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BUSINESS
By Jay Hancock | July 17, 2005
MANY interesting and alarming things have happened to the economy in the last 15 years. But we haven't had a good old-fashioned commercial real-estate crash, the kind that had bank regulators popping Pepcid while half-finished office buildings languished for months or years. Are we paving the way for one now? Commercial real estate valuations are coming on strong even as rents and occupancies in many markets are only so-so. Of more than 200 Maryland-based mutual funds, six of the top 10-best performing in the second quarter were real estate funds, according The Sun's quarterly survey.
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TRAVEL
By Michelle Deal-Zimmerman, The Baltimore Sun | April 16, 2014
Is Ocean City the most dangerous place to live in Maryland? Even more dangerous than Baltimore? The surprising answer is yes, at least according to analysis by Movoto , a California-based real estate brokerage firm known for its data-based research of various trends and market conditions across the nation. The company this week released its list of the safest places to live in Maryland. Movoto said its report looked at places with populations of at least 5,000 and then ranked them based on FBI crime statistics in 2012.
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NEWS
By JoAnna Daemmrich and JoAnna Daemmrich,SUN STAFF Sun staff writer Joan Jacobson contributed to this article | March 19, 1996
Baltimore Comptroller Joan M. Pratt is hiring her campaign manager and former investment partner in a string of rental properties to run the city's real estate office.Julius Henson, a rising political strategist who was the architect of Ms. Pratt's victory to the city's third-highest elected position, is to start this week.As real estate officer, Mr. Henson will oversee the city's portfolio of 350 buildings valued at $3.2 billion. He will report directly to Ms. Pratt and will be paid $79,900 under a one-year contract up for approval tomorrow by the Board of Estimates.
NEWS
By Jacques Kelly, The Baltimore Sun | March 23, 2014
Eufrosyne Cavacos Breskow, a retired real estate sales agent and design gallery owner, died of stroke complications March 18 at Dove House in Westminster. The former Roland Park and Mount Vernon resident was 85. Born in Baltimore and raised in Hampden, she was the daughter of Constantine Cavacos and Pothiti Clentzos Cavacos. Her parents owned and operated a popular drugstore, soda fountain and candy store at Roland Avenue and 36th Street. As a young woman, she worked at the store and its marble-clad soda fountain.
NEWS
By Antoinette Martin and Antoinette Martin,NEW YORK TIMES NEWS SERVICE | April 1, 2002
NEW YORK - Twenty years ago, when I was a banker," recalled David Csontos, a managing director at Insignia/ESG, "real estate was a bad sector. Everybody was scrambling to get out." Now - in New Jersey, at least - said Csontos, who specializes in advising those thinking of investing in commercial real estate, it is the opposite. Investors are elbowing each other to get in. With the rate of return on stock market investment somewhere between rotten and "recovering," and bonds generating 3 percent to 5 percent, commercial real estate has taken on luster as a stable, advantageous investment, according to people in the field.
NEWS
By Robert Kuttner | March 11, 1992
A LITTLE noticed special provision in pending tax and budget legislation would restore tax breaks for real estate that were repealed in the bipartisan 1986 Tax Reform Act.Before 1986, there was a brisk market in paper real-estate tax losses. A developer could put little of his own money into a building, falsely claim the property was losing value over time ("accelerated depreciation") even though it was actually appreciating -- and then sell the paper losses to wealthy absentee investors in exchange for cash.
BUSINESS
By Herb Greenberg and Herb Greenberg,Chronicle Features | May 24, 1991
Now that life insurer First Executive is a basket case, having filed for Chapter 11 bankruptcy reorganization, what are the next insurance nightmares that short-sellers are dreaming up? I checked with a short who specializes in financial scams -- he had been screaming for years that First Exec was headed for trouble because of its junk-bond holdings and his message is: "Junk bonds are going to seem like Sunday School compared with commercial real estate."This short, who doesn't want to be identified, isn't the only one talking about a looming commercial real-estate debacle in the insurance industry.
NEWS
By Robert Kuttner | November 30, 1990
THE DUBIOUS honor of officially declaring the economy in recession used to belong to the National Bureau of Economic Research, a venerable, official-sounding private institute based in Cambridge, Mass. NBER's arbitrary definition two consecutive quarters of decline in economic output had the virtue of being precise and intuitively approriate.By that test, we are not quite in recession yet. But last Tuesday, the upstart National Association of Business Economists jumped the gun and declared a recession on the basis of a far softer, but more contemporary, indicator a poll!
EXPLORE
January 14, 2013
Dawn Wooldridge of Keller Williams American Premier Realty in Bel Air has earned the prestigious Certified Distressed Property Expert designation, having completed extensive training in foreclosure avoidance, with a particular emphasis on short sales. At a time when millions of homeowners are struggling with the possibility of foreclosure, the skills and education amassed by Wooldridge will help benefit Harford County-area residents and communities. Short sales allow the distressed homeowner to repay the mortgage at the price that the home sells for, even if it is lower than what is owed on the property.
NEWS
By Erica L. Green, The Baltimore Sun | January 1, 2011
Helen Anna Ferrell, a retired real estate agent, died of lung cancer Dec. 20 at the Cockeysville home of her daughter. She was 80. Helen Anna Ena was born in Baltimore and spent her childhood in Highlandtown with her seven siblings. She graduated from the Catholic High School of Baltimore in 1947 and married Frank J. Ferrell in 1950. The couple, who celebrated their 60th wedding anniversary in October, raised three children in Lutherville. Mrs. Ferrell obtained her real estate license in 1975, and specialized in residential real estate.
