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Real Estate Insider

Goldman Sachs jumps into Port Covington development with $233M splash

  Goldman Sachs Urban Investment Group has joined Sagamore Development Co. as an equity investor in the proposed redevelopment of Port Covington, contributing $233 million to the project. The investment, which was announced Wednesday, provides Sagamore with the cash to ...

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Tropical Smoothie Cafe signs Owings Mills lease

Tropical Smoothie Cafe has inked a lease at the Boulevard College Center in Owings Mills. It’s the second restaurant to recently take space at the 55-acre business community adjacent to Stevenson University off Owings Mills Boulevard. The mixed-use development is ...

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BWI Tech Park nabs nonprofit full-building lease

Anne Arundel Workforce Development Corp. plans to consolidate three existing career center locations into a single facility at the BWI Technology Park in Linthicum Heights. The development corporation, a nonprofit that assists unemployed and under-employed Anne Arundel County residents, has ...

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Discovery expanding Silver Spring HQ

Discovery Communications plans a $10 million renovation of its existing headquarters in Silver Spring. The renovations include consolidating the company’s creative and tech center at Kennett Street, according to the Maryland Department of Commerce, into the headquarters located at 1 ...

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Rye Street Tavern set for Tuesday opening

Rye Street Tavern, adjacent to Sagamore Spirit Distillery and part of the $5.5 billion redevelopment at Port Covington, is scheduled to open Tuesday. The restaurant will operate in a 13,000-square-foot building, serving food and drinks with “Mid-Atlantic roots.” The project ...

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SAI picks new Hunt Valley HQ

Software products and consulting firm Systems Alliance Inc. plans to expand and relocate its headquarters in Hunt Valley. The firm will be relocating to 307 International Circle, which is owned by Greenfield Properties. SAI intends to relocate to its new ...

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FRIT’s San Francisco property fetches $69.3M

Rockville-based Federal Realty Investment Trust sold a seven-story property in San Francisco’s Union Square district for $69.3 million. The building at 150 Post St. consists of 105,000 square feet of retail and office space. So far this year the company ...

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Here’s one Baltimore office building that’s not converting to apartments

The new owners of the former Catholic Review building in Mount Vernon plan to continue to use the property as office space, bucking a trend of developers converting older Baltimore office space into apartments. Jabber Five Real Estate Group and ...

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Up for auction: 22-unit apartment building near JHU

  Address: 22 W. 27th St., Baltimore Property type: Apartment Size: 22,500 square feet Contact: Nick Luciani, auction agent at Alex Cooper Auctioneers, 443-465-4761; nick@alexcooper.com. The Peabody, a 22-unit apartment building near Johns Hopkins University, is slated for auction on ...

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