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Recent News
Public-private $215 million State Center revitalization gets go ahead
(7/29/2010) The Board of Public Works on Wednesday unanimously green-lighted work to begin on the $215 million first phase of a massive public-private partnership designed to revitalize central Baltimore, improve government office space, and create jobs.
Board of Public Works approves first phase of State Center
(7/28/2010) The Maryland Board of Public Works unanimously approved Wednesday the first redevelopment phase of the 28-acre State Center complex on the edge of Mount Vernon.
State Center redevelopment nears approval
(7/27/2010) As the first phase of the $1.5 billion State Center redevelopment heads to the Board of Public Works for approval Wednesday, Gov. Martin O’Malley unveiled preliminary plans Tuesday for a 15-year project that promises new retail, office space and residences.
Commercial Real Estate: Ryland Homes pays $17.8M for Muirkirk parcel
(6/25/2010) Ryland Homes has bought 45 acres for $17.76 million at Brick Yard Station in Muirkirk, where developer Jackson-Shaw said it will turn its attention from office buildings to the residential component of the 125-acre planned community.
State agency to move from Crownsville to P.G. Co.
(6/18/2010) Gov. Martin O'Malley today announced plans to move the Department of Housing and Community Development, a state agency with about 330 employees, from Crownsville to Prince George's County.
O'Malley taps 14 Md. rail stations as focus of transit-oriented development plans
(6/18/2010) Fourteen Maryland transit stations, including seven in the Baltimore area, will be the focus of the state’s efforts to encourage more mixed-use development around transit hubs, Gov. Martin O’Malley announced Friday.
Colony Realty acquires 429,000 s.f. BWI portfolio
(5/14/2010) Colony Realty Partners paid $16.9 million May 6 for a trio of industrial properties in the Baltimore-Washington Corridor, yet another sign that investors’ appetite for investment properties in Greater Baltimore is on the rise.
Ace Logistics takes 141,000 s.f. in Middle River
(5/3/2010) Baltimore County distributor Ace Logistics has leased more than 141,000 square feet at a business park near Martin State Airport in Middle River.
ManTech International to be new tenant at Water’s Edge in Harford Co.
(4/30/2010) ManTech International Corp., a provider of innovative technologies for the intelligence community, will be the first tenant of a new mid-rise building under construction at the Water's Edge Corporate Campus on the former Bata Shoe Factory property in Harford County.
March Contracts for Future Construction in Baltimore Jump 75 Percent
(4/27/2010) March contracts for future commercial construction in the Baltimore-Towson Metropolitan statistical area jumped 75 percent when compared to the same month in 2009, according to McGraw-Hill Construction.
Pacific Trade takes 117,000 s.f. in Glen Burnie
(4/27/2010) Rockville candle maker Pacific Trade International plans to open its first U.S. manufacturing plant this summer in Glen Burnie, where it hopes to meet a rising demand for its Chesapeake Bay Candle products.
GSA seeks nearly 200,000 s.f. in Woodlawn
(4/26/2010) The General Services Administration is scouring Woodlawn for nearly 200,000 square feet of space, a massive expansion of federal agencies triggered by new health care reform law passed last month.
Starbucks hunting for new Baltimore locations
(3/16/2010) Downtown workers, who are still lamenting the closure of several Starbucks locations, may have their favorite cup of joe back soon.
Quaker BioVentures scouts space along I-95 corridor in Maryland
(3/12/2010) Philadelphia investor Quaker BioVentures is looking for Baltimore health-care technology companies to invest in because it expects to see some valuable technology coming out of local research labs.
Maryland Senate confirms Swaim-Staley as transportation secretary
(3/2/2010) Beverley Swaim-Staley was unanimously confirmed Tuesday by the state Senate as Maryland’s transportation secretary.
Swaim-Staley was named to the spot last year after then-Transportation Secretary John Porcari stepped down to take a post at the U.S. Department of Transportation.
Swaim-Staley was named to the spot last year after then-Transportation Secretary John Porcari stepped down to take a post at the U.S. Department of Transportation.
New $12.5M road would bisect Odenton Town Center, spur development
(2/23/2010) State and federal officials have signed off on a $12.5 million road plan vital to jump-starting 1,600 acres of development in Odenton, but several more challenges remain before much of the construction can begin there.
