realestate

Hines of Texas Assumes Control of Baltimore Peninsula Project

Hines, a Houston private real‑estate firm, will manage the developed portion of Baltimore Peninsula.

S
agamore Ventures and Goldman Sachs Urban Investment Group have exited phases of the Baltimore Peninsula project. Bank OZK will assume control of the undeveloped land after the team declined to extend or refinance its debt. The loan totals $66 million, with $45.2 million per the Baltimore Business Journal. Hines, a Houston‑based real‑estate firm with $91.8 billion in assets and over 1,600 properties (540 million sq ft), will manage the developed portion. More at SouthBmore.

Hines of Texas takes control of Baltimore Peninsula project.