PGIM and an investment management firm secured financing for the acquisition of a portfolio of mid-sized distribution and manufacturing facilities in and around Baltimore, a deal the venture said highlights institutional investors' appetite for light industrial properties.
In a rare pullback by a U.S. discounter, Grocery Outlet is closing three dozen underperforming stores this year, most on the East Coast, even as other lower-cost supermarket chains such as Aldi and Lidl are rapidly expanding their retail property nationally.
Hotel investment across the five major Northeastern hospitality regions accelerated between 2024 and 2025. In aggregate, the regions of New York, Washington, D.C., Boston, Philadelphia and Baltimore saw transaction volume jump from $3 billion in 2024 to $4.4 billion in 2025, an increase of nearly 50%.
Meet the top commercial real estate firms and brokers in the Baltimore market who have been recognized as CoStar Power Brokers for their exceptional dealmaking.
United Parcel Service plans to close at least 22 sorting facilities and truck terminals this year to cut costs as it intentionally shrinks its shipping business with online retailer Amazon.
Armada Hoffler Properties is shedding its name, its apartments and its construction arm in a sweeping strategic pivot that strips the company down to its retail and office core and sets the stage for a series of pending asset sales expected to close in 2026.
An increase in industrial sales led to a year-over-year jump in commercial real estate deal volume in the Baltimore area, though a sharp drop in retail transactions almost offset the broader increase from 2024.
A prominent industrial deal handled by Eastdil Secured and a multifamily disposition arranged by CBRE are among the top fourth-quarter property sales recognized by CoStar.
Prominent retail leases signed by Brick Bodies, Bob's Discount Furniture and A&M Appliances negotiated by top dealmakers from Hill Management Services, H&R Retail and Kite Realty Group Trust are among the fourth-quarter retail leases recognized by CoStar.
Prominent industrial leases signed by American Sugar Refining, Thuma and Lineage Logistics negotiated by top dealmakers from JLL and MacKenzie Commercial Real Estate Services are among the fourth-quarter industrial leases recognized by CoStar.
Prominent office leases signed by Baker Donelson, Maryland Department of Budget and Management, and DAP negotiated by top dealmakers from CBRE are among the fourth-quarter office leases recognized by CoStar.
St. John Properties has promoted DJ Andrew to senior vice president of property management, elevating him to a key leadership role within the Baltimore‑based commercial real estate firm's national operations.
Avison Young expanded its industrial services team with the addition of Ronan Remandaban as principal and Jesse Miranda as vice president in Chicago. The brokerage said it will advise clients in areas including acquisitions, development, site selection and procurement of electric power as Avison Young seeks to broaden its Midwest services geared to infrastructure, advanced manufacturing and related industrial property categories.
Baltimore’s multifamily market is showing a clear split between suburban strength and urban softness, with outlying counties posting the strongest rent gains while several city neighborhoods contend with rising vacancies and rent declines.
Macy’s is kicking off the new year by identifying the next round of underperforming stores it plans to close, 14 across a dozen states, as it executes its turnaround strategy.
SRS Real Estate Partners said Mike Erwin, Tucker Hohenstein and Hank Jenkins joined the brokerage as it seeks to expand its Southern California industrial-focused services. The veteran three-member team, formerly with Colliers, is based in SRS' San Diego-area office.
MCB Real Estate has completed its acquisition of Epic Real Estate Partners, taking on the operation of a sprawling 2.2 million-square-foot portfolio of 15 grocery-anchored shopping centers that spans 10 states.
National furniture retailer American Signature is seeking a bankruptcy court's approval to put most of its stores and distribution centers up for sale in a move that faces opposition and may signal the company's potential liquidation.
