News

In the USGBC’s annual ranking of U.S. states “leading the way on green building,” Maryland ranked No. 5 last year, moving up two places from 2021. 5061 Howerton Way, a single-story building in Melford Town Center comprising 34,560 square feet of flex/R&D space, was the…

Building owners will soon have to learn the art of energy benchmarking and carefully report each building’s greenhouse gas emissions (GHG) to the Maryland Department of the Environment (MDE). The first building GHG number reported to MDE, which building owners are required to do beginning in 2025, will be the…

Redevelopment has kicked off at the CFG Bank Arena in Baltimore. Image courtesy of The Oak View Group. In case the prospect of seeing Bruce Springsteen, Janet Jackson, Lizzo or other superstars perform in Baltimore doesn’t excite you, consider a few numbers instead. Current investment…

  Minimum wage increases, gun control, abortion rights and recreational marijuana will be headline issues for the 2023 session of the Maryland General Assembly. During the 90-day session, lawmakers will also focus on a number of other areas of direct importance to commercial real estate, including…

Along Key Highway in Locust Point, crews are erecting a 15,000-square-foot commercial building which is pre-leased and slated to become a Goddard School this spring. Developer Goodier Properties financed $800,000 of the $6 million project through C-PACE, the Commercial Property Assessed Clean Energy funding program.

Impending recession expected to be grinding, enduring and especially difficult for Class B and C office space. With all signs pointing to an economic recession — presumably arriving mid-year or Q3 — how can the commercial real estate community best plan for this event? Recessions cause hardships, but there may…

First, WeWork popularized and successfully scaled the coworking concept for office space. Now, this trend is gaining support in the warehouse/industrial sector. Although no locations have yet opened in central Maryland, that could soon be changing as owners/investors look to take advantage of expected demand. The typical co-warehousing building consists…

New construction projects in Maryland will have to meet new requirements for stormwater discharges beginning April 1. The Maryland Department of Environment has reissued the Maryland National Pollution Discharge Elimination System (NPDES) General Permit for Stormwater Discharges Associated with Construction Activity. The new permit applies to stormwater discharges from construction…

NAIOP Maryland elected its 2023 slate of officers and board members at the recent holiday luncheon, including welcoming two new professionals to the board of directors – Kate Nolan Bryden, Senior Vice President, MRP Industrial and Michael Tait, Leasing Representative for St. John Properties, Inc. and bringing back Paul Giulio,…

Although all eyes are on the daily headlines detailing unsettling news about rising interest rates, a volatile stock market, inflation, the Ukraine-Russia conflict and the expected recession, a different economic challenge is emerging that requires more immediate attention – a looming labor shortage. That was a key message from Spencer…