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Baltimore Commercial Real Estate News From CoStar Group

CoStar Group, Inc. is the leading provider of information services to commercial real estate property investors and sales professionals in the United States and United Kingdom. CoStar's suite of services offers access to the most comprehensive database of


ReadyCap Securitizes $164.96 Million of CRE Loans

Tue, 20 Mar 2018 06:15:36 GMT

ReadyCap Commercial LLC, an Irving, TX-based lender specializing in small-balance commercial real estate loans, securitized $164.96 million of newly originated first-lien, fixed rate CRE loans. Ready Capital Mortgage Trust 2018-4 is backed by 50 fixed-rate assets, including 47 whole mortgage loans and three senior participation interests in whole mortgage loans, each secured by first liens on 54 commercial and multifamily properties. According...

Lee Chesapeake Tapped to Manage 250,000-SF Office Park Portfolio in Maryland

Mon, 19 Mar 2018 09:39:35 GMT

698 Corporate Center Ct. at the Carroll County Commerce Center in Westminster, MD NI Business Park Leasing tapped Lee Chesapeake Property Management, a division of Lee & Associates Maryland, to handle management services at the Carroll County Commerce Center and Northwest Business Center office parks in Westminster and Owings Mills, MD, respectively. Michelle Kimos, director of property management at Lee Chesapeake, will oversee the asset...

St. John Properties Promotes Severn to Director of Development

Mon, 12 Mar 2018 12:50:29 GMT

Danny Severn has been promoted to director of development at St. John Properties. In his new role, the former director of leasing will oversee the day-to-day operations of the company's development projects in Virginia and the Central Maryland region. Severn has been with the company for nearly a decade, joining the firm in 2009. Severn holds a bachelor's degree in political science from York College and a Master's Degree from the Edward St...

Freedom Mortgage Renews 13,000-SF Lease at Columbia Gateway

Fri, 09 Mar 2018 09:13:43 GMT

Freedom Mortgage Corp., a government-insured residential mortgage lender out of Mount Laurel, NJ, renewed its 13,000-square-foot lease on the first floor at 7120 Samuel Morse Dr. in Columbia, MD. Known as Building E, the 100,113-square-foot, three-story building was constructed in 2005 within the Columbia Gateway office park in greater Baltimore's Columbia South submarket. Freedom Mortgage shares the building with Wexford Health Services, Berkshire...

Kaiser Permanente Purchases Land in Columbia Gateway for Future MOB

Fri, 09 Mar 2018 06:54:55 GMT

Kaiser Permanente has acquired a 10.29-acre parcel of land in Columbia, MD, where the Oakland-based managed care consortium plans to develop a new 90,000-square-foot medical office building. The Howard Research & Development Corp. sold the vacant land for approximately $10.3 million, or $1,000,971.82 per acre. The parcel, located in the Columbia Gateway Corporate Park in Howard County, is known as parcel T-8 on John McAdam Drive, and includes frontage...