Fernau LeBlanc Investment Partners, a Bethesda, Md.-based commercial real estate owner, has acquired Deer Park Center, four buildings totaling more than 170,000 square feet of office and flex space in Randallstown, Md.
Baltimore-based Klein Enterprises, a vertically integrated investor, developer, and operator of diversified real estate holdings, Monday announced the sale of Deer Park Center, a 170,000-square-foot office/flex center in Randallstown. Terms of the deal were not disclosed. The center, at 9631-9637 Liberty Road, was purchased by Klein in 2010 and features four buildings totaling more than .
11 Must Reads for the CRE Industry Today (May 4, 2021) Manhattan store owners are suffering from the still limited presence of office workers, reports The New York Times. Moody’s predicts that urban multifamily properties will rebound this year. These are among today’s must reads from around the commercial real estate industry.
‘We’re Suffering’: How Remote Work Is Killing Manhattan’s Storefronts “A big shift toward working from home is endangering hundreds of locally owned Manhattan storefronts that have been hanging on, waiting for life to return to the desolate streets of Midtown and the Financial District. The fate of these stores, and by extension the country’s two largest business hubs, will hinge in large part on how long landlords will keep offering the rent breaks that have kept many retailers afloat.” (