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NEWS
November 21, 2007
2 Fortune 300 firms going to Maple Lawn Two Fortune 300 companies have signed leases for a total of 15,800 square feet at Maple Lawn, a mixed-use community in Fulton that will have more than 1.6 million square feet of commercial office space when it is completed. The 600-acre project, which is also to include about 1,340 residential units and 180,000 square feet of retail space, is owned and developed by Greenebaum and Rose Associates. The Guardian Life Insurance Co. will occupy 8,000 square feet at 8161 Maple Lawn Blvd.
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BUSINESS
November 18, 2007
BUNGALOWS GWYNN OAK 2006 Windsor Place-- $189,900 The property -- three bedrooms, one bath, 832 square feet Taxes -- $1,966 Features -- Located in the Windsor Terrace neighborhood in Baltimore County, this 1935 bungalow has an above-ground swimming pool and a new privacy fence. The kitchen, windows and bath also have been updated. BALTIMORE CITY 3109 Louise Ave. -- $229,900 The property -- three bedrooms, two baths, 1,240 square feet Taxes -- $2,991 Features -- This updated bungalow, originally built in 1926, has new paint and Berber carpet, refinished hardwood floors, finished basement, hot tub, a patio with a fenced backyard and a one-car garage.
BUSINESS
By KEN HARNEY | October 14, 2007
Though the housing and real estate industries oppose the plan, a key House committee leader's proposed "carbon tax" cutbacks on mortgage interest deductions are attracting strong support from environmental and scientific groups. Rep. John Dingell, D-Mich., chairman of the powerful House Energy and Commerce Committee, wants to phase out mortgage interest write-offs for houses larger than 3,000 square feet, using a graduated scale that ends at zero deductions for properties with 4,200 square feet or more.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,SUN REPORTER | September 14, 2007
Two projects to transform large swaths on both sides of Baltimore's Middle Branch waterfront are moving forward, including a sports-themed office and recreation park south of M&T Bank Stadium and a mix of new homes, shops, offices and a hotel along Westport's formerly industrial shore. Gateway South, a sport-themed project planned for Russell Street to the Middle Branch, won city design approval yesterday for its master plan. Cormony plans The lead developer, Cormony Development, would build two large office buildings, one possibly as an iconic, football-shaped tower; a 90,000-square-foot sports complex with playing fields and recreational activities such as indoor golf, a fitness center and swim club; and shops.
BUSINESS
By Ken Harney | August 24, 2007
To add to mortgage meltdown miseries, the credit panic, plunging home sales and rising foreclosures, here's a new worry: a proposed cutoff of mortgage-interest tax deductions for all houses with more than 3,000 square feet. One of Capitol Hill's most experienced and powerful legislators is drafting a "carbon tax" bill that would do precisely that. Rep. John D. Dingell, the Michigan Democrat who heads the Energy and Commerce Committee, expects to introduce comprehensive climate change reform legislation once the House returns next month.
NEWS
By Larry Carson and Larry Carson,sun reporter | July 31, 2007
After weeks of debate, the Howard County Council unanimously approved yesterday an amended package of Ulman administration legislation intended to give environmentally friendly development a strong push. "I believe this county moved forward dramatically," County Executive Ken Ulman said after the vote. Greg Fox, the five-member council's lone Republican, disagreed, saying, "It was gutted to the point where it was responsible." Fox earlier tried to have the package tabled, saying the council needed more time to consider the complex legislation.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,Sun reporter | July 6, 2007
A developer's vision to transform the formerly industrial shores of the Middle Branch into a $1.4 billion community of homes, offices, shops and a hotel got final master plan approval yesterday from Baltimore's Urban Design and Architecture Review Panel. Turner Development Group plans 2,000 condos, apartments and townhouses, 300,000 square feet of shops, 3 million square feet of office and entertainment uses and two hotels on 50 acres of waterfront land the developer has acquired in Westport.
NEWS
July 1, 2007
Truth be told, James R. Daly would like to stay right where he is: four miles from Fort Monmouth, N.J., 15 minutes from the Atlantic Ocean, about an hour and a half south of New York City. But in his business, you follow the client, and part of his team has already moved to Harford County in anticipation of the base realignment and closure process. It's called being prepared. The expected influx of thousands of jobs to Maryland from BRAC is driving the development of millions of square feet of commercial office space in counties hoping to lure a lucrative commodity: the private contractor.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,Sun reporter | June 7, 2007
Real estate investment manager RREEF has purchased a three-building industrial portfolio in Columbia for $125 million and is marketing the warehouse and distribution space to national and local companies, the buyer said yesterday. RREEF, a division of DB Real Estate, the real estate investment management group of Deutsche Asset Management, bought the buildings in Gateway Commerce Center at Route 175 and Interstate 95 from INVESCO PLC, the company said. RREEF manages $40.5 billion in pension fund real estate investments for more than 480 corporate, public and international clients.
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