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Real Estate Weekly – 9/30/11: Choice’s Cambria Suites spreads out
Choice’s Cambria Suites spreads out Choice Hotels International Inc. of Silver Spring, announced plans for new Cambria Suites hotels in White Plains, N.Y.; Washington, D.C.; and Houston. Meyer Jabara Hotels, a Danbury, Conn.-based hospitality company, is building a 130-room Cambria Suites in White Plains as part of a $47 million mixed-use development. In Washington, Concord […]
Frederick Keys, city agree on stadium lease
FREDERICK — The Frederick Keys minor-league baseball team has a new, 10-year lease on Harry Grove Stadium in Frederick. The Frederick News-Post reports that the City Council approved the deal Thursday night despite a last-ditch effort by two aldermen to renegotiate it. The 3-2 vote capped seven months of wrangling over lease terms and the […]
National Pinball Museum tilting toward Baltimore
A unique museum dedicated to colorful, melodic and whimsical pinball machines may open near the Inner Harbor this fall if leasing details are worked out later this week. David Silverman, 63, a Silver Spring landscape contractor whose passion for pinball has led him to collect more than 900 machines, said he is considering a four-story […]
J. Allan Riorda: Surprisingly, a good time to buy commercial property
“Act now before it is too late,” is a recognized marketing tactic used by sellers of consumer and business goods as a way to create a sense of urgency in the minds of potential buyers. This fear of the negative effects of procrastination is usually a contrived scenario with an unsupported deadline that is repeated […]
Real Estate Weekly: Fresnius leases 7,200 square feet of office and warehouse space in Laurel
Bozzuto Management Co. enlarges portfolio Bozzuto Management Co., a subsidiary of the Greenbelt-based Bozzuto Group, said it added 11 properties to its management portfolio in the past 90 days. Totaling 3,200 units, the assets collectively increase the company’s portfolio to 33,000 units spread over eight East Coast states, from Richmond, Va., to Boston. Among the new […]
Towson U. could lease part of nearly vacant complex
Administrators at Towson University are eyeing the nearly vacant Towson Commons to lease for possible classroom and academic office space, a conversion some say could rejuvenate the center of the community. James P. Sheehan, vice president for administration and finance and chief financial officer at Towson University, said he plans to continue talks with Capmark […]
Merchants welcome new businesses at Edgewater complex
EDGEWATER — Walking around the Main Street at South River Colony complex, it’s hard not to notice the vacant storefronts and signs advertising space to lease. The Edgewater shopping center is a little more than half full, the victim of a stagnant economy, business owners say. But a flurry of new shops and restaurants moving […]
Ten tips to save money on space
Whether your space is medical, office, R&D, warehouse or some combination, it is probably your second-largest company expense behind your people. There are many ways to save on space. Lowering your rental rate and the amount of space you lease are just the most obvious. Here are a few additional ways you may be able […]
GM sales jump 49 percent, aided by sweeter deals
DETROIT — General Motors on Tuesday reported that U.S. sales jumped 49 percent last month, aided by sweeter financing and lease deals that drew a response from other major automakers. The biggest U.S. automaker said its dealers sold just over 207,000 cars and trucks in February, a huge increase driven by sales of newer models […]
A & M Supply Corp. signs major lease in P.G. County
A & M Supply Corp., a manufacturer and wholesale distributor of non-structural, architectural-grade, interior building products for the commercial and industrial marketplace, has signed a 10-year lease on a vacant 102,000-square-foot industrial building in Upper Marlboro. The transaction is the largest new industrial lease completed in Prince George’s County since April 2010, and one of [&he[...]
Annapolis’ Main Street in a slow transition
ANNAPOLIS — The many downtown windows plastered with public-notice signs from the city depict a Main Street in transition. American Craftworks Collection, a gallery of fine crafts, and Paradigm, a trendy clothing boutique, are set to close when their leases expire. For American Craftworks, that means rounding up its liquidation by the end of the […]
Medicare, Medicaid agency to move to Windsor Mill office
The Centers for Medicare and Medicaid Services will occupy part of a former pharmaceutical company manufacturing building in Windsor Mill that is being transformed into office space, it was announced by Lutherville-based Preston Scheffenacker Properties, the landlord. The General Services Administration negotiated and signed the 10-year lease for 74,216 square feet of office space at […]
