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Tag Archives: CBRE

Broker: Offers, no contract for The Sun building

There have been offers made to buy The Sun newspaper building, at 501 N. Calvert St., but there has been no deal made for the property. Robert Cashman, senior vice president for institutional properties at CBRE, declined to discuss how ...

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Legg Mason Tower on market

Another major office property in Baltimore is on the market. The 24-story Legg Mason tower is for sale. The property is being marketed through CBRE and is owned by H&S Properties Development Corp. Construction on the building started in 2009, ...

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Multifamily sites present ‘scarcity of opportunity’

The number of multifamily projects entering the pipeline may not be slowing, but the amount of attractive spaces for new construction in the Baltimore area could become constrained. Developers looking to build new apartments are generally seeking space around the ...

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CBRE creates online magazine called Blueprint

Los Angeles-based commercial real estate services firm CBRE is now in the content game. The firm has announced that it has created an online magazine called Blueprint. The goal of the magazine is to produce articles that highlight the “transformational role ...

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CBRE closes office building sale in Rockville

Florida-based LNR Partners LLC sold the Blackwell Two, a 101,296-square-foot Class A office building in Rockville, for $17.17 million to True North Management Group. Blackwell Two was built in 2001 and is currently 75 percent leased with tenants including IntergaMed ...

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CBRE ranks Baltimore port high

Baltimore's port is on the way up thanks to the surrounding industrial commercial real estate market. According to CBRE's inaugural North American Ports Logistics Annual Report, Baltimore's port is ranked No. 11 in the nation's top 15 based on port infrastructure capabilities and strength of the area's industrial commercial real estate market. “Overall industrial leasing activity in Baltimore was strong in 2014, with four million square feet of positive net absorption in the market,” Tim Zulick, CBRE Managing Director in the Baltimore region, said in a news release. “The majority of the net absorption occurred in Baltimore city, a submarket that is closely tied to port activity, causing availability to fall 6.8 percent compared to 2013." Baltimore in large part because Ports America, the port and terminals operator, has invested more than $100 million in the Seagrit Marine terminal. The port also boasts advantages such as a new berth with 50 feet of draft and four "super post-Panamax cranes."

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