Harbor Stone Advisors

03/21/2023

The Federal Reserve is meeting today and tomorrow to discuss the economic turbulence and if further rate hikes are necessary to bring down inflation. What do you think Fed Chair Powell will do?

Our recent blog discusses the factors going into the decision: https://lnkd.in/eyvp3vgY

03/08/2023

Great news for Baltimore as Home Chef signs lease in Curtis Bay, expected to add 500 jobs by 2026. https://www.bizjournals.com/baltimore/news/2023/03/01/home-chef-baltimore-distribution-center-new-jobs.html

Check out Pascal Place, a fully occupied 10-unit multifamily asset, a 3 min drive from the future Home Chef location. Click here for more details: https://lnkd.in/eYpnHR4i

Home Chef, a Chicago-based meal kit company owned by Kroger Co., will open a Baltimore facility that will be its largest by volume in the country.

03/06/2023

We are honored to be named a 2022 Top Sales Firm by CoStar Group. Thank you to our clients for helping us to achieve this and we look forward to another successful year ahead!

Check out our website to learn about our services and how we can help you! https://lnkd.in/e5ss5Pvk

03/01/2023

FEATURED CHART: MORTGAGE DEMAND FOR HOMEBUYERS CONTINUES ITS DOWNFALL

-The Mortgage Bankers Association released mortgage origination data today, showing applications falling to 28-year lows last week.

-This 44% annual drop in total mortgage applications is influenced heavily by the heightened mortgage rates. U.S. 30 Yr. fixed-rate mortgages sit at 6.5% as of February 23rd.

-Homeownership has become more difficult in the past year as inflation soars and mortgage rates tick up. The increased cost of homeownership could drive demand for renting.

https://harborstoneadvisors.com/insights/featured-chart-mortgage-demand-for-homebuyers-continues-its-downfall

01/24/2023

New Offering | 1222 St. Paul St | 6 Apartments in Mt Vernon | Baltimore, MD

Click here for further details: https://lnkd.in/e273F6kV

Justin Verner, Brooks Healy, and Tom Wohlgemuth are representing the seller.

01/20/2023

Excited to share our 2022 Year in Review!

Harbor Stone Advisors appreciates the opportunity to work with our clients, the investment community, and all those involved in helping bring our transactions to a successful close.

01/13/2023

Featured Chart: Population Growth by Neighborhood

The Mount Vernon and Mid-Town Belvedere neighborhood's population grew faster than in high-growth areas like Federal Hill, Canton, and Hampden. The proximity to entertainment and employment continues to drive demand for apartments, making it an attractive location for investment.

Harbor Stone Advisors was the exclusive advisor and facilitated the sale of 8 transactions here in 2022. Please reach out to learn more about our past sales and current opportunities.

Justin Verner
Brooks Healy
Tom Wohlgemuth

Check out all of our Exclusive Offerings here: https://lnkd.in/duHrXKm

12/23/2022

Here’s a recent group shot from our annual holiday dinner. Wishing you all Happy Holidays from our team at Harbor Stone Advisors.

12/23/2022

New Offering | Pascal Place Apartments | 10 Units in Curtis Bay Neighborhood of S. Baltimore

Click here for further details: https://lnkd.in/eYpnHR4i

Justin Verner, Brooks Healy, and Tom Wohlgemuth are representing the seller.

11/30/2022

Frederick continues to draw investment activity as employment and population growth remains robust in the county.

To learn more about how this growth has impacted the apartment market locally, click the link below and fill out the form to download our recent Frederick County multifamily market report: https://lnkd.in/d6Mj2Qxs

Acres Capital Group loaned Goldstar Group $83M to build the Residences at East Church in Frederick.

11/18/2022

Vacancies remain elevated in the Baltimore office market due to tepid demand and a rise in sublet space.

Check out this week’s blog post to learn more about the local office market and the implications it may have on multifamily properties.

As the percentage of remote work rises around the country and in Baltimore, the office market continues to soften. Vacancies are rising in the Baltimore metropolitan statistical area (MSA) and are now at the highest levels since 2014. With roughly 17.5 million square feet of vacant space, rates in B

11/16/2022

Touring | Stafford Apartments | 96 Units in Mount Vernon | Baltimore, MD

Click here for further details: https://lnkd.in/edmmPZPr

Justin Verner, Brooks Healy, and Tom Wohlgemuth are representing the seller.