Real Estate Weekly – 7/25/14

Real Estate Weekly – 7/25/14
Baltimore Development Corp. workplace shoppingÂ
Baltimore Development Corp., the quasi-governmental group intended in order to lure and maintain
companies within the city, can be office shopping. In The Actual course Of the board meeting on
Thursday, Brenda McKenzie, president along with CEO with the BDC, mentioned the actual
organization's lease from 36 S. Charles St. is originating to a end. McKenzie said the group will also
contemplate remaining within it's 16th floorboards offices but will examine various other options.
Village Green for you to manage 5 Baltimore region propertiesÂ
Village Green, certainly one of the particular country's oldest apartment owner-operators, continues
for you to be selected by simply L3C capital Partners to end up being able to manage five properties
inside the Baltimore area: Beacon Pointe, Edgewood Park, Fox Crossing, Forest Glen and Hillsdale
Manor. Mixed the particular properties contain 694 units. Village Green officials mentioned that
could be the next collaboration among both companies within Baltimore in the last year; another is
the Munsey constructing downtown.
Perfume Producer buys Baltimore warehouseÂ
True Essence, any manufacturer, importer along with distributor involving perfume, obtained a
Baltimore warehouse regarding $575,000. Your 13,827 square-foot warehouse can be situated in
3215 English Consul Ave. Your property has been offered through 2900 Loch Raven LLC, which has
been represented by Cassidy Turley. Humayun Kabir, regarding Coldwell Banker, represented the
seller.
Walker & Dunlop finances Calif. dealÂ
Walker & Dunlop Inc., involving Bethesda, an industrial real-estate finance company, announced it
provided $77.2 million in financing for that acquisition of the California apartment complex through
Kennedy Wilson, the property investment and solutions firm situated in Beverly Hills, California.
Walker & Dunlop rate-locked the credit 45 hours following receiving the signed application, using
Fannie Mae's Early rate Lock execution. Kirker Creek Apartments is really a 542-unit, gated, garden-
style community inside Pittsburg, California. the loan features a 10-year term and five years interest
only.
Coastal moving to become able to bigger facility in Md.
Coastal Cos., a Savage-based distributor of clean create and also dairy, announced Wednesday in
which it will transfer in to always be able to a new, 240,000-square-foot facility in the first quarter
involving 2016. The Actual build-to-suit facility will possibly be positioned upon 33 acres throughout
Laurel and will include state-of-the-art design for you to double active capacity. Groundbreaking
will occur later this summer. the new headquarters can be becoming constructed three miles from
the company's existing facility. in the past 6 years, Coastal has tripled in size and will be also
expecting to add employees in the wedding it moves in to its new headquarters.
Howard County reopens library and STEM center
The Howard County Library System Savage Branch and also
STEM Training Middle reopened Tuesday next 18 months
and $6.1 million within renovations. The Actual renovated
library now occupies 24,000 sq . ft . using space that was as
quickly as any senior center as well as wellness department
office. the branch holds a fresh collection associated with
100,000 items that consist of books, films and also music.
There will also be 51 pc readily accessible for public use.
Shopping middle buyer will be (is, is) ECHOÂ
ECHO Realty LP, a privately held developer along with owner involving grocery-anchored shopping
centers, has identified itself as the buyer of the Lexington Village Purchasing Center, the 160,000-
square-foot retail center inside Lexington Park, St. Mary's County. Federal Richesse Partners,
regarding Chevy Chase, recently announced in which FCP along with its partner, Westmoreland
Partners, had sold your shopping center pertaining to $24.1 million, however didn't name the actual
purchaser. ECHO, which in turn has offices inside Pittsburgh, Washington and Indianapolis, owns
more than 175 properties in Pennsylvania, Ohio, Maryland, West Virginia and Florida.
Murphy & Dittenhafer Gated Community Annapolis MD Architects lead UMBC fine art building
renovations
Murphy & Dittenhafter Architects had been selected to end up being able to coordinate the initial
cycle associated with renovations for you to university associated with Maryland, Baltimore County's
fine arts building. The Actual $12.8 million renovation broke ground in early June. the renovated
building will feature new faculty offices, classrooms and artwork labs.
