Washington developer shifts focus to Baltimore

One of Baltimore?s most active developers is new to the city but not to the game. Richard Naing and his 10-employee RWN Development Group LLC spent more than a quarter-century investing in commercial real estate projects in Washington.

Today, he won?t touch the District. It?s too expensive, he says. Instead, the 55-year-old CEO commutes daily from his Potomac residence to his office on North Calvert Street to invest in storied Baltimore city properties. He bought 15 in the past three years.