News

  • Industry Roundtable: Office Space Demand Forecast for 2024

    Industry Roundtable: Office Space Demand Forecast for 2024

    (Left) Rob Bavar, President, Bavar Properties; Abby Glassberg, Principal, KLNB and Liz Allison, Leasing, Merritt Properties. NAIOP Research Foundation’s Q4 Office Demand Forecast highlighted the numerous challenges facing developers, landlords and brokerage professionals in the coming year. The continued reluctance among employees to…

  • Funding shortfall threatens transportation and economy

    Funding shortfall threatens transportation and economy

    Looming cuts to state transportation spending and a systemic funding shortfall are stoking concerns that central Maryland could face a deterioration in infrastructure, services and its economy. In December, Maryland’s Department of Transportation (MDOT) released a proposed, six-year spending plan designed to…

  • CRE tackles the big demand and cost of EV charging

    CRE tackles the big demand and cost of EV charging

    St. John Properties is adding charging infrastructure to office and flex properties. Photo courtesy of St. John Properties. In 2023, Maryland ranked among the top 10 states for electric vehicle (EV) adoption in the country and that is presenting commercial real estate owners…

  • Changing tracks: Could a new approach to TODs succeed?

    Changing tracks: Could a new approach to TODs succeed?

    Described as a major infill project, the Penn Station TOD will refurbish the historic train station and produce 1.6 million square feet of new commercial, retail and residential space on a 40-acre site. Image courtesy of Beatty Development. Beyond the scaffolding encasing Penn Station, crews…

  • Industry Roundtable: Reimagining the Camden Yards stadium district

    Industry Roundtable: Reimagining the Camden Yards stadium district

    (Left) Matt Renauld, Principal/Design Director, Mahan Rykiel Associates, Inc. and Robert Northfield, Principal, BCT Design Group. When Oriole Park at Camden Yards opened in 1992, the stadium complex was universally acclaimed for its innovative design that spawned “The Camden Effect.” Inspired by Camden Yards, the…

  • Parole master plan allows taller, denser development

    Parole master plan allows taller, denser development

    The new master plan for Parole Town Center appears to open up opportunities to build taller, denser mixed-use developments and provide developers with greater flexibility to tailor their plans to meet market trends. “The master plan appears to be following through on the stated intent for Parole…

  • The New Economics of Green: Technology, incentives, market demand boost sustainable projects

    The New Economics of Green: Technology, incentives, market demand boost sustainable projects

    In downtown Silver Spring, crews are preparing to break ground in December on an uncommonly sustainable building. The nine-story, 82,000-square-foot headquarters of the Housing Opportunities Commission of Montgomery County will be all-electric and net-zero-ready. The new Housing Opportunities Commission building will be all-electric and net-zero-ready.

  • Consortium pursues vision of $4.2 billion tech hub

    Consortium pursues vision of $4.2 billion tech hub

    On the heels of greater Baltimore being designated a federal Tech Hub for artificial intelligence and biotechnology, a regional consortium is pursuing $40 million to $70 million in federal funding to build out tech innovation centers, laboratories, biomanufacturing facilities and workforce development programs. “This is truly a once-in-a-generation, historic program,”…

  • Industry Roundtable: Lessons learned from commercial real estate veterans

    Industry Roundtable: Lessons learned from commercial real estate veterans

    The commercial real estate industry is known for its cyclical and unpredictable nature, but events over the past several years led by the pandemic and its lingering impact, the work from home phenomenon, the shifting of office space from the urban to suburban environments, and the unprecedented…

  • Could rent law harm Montgomery County’s economy?

    Could rent law harm Montgomery County’s economy?

    An effort by Montgomery County Council to stabilize rental rates is raising concerns that the legislation could actually exacerbate the housing affordability problem and damage the county’s economy. After months of hearings, more than a dozen amendments and a voting marathon, council members passed legislation in July…