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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,”…

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…

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…

As the pandemic was still unfolding, retailers were adapting, e-commerce kept surging and concerns grew about inflation and a possible recession. But some CRE professionals embarked on contrarian initiatives and began amassing investment funds to purchase retail properties. Select renovations to Padonia Village attracted a…

After 75 years in the same Baltimore location, Titan Steel Corporation needed to move. The manufacturer of steel and aluminum core products for clients around the world selected a site in Hollander Business Park. Even though the new, 100,000-square-foot, tilt-up concrete building would be designed for industrial use, the project…

The bright red accents, feature staircase, café seating, posh lounge, artful lighting, industrial touches and city views create the feel of a super cool, luxurious and oh so inviting coffee shop. Spark Flex combines coworking and traditional office space with a wealth of amenities, including an inviting…

Higher density, residential development and mall redevelopment are driving growth in the Hunt Valley submarket. Photo courtesy of MacKenzie Commercial Real Estate Services. Somewhere in the mix of leasing contracts, vacancy trends, new construction, renovation projects and shifting activity across product types, developers are seeking to cultivate…

  An “aspirational” plan to guide growth in Baltimore County through the next decade and beyond has some members of the commercial real estate industry asking county officials to provide greater clarity about regulations and more robust tools to support development efforts.  After…

In recent months, there have been promising economic signs with interest rates stabilizing, the debt ceiling debate settled and an ever-increasing number of employees returning to the traditional workplace. Will this cumulatively result in an uptick in commercial leasing activity during the second half of 2023? Or, are companies…

The former Radisson Hotel and Holiday Inn in Baltimore is being transformed into a two-tower, 708-unit multifamily complex with 30,000 square feet of retail. Image courtesy of MacKenzie Commercial Real Estate Services. Rattling off the retail and residential strengths of the Vivo Living development in the Inner…