News

Baltimore was extremely well-represented at last week’s Innovating Commerce Service Communities (ICSC) dealmaking session, which returned to the Jacob K. Javits Convention Center in New York City following a pandemic-induced 36-month break. Ashkenazy Acquisition, KLNB Retail, Lee & Associates, MCB Real Estate and mfi Realty were…

In its first voting session, the newly elected Prince George’s County Council introduced measures to repeal five zoning decisions critical to major development projects that had been enacted by the previous council. As reported by Maryland Matters: The actions, which critics said bypassed traditional procedures, occurred during a…

With the legalization of recreational marijuana set to become law next July, could the Maryland warehouse/industrial asset class soon have another high-demand use in its future? The answer could be “yes,” based on the history of leasing activity in nearly 20 other states where cannabis is legal, the industry’s success…

The Montgomery County Council unanimously passed legislation requiring the county executive to issue all-electric building standards for new construction by December 31, 2026. The council’s Planning, Housing and Economic Development Committee recommended approval with amendments directed at several points important to NAIOP members. The amended version of the bill includes…

On an 80-acre site in Cecil County, the first cars in a planned delivery of 10,000 vehicles have started arriving at a newly created industrial outdoor storage (IOS) facility. Developed by Greenspring Realty Partners, the Insurance Auto Auctions facility demonstrates both the continued high demand for IOS space in Maryland…

Developers, building owners and brokers alike have been nervously awaiting the potential fallout and impact on future leasing activities as employees finally return to traditional and more normalized workplaces in a post-pandemic world, and companies reassess their future space needs. Early reports have been promising as remote-only and hybrid work…

Faced with an ambitious new schedule for reducing Maryland’s greenhouse gas (GHG) emissions, leaders across multiple industries are warning that even aggressive implementation plans – which would dramatically decarbonize transportation, buildings and the electric grid – will fail to meet the state’s 2031 GHG goal. Previously, Maryland was working towards…

Across from a retail center in Columbia, Goodier Properties has found a vibrant new role for a cluster of suburban office buildings. This summer, Goodier purchased a six-building, 250,000-square-foot property with a 35 percent vacancy rate on Old Dobbin Lane and embarked on a plan to transform it into a…

Tracking energy usage, establishing benchmark Energy Star scores and using that data to identify necessary energy equipment changes and retrofits will become an increasingly important activity for real estate owners as Maryland implements the Climate Solutions Now Act. Passed by the General Assembly in 2022, the act requires the state…

The Maryland Department of Environment (MDE) has scheduled a series of stakeholder meetings related to the development of regulations to implement a state-wide building energy performance standard. At this point, MDE interprets the directive in Senate Bill 528 to require that regulations apply to both energy use and direct emissions.