Archive for the ‘Baltimore City’ Category

New: Fells Point Investment property for sale. Property features $72,000 per year gross income potential from 4 individual units located at 1924 and 1926 Fleet St. Properties consist of two commercial spaces as well as two apartments. Offered at 8% capitalization rate, roughly $160/sq. ft.
Mixed use buildings collectively consist of 4,290 sq. ft. +/- and [...]

We are pleased to note that one of our own commercial/retail properties is now available for lease. FULL DISCLOSURE: Blevins Wist Real Estate Principals are the owners of this space and are both licensed real estate agents.
For more information on this Fells Point commercial space for lease , please visit this page: View Listing.
The property [...]

In a sign of the times more poignant than most, Vito Simone, a Baltimore real estate agent and president of the Greater Baltimore Board of Realtors (GBBR), has filed for Chapter 7 bankruptcy protection and has listed debt totaling $3.9 Million.
The filing includes mention of debt owed to 66 creditors from various companies, including Baltimore [...]

Good news (kind of) for homeowners in Baltimore and other small “pockets” in the vicinity, i.e. - home values are “rising” faster in the city than anywhere else in Maryland, likely the result of the plethora of affordable homes offered in the Baltimore real estate market.
The bad news is that this “good news” is confirmed [...]

Harborplace & The Gallery, the centerpiece of a 1980s reinventing of once-beleaguered Baltimore City and still the tourism focus of the city, is for sale. Alas, this doesn’t represent a significant step forward for the city or the popular destination, but merely another footnote in the carnage of the recent financial downturn.
The properties, owned by [...]

A plan presented yesterday to a Baltimore City panel by developer Lexington Square Partners shoed a 28-story apartment tower along with a 120-room hotel, a restaurant and a series of moderately-sized boutiques and stores. The development, which is to be put together in the area bounded by Lexington, Howard and Fayette Streets and Park Avenue, [...]

In a move to keep the community fiber of historic Mt. Vernon as clean as possible, councilman William H. Cole IV introduced a bill last week that would restrict the operating hours of any convenience store located in the area. The move comes amid plans by 7-Eleven to open a store near the Washington Monument. [...]

There has been quite a bit of reporting lately about the housing downturn - so much, in fact, that referring to it as “quite a bit” is a major understatement. Despite the stories of massive losses in homeowner equity, however, a recent report by the Federal Housing Finance Agency indicates positive net home values over [...]

A quick glance through the Baltimore Sun today led me to the news that Tide Point, the former Proctor & Gamble factory that was developed on the Locust Point waterfront in the late 1990s through 2001, is for sale for $102 Million, of which $40 Million is assumed debt. From the Sun article:
The five-building office [...]

Baltimore City, in an attempt to garner more revenue to feed the black hole that is the city’s budget, has recently contacted over 200 property owners whom city officials feel have improperly benefited from tax breaks to which they were not entitled. According to the Baltimore Sun:
Owners are being targeted because city and state officials [...]