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In The News

Blue Ocean ‘Under Contract’ to Acquire the DoubleTree by Hilton in Pikesville, MD

Blue Ocean will soon enter into the hospitality segment of investment real estate with the acquisition of the DoubleTree by Hilton hotel in Pikesville, MD this fall. The DoubleTree by Hilton will be the first hotel to join Blue Ocean’s growing portfolio. The 171-room hotel, located at 1726 Reisterstown Road, is currently owned and operated by the Pikesville Hotel Limited Partnership, a division of the Mangione Family Enterprises. The acquisition by Blue Ocean will also include the adjacent office, retail, […]

Press Contact
Allison Roemer | Director of Marketing
ArachnidWorks, Inc.
240-285-9844 | Office
allison@arachnidworks.com

Trout Daniel & Associates Announces Sale of Security Square South – Former JCPenney Building at 6901 Security Boulevard, Baltimore, Maryland 21244

BALTIMORE – Trout Daniel & Associates, a full-service commercial real estate firm, is proud to announce the sale of Security Square South in Baltimore, Maryland for Baltimore-based Blue Ocean. Steven L. Cornblatt and Jared R. Engel of Trout Daniel & Associates represented the seller, Blue Ocean, in the transaction. Richie Blue and Paul Obrecht of Blue & Obrecht Realty represented the purchaser, Set The Captives Free Outreach Center. The Property, known as Security Square South, as well as Seoul Plaza […]

Press Contact
Allison Roemer | Director of Marketing
ArachnidWorks, Inc.
240-285-9844 | Office
allison@arachnidworks.com

New Clubhouse for The Hanover Apartments

Greenbelt, MD –  Blue Ocean recently completed a major clubhouse renovation for The Hanover Apartments in Greenbelt, MD.  This renovation included a significant interior and exterior upgrade of the resident clubhouse and leasing center. The $700,000 project included a sizeable reconfiguration of the 4,000-square-foot facility’s lobby, leasing center, resident business center, fitness facility and pool locker rooms. “The project melded the traditional touch of an upscale clubhouse with modern features that make the space more inviting for current and future […]

Press Contact
Allison Roemer | Director of Marketing
ArachnidWorks, Inc.
240-285-9844 | Office
allison@arachnidworks.com

Blue Ocean Completes Sale of 93-Unit Community

Catonsville, MD – Ivy Crossing Apartments (f.k.a. The Courts at Nunnery Lane), a 93-unit community located in Baltimore County, was successfully sold by Blue Ocean on June 12, 2018 for $7,935,000.00. The property was originally purchased in January 2016 for $5,250,000. Since 2016, Blue Ocean has heavily invested into the property including a complete renovation of the exteriors as well as addressing half of the community’s interiors. According to Evan Gallant, Director of Investments, “Over the last two and half […]

Press Contact
Allison Roemer | Director of Marketing
ArachnidWorks, Inc.
240-285-9844 | Office
allison@arachnidworks.com

Blue Ocean Community Partnership Breakfast with Mid-Atlantic Innocence Project

Blue Ocean was honored to recently partner with the Mid-Atlantic Innocence Project (MAIP) to enhance our community’s understanding of social injustices. Our combined goal is to gain the knowledge necessary to provide relevant and timely support to members within our community. We believe that life’s persistent question of ‘What are we doing for others?’ is one we must answer with action, time, and resources. MAIP’s mission is to free the staggering number of innocent people who remain incarcerated, and to […]

Press Contact
Allison Roemer | Director of Marketing
ArachnidWorks, Inc.
240-285-9844 | Office
allison@arachnidworks.com

Blue Ocean Honored as 2018 Velocity Growth Winner

We are very honored to announce that Blue Ocean has been selected as a winner of CEO Report’s Velocity Growth Award! The award recognizes companies in the Baltimore region for their determination, dedication, and drive towards continued success.  We are honored to stand with 28 other organizations that impact our regional economic landscape and serve as an example to others. On April 19th, we were honored with this award at a high-energy gala at the Renaissance Baltimore Harborplace Hotel.  The […]

Press Contact
Allison Roemer | Director of Marketing
ArachnidWorks, Inc.
240-285-9844 | Office
allison@arachnidworks.com

The Daily Special Restaurant – Now Open

We’re excited to announce The Daily Special is now open! Located on the ground floor of Blue Ocean’s 201 North Charles Street office building, the kosher-certified restaurant is open for lunch Monday through Thursday 11 a.m. – 3 p.m. and Friday 11 a.m. – 2 p.m. The Daily Special offers a unique lunch menu with a variety of fresh ingredients from their grain, salad, and soup bar. There are six flavorful signature bowls to choose from, or you can create […]

Press Contact
Allison Roemer | Director of Marketing
ArachnidWorks, Inc.
240-285-9844 | Office
allison@arachnidworks.com

Join Blue Ocean as we “Go Over the Edge” in the 2018 Rappel for Support of Our Children!

Blue Ocean team members once again continue to make an impact – this time, from 28 stories high! On June 3rd, Blue Ocean team members, as well as adventure seekers and kidney patients, have the opportunity to take part in once-in-a-lifetime experience. Participants will rappel down the side of one of Baltimore’s tallest skyscrapers, 201 North Charles Street – one of Blue Ocean’s very own properties! Blue Ocean generously contributed space at 201 North Charles to be used as a […]

Press Contact
Allison Roemer | Director of Marketing
ArachnidWorks, Inc.
240-285-9844 | Office
allison@arachnidworks.com

Greysteel Brokers $37.5M Multifamily Sale to Blue Ocean

Greysteel has arranged the sale of a 417-unit multifamily community to Baltimore-based Blue Ocean. Greysteel President & CEO, Ari Firoozabadi and Senior Investment Associate, Ari Azarbarzin represented the seller, Weiss Brothers LLC, in the Property’s first change of ownership since being constructed in 1964. The Property, known as The Homes of Towne Plaza, is located in Harford County, Maryland. The low-density, townhome and garden-style community, sits on app. 40 acres and consists of one-, two- and three-bedroom units. Located in […]

Press Contact
Allison Roemer | Director of Marketing
ArachnidWorks, Inc.
240-285-9844 | Office
allison@arachnidworks.com

Blue Ocean lends a helping hand at the Maryland SPCA

Our Blue Ocean team is happy to give back by partnering with the local Maryland SPCA to provide help to shelter animals. We are honored to assist a great organization that makes such a lasting impact on the community! The Maryland SPCA’s mission is to improve the lives of both pets and people. The adoption center finds homes for more than 3,500 needy and abandoned pets each year, while their Spay and Neuter Clinic performs approximately 7,000 surgeries each year. […]

Press Contact
Allison Roemer | Director of Marketing
ArachnidWorks, Inc.
240-285-9844 | Office
allison@arachnidworks.com