This Week’s Baltimore Deal Sheet
Seawall Development has closed $29M financing for its latest mixed-use project in Baltimore’s Remington neighborhood…. Read full article at Bisnow.com
Baltimore County Office Building’s $20M Loan Lands On Delinquent List
A loan granted less than two years ago to finance the $29M purchase of an office complex in the Sparks section of Balti… Read full article at Bisnow.com
Office-To-Residential Conversion Trend Expected To Continue In Baltimore Despite Challenges
Baltimore has been one of the most active U.S. cities in converting office buildings into apartments, and experts predic… Read full article at Bisnow.com
CBRE: Baltimore Office Vacancy Hits Record High
Office vacancy in the Baltimore metro area rose to more than 18% at the start of 2023, hitting a new all-time high afte… Read full article at Bisnow.com
Maryland Finalizes Plan For Legal Cannabis Market, But CRE Unsure How Much Demand It Will Spark
Maryland is preparing to launch its recreational marijuana market, allowing hundreds of new businesses to open in indus… Read full article at Bisnow.com
Maryland Awards $3M To ‘Undercapitalized’ Developers For Affordable Housing Projects
Maryland awarded nearly $3M in first-of-its-kind funding to nine developers the state described as “undercapitalized” an… Read full article at Bisnow.com
Maryland’s Opportunity Zone Tax Incentives Have Drawn Little Interest
A lack of applications for Maryland tax incentives offered to companies in the state’s Opportunity Zones highlights the … Read full article at Bisnow.com
Demolition Begins On Next Phase Of $1B East Baltimore Multifamily Project
Work to transform a New Deal-era public housing complex into a $1B mixed-income community in East Baltimore marked a m… Read full article at Bisnow.com
Enterprise Partners With Baltimore Developer, Invests $3M In Upton Project
Job Losses, Construction Slowdown Cause Sharp Leasing Drop For Baltimore Apartments
Baltimore’s high-end apartment market has continued recovering from the pandemic, but job losses, a lack of new units a… Read full article at Bisnow.com