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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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Construction Industry Composition

With employment of 128,225 in the third quarter of 2006, specialty trade contractors represent the single largest industry component and comprise roughly two-thirds of Maryland

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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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UMB seeking developer for 3rd biopark building

The University of Maryland, Baltimore, is seeking a developer to build and manage the third building in its $500 million, 10-building West Side biotechnology research park.

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Developers look to create a new West Side story

The stretch of North Howard Street between Centre and Saratoga streets on Baltimore’s West Side is an urban graveyard, with the decrepit shells of once-beautiful buildings standing like memorials to the thoroughfare’s past as a popular shopping destination.

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Housing slump's effects touching down in Md.

The aftermath of a slowdown of the national housing market is beginning to hit Maryland, with the number of foreclosures skyrocketing and real-estate related jobs taking a strike.

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