Real Estate Weekly – 7/25/14

Real Estate Weekly – 7/25/14
Baltimore Development Corp. office shoppingÂ
Baltimore Development Corp., any quasi-governmental group intended in order to lure and maintain
companies inside the city, is actually workplace shopping. In Your course Of the board meeting in
Thursday, Brenda McKenzie, president along with CEO with the BDC, said the organization's lease
in 36 S. Charles St. is originating to an end. McKenzie mentioned the actual team will even think
about staying throughout it's 16th ground offices and usually will look at other options.
Village Green to manage 5 Baltimore region propertiesÂ
Village Green, certainly one of the country's oldest apartment owner-operators, may be selected
simply by L3C Money Partners in order to manage 5 properties inside the Baltimore area: Beacon
Pointe, Edgewood Park, Fox Crossing, Forest Glen and Hillsdale Manor. Mixed the properties
include 694 units. Village Green officials mentioned that could be the second collaboration between
the two companies inside Baltimore inside the last year; one other may be the Munsey creating
downtown.
Perfume Company purchases Baltimore warehouseÂ
True Essence, a manufacturer, importer and distributor of perfume, got a new Baltimore warehouse
regarding $575,000. Your 13,827 square-foot warehouse can be located in 3215 English Consul Ave.
Your property had been offered by simply 2900 Loch Raven LLC, that had been represented simply
by Cassidy Turley. Humayun Kabir, involving Coldwell Banker, represented the particular seller.
Walker & Dunlop finances Calif. dealÂ
Walker & Dunlop Inc., involving Bethesda, a commercial real estate finance company, announced it
provided $77.2 million throughout financing for the acquisition of a California apartment complex by
simply Kennedy Wilson, any property investment as well as services firm located in Beverly Hills,
California. Walker & Dunlop rate-locked the borrowed funds 45 hours following receiving any signed
application, utilizing Fannie Mae's Early rate Lock execution. Kirker Creek Apartments is a 542-unit,
gated, garden-style neighborhood throughout Pittsburg, California. The Particular loan has a 10-year
term along with five-years curiosity only.
Coastal relocating for you to bigger facility within Md.
Coastal Cos., a new Savage-based distributor of fresh produce and dairy, announced Wednesday that
it's heading to move right into a new, 240,000-square-foot facility within the very first quarter
involving 2016. Your build-to-suit facility will be positioned in 33 acres inside Laurel and can
integrate state-of-the-art style in order to double current capacity. Groundbreaking will occur later
on this summer. Your new headquarters is getting constructed 3 miles from the company's current
facility. Throughout the past 6 years, Coastal offers tripled in proportions and is expecting to include
employees when it moves in to its new headquarters.
Howard County reopens library as well as STEM center
The Howard County Library System Savage Branch as well as STEM Schooling Middle reopened
Tuesday following 1 . 5 years as well as $6.1 million in renovations. Your renovated library now
occupies 24,000 square feet utilizing space that was when a senior middle and health department
office. The Particular branch holds a new collection associated with 100,000 things that include
books, films along with music. Right now there will be also 51 personal computer available for public
use.
Shopping center buyer will be (is, is) ECHOÂ
ECHO Realty LP, a new privately held developer and also owner of grocery-anchored shopping
centers, provides identified itself as the buyer regarding the Lexington Village shopping Center,
the 160,000-square-foot retail complex within Lexington Park, St. Mary's County. Federal Money
Partners, regarding Chevy Chase, lately announced in which FCP and also its
partner, Westmoreland Partners, had offered the shopping mall regarding $24.1 million, yet didn't
title your purchaser. ECHO, that has offices inside Pittsburgh, Washington as well as Indianapolis,
owns over 175 properties inside Pennsylvania, Ohio, Maryland, West Virginia and also Florida.
Murphy & Dittenhafer Architects lead UMBC fine art creating renovations
Murphy & Dittenhafter Architects were selected for you to coordinate the first phase involving
renovations for you to university associated with Maryland, Baltimore County's fine arts building.