Maryland contractor's project wins Eagle Award
The Gettysburg Seminary Ridge Museum project has been awarded the Celebration associated with
National Connected Builders and also Contractors' Eagle Award. Morgan-Keller Construction, which
in turn has offices within Frederick along with Columbia, was awarded your National Excellence in
Construction Award in the Restoration/Renovation -- less Than $25 million category. The Particular
company transformed a preexisting 180-year-old creating in to a museum which examines problems
using slavery, faith communities as well as area medicine during the Civil War era.
Columbus College Apartments celebrate opening
The Woda group Inc. celebrated the official opening in the 50-unit Columbus University Apartments.
The Particular historic college building dates back again to become able to 1891. This took 16
several weeks as well as $13 million in order to rehab the 122-year-old Romanesque Revival
building. the building has been positioned on the National Sign Up associated with Historic
Locations within 1979, however the school was closed within the 1970s.
New Maryland Public Well Being Laboratory opensÂ
A new Maryland Public health Laboratory celebrated its opening Tuesday. The Particular new
facility can be positioned at 1770 Ashland Ave. and is actually also section of the particular Science
+ Technologies Park with Johns Hopkins throughout East Baltimore. Researchers at the facility
works together with Johns Hopkins University Or College and the Maryland Department regarding
Wellness along with Mental Hygiene.
Yumkas, Vidmar & Sweeney establish Columbia officeÂ
Yumkas, Vidmar & Sweeney, the law firm specializing within settling company disputes, bankruptcy
and also insolvency-related litigation, provides set up its major workplace inside Columbia. Your firm
in add-on has relocated its Annapolis office. the Columbia office will be located in 10211 Wincopin
Circle, suite 500 as well as the Annapolis workplace is currently positioned at 1919 West St., suite
200.
Enterprise closes Lansdowne inexpensive housing dealÂ
Enterprise House Inc., throughout partnership together with Pax-Edwards LLC, closed an
arrangement to construct 48 inexpensive townhouses. the companies using a mix of financial debt
and also equity will make investments greater than $17 million in the project. the homes will be
lease-to-own along with with most the alternative to buy at the end of a 15-year moment period.
PERSONNEL Â
Gina Stewart continues to end up being able to be hired by Lutherville-based Mullan Contracting Co.
because the firm's director of company development. The Lady previously served because the
director for enterprise development pertaining to Merritt Construction services LLC. Stewart, any
Finksburg resident, features more than twenty years of direct new company development inside the
real-estate industry. The Girl previously held company development management positions  with
Manekin Constructiion LLC as well as DRBrasher Inc.
LEASES
Adolph & Kalkstein, any family-owned chiropractic practice, features singed the lease along with Hill
Management Solutions pertaining to 4,407 sq . ft . of office space in the Shell Building. the five-
story, 40,000 square foot creating can be located in Towson at 200 E. Joppa Road. Ashley Zeto of Hill
Management represented the particular landlord and also Curtis Campbell as well as Michael
Schmidt, involving Wallace H. Campbell & Co., represented the tenant.
Junior Achievement in the Eastern Shore signed a three-year lease in 1,500 square feet involving
area from 123 Camden St. within Salisbury. Brent Miller, senior advisor along with managing
director of Sperry Van Ness -- Miller Commercial real Estate represented the landlord. Rick Tilgham,
CCIM represented Junor Achievement. The Actual nonprofit is helps young people turn out in order
to be financially literate and also teach all of them concerning entrepreneurship.
SK Study LLC features signed the least for 11,985 sq . ft . TenThreeTwenty inside Columbia.
TenThreeTwenty is truly a 12-story, 137,847 square-foot class Any office building. First Potomac
Have Confidence In completed an $8 million renovation in the property in 2013. Brendan Lough,
involving CBRE inside Baltimore, represented the tenant in the transaction.