Archive for the ‘real estate-construction’ Category

ANNAPOLIS – Habitat for Humanity of the Chesapeake will kick off a Jimmy and Rosalynn Carter Work Project on Oct. 5th with construction of ten new homes for current residents of public housing.  It is part of the group’s effort to build sustainable and green communities through neighborhood revitalization, and it has already built or renovated 13 homes on Clay Street.  The former Prez is expected to be on hand in a grand return to our land of the Yankee Imperialist Dog after negotiating the release of yet another hostage from North Korea.

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ANNAPOLIS – New York-based REIT Home Properties Inc. purchased Annapolis Roads at 1101 Lake Heron Drive in from Dubin Development Co.  The 1970s-era development went for $32.5 million, or about $115,250 per unit.

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ANNAPOLIS – The National Investment Center said overall construction activity for senior housing in the second quarter was 1.9% of existing inventory, which is unchanged from Q1.  There are 9,372 units under construction in the 31 largest metro areas, with 1,659 of these units within construction projects started during 2Q10.

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GLEN BURNIE – Dr. Gallagher’s Convenient Dental sold the Gallagher Building at 7951 Crain Highway to HWK & KS Investments LLC for $1.19 million, or about $198 per square foot.

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ANNAPOLIS – Purple Cherry Architects will serve as the local architect for the planned office of the Maryland National Capital Park & Planning Commission in Capitol Heights, Md.  The firm will assist Architects Design Group on the $6.7 million, 35,000 square foot project to be built with sustainable design elements.

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SEVERNA PARK – Anne Arundel County Association of Realtors sold the office buildings at 555 Benfield Road and an accompanying property at 513 Center Drive to Garden Equities LLC.  Price was $1.1 million, or about $124 per square foot.

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ANNAPOLIS – The county council approved use of $24 million in federal stimulus funds as part of a financing package for Cedar Hill, a 321-acre residential and flex/office industrial project.  Developer Cherrywood Development, LLC worked with the county and Anne Arundel Economic Development Corporation to create a special taxing district for the designated revitalization area. 

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ANNAPOLIS – Chesapeake Lodging Trust has obtained a $115 million, two-year revolving credit facility with a syndicate of banks.  The maximum amount it can borrow is based on the value of the company’s hotel properties.

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ANNAPOLIS – Include Software has purchased a 3,290 square-foot office at Annapolis Towne Centre.  The firm, which developed business management software, is the first to settle in the 47,000 square foot class A office condominium building.  MacKenzie Commercial Real Estate assisted with the transaction.

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LAUREL – Construction is underway at Johns Hopkins University Applied Physics Laboratory for a new spacecraft assembly and testing facility.  The $30-million facility will include optics laboratories, mechanical assembly areas and a high-bay clean room area capable of supporting classified or unclassified integration, and test operations.  To open in Fall 2012, the building will support APL’s mission to in turn support NASA and DoD.

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