Real Estate Weekly - 10/19/12 | Maryland Daily Record

Providence Center?s products sold at Maryland Green Designer Show Home

Providence Center, a Glen Burnie-based nonprofit organization that serves adults with developmental disabilities, said its products will be featured and sold at the Maryland Green Designer Show Home, a home built by Baldwin Homes. Mike Baldwin, president and CEO of Baldwin Homes, an Anne Arundel County-based builder specializing in green and energy-efficient homes, is a member of one of Providence Center?s founding families. The home is located at 1760 Holladay Park Rd. in Gambrills. Pottery from Providence Center?s studio in Arnold and wood products from its woodshop in Millersville will be among the items available.

Kamenetz names N. Scott Phillips to Baltimore County Planning Board

N. Scott Phillips, an attorney and resident of Woodstock, has been appointed by Baltimore County Executive Kevin Kamenetz to a vacant seat on the Baltimore County Planning Board. ?I?m pleased that Scott Phillips is willing to donate his time and considerable expertise to the Planning Board,? said Kamenetz. ?The Planning Board is one of the most instrumental groups in helping to chart the course of land use and development in our communities and he will be a very positive addition to the group.? Phillips concentrates his legal practice on business development for minority firms. His development law experience includes zoning, permitting, landlord tenant cases, property acquisitions and government relations. A 1989 Graduate of the University of Maryland School of Law, he holds a B.S. degree in accounting from Virginia Union University. He is a member of the Maryland State Bar Association and the American Bar Association.

Beltsville agency wins NAHB award for real estate marketing expertise

Merrick Towle Communications, of Beltsville, an integrated marketing communications firm specializing in the real estate and energy industries, won a Pillar of the Industry Award from the National Association of Home Builders in the category of Best Overall Leasing Campaign for a Rental Community, for the NRP Group?s Cevallos Lofts, an apartment community in San Antonio, Texas. Cevallos Lofts hosted a ?Cool Locations? Facebook and Twitter-centric contest that challenged San Antonio residents to find and photograph the CL sculpture placed at participating businesses. (The grand prize winner was awarded an iPad.) This is the seventh such award won by Merrick Towle Communications in the last 11 years, more than any other agency across the nation. The best of category marketing award is given by the NAHB to honor the industry?s most creative and effective marketing campaigns in real estate.

COPT completes public offering, generating about $204.9 million

Corporate Office Property Trust, of Columbia, an office-focused real estate investment trust, completed its public offering of 8,625,000 newly issued common shares, which reflects the full exercise by the underwriters of their option to purchase 1,125,000 shares. The offering generated net proceeds, before offering expenses, of approximately $204.9 million. COPT said it planned to use net proceeds from the offering to repay amounts outstanding under its unsecured revolving credit facility and for general corporate purposes.

DiamondRock sees FFO rise in third quarter

DiamondRock Hospitality Co., of Bethesda, a hotel real estate investment trust, said third-quarter funds from operations, a key measure of a REIT?s financial performance, rose 4.5 percent to $23.8 million, or 18 cents per diluted share, up from $22.9 million, or 16 cents per diluted share, in the year-prior period. Earnings per share matched the average forecast of 16 analysts surveyed by Thomson Reuters. Revenue rose to $183.9 million, a 17 percent increase from the $156.8 million reported in the previous year?s quarter. Analysts surveyed by Thomson Reuters had on average predicted revenue of $191 million. DiamondRock owns upscale and luxury hotels operated by Marriott International Inc.

NOAA opens new weather center at University of Maryland, College Park

The National Oceanic and Atmospheric Administration, an agency of the U.S. Department of Commerce, opened a new center at the University of Maryland, College Park, that will be the backbone of weather and climate prediction for the nation. The 268,000-square-foot building houses more than 800 NOAA employees who provide a broad range of environmental services, from predicting the hurricane season and El Ni?o/La Ni?a to forecasting ocean currents and large-scale rain and snow storms. Architects designed the energy-efficient building, equipped with a green roof and rainwater bio-retention, to reflect NOAA?s environment and science mission.

Walmart rejuvenates old shopping center

A new Walmart Supercenter opened in Randallstown on Wednesday, replacing a long-vacant grocery store at the Liberty Plaza Shopping Center at Liberty and Brenbrook Roads. More than 350 people have been hired to work in the store, which will be open seven days a week, 24 hours a day. Marshall?s, the other anchor in the shopping center, signed a long-term lease extension with Brixmor Property Group, Liberty Plaza?s New York-based owner, as a result of the Walmart store locating there. Brixmor spent more than $16 million to build the 160,908-square-foot Walmart Supercenter and upgrade the shopping center?s appearance.

PERSONNEL

Tracey Holehan

Greenberg Gibbons, an Owings Mills-based developer of retail, town center and mixed-use properties, named Tracey Holehan as a vice president, leasing. Holehan will help oversee the leasing activities for Greenberg Gibbons? portfolio of retail and mixed-use properties, such as Hunt Valley Towne Centre, Annapolis Towne Centre, Waugh Chapel Towne Centre and Towne Centre at Laurel. Before joining Greenberg Gibbons, Holehan held various roles at CBRE, most recently serving as senior associate and team leader for CBRE Baltimore?s Tenant Representation Services Group. Before that, she worked as a leasing agent with The Cordish Cos., where her primary focus was the Atlantic City Outlets.

LEASES

MacKenzie Commercial Real Estate Services announced that the team of J. Scott Wimbrow, Christopher C. Bennett, Patricia B. Farrell and Justin T. Mullen has been chosen to represent ARINC in leasing an entire floor of one of the six buildings located on the transportation, communications and systems engineering company?s campus at 2551 Riva Road in Annapolis. The MacKenzie team is marketing 31,546 square feet of contiguous space on one floor. The Class B building offers tenants easy access to major roadways. ?This is an excellent opportunity for firms looking to keep multiple teams together to foster collaboration. Quite often, large firms looking for space in the Annapolis market are forced to take multiple locations, creating a fracture between spaces. The ARINC space eliminates that issue,? said Wimbrow.

Granite Outlet has signed a lease with St. John Properties Inc. for 7,300 square feet of space at Timonium Exchange, located near Interstate 83 and York Road in Baltimore County. The full-service supplier of countertops, cabinets and flooring products intends to relocate to the project from its existing site on York Road in Timonium by the end of October. Granite Outlet will renovate and modernize the showroom area of Timonium Exchange. Bill Holzman of St. John Properties represented the landlord, and Tracey Holehan of CBRE represented the tenant in this transaction.

Merritt Properties LLC reported that Broadway Lights LLC, a lighting contractor, has leased 2,500 square feet of office and distribution space at 6770 Oak Hall Lane, Suite 115, Columbia. Jamie Campbell, Liz Tarran-Jones, Vince Bagli and Steve Shaw of Merritt Properties handled the negotiations for the landlord and tenant.

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Source: http://thedailyrecord.com/2012/10/19/real-estate-weekly-101912/

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