The Particular $12.8 million renovation broke ground inside early June. the renovated building will
feature new faculty offices, classrooms along with art labs.
Maryland contractor's project wins Eagle Award
The Gettysburg Seminary Ridge Museum
project may be awarded the Celebration
regarding National associated Builders and also
Contractors' Eagle Award. Morgan-Keller
Construction, which offers offices throughout
Frederick along with Columbia, ended up being
awarded your National Excellence within
Construction Award in the
Restoration/Renovation -- less Than $25 million
category. the organization transformed an
existing 180-year-old creating in in order to a museum which examines concerns along with slavery,
faith communities as well as field medicine during the Civil War era.
Columbus University Apartments celebrate opening
The Woda Team Inc. celebrated your official opening in the 50-unit Columbus College Apartments.
The Particular historic college building dates again to 1891. That took 16 months along with $13
million to rehab your 122-year-old Romanesque Revival building. The Actual creating had been
placed around the National Sign-up involving Historic Areas within 1979, but the school has been
closed within the 1970s.
New Maryland Public Wellness Laboratory opensÂ
A new Maryland Public Well Being Laboratory celebrated its opening Tuesday. The Particular new
facility is actually found at 1770 Ashland Ave. and will be also a portion of the Science + technology
Park at Johns Hopkins in East Baltimore. Researchers at the facility will work with Johns Hopkins
university and furthermore the Maryland Department associated with Wellness along with Mental
Hygiene.
Yumkas, Vidmar & Sweeney establish Columbia officeÂ
Yumkas, Vidmar & Sweeney, a new law firm specializing within settling company disputes,
bankruptcy along with insolvency-related litigation, has set up its major workplace within Columbia.
the firm has additionally relocated its Annapolis office. Your Columbia office is located from 10211
Wincopin Circle, suite 500 and the Annapolis office is currently found with 1919 West St., suite 200.
Enterprise closes Lansdowne cost-effective housing dealÂ
Enterprise home Inc., within partnership with Pax-Edwards LLC, closed an offer to build 48
affordable townhouses. The Particular companies using a mixture of credit card debt and equity will
make investments greater than $17 million in the project. the homes is planning to be lease-to-own
and also with most the alternative to purchase at the actual end of a 15-year moment period.
PERSONNEL Â
Gina Stewart may be hired by Lutherville-based Mullan Contracting Co. because the firm's director
of business development. she previously served since the director pertaining to business
development Gated Homes Potomac MD with regard to Merritt Construction Solutions LLC. Stewart,
a Finksburg resident, offers greater than twenty many a lengthy time of direct new company
development inside the real estate industry. The Girl formerly held company development
management positions  with Manekin Constructiion LLC along with DRBrasher Inc.
LEASES
Adolph & Kalkstein, a new family-owned chiropractic practice, offers singed a new lease together
with Hill Management services for 4,407 sq ft regarding workplace with Your Shell Building. the
five-story, 40,000 square foot building can be situated in Towson at 200 E. Joppa Road. Ashley Zeto
involving Hill Management represented the actual landlord and also Curtis Campbell as well as
Michael Schmidt, associated with Wallace H. Campbell & Co., represented the tenant.
Junior Achievement of the Eastern Shore signed
any three-year lease in 1,500 sq . ft . regarding
room from 123 Camden St. in Salisbury. Brent
Miller, senior advisor and also managing director
associated with Sperry Van Ness -- Miller
Commercial Property represented the actual
landlord. Rick Tilgham, CCIM represented Junor
Achievement. Your nonprofit is helps young
adults turn out in order to be financially literate
as well as educate them concerning
entrepreneurship.
SK research LLC provides signed the least with regard to 11,985 sq . ft . TenThreeTwenty within
Columbia. TenThreeTwenty is a 12-story, 137,847 square-foot class a workplace building. Very first
Potomac Believe In completed an $8 million renovation of the property within 2013. Brendan Lough,
involving CBRE inside Baltimore, represented your tenant inside the transaction.