White Marsh Mall gains new anchor store
(2/17/2010) The shuttered Boscov's department store at White Marsh Mall has been leased to national retailer Forever 21, according to the commercial real estate firm that brokered the deal.
Harkins Builders wins $11.7M Army deal at Fort Detrick
(2/9/2010) Harkins Builders in Marriottsville has been awarded an $11.7 million building contract at Fort Detrick for the U.S. Army, replacing an older structure at the Frederick County military base.
BWI to sell 275 surplus acres
(1/27/2010) In an effort to unload surplus land around BWI Airport, the state is completing a plan to mark 275 acres for possible auction, Maryland Aviation Administration officials said Tuesday.
Developer buys 3 buildings for $74.7M
(1/15/2010) Bethesda developer Moore & Associates amended the old investment adage to buy low, sell high and then buy low again when it bought back the three-building Station Square office complex in Silver Spring last month.
New High Rise at the Hopkins Science & Tech Park
(1/11/2010) Allen & O'Hara Development Co., a subsidiary of Education Realty Trust Inc. (NYSE:EDR), one of the nation's largest developers, owners and managers of university housing properties, has been hired by East Baltimore Development Inc. to design, develop and manage a new state of the art 20-story, high-rise apartment and graduate student housing complex at the corner of Ashland Avenue and North Wolfe Street in Baltimore.
COPT plotting $1B development in White Marsh
(12/31/2009) Corporate Office Properties Trust wants to build an 88-acre, $1 billion development in White Marsh that would bring more than 1,200 new homes and 1.2 million square feet of office space to the area.
Gov. O'Malley Expands Enterprise Zone in Baltimore
(12/21/2009) Enterprise Zones in Baltimore City and Allegany and Prince George's counties have been approved for expansion and renewal by the Governor's office.
Patriot Realty picked for Laurel MARC project
(12/4/2009) The Maryland Transportation Department has awarded exclusive negotiating rights to Patriot Realty for a mixed-use development near the Laurel MARC station.
7-Eleven to open 150 stores in area
(12/2/2009) Convenience store chain 7-Eleven said it will open 50 stores annually in the Baltimore- Washington area during the next three years as part of an aggressive expansion in some of its best-performing markets.
Mitre Corp. opens new Anne Arundel office as part of BRAC expansion
(12/1/2009) Mitre Corp. celebrated the opening of its newest office in Anne Arundel County, becoming one of the largest defense contractors to expand in the area as part of the Pentagon’s military realignment plan.
Welcome shipping news
(11/23/2009) For a decade, a 50-foot-deep berth at Seagirt Marine Terminal has been on top of the wish list for Baltimore's port. Good things - including 2,700 permanent jobs - must come to those who wait because it's beginning to look a lot like Christmas has finally arrived in South Baltimore.
Third mixed-use project sought along MARC line
(11/16/2009) A developer is planning Howard County's third urban-style mixed-use development along the MARC rail commuter line near Elkridge, a site long expected to be used for a Coca-Cola bottling plant.
The 122-acre project, called Oxford Square, would include up to 1,400 apartments and condominiums, 1 million square feet of commercial space, retail stores, a hotel and possibly six acres for a school, mimicking similar proposals at the Savage and Laurel Park train stations farther south.
The transit station projects have all been promoted as examples of Smart Growth - absorbing new residences and commercial development in areas already served by mass transit, roads, utilities and schools. They also fit with Howard's long-standing plans for redeveloping the U.S. 1 corridor.
The 122-acre project, called Oxford Square, would include up to 1,400 apartments and condominiums, 1 million square feet of commercial space, retail stores, a hotel and possibly six acres for a school, mimicking similar proposals at the Savage and Laurel Park train stations farther south.
The transit station projects have all been promoted as examples of Smart Growth - absorbing new residences and commercial development in areas already served by mass transit, roads, utilities and schools. They also fit with Howard's long-standing plans for redeveloping the U.S. 1 corridor.
Site near BWI offered for slots
(11/3/2009) A company that is planning a mixed-use development near Baltimore- Washington International Thurgood Marshall Airport has floated the location as a possible venue for a slots casino if a nearby site at Arundel Mills mall falls through.