BUSINESS
By Ian Duncan, The Baltimore Sun | January 30, 2014
A federal judge authorized a class-action suit Wednesday against one of the state's largest real estate groups, after a Howard County couple accused it of running a half-million dollar kickback scheme with a title insurance company. A suit filed in Baltimore by home buyers Christine and Patrick Baehr alleges The Creig Northrop Team, which has offices across central Maryland, of illegally accepting payments from Lakeview Title in exchange for sending the firm business. "We are pleased with the court's ruling, and we will continue to to vigorously prosecute this class action on behalf of our clients," said the couple's attorney, Gregory T. Lawrence of Baltimore law firm Conti Fenn & Lawrence.
BUSINESS
By Natalie Sherman, The Baltimore Sun | January 17, 2014
The days of the cushy corner office for top law partners may be numbered. Maybe. On average, law firms still occupy up to three times the space per worker as companies in banking, finance, insurance and technology, according to a national study by commercial real estate broker Cushman & Wakefield. But with increasing pressure on firms to lower costs, that's expected to change, which has significant implications for office space in downtown Baltimore. Law firms occupy about 13 percent of Baltimore's top-tier office space, with many smaller firms leasing in older buildings, according to a 2013 report by commercial real estate firm Jones Lang LaSalle.
NEWS
By Frederick N. Rasmussen, The Baltimore Sun | December 23, 2013
Ann N. Libov, whose career in real estate sales spanned more than 30 years, died Dec. 16 of multiple myeloma at her Pikesville home. She was 73. The daughter of a salesman and a homemaker, Ann Scheuer was born in Baltimore and raised on Fallstaff Road in Northwest Baltimore. She was a 1958 graduate of the Park School and earned a bachelor's degree in 1962 from what is now Towson University. After earning her real estate license, Mrs. Libov when to work for Fiola Blum Inc., a Northwest Baltimore real estate firm.
NEWS
By Frederick N. Rasmussen, The Baltimore Sun | December 16, 2013
Efie Robert Barnett, a retired real estate agent, died Sunday of respiratory failure at her Timonium home. She was 79. Efie Hadjiapostolou was born and raised in Athens, Greece, where she was also educated. She married Dr. Robert Barnett in Athens. "She met my father when he was an Air Force physician stationed in Athens," said a son, Dr. Robert Barnett who lives in Westminster. "They married in 1958 and came to Baltimore. Because people in Greece do not have middle names, she gave herself the middle name of Robert after she came here.
NEWS
By Jacques Kelly, The Baltimore Sun | December 5, 2013
Garnette Lynch Brant, a retired real estate saleswoman who also had a Waverly consignment shop, died of congestive heart failure Nov. 19 at Stella Maris Hospice. She was 93 and lived in Lutherville. Born Mary Garnette Lynch in Yadkin County, N.C., she was raised in Winston-Salem. She was the daughter of Sallie Wishon Ledbetter, an R.J. Reynolds Tobacco Co. employee, and Luther Lynch, a carpenter. She graduated from Bowman Gray High School in 1937 and became a bookkeeper. In 1940, she left Winston-Salem and moved to Washington, D.C., to work in Army intelligence.
NEWS
By Jacques Kelly, The Baltimore Sun | December 4, 2013
Arthur Lee Shreve Waxter, a Towson and Bolton Hill real estate developer who was a former Maryland Arts Council chairman, died of cancer Sunday at Talbot Hospice House in Easton. The longtime Roland Park resident was 87. Born in Baltimore and raised on Lombardy Place, he attended Roland Park Elementary School and spent his summers at Ocean City 's Plimhimmon Hotel, the 1894 frame hostelry on Second Street at the boardwalk. It had been founded by his great-grandmother, Rosalie Tilghman Shreve.
NEWS
By Jacques Kelly, The Baltimore Sun | March 19, 2013
Frank Simms Dudley Jr., an Eastern Shore real estate broker and property appraiser, died of complications after surgery March 3 at the University of Maryland Medical Center. The former Baltimore resident was 93. Born in Baltimore, he was the son of Frank S. Dudley, a banker, and Edith Shriner, a homemaker. He lived on Roland Avenue and attended Roland Park Country School before graduating from Gilman School in 1939. His studies at the University of Virginia were interrupted by his service in the Navy during World War II. A lieutenant, he commanded a sub chaser and initially patrolled anti-submarine nets off the New York Harbor and later off San Diego and San Francisco.
BUSINESS
By Scott Dance, The Baltimore Sun | December 3, 2013
MedStar Health has laid off 74 people in its real estate and facilities management departments as the hospital system transfers those functions to a contractor, which plans to hire back the workers, Medstar officials said. The Columbia-based company cut 19 jobs at MedStar Good Samaritan Hospital, 29 jobs at MedStar Harbor Hospital and 26 jobs at MedStar Union Memorial Hospital, according to a notice provided to the state Department of Labor, Licensing and Regulation. MedStar said in a statement it has hired real estate firm CBRE to handle its facilities management and real estate services.
NEWS
AEGIS STAFF REPORT | November 18, 2013
The following Bel Air-area real estate professionals were recently honored by EXIT Realty Corp. International: • Gregory Vurganov, an agent with EXIT Preferred Realty in Bel Air, received the Silver Award which is given in recognition of achieving 50-plus closed transaction sides from July 1, 2012 to June 30, 2013. • Matthew Smoot, an agent with EXIT Preferred Realty in Bel Air, received the Bronze Award which is given in recognition of achieving 25-plus closed transaction sides from July 1, 2012 to June 30, 2013.
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