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Wednesday, 22 May 2002

Mid-Atlantic Digest (5/23/02): West-side Baltimore Biotech Park Planned

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May 23, 2002

West-side biotech park planned
The Baltimore Sun

BALTIMORE – The University of Maryland, Baltimore, is taking steps to transform a swath of land west of its downtown campus into a cluster of privately owned biotechnology companies, a move that comes as the city simultaneously seeks to develop an east-side biotech park. The west-side business park, planned for a two- to three-block stretch west of Martin Luther King Jr. Boulevard and north of Baltimore Street, so far is little more than a shaded area on a map. But, unlike the project planned adjacent to the Johns Hopkins University medical complex on the city's east side, UMB's plan involves land that is largely city-owned and vacant.

Baltimore apartments to offer 'world-class living'
The Baltimore Sun

BALTIMORE – If all goes as planned, the Zenith residential tower will open in 2004 with 165 apartments, a 24-hour restaurant, secure parking and panoramic views of Oriole Park at Camden Yards across the street. The $34 million, 21-story complex will offer "a world-class living experience" with 24-hour concierge service, developer Brian D. Morris of Legacy Harrison Development said at a news conference yesterday. Many details need to be ironed out. One is whether the city would offer incentives such as property tax breaks.

Corporate Express relocating to Anne Arundel, Md., center
The Baltimore Business Journal

HANOVER, Md. – Corporate Express, a business-to-business supplier of office and computer products, announced plans Wednesday to consolidate its area warehousing and distribution facilities into a new Anne Arundel County center. The company has agreed to build a 200,000-square-foot distribution facility at Dorsey Road and Route 100 in Hanover – a move that will generate 300 jobs.

A healthier Rouse: Tower is on course
The Philadelphia Inquirer

PHILADELPHIA – Willard Rouse 3d told shareholders of Liberty Property Trust (NYSE: LRY) at their annual meeting yesterday that his cancer treatments were proving effective and that his company was on schedule to begin construction of the city's next skyscraper by year's end. The company disclosed Jan. 2 that Rouse, 59, its chairman and chief executive officer, was undergoing treatment for lung cancer. Rouse said Liberty had "no signed leases yet" for the 735-foot, 52-story building it plans to build next to Suburban Station, between 17th and 18th streets on John F. Kennedy Boulevard. "But that will change soon, I'm sure," he said of the building designed by New York architect Robert A.M. Stern.

Groundbreaking in Shadyside for 132-room Pittsburgh Marriott
The Pittsburgh Post-Gazette

PITTSBURGH – At a Shadyside groundbreaking ceremony yesterday, developers started work on a 132-room Courtyard by Marriott hotel. The building will be located at one of the busiest intersections in the city – the nexus of Centre Avenue, Baum Boulevard and Liberty Avenue. Don Allen Chevrolet owner Richard Voelker; Mentor, Ohio-based Concord Hospitality; and Sewickley-based Sierra Associates have been planning the $16 million project for almost four years.

HUD investigates city redevelopment authority
The Pittsburgh Tribune-Review

PITTSBURGH – For the past two months, criminal investigators from the U.S. Department of Housing and Urban Development have quietly conducted a federal probe of the city's Urban Redevelopment Authority. According to Hill District landowners recently interviewed by HUD agents operating out of the agency's Office of Inspector General, federal authorities are trying to build a case pinpointing possibly illegal property acquisition methods used by key Pittsburgh URA attorneys and directors.

Dynaric buys former Raytheon building in Virginia Beach

VIRGINIA BEACH, Va. – Advantis Real Estate Services Co. has sold 5740 Bayside Road in Virginia Beach, Va., to J & H Realty Corp., a real estate holding company for Dynaric, Inc. The sale price was $2.15 million. The 67,926-sf office and manufacturing /warehouse facility is in the Airport Industrial Park. Previously occupied by Raytheon, the building has been vacant for the last 18 months. The seller, Monmouth Real Estate, is a REIT based in Freehold, N.J. Clay Culbreth and Stephanie Sanker of Advantis' Norfolk office represented both parties in the deal.

Commercial Real Estate Direct provides links to full stories where available.


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Additional Info

  • Syndicate to Realpoint: No
  • Subject: Mid-Atlantic Regional Digest (MADIG)
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Data Digest







Top Bookrunners Domestic, Private-Label CMBS - 2017
Investment Bank #Deals Vol$mln MktShr%
Goldman Sachs 17.59 11,819.34 13.68
JPMorgan Securities 14.52 10,968.11 12.70
Citigroup 12.04 10,012.71 11.59
Wells Fargo Securities 14.02 9,936.06 11.50
Deutsche Bank 12.55 9,879.74 11.44




cppichart FP



CMBS 2.0 Spreads


Top CMBS Loan Contributors - 2017
Lender #Loans Vol$mln MktShr%
Goldman Sachs 146.89 11,719.34 13.63
JPMorgan Chase Bank 117.68 10,114.14 11.76
Deutsche Bank 198.48 9,689.97 11.27
Morgan Stanley 166.18 8,539.78 9.93
Citigroup 199.05 8,088.24 9.41





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