News

By Gail Chrzan, Senior Vice President, Blue and Obrecht Realty, LLC The Maryland Chapter of the Cystic Fibrosis Foundation was staging a gala with the Governor of Maryland in three days, when a water line in their office broke and destroyed everything. The non-profit group was in immediate need of…

While online shopping is clearly driving growth in the industrial property market, a fledgling industry in Maryland – offshore wind energy – is also creating new demand for industrial space.  During a recent webinar hosted by the Building Congress & Exchange, Brady Walker, Mid-Atlantic Market Manager for Ørsted, discussed some of the real estate and…

With no eligible forest mitigation banks remaining in Montgomery County, the Maryland Park and Planning Commission is leading a legislative effort in Annapolis to reverse an Attorney General’s opinion that state law does not allow forest mitigation banks to be created from existing forest.  In October 2020, Maryland Attorney General Brian Frosh issued an opinion that concluded, in part, that acquisition of credits in a “forest retention bank” that preserves existing forest does not qualify as mitigation under…

What creative new uses are starting to infiltrate retail centers? Trish PalumboDirector of LeasingKlein Enterprises “We are seeing creative buy and sell boutique concepts, a.k.a. consignment shops, with a twist or two, including the sale of new and used merchandise and a combination of two or more product categories. One…

Businesses and residents took flight from major cities as the impact of the pandemic set in, to escape crowded buildings and streets. Now, Baltimore is among the many mid-sized cities searching for compelling ways to lure people back. This topic was recently addressed by civic and educational leaders during the…

On the site of a massive, abandoned aircraft manufacturing plant, developer Jonathan Ehrenfeld’s passion project appears to be generating opportunities and challenges in nearly equal magnitude. Photo courtesy of Blue Ocean The President and CEO of Blue Ocean is redeveloping the former Glenn L. Martin Company plant in Middle River.

Anne Arundel County Executive Steuart Pittman’s request for authorization from the General Assembly to impose a transfer tax surcharge drew opposition this week from NAIOP Maryland and other real estate groups. Proceeds from the tax surcharge on real estate valued at more than $1 million would be earmarked for affordable…

Following the lead of Boston, New York, Seattle, Washington D.C., London, Vancouver and other gateway cities around the world, the General Assembly is considering legislation that makes major changes to energy use in new and existing buildings. The Climate Solutions Now Act, Senate Bill 414, would set performance standards…

The economic trends that made industrial/warehouse a white-hot category in 2020 are going strong and creating ongoing opportunities in Central Maryland. Cabot Properties, together with development partner MRP Industrial, recently broke ground on a new speculative 86,840 square foot warehouse/industrial building in Prince George’s County. Photo courtesy of MRP Industrial.

Paul Giulio, Vice President of Development at Hill Management Services, Inc., was first introduced to the Developing Leaders (DL) Committee when he participated in an onsite property tour and developer’s presentation that had been organized by the committee. In his role overseeing construction and development activities for Hill Management Services,…