News

Some of the same characteristics that drove office employees away from office space located in central business districts during the pandemic will also spur a large-scale return. Increasingly, workers want to be back in environments where they can experience serendipitous encounters and opportunities to collaborate or socialize with colleagues. Heightened…

John Hermann and Jim Lighthizer John Hermann, Vice President, Asset Management/Leasing for Corporate Office Properties Trust, has been elected President of NAIOP Maryland. Additional officers include Kate Jordan, Principal, Lee & Associates | Maryland as President-Elect; Sean Doordan, Senior Vice President, Leasing & Acquisitions, St. John Properties as…

New terms are added to the commercial real estate vernacular on a near-daily basis. At the NAIOP Maryland Holiday Party, we asked several participants to provide their definition of the “hubquarters” concept.  Here are their answers, with the actual definition below.   “The headquarters of a particular company is…

The 2021 holiday season appears to be blending some traditional shopping patterns with some mid-pandemic changes. Consumers are expected to return en masse to traditional retail venues, spend more and make purchases earlier this year to avoid shipping delays. That has consequences for retailers. Black Friday — coined for the…

On December 6th, the Maryland General Assembly will convene in a special session to consider redistricting the state’s eight Congressional election districts. After each 10-year census, Congressional and state legislative districts are redrawn to reflect population changes. A legislative advisory panel, co-chaired by the Senate President and House Speaker, endorsed…

Although they have been vacant for decades, located in a blighted neighborhood and repeatedly dismissed as an impossible development project, a cluster of buildings near Howard and Lexington constitutes “a once in a lifetime opportunity to help advance the revitalization of the west side.” That’s the view of Jayson Williams,…

“What new leasing trends are emerging as companies consider returning to the office?”   Joe Bradley Senior Vice President and Principal MacKenzie Commercial Real Estate Services “What started as a fad has gained relevance as many adopt a hybrid work model; however, we anticipate the use…

Widespread and growing adoption of sustainability goals by commercial real estate investors and tenants will require developers and owners to expand their adoption of green design, clean energy systems, building retrofits and information sharing technologies in the near future, according to a report by JLL. Photo courtesy of…

The sudden emptying of office buildings, shopping centers and restaurants prompted by COVID-19 was followed by a swift economic recovery. Nearly 20 months after the initial onslaught of COVID-19, the return to total normalcy in the real estate sector remains off in the distance. Employers and employees alike have learned…

The Maryland Climate Commission has approved a Building Energy Transition Plan to serve as the framework to reduce direct emissions from buildings in the state 95% by 2045. The core recommendations of the plan are: Adopt an all-electric building code by 2024 with a cost effectiveness test for…