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Stock impact report

One Charles Center bought by developer converting building next door to apartments [Yahoo! Finance]

CoStar Group, Inc. (CSGP) 
Last costar group, inc. earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: costargroup.com/investors/stock-info
Company Research Source: Yahoo! Finance
That at least is a scenario envisioned by Patrick Grace, who said that as of Friday he owns both buildings. Already renovating the 1890s-era financial building at 210 N. Charles Street into apartments, Grace said he and a business partner closed Friday on a $4 million purchase of One Charles Center. Both buildings were owned by the late Peter Angelos, the former owner of the Orioles and a legal titan . One Charles Center, a modernist landmark that sparked Baltimore's 1960s downtown renaissance, had been marketed for its potential for conversion to apartments, but Grace said he plans to keep it as an office building. “We got it so much below its value,” Grace said Monday, speaking by phone from the building as he showed it to prospective tenants. “It wouldn't take that much to get it to profitability.” The 23-story glass and aluminum tower, designed by the pioneering modernist architect Ludwig Mies van der Rohe, last had been assessed at close to $10 million. Grace, who owns t Show less Read more
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