowing development

Earlier this month Lieber Institute for Brain Development, Maltz Research Laboratories renewed its lease at 855 N. Wolfe St. in east Baltimore. The renewed lease, negotiated by JLL, allowed Lieber Institute to stay in its 50,000-square-foot space near Johns Hopkins ...

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