News

After months of negotiations and significant concessions from the landlord, Bethany Hobbs was confident she had secured an attractive deal to provide 6,000 square feet of office space to a family-owned company. “We got all the way to docu-sign,” said Hobbs, Vice President of MacKenzie Commercial Real Estate Services. But…

Could a new, little-noticed, federal law – conceived to block money laundering through LLCs and other legal entities – impact your company’s operations? Bryan Saxton, Real Estate and Corporate Partner at Rosenberg Martin Greenberg, LLP, is recommending commercial real estate business leaders research the Corporate Transparency Act (CTA) to ensure…

A state proposal to double the amount of stormwater treated on development sites using small-scale infiltration practices is flawed, according to analysis by stormwater practitioners. In response to more frequent and intense storm events, the General Assembly passed legislation in 2021 requiring the Maryland Department of the…

A “beta test” of how to reimagine workspace in order to attract employees back to the office has landed an ABC Greater Baltimore Diamond Excellence Award for office renovation. The award went to the Chesapeake Employers Insurance Headquarters project for its success at meeting the…

After graduating from high school, Baltimore City resident Travis Roberston bounced from job to job, searching for a situation that would provide long-term stability, a place to thrive, and a nurturing environment. Things got more challenging when he became a single father. His life took…

Buoyed by a national retail vacancy rate under 5 percent, a record 200 million shoppers over the Thanksgiving holiday, strong Black Friday sales figures and predictions of a 4 percent boost in holiday spending to nearly $970 billion this year, participants at the recent ICSC…

The Maryland General Assembly will face a deteriorating budget outlook as well as major climate and education commitments when it begins its 2024 session on January 10th. In 2022, the Maryland General Assembly passed the Climate Solutions Now Act establishing the most aggressive near-term greenhouse…

Kate Jordan, SIOR, Principal, Lee & Associates | Maryland, was elected President of NAIOP Maryland at the recent Holiday Luncheon. Additional officers include Sean Doordan, Executive Vice President, Acquisitions & Growth, St. John Properties, Inc. as President-Elect; Scott Wimbrow, President and Principal, MacKenzie Commercial Real Estate Services, LLC as Vice…

Resilient but not immune to market challenges Merriweather Row Buoyed by a prime location, a highly educated and high-earning workforce, good schools, a diverse population, and modern, attractive office buildings, the commercial real estate sector in Columbia and Ellicott City has weathered recent…

The current economic environment represents a “generational opportunity to acquire commercial real estate assets.” That was a key message from Spencer Levy, CBRE’s Global Client Strategist and Senior Economic Advisor, at NAIOP Maryland’s annual Capital Stack event. “Now is also the best time to develop new projects,” Levy said. “It…