Around The Region

AROUND THE REGION

December 02, 2008

Tide Point office park for sale for $102 million

Tide Point, the former Procter & Gamble factory redeveloped into a waterfront office park in Locust Point, is on the market for $102 million, including about $40 million in assumed debt. The five-building office campus, plus a warehouse being converted for Tide Point's largest tenant, Under Armour, has sparked interest from potential buyers, said Bo Cashman, a senior vice president in CBRE's Investment Properties Capital Markets Group. The firm is handling the sale for owner and Baltimore-based developer Struever Bros. Eccles & Rouse. The firm is looking to generate cash to invest in other projects in Baltimore and elsewhere, sources said. Struever Bros., which developed the property between 1999 and 2001, hopes to find a joint venture partner rather than pursue an outright sale, which would mean a seamless transition for tenants, said Cashman, calling the development a "trophy property for Baltimore" that is 100-percent leased. Tide Point, Struever's headquarters, is now home to 15 tenants that employ more than 1,200 workers.

Lorraine Mirabella

Firefighters rescue man from his burning home

Baltimore firefighters rescued an 85-year-old disabled man from his burning home yesterday afternoon after a bystander twice tried to save the man but was turned back by heavy smoke and flames. The victim, James Chavis, suffered burns and smoke inhalation and was in critical condition at Johns Hopkins Bayview Medical Center, said a burn center spokeswoman. Kevin Cartwright, a city Fire Department spokesman, said the fire was reported in a two-story rowhouse in the 1900 block of E. Lanvale St. about 1:30 p.m. Chavis and his wife were in the East Baltimore home at the time. Shortly before firefighters arrived, Derrick Tolliver, a passer-by, entered the burning dwelling twice to try to rescue the man, who uses a wheelchair. Tolliver was not injured. Cartwright said firefighters found the occupant on the first floor and carried him to safety. The man's wife, also 85, fled through a back door and was not injured. Cartwright said the fire was brought under control in about 15 minutes.

Richard Irwin

Citizens group to discuss State Center project

The Citizens Planning and Housing Association will hold a panel discussion about the proposed State Center development project at its annual meeting tonight. Representatives of the project's developers, area residents and the Baltimore branch of the NAACP will discuss the proposal for a $1.6 billion, mixed-use redevelopment around the state's 28-acre office complex in midtown Baltimore. Zoning changes needed for the project go before the City Council on Thursday. The meeting is scheduled from 5:30 p.m. to 8 p.m. at the University of Baltimore's Thumel Business Center, 11 W. Mount Royal Ave.

Ingenuity Project to hold open houses for students

The Ingenuity Project, which runs an accelerated math and science program in city schools, will hold open houses for prospective middle-schoolers. The first will be at 5 p.m. tomorrow at Mount Royal Elementary/Middle School, 121 McMechen St. The second will be at 5 p.m. Dec. 9 at Roland Park Elementary/Middle School, 5207 Roland Ave. Information: 410-662-8665.

Insufficient aid for workers at Rosewood, union says

The union representing workers at the soon-to-be-closed Rosewood Center in Owings Mills says the state isn't doing enough to help 300 employees facing layoffs. The Maryland Classified Employees Association says Rosewood workers were told they would be given help in seeking other state jobs, but workers say they have received only resume-preparation help, not placement aid.

Associated Press

Pasadena woman riding scooter dies in collision

A woman riding a scooter was killed when she collided with a car in Pasadena on Sunday night, Anne Arundel County police. Judy Lynn Wright, 50, of the 200 block of Southwood Road in Pasadena was thrown from her scooter after she crashed into a 2007 Toyota Scion near Magothy Beach Road and D Street about 7:30, police said. Wright, who was wearing a helmet, was taken to Baltimore Washington Medical Center, where she was pronounced dead. The driver of the Scion, Jessica Ann Wurtzer, 18, of the 600 block of D Street, was not injured, police said. Wurtzer told police that she had been heading east on D Street and stopped at the intersection with Magothy Beach Road and looked for traffic before proceeding. Wright's scooter struck the side of the Scion as it was in the intersection, police said.

Julie Scharper

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