Selling vacant land becomes a struggle in down market Ryan Sharrow Baltimore Business Journal The Diamond Group has cut its asking price for a 2-acre lot in the city’s Morrell Park neighborhood in half. The lot has room for 20 new townhomes. Anne Arundel County home builder William Douglas Homes has four parcels of vacant…

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Stephen Ferrandi representing a family investment group sells 125 townhome lots in Elkridge, Howard County, Maryland to Lennar for $11,400,000. This sale represented the first phase of a multi-phased project known as Blue Stream. Once complete the project is expected to yield 1345 residential units – multifamily and townhomes as well as a shopping center.…

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Stephen Ferrandi settles the 125 acre Miklasz Farm for $25 million. The property located in Severn, Anne Arundel County, Maryland was subdivided by Ferrandi and his client, Joseph Miklasz into 251 residential units (104 single family homes, 104 townhomes and 44 villas). Mr. Ferrandi had represented the Miklasz family for over a decade as they…

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