News

President Joe Biden recently implored all Americans to “get back to work,” but many companies are still treading lightly and moving at a cautious pace due to possible liability issues with tenants and employees. The challenges being faced, together with the strategies being used to navigate this rapidly changing situation,…

It was a 30-minute construction operation that took an entire year to plan. Corporate Office Properties Trust (COPT) had embarked on a routine mechanical upgrade — replacing an office building chiller plant that was nearing the end of its lifecycle. The hitch was the office building was 100 Light Street…

A Maryland Senate committee has approved a scaled-back version of Senate Bill 528 that extends the first deadline in the timeline for decarbonization of existing buildings to 2035 and removes the requirement for all-electric new construction beginning in 2024. The Senate bill also requires three studies to advise the…

The Maryland Senate is moving legislation that mandates an abrupt end to fossil fuel use on a schedule that will present immense financial and logistical challenges for owners and occupants of commercial, industrial and multifamily real estate. NAIOP has consistently advocated for technically sound, cost-effective and orderly climate mitigation policies.

Despite all the economic turmoil in 2021, the commercial real estate sector grew and continued to be a major driver of the American economy. Direct expenditures in new CRE developments climbed from $201.4 billion in 2020 to $239.7 billion in 2021, according to the NAIOP Research report…

Refrigerated warehouses and cold storage facilities were once considered unattractive investments for several, salient reasons: exceedingly high construction costs, enormous power demands (and the expensive, complex infrastructure to satisfy them) and relatively low demand among end-users. The facilities are still complex and costly, but demand for them shot up quickly…

Landlords and companies alike are still struggling to pinpoint the perfect draw to lure employees back into traditional work environments, while careful to not present any indication of force. Because the great work-from-home experiment has worked so well for so many people and industries, certain employees are considering this arrangement…

Achieving net zero emissions in building heating and hot water is perhaps the greatest challenge of all the sector transitions necessary to meet Maryland’s greenhouse gas reduction targets. To reach net zero by following a high electrification strategy requires that a large majority of existing buildings convert from fossil fuel…

A recent ruling by the Maryland Public Service Commission (PSC) is fueling predictions that the state is about to experience a surge of investment in manufacturing and logistics facilities. In December, the PSC awarded additional Offshore Wind Renewable Energy Credits (ORECs) to U.S. Wind and Orsted – the…

Despite all the apocalyptic talk about the demise of brick-and-mortar retail and the fact that 13% of all retail purchases now happen online, 2022 is a great time to have a physical retail location. In a recent Placer.ai webinar, retail experts backed up that opinion by pointing to shipping problems…