News

New terms are added to the commercial real estate vernacular on a near-daily basis. At the NAIOP Maryland Holiday Party, we asked several participants to provide their definition of the “hubquarters” concept.  Here are their answers, with the actual definition below.   “The headquarters of a particular company is…

The 2021 holiday season appears to be blending some traditional shopping patterns with some mid-pandemic changes. Consumers are expected to return en masse to traditional retail venues, spend more and make purchases earlier this year to avoid shipping delays. That has consequences for retailers. Black Friday — coined for the…

On December 6th, the Maryland General Assembly will convene in a special session to consider redistricting the state’s eight Congressional election districts. After each 10-year census, Congressional and state legislative districts are redrawn to reflect population changes. A legislative advisory panel, co-chaired by the Senate President and House Speaker, endorsed…

Although they have been vacant for decades, located in a blighted neighborhood and repeatedly dismissed as an impossible development project, a cluster of buildings near Howard and Lexington constitutes “a once in a lifetime opportunity to help advance the revitalization of the west side.” That’s the view of Jayson Williams,…

Excited about cranes, concerned about crime It’s Baltimore’s version of a Tale of Two Cities. One set of news headlines celebrates massive, ongoing investment in Port Covington, Harbor East, Harbor Point, Penn Station, Lexington Market and other developments in the heart of the city. Other headlines and quieter discussions raise…

Joseph Mayer, Principal, J. Mayer Architects; Sandy Sawicki, Vice President, Interior Design, JMT Architecture and Scott Vieth, Principal, Design Collective recently gathered to discuss how their firms are reacting and presenting solutions to changes in the workplace, emerging trends including employee input requesting healthier indoor environments; the overall reimagining…

From unconventional billing systems to adaptive re-use projects to garages that look like vending machines, parking facilities are facing some intriguing, new prospects. Long before the pandemic hit, parking needs had been trending downwards as more Americans embraced live-work-play environments, ride-sharing services, transit-oriented developments and lifestyles that weren’t tethered to…

At the Port City Press Building in Pikesville, an adaptive re-use project by Garver Development Group transformed a 177,000-square-foot, 75-year-old printing plant into a modern facility supporting light industrial, warehouse and self-storage functions. A $3 million C-PACE loan underwrote the installation of energy-efficient systems and rooftop solar panels that generate…

“What new leasing trends are emerging as companies consider returning to the office?”   Joe Bradley Senior Vice President and Principal MacKenzie Commercial Real Estate Services “What started as a fad has gained relevance as many adopt a hybrid work model; however, we anticipate the use…

Widespread and growing adoption of sustainability goals by commercial real estate investors and tenants will require developers and owners to expand their adoption of green design, clean energy systems, building retrofits and information sharing technologies in the near future, according to a report by JLL. Photo courtesy of…