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Port Covington has entered “leasing mode,” according to Maryanne Gilmartin, Founder and CEO of MAG Partners. Gilmartin described the status and potential of the mega project at NAIOP Maryland Summer in the City networking event, held at 2455 Banner Street in Port Covington. The New York-based company,…

Impact of looming economic downturn on commercial real estate sector debated Dark clouds are gathering on the horizon in the form of rising gas prices, continued supply-chain and logistics issues, construction material shortages, geopolitical forces and the continued hangover of the COVID-19 healthcare crisis, prompting speculation of a looming recession.

In the midst of the pandemic and the ensuing turmoil in the retail sector, leasing agents for Northwood Commons were busy. The former Northwood Plaza had been struggling for decades and periodic talks about redevelopment plans never gained traction. Then MCB Real Estate crafted a plan to overhaul the property…

Despite all the debates and concerns over government mandates to lower greenhouse gas emissions and implement all-electric building codes, major commercial real estate companies are moving forward with bold decarbonization goals. Jones Lang LaSalle, Duke Realty, CBRE and Prologis have pledged to achieve carbon neutrality across their entire portfolios by…

Public-private partnerships are delivering ambitious projects in Maryland, including the new city hall and civic plaza in College Park. Photo Courtesy of Design Collective. It took $51 million, years of discussions and an unconventional plan, but the grand opening of the new College Park City…

With bright sunlight streaming into his office overlooking the Baltimore County countryside in Timonium, Jim Knott squints his eyes and remarks that “life has never been better.” The 2022 recipient of NAIOP Maryland’s Lifetime Achievement Award is a bit uncomfortable reminiscing about his successful construction and commercial real estate career…

It takes a community of talented and hardworking professionals to foster an outstanding commercial real estate industry in Maryland. At the 2022 Awards of Excellence, NAIOP Maryland recognized several individuals for their outstanding contributions to the CRE industry and to the chapter. David Fritz received the Broker Award,…

Between the sleek new apartments, Class A office developments, eclectic restaurants and retailers, a one-of-a-kind hotel, extensive entertainment offerings, and access to miles of trails and greenspaces, a new vision for a live-work-play community has materialized in downtown Columbia. BEST MIXED USE AWARD…

Through innovative thinking and expert construction, some project teams transformed unusual — even unsightly — materials into extraordinary commercial spaces over the past year. At the former Maryland National Guard Armory in Towson, a project team lead by Chesapeake Contracting Group enabled Greenberg Gibbons and Towson University to realize their…

BEST BUILD TO SUIT AWARDTo meet Wayfair’s precise and urgent needs, MRP Industrial rapidly completed a 200,000-square-foot expansion to its Eastgate property. Photo courtesy of MRP Industrial. MRP Industrial had just completed the shell of a 1 million-square foot Class A industrial building at…