Linthicum Heights-based Heffner & Weber has offered to sell a parcel of more than 50 acres of undeveloped land near the Baltimore-Washington Parkway and the airport to a slots developer, presumably Baltimore-based Cordish Cos., which is seeking a state license and county zoning for its project at the mall. The site is part of the proposed "Aerotropolis," a transit-oriented development that could include housing and entertainment.
Linthicum Heights-based Heffner & Weber has offered to sell a parcel of more than 50 acres of undeveloped land near the Baltimore-Washington Parkway and the airport to a slots developer, presumably Baltimore-based Cordish Cos., which is seeking a state license and county zoning for its project at the mall. The site is part of the proposed "Aerotropolis," a transit-oriented development that could include housing and entertainment.
Sharp Drop in New Supply Has Broad Impact for Retail Property Sector
(10/7/2009) The degree to which new retail development has slowed across the country is quite remarkable. The level of retail property under construction in nearly every market across the country is well below historical averages and CoStar is forecasting that the amount of new retail space completed this year will set a record low. One area where this decrease in new supply is clearly visible is the plunge in the number of large retail projects being built.
Baltimore Co. to buy Sparrows Point tract
(10/5/2009) Baltimore County will buy industrial land in Sparrows Point from the state at a bargain price and lease the property to a local union for a training school.
Recent reconfiguring of highways and access ramps along the Baltimore Beltway and Interstate 95 corridor left the State Highway Administration with nearly 12 acres of industrial land and no use for it. With the International Union of Operating Engineers, the county has found a tenant ready to take over the property and build on it.
Recent reconfiguring of highways and access ramps along the Baltimore Beltway and Interstate 95 corridor left the State Highway Administration with nearly 12 acres of industrial land and no use for it. With the International Union of Operating Engineers, the county has found a tenant ready to take over the property and build on it.
Baltimore County Breaks Ground on $4.4M Jacksonville Recreation and Senior Center
(10/5/2009) Baltimore County Executive Jim Smith and County officials formally broke ground and began construction on the Jacksonville Recreation and Senior Center located at 3605 Sweet Air Road in Phoenix. Cost of the complex's design and construction is $4,455,979. The total structure size is 14,400 sq. ft. on 31.9 acres. Expected opening date is August 2010.
U.S. retail landlords less willing to negotiate
(9/29/2009) While retailers are likely to face another tough holiday season, it may be much more difficult for them to extract any concessions from their landlords to help ease the ride, a top restructuring expert said on Tuesday.
State sells U.S. land for Social Security
(8/27/2009) The Maryland Board of Public Works approved on Wednesday a transfer to the federal government of state-owned land in Northwest Baltimore where U.S. officials plan to build an office building to house some Social Security Administration operations.
State launches into transportation projects with stimulus money
(8/25/2009) The $610 million in federal money allocated to Maryland transportation projects, which began trickling into the state's economy this spring, is now flowing steadily — resurfacing roads, upgrading transit facilities and boosting demand for contractors from Western Maryland to the Eastern Shore.
Rail Station at Heart of Plan To Remake New Carrollton
(8/14/2009) The train station is the nucleus. Around it, high-rise buildings with a mix of apartments, offices and shops form a bustling urban center. People use public transportation more and their cars less. They stroll on wide sidewalks past storefronts, greenery and public art. This is the vision for the area around New Carrollton Station, circa 2030, outlined in a new transit district development plan and zoning overlay that received preliminary approval July 30 from the Prince George's County Planning Board.
City hopes designation speeds up development
(8/6/2009) An area around a Laurel MARC station has been designated a "smart site" by the governor's office, a designation city and state officials hope will expedite the process of developing the plot and revitalize economic health in the downtown district.
Obama announces $2.4B to boost production of electric cars
(8/5/2009) The General Motors transmission plant in White Marsh is one of several plants that will get part of a $2.4 billion pool of money from the federal government to go towards building batteries and electric drive projects for electric cars, the White House said Wednesday.
Executive Order: Locating State Facilities to Stimulate Transit-Oriented Development
In September 2009, Governor O’Malley signed Executive Order 01.01.2009.12, Locating Facilities To Stimulate Transit-Oriented Development, which formalized a State policy to prioritize purchase and lease of new State office and laboratory space within designated TODs.
