BALTIMORE, MD — Alan Orman, a commercial real estate brokerage professional with more than 35 years of industry experience, has joined Greenspring Realty Partners, Inc. (GRP) as senior advisor. GRP is a Baltimore-based commercial real estate and investment company that focuses on the acquisition of opportunistic real estate investments, as well as providing a range of brokerage services to owners and investors.
In his new role, Orman will handle emerging leasing and sales
BALTIMORE, MD — Greysteel, a national commercial real estate investment services firm, has arranged the sale of Fairspring Senior Apartments, a 100-unit senior affordable housing property, located in Baltimore, MD.
Greysteel CEO, Ari Firoozabadi and director, Henry Mathies from the firm’s Washington, DC office sold the property on behalf of the sellers, Osprey Property Companies and Pax-Edwards. The property sold for $7.7M.
Fairspring senior apartments is located at 1121 Sa
BALTIMORE, MD — Trammell Crow Company (TCC) along with development partner, Diamond Realty Investments (DRI) has closed on a $26 million construction loan from BMO Harris Bank for the development of North East Commons, a new 716,490 s/f, class A speculative distribution facility located along the I-95 corridor north of Baltimore. Construction commenced Q2 2019 and is scheduled to complete in Q1 2020.
“In recent years, this submarket has seen significant growth in big box ind
BALTIMORE, MD — A joint venture partnership between Atapco Properties and Chesapeake Real Estate Group, LLC (CREG) have acquired a 52-acre parcel of land, located at the intersection of MD Rte. 43 and I-95 in the White Marsh section of Baltimore County from Paragon Outlets Baltimore. Formerly the site of a proposed 525,000 s/f retail outlet shopping center, the new owners intend to develop a mixed-use business community, which may include industrial, retail and office uses. A
BALTIMORE, MD— Kinsley Construction, Inc. has been engaged by the B&O Railroad Museum and First Mile Stable Charitable Foundation, LLC to design and build a new stable for the Baltimore City Mounted Police – the nation’s oldest continuously operating mounted police unit.
The project will include state-of-the-art stables and an educational facility constructed on the B&O Railroad Museum property in West Baltimore. The new stables will better support the work of the police dep
Baltimore, MD — Atapco Properties (Atapco) announced the acquisition of 401, 501 & 601 North Calvert St., in Baltimore, MD. The three-building office and garage complex encompasses over 435,000 gross s/f of building area and a six-story parking structure on 5.50 acres. “This is a tremendous, iconic Baltimore asset that is attractive to us given the scale afforded by the existing office building and parking garage as well as significant additional development capacity,” said B
Baltimore, MD — KLNB announced that Andrew Georgelakos, principal and managing partner will retire June 30, 2017. Georgelakos will leave KLNB after leading the firm to its two most successful years, with nearly $1.5 billion in annual transaction volume for both 2015 and 2016. Among his many achievements, one of the most notable was Georgelakos’ foresight in the early 2000s about the potential for expansion around the Washington Dulles International Airport. With his encourage
BALTIMORE, MD —TruAmerica Multifamily, in partnership with MSD Capital, LP, has expanded its geographical footprint to the East Coast with the acquisition of a 1,004-unit apartment portfolio in suburban Baltimore, MD, in an off-market transaction valued at $187 million. Los Angeles-based TruAmerica has acquired a portfolio that now totals more than 17,000 units with an aggregate value over $3 billion. To date, TruAmerica has specialized in the acquisition and repositioning of
Baltimore, MD — The Mullan Contracting has completed renovation activities on the Cecil County School of Technology, a 160,000 s/f building located in North East, Maryland. The School of Technology teaches high school students a variety of trades such as mechanics, carpentry, plumbing and construction.
The scope of the construction project included transforming former open spaces within the school into separate classroom areas, as well as the construction of career and techn
BALTIMORE, MD — On the heels of its work on the iconic Akasya mixed-use development and the dynamic, 3.8 million s/f Mall of Istanbul, U.S.-based design, planning, architecture, interiors, and graphics firm DDG has begun work on four new mixed-use projects in Istanbul, Turkey: Atmaca Bahcesehir; Ronesans; Marmara Anatolium; and GOPAS.“DDG is very excited to continue our presence in Istanbul, and to be expanding both the scope of services we offer and our presence in the regio