Sparrows Point in Baltimore is the debate about globalization rendered in steel, concrete and contaminated dirt. And it highlights the way politics around issues like the renegotiation of NAFTA and the final terms of Brexit affect real estate, in particular logistics and manufacturing. FlickrThe area around Baltimore’s port was a steelmaking hub for 120 years, mostly under the ownership of the Bethlehem Steel company. But the company went bust in 2012, unable to compete in the global market. In 2014 the 3,100 acres of Sparrows Point was bought by a joint venture between Redwood Capital Investments and Hilco for $110M.

Source: Forbes July 20, 2017 09:00 UTC