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Blue Ocean Purchases 93-Apartment Community in Catonsville, MD

BALTIMORE, MD (February 29, 2016) — Blue Ocean recently purchased The Courts at Nunnery Lane in Catonsville, MD. The Courts at Nunnery is a 93-unit, garden style apartment community. The community is made up exclusively of 2 bedroom apartments spread out over 23 separate entryways. The property is also improved by 11 garages that are leased separately from the apartments. Blue Ocean endeavored to purchase The Courts at Nunnery because of the property’s tremendous potential. Neglected and mismanaged for many […]

Press Contact
Monica Kolbay | Director of Marketing
ArachnidWorks, Inc.
240-285-9844 | Office
monica@arachnidworks.com

blue ocean apartments

Blue Ocean Launches New Website

BALTIMORE, MD — Blue Ocean, one of Baltimore’s largest privately held commercial and multifamily property management and investment firms, recently launched a new website as part of the rebranding of the company’s image. In addition to the new website, the rebranding includes a new company tagline “A Better Place for You”. The new mantra is exemplified in the new website’s functionality, which offers a more comprehensive user experience for its commercial tenants and apartment residents. The site’s refreshed and simplified […]

Press Contact
Monica Kolbay | Director of Marketing
ArachnidWorks, Inc.
240-285-9844 | Office
monica@arachnidworks.com

corporate culture

Blue Ocean Wins the SmartCEO 2015 Corporate Culture Award

One of only 44 firms honored at the SmartCEO awards event Baltimore, MD (December 31, 2015) — Blue Ocean, one of the largest owner-managed investment companies in the Baltimore metropolitan area, is the 2015 recipient of the Corporate Culture Award from SmartCEO. Blue Ocean was honored in December at the SmartCEO awards event in the Under Armour facility in Baltimore and was featured in the Nov/Dec issue of SmartCEO magazine. Winners are recognized for fostering a creative, collaborative workplace that […]

Press Contact
Monica Kolbay | Director of Marketing
ArachnidWorks, Inc.
240-285-9844 | Office
monica@arachnidworks.com

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Blue Ocean Leaps to #10 on Baltimore Business Journal’s 2015 Property Management List

BALTIMORE, MD — Blue Ocean leaped from number 13 to number 10 on the Baltimore Business Journal’s 2015 list of largest residential property management companies in the Baltimore area. Over the past few years, Blue Ocean has steadily increased its position on the list as the company continues to grow. Blue Ocean experienced tremendous growth in 2015 adding several new assets to their portfolio, including The Greens of Forest Park, The Westwinds in Frederick, and their largest acquisition of the […]

Press Contact
Monica Kolbay | Director of Marketing
ArachnidWorks, Inc.
240-285-9844 | Office
monica@arachnidworks.com

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Blue Ocean’s 201 N. Charles Street Recertified as Downtown Baltimore’s Only LEED-EB Gold Certified Office Tower

BALTIMORE, MD (June 30, 2015) — Blue Ocean Realty has earned the distinction of earning a re-certification for Baltimore’s only LEED-EB Gold certified office tower in the central business district. Located just blocks from City Hall and the Inner Harbor, 201 North Charles Street is a 28-story Class-A office building with 264,126 square feet of space.  201 North Charles Street was built in 1967 and is currently the 13th-tallest building in the city. LEED-EB certification recognizes that 201 N. Charles […]

Press Contact
Monica Kolbay | Director of Marketing
ArachnidWorks, Inc.
240-285-9844 | Office
monica@arachnidworks.com

halethorpe factory

Blue Ocean Realty buys massive industrial building in Halethorpe

Blue Ocean Realty continues to gobble up properties in the Baltimore area, this time buying a 680,000-square-foot industrial building in Halethorpe. The Baltimore firm paid an undisclosed sum for the building at 1954 Halethorpe Farms Road. The seller was Halethorpe Business Trust. The building, that once manufactured aluminum parts for U.S. military aircraft, is fully occupied by seven tenants. More than half the building is leased by Alcoa, the aluminum manufacturing giant. The seller was represented by Michael Spedden and […]

Press Contact
Monica Kolbay | Director of Marketing
ArachnidWorks, Inc.
240-285-9844 | Office
monica@arachnidworks.com

frederick apartments

Blue Ocean Continues Expansion of their Fee Managed Multi-family Portfolio

BALTIMORE, MD — Blue Ocean is pleased to announce 2 additional communities to its growing Fee Managed portfolio. Local owners have taken notice of Blue Ocean and have enlisted their Professionalism to Manage 2 new communities. The Greens at Forest Park and West winds in Frederick Maryland. The addition will add approximately 350 units to Blue Ocean’s existing Multi-family portfolio. “Blue Ocean is accomplishing two things with this deal. 1. We are expanding our Fee Managed portfolio while allowing outside […]

Press Contact
Monica Kolbay | Director of Marketing
ArachnidWorks, Inc.
240-285-9844 | Office
monica@arachnidworks.com

security square mall

Blue Ocean signs Price Busters to 30K-square-foot lease at Security Square Mall

Blue Ocean has signed Pricebusters Furniture to a 30,000-square-foot lease at Security Square Mall. The company said in a statement that the lease marks the first major step in renovating the 180,000-square-foot shopping center it purchased more than a year ago. The building was a former free-standing JC Penney store but was turned into a Korean-themed shopping center in 2002. Blue Ocean said it has a five-year plan to rehab the shopping center, which will include overhauling the exterior and […]

Press Contact
Monica Kolbay | Director of Marketing
ArachnidWorks, Inc.
240-285-9844 | Office
monica@arachnidworks.com

Blue Ocean Acquires 720-unit Pikesville Property

Blue Ocean has acquired Millbrook Park Apartments in Pikesville, a 720-unit property that significantly expands the company’s multifamily portfolio. Blue Ocean has been on something of an acquisition tear in recent months, snapping up the 28-story downtown office tower at 201 N. Charles St. for $19.7 million; buying Seoul Plaza at Security Square Mall and 8211 Town Center Drive in White Marsh for a combined $6.3 million; and purchasing the 105,000-square-foot former Ray’s Envelope Corp. warehouse in Baltimore County. All […]

Press Contact
Monica Kolbay | Director of Marketing
ArachnidWorks, Inc.
240-285-9844 | Office
monica@arachnidworks.com

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Blue Ocean, Berg Realty and EML Partners enter into Joint Venture

Blue Ocean, Berg Realty and EML Partners enter into Joint Venture to Acquire Former Techalloy Manufacturing Facility Blue Ocean is proud to announce the purchase of 2310 Chesapeake Ave, an 8 acre industrial site improved by a 75,000 SF warehouse. The 75k SF facility was formerly the home of Techalloy, a manufacturer of welding related products. Blue Ocean joint ventured with Berg Realty Partners and EML Partners in the purchase of the asset. In 2013 Techalloy, the manufacturer occupying the […]

Press Contact
Monica Kolbay | Director of Marketing
ArachnidWorks, Inc.
240-285-9844 | Office
monica@arachnidworks.com