Baltimore, MD – Alex. Brown Realty has announced the retirement of John M. Prugh. Mr. Prugh, who for the past two years served as Senior Advisor to the firm, was with ABR for almost 46 years, serving as President and CEO since 1984. Under his leadership, ABR-sponsored investment programs acquired several hundred properties. Mr. Prugh […]
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Alex. Brown Realty and Biynah’s Transportation-Related Industrial Portfolio Continues to Grow
Contact: Jeff Josephs Biynah Industrial Partners (312)-399-8095 jeff@biynahpartners.com Jake Martin Alex. Brown Realty (410)-547-3002 jake.martin@abrealty.com Baltimore, MD/Minneapolis, MN – Alex. Brown Realty (ABR) and Biynah Industrial Partners, LLC (BIP) have recently added four additional assets to its nationwide portfolio of truck terminals and high flow-through industrial assets. The joint venture is actively pursuing additional opportunities […]
Alex. Brown Realty Acquires TownePlace Suites by Marriott in Northwest Dallas
Baltimore, MD – Alex. Brown Realty (ABR) and TCOR Hotel Partners (TCOR) have announced the acquisition of the TownePlace Suites by Marriott in Lewisville, Texas. ABR Chesapeake Fund V, a value-add real estate fund sponsored by ABR, invested $4.4 million in the joint venture. Financing for the project will be provided by Inwood National Bank. […]
Alex. Brown Realty and CIP Acquire Flex Industrial Business Park in Hayward, California
Baltimore, MD – Alex. Brown Realty (ABR) and CIP Real Estate (CIP) have acquired the Eden Landing Business Park—a 195,044 sf flex industrial asset in Hayward, California. ABR Chesapeake Fund V, a value-add real estate fund sponsored by ABR, invested $9.7 million in the joint venture. Financing was provided by Wells Fargo. Spread over an […]
Alex. Brown Realty JV to Develop Courtyard by Marriott in Alpharetta, Georgia
Baltimore, MD – Alex. Brown Realty (ABR) and Hotel Development Partners (HDP) have announced plans to develop a 115-room Courtyard by Marriott in Alpharetta, Georgia. ABR Chesapeake Fund V, a value-add real estate fund sponsored by ABR, invested $7.2 million in the joint venture. Financing for the project will be provided by the Bank of […]
Alex. Brown Realty Joint Venture to Develop Charleston Senior Housing
Baltimore, MD – A joint venture organized by Alex. Brown Realty (ABR), Wakefield Capital and Affinity Living Group has announced development plans for a 120,000 sf senior housing facility on James Island in Charleston, South Carolina. The Class A facility is scheduled for completion in June 2018. ABR Chesapeake Fund V, a real estate fund […]
ABR Announces Redevelopment Project in Chicago’s South Loop
Baltimore, MD – A joint venture formed by Alex. Brown Realty (ABR) and 3L Real Estate has purchased the former Yellow Cab building located on East 21st Street in Chicago’s South Loop neighborhood. The joint venture announced plans to redevelop the 80,000 sf building into a 110-unit apartment project. ABR Chesapeake Fund V, a value-add […]
