IN THE NEWS
-
From Hotel to Housing
Baltimore Business Journal
Conversion projects are bringing hundreds of new apartment units to downtown. Four major hotel-to-apartment conversion projects are reshaping downtown Baltimore's housing landscape…
-
Byrnes to Convert Baltimore Hotel to Apartments
Multi Housing News
Byrnes & Associates Inc., a Baltimore-based boutique real estate and investment firm, is leading the conversion of a newly acquired hotel in downtown Baltimore with plans to spend $18.5 million to convert the 10-story property into a 130-unit apartment building called Redwood Place…
-
Mason & Carter Signs New Lease at the Redwood Exchange Building
City Biz
Mason & Carter, an independent insurance agency and brokerage company announces the signing of a 10 year lease for 5,000 square feet in Downtown Baltimore. Since 1901, Mason & Carter has provided quality protection for thousands of businesses, individuals & families throughout the region. They are the 29th oldest family-owned business in the Baltimore metro area…
-
Pizza place opens downtown, plans two suburban locations
Baltimore Business Journal
The owners originally planned to open the suburban locations first but jumped at the chance to open in the downtown spot…
Byrnes & Associates Brokers Sale Of 516 N. Charles Street In Baltimore City For $1.925M
City Biz
Byrnes & Associates, Inc. has brokered the sale of 516 N. Charles Street, a five-story building in Baltimore City containing 21,700 square feet of commercial office and retail space for $1.925 million. Brad Byrnes of Byrnes & Associates represented the seller, 516 LLC and also procured the buyer, Corner Ventures, LLC in this off-market sales transaction.
Michael Graves Architecture Signs New Lease at The Redwood Exchange Building Located at 233 E. Redwood Street in Baltimore City
City Biz
Michael Graves Architecture, an award-winning global leader in planning, architecture, and interior design based in Princeton, NJ, announces the signing of a five year lease for 5,000 square feet in Downtown Baltimore…
Eight Months After Acquisition of 225 and 233 E. Redwood Street in Baltimore, Local Investment Group Signs 21 New Office Leases
City Biz
Assets rebranded to Redwood Exchange and Vickers Exchange, $5 million redevelopment strategy underway and Werner’s Restaurant with new operator planning reopening this fall
“The 21 new companies share an entrepreneurial spirit and a strong belief in the long-term prospects of downtown Baltimore,” explained Brad Byrnes of Byrnes & Associates, Inc.
Local Group Acquires 15-Story 210 North Charles Street In Baltimore City With Plans To Convert To Multifamily Use
City Biz
Byrnes & Associates brokers sale of 232,000 square foot tower, completed in 1894 and also known as The Fidelity & Deposit Building; representing another sign of downtown turnaround…
Former rye whiskey warehouse near Inner Harbor to be converted into apartment units
Baltimore Fish Bowl
A former liquor warehouse that once produced rye whiskey in downtown Baltimore will be converted into a residential building with 40 multifamily units, as well as a ground floor restaurant.
Osprey Property Company bought the nearly 52,000-square-foot, six-story Lanahan Building at 22 Light St., for $4.25 million from the previous owner MCF Capital, said Brad Byrnes, principal at Byrnes & Associates, Inc., the Baltimore-based commercial real estate and investment firm that brokered the deal.
Sale of two historic buildings paves way to create new 'Main Street' downtown
Baltimore Business Journal
The sale of two historic buildings on Redwood Street last month has set the stage for creation of a new main street downtown, the buildings' new owner says.
Investors acquired the Vickers Building at 225 E. Redwood St. and the Garrett Building at 233 E. Redwood Street on Oct. 30. The buildings will undergo $5 million in renovations and a rebranding campaign to add new names and office and event space to the historic block…
Local Group Acquires Two Adjacent Office and Retail Buildings At 225 And 233 E. Redwood Street In Downtown Baltimore City
City Biz List
Kemp Byrnes, Brad Byrnes and Dave Gupta have acquired 225 E. Redwood Street and 233 E. Redwood Street in downtown Baltimore City, with intentions to execute a comprehensive $5 million redevelopment and rebranding strategy of the two properties. Members of the two limited liability entities associated with the purchase include Kemp Byrnes and Brad Byrnes of Byrnes & Associates, Inc., a Baltimore-based boutique commercial real estate and investment company, as well as Dave Gupta, a local entrepreneur…
Byrnes & Associates Brokers Sale Of The Munsey Apartment Building On N. Calvert St. In Downtown Baltimore For $22M
City Biz List
Byrnes & Associates, Inc., a Baltimore-based commercial real estate and investment company, has brokered the sale of The Munsey Apartment Building, an iconic Baltimore City structure constructed in 1911 and located at 7 N. Calvert Street, for $22 million. Brad Byrnes, Principal of the Byrnes & Associates represented both the seller, LC3 Investors Baltimore LLC and the buyer, PMC Property Group, Inc. in this sales transaction. Prior to the sale, Brynes & Associates also signed a letter of intent with a replacement tenant for the former Argosy Café which is located on the first-floor level of the building…
Bun Shop owner opening new restaurant in Sascha's 527 space
Baltimore Business Journal
The former Sascha's 527 building on Charles Street will trade in chopped salads for banh mi sandwiches and braised ribs.
