News
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Builders “blown away” by efforts of local inspectors; state suspends new elevator commissioning
March 24, 2020Construction managers in the Baltimore and DC markets are praising building officials and inspectors for maintaining plan reviews and inspections under tough conditions. Most departments are working remotely and doing plan reviews with smaller teams but are continuing to issue permits and grant inspections that are imperative to meeting…
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Forecasts from big bank economists and commercial real estate companies are using descriptors such as “market destruction” and “massive contraction” to describe second-quarter (Q2) economic conditions. Between Wednesday and Friday of last week, analysts revised assumptions downward but also predicted a rebound in Q3 and Q4 of 2020. A…
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On the rooftops of three St. John Properties’ buildings, a sustainability initiative has been playing out for a decade. While investigating what sustainability practices made sense for its properties, St. John installed a 125-kilowatt solar array atop three, full-service, Class A office buildings in 2010. The systems which consist of…
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Before the end of 2020, parts of Baltimore’s waterfront could set a record by experiencing “sunny day flooding” at least 30 times within a year, scientists at the National Oceanic and Atmospheric Administration predict. In Annapolis, City Dock has already exceeded that frequency of sunny day floods. Consequently, the city…
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Spencer Levy, Chairman of Americas Research for CBRE, says “it is always darkest before the dawn” and explains that the recent market deterioration as a result from COVID-19 has caused an “unprecedented and unified global response from the United States Government and the governments of foreign countries to provide a…
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March 19, 2020 – Secretaries Kelly Schulz (Commerce) and Tiffany Robinson (Labor) hosted a March 16, 2020 conference call to brief business leaders on state actions relating to COVID-19 and how businesses can cope with the outbreak and the state of emergency. The two agencies are posting on-going updates…
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March 5, 2020 — A bill before Maryland’s General Assembly which would have expanded state sales tax to cover services, was unanimously rejected by a House subcommittee late Wednesday night. Earlier in the week, NAIOP Maryland testified to the House Ways and Means Committee that House Bill 1628 could…
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If you ask me…
March 5, 2020Perspectives from NAIOP-MD Members Harborplace, the symbol of Baltimore City’s renaissance, needs help. What is your vision? Brendan HarmanVice PresidentMacKenzie Capital, LLC “Harborplace partly made its name due to its free entertainment on the promenade, and a return to this concept would increase activity and drive…
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Experiential retail is the future, says ICSC speaker
March 5, 2020“Connecting with brands is the future of retail,” said Howard Saunders, the featured speaker at this week’s ICSC Mid-Atlantic Deal Making Session. “The consumer of today has everything and, with its mobile device in its hands, has access to everything,” Saunders said to the lunchtime crowd at the Gaylord National…
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Reports shine a light on energy initiatives that deliver environmental benefits and return on investment
March 5, 2020Amid the drive to improve energy efficiency in buildings, commercial real estate companies have shown a strong commitment to advancing building performance and reducing greenhouse gas emissions. In 2009, leading CRE companies signed onto the Urban Land Institute Greenprint and made a commitment to cut energy use 50 percent by…