News
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Serving the massive, fast-paced and high-tech needs of today’s industrial market requires CRE professionals to be nimble and inventive. Several winners of NAIOP Maryland’s 2024 Awards of Excellence met those needs by delivering properties that were huge, complex and, in some cases, beyond the norms of industrial architecture.
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Renew Baltimore – a coalition of economists, real estate professionals, faith-based leaders, former politicians and others – is working to put a tax proposal on the November ballot which they say is key to attracting investment and residents back to Baltimore City. The ballot question would ask voters to support…
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Industry Roundtable: Restaurants
March 20, 2024The National Restaurant Association projects restaurant sales to pass $1 trillion for the first time in history, with the sector expected to add 200,000 jobs this year to increase total employment to nearly 16 million people. Arsh Mirmiran, Partner, Caves Valley Partners; Andrew Segall, Principal, Segall Group and Alex Smith,…
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An unexpected call from Ed St. John saddled Tom Pilon with a talent-development challenge. It was a Thursday afternoon in spring 2020. St. John announced that he had hired an intern for Pilon and the young man would be starting work come Monday morning. Katrina Trintis, a St.
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In the span of just four months, representatives of MCB Real Estate marked milestones in two, dramatically different residential developments. On a former brownfield site in Greektown, MCB held a ribbon cutting ceremony in October for The Lofts at Yard 56 — 227 luxury apartments in a building with…
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Industry Roundtable: Office Space Demand Forecast for 2024
January 23, 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…
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Funding shortfall threatens transportation and economy
January 23, 2024Looming 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…
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CRE tackles the big demand and cost of EV charging
January 23, 2024St. 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…
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Changing tracks: Could a new approach to TODs succeed?
January 23, 2024Described 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…
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Industry Roundtable: Reimagining the Camden Yards stadium district
November 15, 2023(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…