News

  • 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…

  • Will Maryland industrial properties go to pot?

    Will Maryland industrial properties go to pot?

    With the legalization of recreational marijuana set to become law next July, could the Maryland warehouse/industrial asset class soon have another high-demand use in its future? The answer could be “yes,” based on the history of leasing activity in nearly 20 other states where cannabis is legal, the industry’s success…

  • Montgomery County passes bill requiring all-electric building code

    Montgomery County passes bill requiring all-electric building code

    The Montgomery County Council unanimously passed legislation requiring the county executive to issue all-electric building standards for new construction by December 31, 2026. The council’s Planning, Housing and Economic Development Committee recommended approval with amendments directed at several points important to NAIOP members. The amended version of the bill includes…

  • Energy benchmarking in buildings key to complying with new climate bill

    Energy benchmarking in buildings key to complying with new climate bill

    Tracking energy usage, establishing benchmark Energy Star scores and using that data to identify necessary energy equipment changes and retrofits will become an increasingly important activity for real estate owners as Maryland implements the Climate Solutions Now Act. Passed by the General Assembly in 2022, the act requires the state…

  • Stakeholder meetings to focus on building energy performance standard

    Stakeholder meetings to focus on building energy performance standard

    The Maryland Department of Environment (MDE) has scheduled a series of stakeholder meetings related to the development of regulations to implement a state-wide building energy performance standard. At this point, MDE interprets the directive in Senate Bill 528 to require that regulations apply to both energy use and direct emissions.