News

The 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,…

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.

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…

(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…

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…

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…

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…

(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…

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…

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.