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Maryland Man Sentenced for Role in Attempted Fraudulent Sale of Property

Maryland Man Sentenced for Role in Attempted Fraudulent Sale of Property

by Phil Hall | Jun 5, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

A Maryland man was sentenced to 15 months in federal prison for his role in trying to sell a parcel without the knowledge of the owner. Duane Dixon Jr. was found guilty last January of conspiracy to commit wire fraud and three counts of wire fraud. Dixon was part of a...
Six Flags to Close Maryland Amusement Park and Sell 500-Acre Property

Six Flags to Close Maryland Amusement Park and Sell 500-Acre Property

by Phil Hall | May 2, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Six Flags Entertainment Corporation (NYSE: FUN) is closing its Six Flags America and Hurricane Harbor amusement park in Bowie, Maryland, after the 2025 operating season. Promoted as “DC’s Thrill Capital,” the property will be sold for redevelopment as part of Six...
CAPREIT Acquires 2 Apartment Communities in Maryland

CAPREIT Acquires 2 Apartment Communities in Maryland

by Phil Hall | Apr 23, 2025 | Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

CAPREIT has acquired two apartment communities in Waldorf, Maryland, featuring a combined 360 homes. The workforce-housing communities, the 152-unit Palmer Apartments and 208-unit Smallwood Gardens, are adjacent to one another. The financial aspects of the purchase...
Advisory Panel Recommends No Property Tax Increase for Maryland

Advisory Panel Recommends No Property Tax Increase for Maryland

by Phil Hall | Apr 14, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

An advisory panel has recommended that Maryland lawmakers reject a property tax increase for the coming year. Maryland Matters reports the Commission on State Debt recommended holding the rate on commercial and residential properties at 11.2 cents per $100 in assessed...
Under Armour CEO Lists Maryland Equestrian Estate for $22 Million

Under Armour CEO Lists Maryland Equestrian Estate for $22 Million

by Phil Hall | Feb 28, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Under Armour (NYSE: UAA) CEO Kevin Plank has listed Sagamore Farm, his 400-acre Maryland equestrian estate for $22 million. The Wall Street Journal reports the property, located about 20 miles northwest of Baltimore, was established around 1925 and was once owned by...
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