NEWS
By Hanah Cho | October 30, 2009
Columbia-based Corporate Office Properties Trust said Thursday that it paid $125 million to acquire Baltimore developer Edwin F. Hale Sr.'s 1st Mariner Tower and surrounding land slated for a large waterfront development. COPT, which already held a $30 million secondary loan on the office building, invested $95 million more to close the deal that also included a parking lot, a utility distribution center and development rights to four waterfront lots associated with the Canton Crossing planned development, said Roger Waesche Jr., COPT's chief operating officer, during a conference call with analysts to discuss the company's third-quarter earnings.
NEWS
October 28, 2009
COPT buys 1st Mariner Tower, waterfront land in Canton Columbia-based office developer Corporate Office Properties Trust said Tuesday that the company has bought Baltimore developer Edwin F. Hale Sr.'s 1st Mariner Tower in Canton, along with surrounding land slated for a large waterfront development of offices, shops, a hotel and a marina, for an undisclosed price. Hale had defaulted on an $84 million loan on the 17-story Canton Crossing office tower in September, and last week the Paris-based lender Natixis SA withdrew its foreclosure action and canceled a planned sale.
NEWS
By FRANK ROYLANCE | September 13, 2009
Next weekend marks the sixth anniversary of Tropical Storm Isabel's deadly tromp across Central Maryland. The storm made landfall Sept. 18 near Ocracoke, N.C. with top winds of 105 mph. It quickly weakened. But Isabel's storm surge flooded the Chesapeake waterfront, including Baltimore, Annapolis and many bayshore communities. Seven people died in Maryland, and damages came to more than $1 billion.
NEWS
By The Washington Post | August 6, 2009
Budd Schulberg, an Academy Award-winning screenwriter who wrote about corrosive ambition and power in "On the Waterfront" and "A Face in the Crowd" and in best-selling books such as "What Makes Sammy Run?," died Aug. 5 at his home in Westhampton, N.Y. He was 95. Mr. Schulberg was the son of a Hollywood producer whose fortunes rose and fell dramatically. As a result, he once said he was intrigued by "how suddenly [people] go up, and how quickly they go down." He used his insider knowledge of Hollywood politics to write his first novel, "What Makes Sammy Run?"
NEWS
By Edward Gunts | July 7, 2009
The push for intense development along the water's edge can be traced largely to the administrations of Kurt L. Schmoke and Martin O'Malley, who recognized the water's ability to draw businesses of all kinds. From the 1960s to the 1990s, the city had strong restrictions on waterfront development. Its master plan called for low- and mid-rise buildings close to the water and taller buildings several blocks inland, a strategy that limited the amount of new construction along the water's edge.
NEWS
By The Washington Post | July 2, 2009
Karl Malden, an Academy Award-winning actor who excelled in plain-spoken, working-class roles, including the awkward Mitch in A Streetcar Named Desire and a brave priest in On the Waterfront, died Wednesday at his home in Los Angeles. No cause of death was immediately disclosed. He was 97. Mr. Malden's bulbous nose and thinning hair made him one of the most familiar sights in movies and on television for five decades. In the 1970s, he became known to millions of viewers as a police veteran who partners with a young inspector played by Michael Douglas on the ABC drama series The Streets of San Francisco.
NEWS
By Timothy B. Wheeler | June 19, 2009
State and local officials are looking to buy a 190-acre waterfront farm in eastern Baltimore County from a developer, even though the partly wooded spread on Back River scored poorly on a rating system the state uses to rank potential purchases for parkland. No deal has been reached, and no one would reveal what price has been discussed with developer Mark C. Sapperstein, who says he has spent at least $6 million to buy and improve the land. But county officials, who paid Sapperstein more than the appraised value of another property two years ago, say they would be "very interested" in acquiring Bauer's Farm to preserve it from development and to expand public access to the river and Chesapeake Bay. "Anytime Baltimore County could preserve a couple hundred acres of prime waterfront property and add it to the county's park inventory, that would always get our interest," said Don Mohler, spokesman for County Executive James T. Smith Jr. The farm, with nearly a mile of shoreline, adjoins 1,360-acre North Point State Park, which has a wading beach, fishing pier and hiking trails.
NEWS
By Tim Smith | June 18, 2009
Faith, family, friendship - not to mention sexual abuse, illness and death. These are just some of the issues that will be addressed during the 28th Baltimore Playwrights Festival, in works that cover the stylistic waterfront - comedy, drama, and the festival's first musical - and that are set in a variety of places and times, including Thanksgiving and Passover. "It's a pretty eclectic group of plays," says Bob Russell, former owner of the Spotlighters Theatre and a two-decade veteran of the festival's organizational team.
NEWS
May 7, 2009
Baltimore is rated 3rd-best city for recent grads Baltimore ranks third on a list of best cities for recent college graduates compiled by Apartments.com and CBcampus.com, the groups announced Wednesday. Indianapolis was at the top of the list, followed by Philadelphia, Baltimore, Cincinnati and Cleveland. The rankings were determined by rating U.S. cities on the bases of highest concentration of young adults, inventory of jobs requiring less than one year of experience and the average rent cost for a one-bedroom apartment.
NEWS
By Michael Dresser | April 26, 2009
Once a gritty neighborhood on Southeast Baltimore's industrial waterfront, Canton has transformed itself into a model of urban chic where million-dollar townhouses overlook the harbor and destination night spots surround O'Donnell Square. But many residents of the resurgent community worry that the city's preferred route for an east-west transit line would cut off Canton from the water, drag down property values and compound the area's already serious traffic and parking problems. They're organizing to oppose the plan known as Alternative 4-C - which has powerful support and could well be chosen when the Maryland Transit Administration decides this summer.