News

Owners of and investors in distressed office assets throughout the Mid-Atlantic are facing limited options as vacancy rates rise, interest rates remain elevated, and refinancing proves difficult if not impossible. “We are seeing increased delinquency with commercial mortgage-backed securities (CMBS) loans, and what happens next is very clear, leaving precious…

A bold vision for a derelict building, combined with expertise in structuring capital stacks with tax credits, has sparked multiple redevelopment projects in Upton. The vision began with Dr. Alvin Hathaway, CEO of Beloved Community Services Corporation, who set out to transform the former PS103 building into the Justice Thurgood…

The renaissance of downtown Baltimore City is on the right track, but local stakeholders are being encouraged to adopt a “growth mindset” to keep momentum going and alter the negative perceptions still held by many outsiders. P. David Bramble, Mohan Suntha, and Lou Kousouris were among the panelists at Bisnow’s…

Get the latest news from the CREDA Maryland Community. Continental Realty Corporation has completed an acquisition of a 14-property retail portfolio spanning seven states and encompassing more than 2 million square feet of retail space from US Properties Group, which was represented by CBRE. Click here for more.  MacKenzie…

The office sector may have experienced a few challenging years. Yet winners of the CREDA Awards of Excellence managed to successfully complete development of a best-in-class Class A office building, fit out of an extraordinary regional headquarters in an older building, and a “speed to mission solution” for defense industry…

In a busy and land-constrained region, industrial property developers have to be creative and expert to make new projects work. Winners of the CREDA Awards of Excellence successfully converted a fly ash dump and two shuttered factories into industrial campuses, and created a state-of-the-art industrial facility that includes the warmth…

  Real estate ventures have the ability to transform communities. On a long-blighted, 3.3-acre site a mile from Morgan State University (MSU), MCB Real Estate embarked on a plan to create the first privately built, off-campus housing development for MSU in 20 years. The venture faced the predictable challenges of…

Inspired design and expert construction transformed the historic Crisp Memorial Church into a modern and vibrant learning annex for Baltimore City Public Schools’ Maree G. Farring Elementary School. To ease overcrowding at the school, the three-story, 29,000-square-foot addition provides 13 classrooms and administrative space. The renovation transformed the former…

The Under Armour Flagship Brand House is nothing short of extraordinary. Positioned on the ground floor of Under Armour’s signature mass timber headquarters in Baltimore Peninsula, the 24,000 square foot, state of the art retail environment was designed to epitomize the Under Armour brand and serve as an anchor…

Lawrence F. Maykrantz, President and Chief Executive Officer of St. John Properties, Inc. was named winner of the CREDA Lifetime Achievement Award, based on his accomplishments in acquisition and disposition, development, and investments for more than 44 years, as well as his continued support of CREDA Maryland and the…