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Real Estate

CONSTRUCTION SUB-SECTOR ACTIVITY

Specialty trade contractors drove industry growth over the most recent four-quarter period for which data are available. The subsector added 3,000 jobs to Maryland payrolls and expanded by 2.4 percent from the same quarter one year prior.

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SunTrust Building sold for $63M

The SunTrust Bank building in downtown Baltimore has been sold to a Massachusetts company for nearly $63 million, adding to a flurry of recent commercial real estate investment that observers said is transforming the city’s office market.

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