Minh Quang Vo, the owner of Mount Vernon cafe The Bun Shop, will open a new restaurant in the space at 527 N. Charles St., liquor board documents show. The Buttonwood will serve sandwiches and entrees influenced by Vietnamese and other Asian cuisines…
Out of Office: Market Reset Creates Deep Challenges, Select Opportunities
City Biz
A quick scan of headlines presents a bleak outlook. Lenders and owners have initiated distress sales or auctions of 100 Charles Center, the Can Company and other celebrated commercial properties in the heart of Baltimore. Sale prices for some central business district office buildings have plunged to $50 a square foot — a fraction of their previous value. And impending or possible departures of other tenants from downtown offices raise the prospect of a deeper vacancy problem.
Former car showroom-turned-office building is now fully leased
Baltimore Business Journal
The conversion of a former car showroom near Penn Station into office space has paid off with a full slate of new tenants.
The four-story hub at 11 E. Mount Royal Ave. is now fully leased after seven tenants inking deals there over the past month, said Byrnes & Associates, Inc., a Baltimore based commercial real estate brokerage…
Byrnes & Associates, Inc. Elevates Occupancy of 11 E. Mount Royal Avenue to 100% With Attraction of Seven New Tenants
City Biz List
BALTIMORE, MD (March 3, 2020) – Byrnes & Associates, Inc., a Baltimore-based commercial real estate and investment company, has elevated occupancy of 11 E. Mount Royal Avenue, a four-story 1920s-era building to 100% occupancy with the signing of seven new leases totaling more than 25,800 square feet of space. The leasing activity syncs with the recent investment of more than $2 million worth of physical plant improvements by owner Zahlco Development into the 36,500 gross square foot building located in the Mt. Vernon section of Baltimore City. Brad Byrnes, Principal of the Byrnes & Associates represented the landlord in each leasing transaction…
Health tech firm emocha exits accelerator, moves into new Mount Vernon offices
Baltimore Business Journal
Health tech startup emocha Mobile Health is moving into a 5,000-square-foot office in Mount Vernon, after spending two years in a Johns Hopkins accelerator space in East Baltimore.
The company currently occupies three offices at the FastForward 1812 space on the Hopkins medical campus. CEO Sebastian Seiguer joked the company would gladly take another two…
Byrnes & Associates Led Investment Group Acquires 207 E. Redwood Street with Plans to Convert Hotel into 130-Unit Apartment Building
City Biz
$18.5 million redevelopment strategy will begin immediately and follows Baltimore-based real estate and investment company’s adjacent purchase of 225 and 233 E. Redwood St. in 2020.
Former Hotel RL Baltimore on Redwood Street to become a 130-apartment building called Redwood Place
Baltimore Fish Bowl
The former Hotel RL Baltimore Inner Harbor at 207 East Redwood Street will be converted to a 130-unit apartment building called Redwood Place, according to new owners who plan to invest $18.5 million to reposition the property.
A group headed by father-and-son developers Kemp and Brad Byrnes of Byrnes & Associates announced that it has acquired the 10-story building, which closed as a hotel in late 2022, and plans to start work immediately on the conversion.
Mobtown Ballroom operators will revive the storied Marble Bar as a bar, diner
Baltimore Business Journal
Baltimore's iconic Marble Bar — a rock club that hosted acts like Iggy Pop, R.E.M. and the Dead Kennedys in the 1970s and 80s — will start a new chapter later this year as a bar and diner.
Sarah Sullivan and Michael Seguin, the operators of Pigtown's Mobtown Ballroom, plan to renovate the dank basement space at 306 W. Franklin St. in the Congress Apartments building and reopen it to the public in the fall…
Byrnes & Associates Brokers Sale Of Downtown Building With New Owner Planning For Conversion Into 40 Multifamily Units
City Biz List
Byrnes & Associates, Inc., a Baltimore-based commercial real estate and investment company, has brokered the sale of 22 Light Street, a six-story, 51,510 square foot building in the Inner Harbor area of Baltimore City for $4.25 million. Brad Byrnes, Principal of the company represented both the seller, MCF Capital, and the buyer, Osprey Property Company, who has revealed plans to redevelop the former liquor warehouse building into 40 multifamily units. Known as “The Lanahan Building,” the structure was originally constructed in 1904 and subsequently destroyed in The Great Baltimore Fire, before becoming among the first new structures to emerge from the early century tragedy…
Bethesda investor pays $4.8M for several Mount Vernon properties
Baltimore Business Journal
A portfolio of office, retail and apartment properties in historic Mount Vernon has been sold to a Bethesda investor for $4.8 million.
The Biabani Group bought six properties and two parking lots totaling about 55,000 square feet in the city’s midtown cultural district including the former Sasha’s 527 cafe and catering facility at 527 N. Charles St. and Brown’s Arcade II at 310 N. Charles St…
Cornerstone Financial building in Mount Vernon sells for $1.15 million
Baltimore Business Journal
A group of investors recently bought the Cornerstone Financial building in Mount Vernon’s Charles Street corridor for $1.15 million.
BalVan Pinnacle Holdings LLC closed on the acquisition from Charles Street Ventures on April 2, according to state property records…
The Owners of ‘Sascha’s Cafe’ Have Put their Landmark Building on Charles Street Up for Sale
Baltimore Fishbowl
The restaurant building at 527 N. Charles Street was used to film a key scene in Barry Levinson’s movie, Diner.
In its kitchen, food was prepared for Tom Brokaw, Kevin Spacey, Richard Gere, Arianna Huffington and all the Christmas parties of John Waters…
