News

NAIOP MD believes the proposed Baltimore County Master Plan needs to be revised to support higher density development in designated areas. High density developments, such as Owings Mills Metro Center, have fueled growth in some areas of Baltimore County. Photo courtesy of David…

A weakened office market combined with ongoing, strong demand for life sciences space in Maryland and the Mid-Atlantic has prompted some property owners – and their project teams – to refine processes for creating laboratories within existing office buildings. Bala Consulting Engineers has heard from multiple clients who are looking…

Six Baltimore City Public Schools have new Teachers’ Wellness Lounges thanks to the Educator Support Collaborative – a non-profit group comprised of more than 30 Baltimore-area companies, including numerous NAIOP MD members. The pro-bono effort leveraged more than $250,000 worth of architectural, interior design and construction services as well as…

On June 5th NAIOP submitted comments on the Maryland Department of Environment’s draft Building Energy Performance Standards urging the department to make changes to ensure building performance targets and Alternative Compliance Fees are technically feasible and financially realistic. The 2022 Climate Solutions Now Act (CSNA)…

Stakeholders representing the local commercial real estate development, brokerage, medical, and economic development sectors presented their opinion on deliverables needed to maintain the renaissance underway in Baltimore City at a recent seminar sponsored by the Baltimore Business Journal.   Shelonda Stokes President, Downtown Partnership of Baltimore “More than…

Montgomery County Executive Mark Elrich has proposed a 10-cent property tax increase that would raise an additional $220 million to fund education. The increase is included in Elrich’s $6.8 billion spending plan for fiscal year 2024. The County Executive says the increase is needed to finance the Montgomery County Public…

Once upon a time, gas stations only sold gas. But, beginning in the 1950s, with Americans clocking in longer hours at work, the convenience store (C-store) model was conceived as a way to provide time-depraved consumers with new options to pick up a gallon of milk or…

Commercial real estate professionals are still sorting out the long-term impact of the quick-hitting banking crisis, with fears ranging from tighter borrowing guidelines causing construction slowdowns to liquidity issues to lower property valuations which will negatively impact municipality revenues. According to Bill Libercci, NorthMarq Capital’s Senior Vice President, fast-rising interest…

The 2023 Maryland General Assembly Session is in the books. The NAIOP State Legislative Committee, under the leadership of Tom Pilon of St. John Properties, continued to serve as the leading advocate for commercial real estate in Annapolis.  During the 90-day session, the NAIOP Legislative Committee: Reviewed more than 2,200…

Rising interest rates, construction materials costs, tenant improvement expenses and higher vacancy rates among commodity office buildings in the suburbs have encouraged economists and real estate professionals to dub 2023 as “the year of increases.” When combined with the enduring work-from-home dynamic and talk of a possible recession arriving later…