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ON THE VERGE OF GREAT THINGS

WASHINGTON DC 03.16.2017

CAPITAL MARKETS AND REAL ESTATE FINANCE

Investing in 2017, Hot Markets, and the Ever-Changing Capital Stack

Mark Hertz -- AIG Global Real Estate
Sujan Patel -- Colony NorthStar
Joe Carter -- Wells Fargo
ON THE VERGE OF GREAT THINGS
As retailers expand, their landlords find themselves with freed-up capital for renovations and new construction (and maybe to buy their property managers a little something nice on the way home). That means exciting groundbreakings in the Baltimore region.
Matt Alexander and Dave Dochter
Cushman & Wakefield's Dave Dochter (right, with colleague Matt Alexander) tells us Village South at Waugh Chapel and Boulevard at Box Hill are under construction. Towson Commons' retail will be repositioned (C&W is handling leasing), and White Marsh Mall will be spruced up (including the return of Boscov's). And Greenberg Gibbons' redevelopments of Owings Mills' Solo Cup site and Laurel Towne Centre will break ground soon. Baltimore City, likewise, is seeing more ambitious retail planning in Harbor East and along Pratt. Dave says soft goods, which the city hasn't seen outside GGP's Gallery, are gaining traction.