Chicago Title Insurance Company Closes And Insures Initial $500 Million Redevelopment Phase Of Port Covington
Transaction involved underwriting and issuing 15 title insurance policies covering nearly 50 land parcels, and recording more than 60 documents for this major Baltimore City project. Read full press release here.
ULI Washington: Southern Management’s $2.4B Transaction: Inside The Deal
On July 13, 2020 we took a deep-dive into this transaction via a ULI case study webinar. Joining us was Suzanne Hillman of Southern Management, Jeff Hayward of Fannie Mae, Brendan Coleman of Walker Dunlop, and Leslie Ludwig of L&L Advisors. The webinar gave us a great opportunity to learn about the complexity and nuances of the transaction and hear from some of the other key leaders who made it happen. Click here to access recording.
For more information see the article: Leadership Insights from Candace Chazen and Charlotte Troup Leighton:
At a time when we have experienced months of challenges none of us would have ever imagined – the triple threats of COVID-19, the employment and financial impact, and then the extraordinary protests once again calling for imperative, true, and lasting equality, we wonder if there is any good news to counterbalance what is playing out on the global stage. Where are we finding collaboration, patience, creative problem-solving — and solutions? And can we in commercial real estate forge forward during a time of confusion, distraction and uncertainty in not only the markets, but in our society and common humanity? We found that answer to be “yes, we can.” Read More….
Discover What’s New and Interesting in Our Backyard
The Washington metropolitan area, which includes “the District” and parts of Maryland, Virginia and West Virginia, is home to approximately 6.1 million residents and is the sixth-largest metropolitan area in the United States. As a major international hub for government, big business and tourism, our nation’s capital and its surrounding states feature some of the most dynamic and complex commercial real estate in the country.
With approximately 623,000 residents, Baltimore accounts for 23 percent of the region’s total population. Baltimore’s ideal location, with easy access to port, rail, air and highway, fuels a stable economy and strong employment. Baltimore is ranked 9th in downtown population and 12th in downtown employment, and has experienced a surge in the numbers of well-educated young adults who are migrating to the city, according to the Baltimore Development Corporation.
Baltimore is home to more than 60 federal agencies and research labs, as well as major employers in the health care, information and cybersecurity, finance and banking, and hospitality/entertainment industries, according to the Baltimore Development Corporation. The Baltimore commercial real estate market currently demonstrates stable fundamentals, but there is some concern about future growth due to fiscal, monetary, and political uncertainty, according to real estate services firm Cushman & Wakefield.
The metropolitan area’s diverse economy creates unique opportunities for commercial real estate development. In May 2017, Washington, D.C. was named #6 on the IESE Cities in Motion Index, which ranks the world’s “smartest” cities analyzing their level of development in 10 key areas: governance, urban planning, public management, technology, the environment, international outreach, social cohesion, mobility and transportation, human capital and the economy. Easy access to lawmakers, close proximity to cybersecurity investment dollars, and a number of smart initiatives help to strengthen the commercial real estate market.
About Fidelity National Financial
Fidelity National Financial, Inc. (FNF) is currently ranked #359 on the 2023 Fortune 500®*, and is among numerous defense, energy, media, hospitality and financial Fortune 500®* companies based in the region. Our D.C. and Baltimore teams of CRE professionals work in all facets of the industry, including power and energy projects, office buildings, industrial parks, multifamily housing, retail properties, government contracts, corporate transactions and more.
Discover what’s new and interesting in our backyard in the latest real estate news, provided courtesy of the FNF Newsdesk.
*FORTUNE and FORTUNE 500 are registered trademarks of Time Inc. From FORTUNE Magazine, June 2023 ©2023 Time Inc. FORTUNE and Time Inc. are not affiliated with, and do not endorse products or services of Fidelity National Financial. Chicago Title Insurance Company is a member of the Fidelity National Financial family of companies and the nation’s largest group of title companies and title insurance underwriters - Fidelity National Title, Chicago Title, Commonwealth Land Title, Alamo Title, and National Title of New York - that collectively issue more title insurance policies than any other title company in the United States.