News

  • It’s Showtime! Developments aim to create entertainment hub in Baltimore

    It’s Showtime! Developments aim to create entertainment hub in Baltimore

    Redevelopment has kicked off at the CFG Bank Arena in Baltimore. Image courtesy of The Oak View Group. In case the prospect of seeing Bruce Springsteen, Janet Jackson, Lizzo or other superstars perform in Baltimore doesn’t excite you, consider a few numbers instead. Current investment…

  • General Assembly to debate taxes, decarbonization, and land preservation

    General Assembly to debate taxes, decarbonization, and land preservation

      Minimum wage increases, gun control, abortion rights and recreational marijuana will be headline issues for the 2023 session of the Maryland General Assembly. During the 90-day session, lawmakers will also focus on a number of other areas of direct importance to commercial real estate, including…

  • Developers weigh the value of C-PACE

    Developers weigh the value of C-PACE

    Along Key Highway in Locust Point, crews are erecting a 15,000-square-foot commercial building which is pre-leased and slated to become a Goddard School this spring. Developer Goodier Properties financed $800,000 of the $6 million project through C-PACE, the Commercial Property Assessed Clean Energy funding program.

  • Industry Roundtable: An Economic Outlook

    Industry Roundtable: An Economic Outlook

    Impending recession expected to be grinding, enduring and especially difficult for Class B and C office space. With all signs pointing to an economic recession — presumably arriving mid-year or Q3 — how can the commercial real estate community best plan for this event? Recessions cause hardships, but there may…

  • Co-warehousing poised for Maryland expansion

    Co-warehousing poised for Maryland expansion

    First, WeWork popularized and successfully scaled the coworking concept for office space. Now, this trend is gaining support in the warehouse/industrial sector. Although no locations have yet opened in central Maryland, that could soon be changing as owners/investors look to take advantage of expected demand. The typical co-warehousing building consists…

  • Construction sites need new stormwater discharge permit

    Construction sites need new stormwater discharge permit

    New construction projects in Maryland will have to meet new requirements for stormwater discharges beginning April 1. The Maryland Department of Environment has reissued the Maryland National Pollution Discharge Elimination System (NPDES) General Permit for Stormwater Discharges Associated with Construction Activity. The new permit applies to stormwater discharges from construction…

  • New board members elected

    New board members elected

    NAIOP Maryland elected its 2023 slate of officers and board members at the recent holiday luncheon, including welcoming two new professionals to the board of directors – Kate Nolan Bryden, Senior Vice President, MRP Industrial and Michael Tait, Leasing Representative for St. John Properties, Inc. and bringing back Paul Giulio,…

  • Labor shortage looms as biggest economic challenge of the next decade

    Labor shortage looms as biggest economic challenge of the next decade

    Although all eyes are on the daily headlines detailing unsettling news about rising interest rates, a volatile stock market, inflation, the Ukraine-Russia conflict and the expected recession, a different economic challenge is emerging that requires more immediate attention – a looming labor shortage. That was a key message from Spencer…

  • Retailers and brokers in dealmaking mode at New York’s ICSC

    Retailers and brokers in dealmaking mode at New York’s ICSC

    Baltimore was extremely well-represented at last week’s Innovating Commerce Service Communities (ICSC) dealmaking session, which returned to the Jacob K. Javits Convention Center in New York City following a pandemic-induced 36-month break. Ashkenazy Acquisition, KLNB Retail, Lee & Associates, MCB Real Estate and mfi Realty were…

  • New Prince George’s council overturns key zoning decisions

    New Prince George’s council overturns key zoning decisions

    In its first voting session, the newly elected Prince George’s County Council introduced measures to repeal five zoning decisions critical to major development projects that had been enacted by the previous council. As reported by Maryland Matters: The actions, which critics said bypassed traditional procedures, occurred during a…