In The News

New Baltimore Apartment Building

Overlook at Roland Park Approved By Mayor & City of Baltimore’s Planning Commission

BALTIMORE, MD (July 27, 2017) –The Overlook at Roland Park, a 6-story, 148-unit luxury apartment building in Baltimore, is proceeding following Mayor Catherine Pugh’s ratification of Overlook’s official designation as a Planned Unit Development (PUD). The project will be located near the intersection of Falls Road and Northern Parkway in North Roland Park on a 12+ acre parcel of previously undeveloped land. The estimated $40 million project, being developed by Blue Ocean, a local commercial real estate firm, received the […]

Prescott apartment building

Prescott Square is latest Blue Ocean community to transition out of the portfolio

BALTIMORE, MD — Blue Ocean continued to offload its smaller properties with the sale of Prescott Square Apartments. Prescott Square is a 74 unit, garden community located at 4400 Old Court Rd. The property was purchased by Signature Properties – another Pikesville based real estate investment company. President, Jonathan Ehrenfeld said, “Overall we were very pleased with the outcome of this transaction. Our team executed our business plan exceptionally well. With the sale of Prescott we continue to reallocate our […]

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Blue Ocean Continues Portfolio Expansion with Acquisition of 320-Unit Apartment Community in Greenbelt, MD

GREENBELT, MD – March 16, 2017 – Blue Ocean continues its rapid growth and repositioning of its portfolio by purchasing The Hanover Apartments in Greenbelt, MD. The 320-unit, garden-style residential community is located on Hanover Parkway, near the I-495/95 and I-295 interchanges, providing residents immediate access to Washington DC, Baltimore, Annapolis and the surrounding region. The purchase of The Hanover Apartments is a clear representation of Blue Ocean’s long-term strategy to acquire real estate in ‘Class A’ locations, that provide […]

North Roland Park building

Six-level Luxury Apartment Building Planned for North Roland Park

BALTIMORE, MD (March 17, 2017) — Blue Ocean unveiled updated plans to Baltimore’s Urban Design and Architecture Review Panel for a 12-acre development parcel in North Roland Park. Blue Ocean envisions the site becoming the home of a 132-unit, six-level luxury apartment community. The project, The Overlook at Roland Park, will be composed of four levels of apartments over a two story parking garage. The groundbreaking of the project is projected for the early fall of 2017 with delivery of […]

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Blue Ocean Recognized by SmartCEO as a Baltimore Region Future 50 Company

Baltimore, MD (January 20, 2017) — Blue Ocean Realty, one of Baltimore’s largest real estate investment companies, has been recognized as a SmartCEO Future 50 company.  Future 50 winners are chosen based on a three-year average of employee and revenue growth and generate an excess of $5 million in annual revenue. As one the region’s fastest growing, mid-sized companies, Blue Ocean was recognized by SmartCEO for “representing the future of the region’s economy and embodying the entrepreneurial spirit critical for […]

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The Sale of Three Multi-family Projects

BALTIMORE, MD — With the recent successful sales of three multi-family projects, Blue Ocean has continued to implement its strategy of selling some of their older, none-core properties. Specifically, in recent months Blue Ocean sold Parkside Manor, Symphony Homes at Purdue Gardens, and Belvieu Gardens. In completing these sales Blue Ocean has been able to reallocate resources to other larger and more recent projects in their portfolio. This will allow the company to continue to the robust growth that it […]

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Blue Ocean announces the sale of the Baltimore VA Annex

BALTIMORE, MD — Blue Ocean is pleased to announce the recent sale of the Baltimore VA Annex at 209 West Fayette Street. The property was sold to a west coast investment company. This purchase represented their first investment in Baltimore. The 80,000-square-foot, seven-story building was built in 1920. This historical building is just a short distance from the Baltimore VA Medical Center. Blue Ocean was represented by Marcus & Millichap’s John Smelter, a senior director of the company’s Healthcare Real […]

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Baltimore’s Symphony Homes apartment complex sells for $2.625M

BALTIMORE, MD (November 2016) The 43-unit Symphony Homes apartment complex in Northeast Baltimore sold this month for $2.625 million.  State records show that Blue Ocean Realty, based in Pikesville, sold the development to Symphony Homes LLC. Ari Azarbarzin, of Greysteel’s Baltimore office, brokered the deal. Greysteel, a national commercial real estate firm, represented Blue Ocean Realty. The 96-year-old property, located at 5683-5689 Purdue Avenue, is situated in the Northwood neighborhood of Baltimore, adjacent to the 113,000-square-foot Alameda Marketplace. The property […]

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Blue Ocean Realty Welcomes Jill McKinley as Director of Multifamily

BALTIMORE, MD (August 24, 2016) — Blue Ocean continues to successfully recruit top industry talent to join its team for additional support to its current infrastructure in anticipation of future growth. As one of Baltimore’s largest privately held multifamily and commercial property management and investment firms, Blue Ocean announced today that Jill McKinley has joined the organization as the Director of Multifamily. Jill arrives at Blue Ocean having spent the last 15 years at The Donaldson Group where her most […]

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Blue Ocean Purchases 237-Unit Apartment Community in Roland Park

BALTIMORE, MD – July 5, 2016 – Blue Ocean has continued its rapid growth by acquiring Belvedere Towers Apartments. This 237-unit mid-rise apartment community sits at the corner of Falls Road and Northern Parkway in Roland Park, adjacent to the village of Mt. Washington. The community contains a wide range of oversized apartments from studios to three bedrooms and offers a host of amenities including a modern fitness center, outdoor pool, community lounge and on-site café. Blue Ocean, in partnership with […]