Electrician auctioning bayside island

BY: Associated Press
POSTED: November 20, 2009
Tags: Ocean City, Real Estate, worcester county

OCEAN CITY — A West Ocean City electrician who needs money to keep his business going is auctioning a private bayside island that features a sandy beach and hunting lodge.

The 30-acre parcel, called South Hammocks, is comprised of two separately deeded isles in the Assawoman Bay wetlands.
Gary Frick bought the island in 2001 from another [...]

French firm Areva getting ready for Calvert Cliffs 3

BY: Danielle Ulman
POSTED: November 19, 2009

When — and if — UniStar Nuclear Energy gives the go ahead to build Calvert Cliffs 3, French design and construction firm Areva wants to be ready.
Areva, which has partnered with UniStar’s Electricite de France on other nuclear projects, held a “supplier day” in Baltimore Thursday to identify potential vendors for the Lusby reactor. Interest [...]

Deal would allow General Growth to keep Harborplace

BY: Associated Press
POSTED: November 19, 2009

In a deal that would allow it to retain ownership of Harborplace & The Gallery, bankrupt mall operator General Growth Properties Inc. said Thursday its lenders have agreed to restructure some $8.9 billion in shopping mall mortgage loans.
The agreements, which cover loans on more than 70 malls, could enable some of the shopping centers to [...]

Cormony-led bid is preferred Parkway plan

BY: Robbie Whelan
POSTED: November 19, 2009

A team of developers including Cormony Development LLC and Seawall Development Co. has emerged as a frontrunner in the bid to redevelop the historic Parkway Theater in Baltimore.
The chair of the Baltimore Development Corp.’s projects committee, Deborah Hunt Devan, said Thursday that an advisory panel consisting of BDC staff and community members had selected the [...]

Lowe’s, shopping center planned for Charles Village site

BY: Robbie Whelan
POSTED: November 19, 2009

Developer Rick Walker Wednesday night unveiled plans for the $65 million redevelopment of the 11-acre Anderson Automotive site in central Baltimore as a Lowe’s Home Center hardware store, a supermarket, a small shopping center, and about 60 units of housing.
Bruce Mortimer, who owns Anderson’s GM and Honda dealerships, said he is selling his business, which [...]

City and CSX to repair 2 bridges

BY: Robbie Whelan
POSTED: November 18, 2009

Baltimore officials have reached an agreement with railroad giant CSX Transportation Inc. to share the costs of replacing two troubled city bridges and making improvements on at least five other pieces of city infrastructure.
The city’s Board of Estimates Wednesday gave final approval to a 2007 agreement to reconstruct the Sinclair Lane Bridge, which passes over [...]

Novelist Tom Clancy pays $12.6M for 3 units at Ritz 

BY: Robbie Whelan
POSTED: November 18, 2009
Comments: 1

In what is being billed as the largest condominium transaction in Baltimore’s history, novelist Tom Clancy has paid $12.6 million for a penthouse condominium in the Ritz-Carlton Residences.

Defense contractor buying Elkridge distribution center

BY: Robbie Whelan
POSTED: November 17, 2009

Virginia-based defense contractor Intelligent Decisions Inc. has paid $4.4 million for Crossroads Distribution Center in Elkridge, a large industrial property space in the Baltimore-Washington corridor.
Seller Washington Real Estate Investment Trust said in a statement that it had gained $1.6 million on the sale in addition to an 11.3 percent rate of return on the property [...]

Carey School leasing space in Legg’s Harbor East building

BY: Robbie Whelan
POSTED: November 17, 2009

Starting next year, students at the Johns Hopkins Carey Business School will walk to class alongside the equities analysts and fund managers whose jobs they are training for.
Carey School officials announced Tuesday that they would be leasing some 80,000 square feet of space in the new Legg Mason headquarters building in Harbor East.
The business school [...]

Realtors: home prices to rise 4 percent in 2010

BY: Associated Press
POSTED: November 13, 2009

Home prices are expected to grow modestly next year and sales will keep rising as the housing market continues to recover from the worst downturn since the Great Depression, the National Association of Realtors said Friday.

Home resales are projected to total 5.7 million next year, up from an estimated 5 million this year. Prices will [...]