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Baltimore, MD — Merritt Properties has entered into an agreement with an investment fund managed by Almanac Realty Investors (Almanac), under which the fund has committed up to $400 million of capital. It is expected that the investment will allow Merritt Properties to grow its portfolio by 20 to 30% through the acquisition, development and redevel...

July 31, 2017

Baltimore, Maryland — Timmons Group, a civil engineering and technology firm headquartered in Richmond, VA, announced their expansion into Baltimore through the acquisition of Vogel Engineering. This 20-person firm provides civil engineering, land planning and surveying services, and has been operating in Maryland for 25 years. Timmons Group has an...

July 31, 2017

Salisbury, MD — Bill Libercci, senior vice president/senior director of NorthMarq Capital’s Baltimore regional office, negotiated refinancing of $12.585 million for Runaway Bay, a 180 unit multifamily property located in Salisbury. The apartment complex offers numerous amenities such as an outdoor pool with a clubhouse and is adjacent to The Centre...

July 26, 2017

Chevy Chase, MD — The JBG Companies commercial management team received top honors at The Apartment and Office Building Association of Metropolitan Washington (AOBA)’s 33rd Annual TOBY (The Outstanding Building of the Year) Awards. For their management of the United States Department of Transportation Headquarters, JBG won for the category of over...

July 26, 2017

Mount Rainier, MD — The Menkiti Group announces that a group of veteran restaurateurs with ties to award-winning restaurants, including Bar Pilar, Café Saint-Ex, and several Passion Food Group locations, has signed on to open a new bar and restaurant at The Singer Building in the heart of Mount Rainier, later this fall. One of the latest Menkiti Gr...

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