News
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NAIOP Petitions Court to Review Prince George’s Zoning Ruling
August 31, 2022NAIOP Maryland has asked the Maryland Court of Appeals to overturn a ruling that could invalidate conditional uses, special exceptions and other critical zoning tools in Prince George’s County. NAIOP Maryland submitted an Amicus Curiae petition requesting that the court review a lower court ruling that threatens…
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One provision of Senate Bill 528 The Climate Solutions Now Act is a requirement that the Maryland Green Building Council examine and report by December 1st on means and methods to reduce the climate impacts of the concrete used in state projects. Greenhouse gas emissions from fuel…
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Speaker Series to Focus on Decarbonizing Buildings
August 31, 2022The Maryland Clean Energy Center will host a series of panel discussions beginning September 13th on decarbonizing buildings. The September 13th panel will focus on the integration of micro grids into the larger electric transmission infrastructure. Topics for other dates include strategies to decarbonize buildings, EV charging infrastructure planning, building-to-electric-grid…
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Consumer trends, improved services fuel car wash industry growth
August 31, 2022The evolution and future of the car wash industry may be best illustrated by the recently opened Flagship Carwash. Located in Loudoun County, Virginia, the 65,000-square-foot facility is billed as the largest indoor car wash in the United States. Features include side-by-side double wash tunnels, 22 free vacuum stations, 10…
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Upcoming movie theatre traffic expected to boost malls
August 31, 2022Shopping malls around the country continue to rebound from the pandemic-influenced decrease in consumer traffic and landlords remain optimistic about the balance of 2022, in part due to an expected increase in people going to movie theatres later this year. Although traffic remains down, overall retail sales are trending upwards…
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If You Ask Me… Perspectives from NAIOP-MD Members
August 3, 2022What is your real estate forecast for the balance of the year? Gail Chrzan Senior Vice President Blue & Obrecht Realty “Many negative domestic and worldwide situations are causing businesses to pause with their real estate decisions and, collectively, are contributing to a challenging commercial office…
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Local brokerage firms optimistic about remainder of 2022
August 3, 2022Despite economic headwinds created by record inflation, rising interest rates, lower consumer spending, slower job growth and growing discussions of a national recession, recently released Q2 market reports distributed by MacKenzie Commercial Real Estate Services and Lee & Associates | Maryland point to continued optimism in the Central Maryland commercial…
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ICYMI: MAG Partners’ Gilmartin heralds new phase and broad potential of Port Covington
July 22, 2022Port 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,…
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Industry Roundtable: An Economic Outlook
July 22, 2022Impact 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.
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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…