News

  • Northern prospects: Signals of growth fuel optimism for northern Maryland market

    Northern prospects: Signals of growth fuel optimism for northern Maryland market

    After years of feeling the impacts of high interest rates and construction costs, a pullback in industrial activity and a deflated office market, commercial real estate in northern Maryland is seeing a promising mix of new construction, redevelopments, site tours, tenant deals, and hopeful economic signs. In Cecil, Harford and…

  • CRE market for government contractors finds a new normal

    CRE market for government contractors finds a new normal

    The Gate, St. John Properties’ development at Aberdeen Proving Ground, has seen strong demand from government contractors who want to locate near their clients. Photo courtesy of St. John Properties Inc. A year that included DOGE cuts, shifting funding levels, a federal back-to-office order and delayed contracting during…

  • A conversation with Lawrence F. Maykrantz

    A conversation with Lawrence F. Maykrantz

    Larry Maykrantz joined Maryland Industrial Enterprises (the predecessor of St. John Properties, Inc.) in 1982 as Controller, and in 2011 assumed the role of President and CEO of the company which has grown to 16 offices in 13 states and has real estate assets valued at more than $5.5 billion.

  • General Assembly weighs major change to transit oriented development

    General Assembly weighs major change to transit oriented development

    Legislation before the General Assembly aims to remove barriers and improve the financials of transit oriented developments, like Owings Mills Metro Centre. Photo courtesy of David S. Brown Enterprises. Maryland is on the cusp of enacting legislation that would accelerate mixed-use, transit‑oriented development (TOD) by eliminating regulatory bottlenecks…

  • A conversation with Marc Selvitelli, NAIOP

    A conversation with Marc Selvitelli, NAIOP

    As President and CEO of NAIOP, Marc Selvitelli presides over the Herndon, Virginia-based organization with a mission to “elevate the commercial real estate development industry, strengthen member value proposition, and provide robust advocacy activities, as well as education and research resources.” This summer, the trade association is shifting to a…

  • County aims to ease concerns, reap benefits of data center development

    County aims to ease concerns, reap benefits of data center development

    Months of debate, a detailed study and sometimes heated feedback from the public left Prince George’s County officials probing the economic benefits, development challenges and regulatory complexities of data center developments. A task force report and set of policy recommendations recently equipped the county with a path forward. But policymakers…

  • Empty storefronts present opportunities and headaches

    Empty storefronts present opportunities and headaches

    When Rite Aid pulled out of Padonia Village Shopping Center, Continental Realty Corporation transformed the space into a childcare center. Photos courtesy of Continental Realty Corporation. Store closures by Rite Aid, CVS, Joann Fabrics and Crafts, Party City, Big Lots, Bed Bath & Beyond, and other major retailers…

  • Montgomery County wrestles with sharp drop in multi-family projects

    Montgomery County wrestles with sharp drop in multi-family projects

    A dramatic drop in multi-family permitting in Montgomery County has drawn sharp criticism, big questions and some rethinking of county policies. Data released by the county’s Planning Department showed a major change in the number of multi-family units permitted since County Council enacted a rent control law in July 2024.

  • Mixed use with a twist: Projects demonstrate new paths to success

    Mixed use with a twist: Projects demonstrate new paths to success

    Extraordinary planning landed the Mayor’s Office of Employment Development as the anchor tenant in Reservoir Square’s new commercial space. Image courtesy of MCB Real Estate. From bespoke projects in distressed neighborhoods to reinventions of century-old industrial sites to the green build of an entirely new community, developers…

  • 40 Years of Connections: Members share their favorite NAIOP-MD moments

    40 Years of Connections: Members share their favorite NAIOP-MD moments

    From the Summer Social to Developing Leaders programs, the Capital Stack presentation, and countless community service projects, NAIOP Maryland members know how to mix business, learning, and fun. Over four decades, this vibrant community has shaped careers, sparked friendships, and built lasting connections across the industry. To celebrate 40…