News
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Cyberattacks can wreak long-term havoc on all industries, including the commercial real estate sector, with higher-profile companies increasingly susceptible to security breaches that can cause both economic loss and reputational damage. With the frequency and complexity of these instances growing, IT experts are urging companies to safeguard their assets by…
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New glory days begin for Baltimore arena
April 5, 2023Stepping before a sold-out, 14,000-person audience this Friday, Bruce Springsteen and the E Street Band will kick off what developers hope will be glorious new days for an old Baltimore arena. Following 10 months of fast-track renovation, the Oak View Group has completed a $250 million transformation…
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General Assembly enters stretch run in 2023 session
April 5, 2023The Maryland General Assembly moved more than 700 bills before the 69th-day crossover deadline and has headed into the stretch run of the 2023 Session. The crossover deadline serves as the cut-down date for legislation. By that date, the House and Senate need to pass bills in order…
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Local industrial/warehouse outlook
April 5, 2023Despite slower growth in e-commerce, increasing land shortages and high interest rates, panelists at the recent Bisnow Mid-Atlantic Industrial Summit remain extremely optimistic about the industrial/warehouse asset class in the local sub-market. “End-user demand continues to be very strong and industrial/warehouse buildings are still the darling of the real estate…
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The Maryland General Assembly has crossed the midpoint of its 2023 session. After a somewhat slow start, by the 41st day of the 90-day session, more than 2,200 bills had been introduced many with important implications for commercial real estate. A select list of bills that are a high priority…
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Women in Construction Week celebrates workers’ success
March 8, 2023The photo of a man with a hard hat holding drawings or a power tool is still the stereotypical image for a construction worker. Since its advent in 1998, Women in Construction (WIC) Week has worked to highlight the different journeys taken by women to achieve the same goal and…
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Now approaching three years since the “great work-from-home experiment” was forced upon nearly every office worker, a substantial percentage have found their way back into the traditional office setting, some have settled into a hybrid arrangement and a smaller number have vowed never to return, even if that means quitting…
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As hybrid work model evolves, employers must practice patience
February 22, 2023Nearly three years after the work-from-home model became standard operating procedure, employees and employers alike are still trying to determine which practices and policies provide the most flexibility and fairness but, as everyone is finding out, one size will never fit all. During an international roundtable discussion, participants from France,…
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Interest rates, recession fears fuel capital stack challenges
February 22, 2023High interest rates, inflation and fears of a recession are increasing challenges for CRE companies seeking financing. During the Construction Blueprint Series Economic Outlook webinar hosted by the Building Congress & Exchange, MacKenzie Capital President John Black and Vice President Brendan Harman discussed current financing conditions and the 2023 prospects…
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America’s largest cities have “an outsized role in the country’s economic engine,” according to an article appearing in Business Insider, which ranked the largest metropolitan areas based on metrics that included unemployment rate, job growth, per capita GDP, GDP growth and average weekly wages. Examining several of these categories, Baltimore…