Real estate groups offer seminar on recession

REAL ESTATE NOTES

November 24, 1991|By Edward Gunts

Recognizing that a recession can have dramatic effects on real estate values, two local real estate groups have put together an educational seminar to give property owners advice on evaluating and appealing their property tax assessments.

"Understanding the Property Tax Assessment Process in a Depressed Real Estate Market," is the title of a seminar sponsored by the Maryland chapter of the National Association of Industrial and Office Parks and by the Building Owners and Managers Association of Baltimore. The co-sponsors are Lipman Frizzell & Mitchell, a real estate appraisal firm, and the law firm of Miles & Stockbridge.

During the two-hour presentation, a panel will discuss how property tax assessments are determined, the methods of valuing real estate, and how to challenge and present a tax assessment appeal to the state appeals board and Maryland Tax Court.

Speakers include Richard Levine and K. Donald Proctor of Miles & Stockbridge; Roy Sleeman, supervisor of assessments for Baltimore; Robert Dowling, supervisor of assessments for Baltimore County; M. Ronald Lipman of Lipman Frizzell & Mitchell; Judge Walter C. Martz II, associate judge of the Maryland Tax Court; and Robert L. Zouck, clerk of the Maryland Tax Court.

The seminar will be held at the Towson Sheraton Hotel, Fairmount Avenue and Dulaney Valley Road in Towson, Dec. 18 starting at 8 a.m. The seminar is free and open to the public, but advance registration is requested by Dec. 13 through NAIOP/BOMA at (410) 752-3318.

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Around the region:

* Honora M. Freeman, president of the newly created Baltimore Development Corp., will discuss the organization's initiatives and its role in shaping the city's future during a "Business over Breakfast" meeting sponsored by the Downtown Partnership.

The meeting will be held Dec. 13 from 8 a.m. to 9:30 a.m. at the National Aquarium in Baltimore, 501 E. Pratt St. The breakfast is free for members of the Downtown Partner ship and $10 per person for non-members. Reservations can be made through the partnership at 244-1030.

* The Baltimore Corporation for Housing Partnerships has completed seven town houses in the 2300 block of McCulloh Street, in the Reservoir Hill section of West Baltimore. Prices for the houses range from $71,500 to $72,500. Down payments are as low as $2,200, and monthly payments are less than $525, as a result of city and state funding assistance. More information is available from Joan Ewing of BCHP at 889-4665.

* The Greater Baltimore Board of Realtors has received a $5,000 Minority Outreach grant from the National Association of Realtors Office of Equal Opportunity. The GBBR will use the grant to "advance the cause of equal housing opportunity in Baltimore."

* Struever Bros., Eccles & Rouse will be the construction manager for the Johns Hopkins University's $2.5 million conversion of four town houses at 601 to 607 N. Charles St. to a hostel for senior citizens. Murphy & Dittenhafer is the architect.

* Kelly Clayton & Mojzisek is the architect for a four-story, 25,000-square-foot Christian education building that will be added to the City Temple church at 313-315 Dolphin St. in the Mount Royal Plaza urban renewal area. The church has launched a drive to cover the cost of the expansion, and construction is scheduled to begin next spring.

* The former Hotel Junker at 22 E. Fayette St., now an office building, is under contract of sale to an unknown buyer. Bill Michael of C. B. Commercial, the listing agent, said he could not identify the buyer but expects the sale to take place before the end of the year.

* Judy Morris has joined the Towson Lutherville office of O'Conor, Piper & Flynn Realtors.

* Herbert Davis Associates has opened an office at Thames and Fell streets in Fells Point.

* Luke Moody has joined the Patuxent division of Washington Homes as divisional sales manager.

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