News

The State of Maryland has announced a partnership with the AI company Anthropic and implementation partner Percepta to integrate Anthropic’s Claude AI models into the operations of state agencies. Anthropic will provide Claude AI to workers across state agencies, providing technical support to accelerate the deployment of AI-powered…

An uncommon marriage of retail and self-storage has helped revitalize an old and challenged suburban shopping center. Two months after Greenberg Gibbons acquired the Reisterstown Shopping Center, its anchor tenant — Mars Super Markets — announced it was closing all stores. The 50-year-old center’s occupancy soon plunged to 65 percent.

The One Big Beautiful Bill/Act (OBBB), which was signed into law on July 4, promises to significantly affect the national and local commercial real estate sector with its tax incentives, impact on raising and deploying capital, and favorable approach to Opportunity Zones. At a recent seminar sponsored by Land Services…

The Maryland Department of the Environment has provided advance notice of proposed revisions to the state’s stormwater management regulations and stormwater design manual.  Written comments on the advance-notice version of the draft regulations and design manual will be accepted through December 19, 2025. The advance notice comment period is…

As the federal government shutdown reaches the one-month mark, commercial real estate professionals are assessing the closure’s current and potential impacts on the CRE sector. Maryland is positioned to incur some of the biggest impacts in the country. The federal government is the single largest employer in the state…

The addition of a pickleball venue helped Carroll County reach an impressive milestone: less than one percent vacancy in warehouse/industrial product. Earlier this year, PickleRage signed a 31,000-square-foot lease at the Londontown Business Center in Eldersburg, taking another large space off the market and helping drop the vacancy rate. By…

Photos courtesy of Steve Adams, AAEDC. New commercial permits in Anne Arundel County posted striking gains in the second quarter, due largely to strong activity in retail, restaurant and mixed-use properties, according to the Anne Arundel County Economic Development Corporation (AAEDC). New commercial permits rose 75 percent…

Anne Arundel County Executive Stuart Pittman is looking to expand the county’s adequate public facilities (APF) requirements to include bicycle, pedestrian and transit infrastructure. Pittman has introduced Council Bill 81-25, which would replace the existing Bicycle, Pedestrian and Transit Assessment (BPTA) with an expanded APF test and mitigation requirements…

During the go-go days of the warehouse/industrial market, which peaked in 2021 and 2022, developers seemingly could not construct buildings large enough and fast enough to satisfy the requirements of end-users. The real estate industry, however, is cyclical and now, the industrial market is seeing the rise of a new…

The Maryland Department of Environment (MDE) has extended the deadline for the owners of covered buildings to submit energy benchmarking data under the state’s Building Energy Performance Standard (BEPS). MDE will now consider benchmarking reports timely if submitted by September 30, 2025. If additional time is needed beyond September 30th,…