Baltimore

CBRE facilitated the sale of Trilogy Medical Center, a 54,008-square-foot medical outpatient building (MOB) located at 1165 Imperial Drive, Hagerstown, Maryland to Chicago-based Remedy Medical Properties in a venture with Kayne Anderson Real Estate. The seller was Nashville-based Montecito Medical Real Estate.

CBRE announced today that Mike Roden has been promoted to Vice Chair, the highest rank for Advisory & Transaction professionals within the company. Since joining CBRE in 2004, Roden has made himself a vital part of CBRE’s market-leading Baltimore industrial practice.

CBRE today announced that Matthew Laraway, a top industrial real estate broker in the Mid-Atlantic region, has joined the firm’s Baltimore office as a Senior Vice President. Laraway, who served as a Vice President at CBRE from 2005 to 2008, will be returning to the firm and will work with the industrial team which includes Bill Pellington, Toby Mink, and Jon Casella, among others.

CBRE today announced it has completed the sale of Baltimore Crossroads, a six-building industrial portfolio totaling nearly 900,000 square feet on 198 acres of land located in Baltimore’s East Industrial submarket. The portfolio was acquired by EQT Exeter from a global real estate investment advisor in a transaction that closed June 26, 2024, for $140,500,000.

Greater Washington’s vibrancy continued to improve impressively post-election and through the end of 2024, ascending to a level of 73.4. This was not only 2.5% higher than the previous month, but 11.5% higher than one year ago.

Greater Washington’s vibrancy continues to be surprisingly resilient with the latest results of the REVIVE index. The REVIVE index increased by 0.2% compared to the previous month, and is 8.4% higher than it was one year ago.