News
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A select group of presidents shares advice
February 21, 2024Only four women have served as President of NAIOP Maryland since the Chapter’s founding in 1985, including the recently elected Kate Jordan of Lee & Associates | Maryland. The select group recently gathered in Columbia for a friendly and wide-ranging conversation designed to dole out helpful guidance as Jordan begins…
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CRE remains major economic driver even as growth slows
February 21, 2024Despite economic challenges, the commercial real estate sector contributed $2.5 trillion to the U.S. GDP in 2023, generated $881.4 billion in personal earnings and supported 15 million jobs. That’s according to 2023 Economic Impacts of Commercial Real Estate study by the NAIOP Research Foundation. In Maryland, the CRE sector contributed…
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Baltimore Coalition seeks to lower city property tax
February 21, 2024Renew Baltimore – a group of local faith leaders, business owners and economists – is running a petition drive to put a question on November’s ballot that could, if approved, lower city taxes. The Baltimore City property tax rate of $2.25 per $100 of value is notoriously high – more…
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Building Energy Performance Standards put on hold
February 7, 2024The General Assembly committee charged with providing oversight of the regulatory activities of State agencies has officially notified the Maryland Department of Environment (MDE) that it intends to put adoption of the Building Energy Performance Standard regulations on hold. The request by the Administrative, Executive and Legislative Review (AELR) Committee…
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Uncertainty and costs complicate office leasing
February 7, 2024After 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…
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What to know about “The Corporate Transparency Act”
February 7, 2024Could 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…
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How should stormwater management adapt to climate change?
January 10, 2024A 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…
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Award-winning office meets the needs of hybrid work culture
January 10, 2024A “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…
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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…
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Retail resiliency, adaptability fuels optimism at NY ICSC
December 20, 2023Buoyed 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…