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Buoyed by a national retail vacancy rate under 5 percent, a record 200 million shoppers over the Thanksgiving holiday, strong Black Friday sales figures and predictions of a 4 percent boost in holiday spending to nearly $970 billion this year, participants at the recent ICSC…

The Maryland General Assembly will face a deteriorating budget outlook as well as major climate and education commitments when it begins its 2024 session on January 10th. In 2022, the Maryland General Assembly passed the Climate Solutions Now Act establishing the most aggressive near-term greenhouse…

Kate Jordan, SIOR, Principal, Lee & Associates | Maryland, was elected President of NAIOP Maryland at the recent Holiday Luncheon. Additional officers include Sean Doordan, Executive Vice President, Acquisitions & Growth, St. John Properties, Inc. as President-Elect; Scott Wimbrow, President and Principal, MacKenzie Commercial Real Estate Services, LLC as Vice…

Resilient but not immune to market challenges Merriweather Row Buoyed by a prime location, a highly educated and high-earning workforce, good schools, a diverse population, and modern, attractive office buildings, the commercial real estate sector in Columbia and Ellicott City has weathered recent…

The current economic environment represents a “generational opportunity to acquire commercial real estate assets.” That was a key message from Spencer Levy, CBRE’s Global Client Strategist and Senior Economic Advisor, at NAIOP Maryland’s annual Capital Stack event. “Now is also the best time to develop new projects,” Levy said. “It…

NAIOP and four other commercial and residential real estate trade associations are raising significant concerns with the proposed final report of Maryland’s Building Energy Transition Implementation Task Force. In a joint submission, the associations gave notice of their intent to vote against adopting the report and its…

(Left) Matt Renauld, Principal/Design Director, Mahan Rykiel Associates, Inc. and Robert Northfield, Principal, BCT Design Group. When Oriole Park at Camden Yards opened in 1992, the stadium complex was universally acclaimed for its innovative design that spawned “The Camden Effect.” Inspired by Camden Yards, the…

The new master plan for Parole Town Center appears to open up opportunities to build taller, denser mixed-use developments and provide developers with greater flexibility to tailor their plans to meet market trends. “The master plan appears to be following through on the stated intent for Parole…

In downtown Silver Spring, crews are preparing to break ground in December on an uncommonly sustainable building. The nine-story, 82,000-square-foot headquarters of the Housing Opportunities Commission of Montgomery County will be all-electric and net-zero-ready. The new Housing Opportunities Commission building will be all-electric and net-zero-ready.

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,”…