News

After two tumultuous years and an especially challenging period this spring, the construction supply chain appears — finally — to be settling into some more regular routines. For developers and builders, that shift is providing a little more stability but very little relief. The good news from the supply chain…

The combination of a steadily rising interest rate environment, escalating asset pricing, typical summer doldrums and renewed investor caution has pumped the brakes on the volume of investment sales transacted in recent months across all asset classes. However, experts participating in a recent roundtable discussion believe this situation will be…

In Frederick, Trammel Crow is developing Jefferson Tech Park to serve the biosciences industry. Photo courtesy of Trammel Crow. The development proposal was equally exciting and daunting. Kite Pharma, a subsidiary of Gilead Sciences and operator of the largest in-house, cell therapy manufacturing network in…

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,…