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The 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…

Shopping 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…

What 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…

Despite 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…

Port 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,…

Impact 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.

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…

Despite all the debates and concerns over government mandates to lower greenhouse gas emissions and implement all-electric building codes, major commercial real estate companies are moving forward with bold decarbonization goals. Jones Lang LaSalle, Duke Realty, CBRE and Prologis have pledged to achieve carbon neutrality across their entire portfolios by…

Public-private partnerships are delivering ambitious projects in Maryland, including the new city hall and civic plaza in College Park. Photo Courtesy of Design Collective. It took $51 million, years of discussions and an unconventional plan, but the grand opening of the new College Park City…

With the renovation of the 60-year-old Royal Farms Arena now underway, what is your fondest memory of a concert or sporting event which you’ve attended, including its days as the Baltimore Civic Center? Once the project is complete, what artist would you be interested in seeing there?   Kate Nolan…