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The Anne Arundel County commercial real estate market continues to perform much better than its neighboring jurisdictions – particularly Baltimore City and Washington, D.C. – due partly to plentiful free parking, necessary amenities, and the allure of the Annapolis waterfront. That was the consensus of several brokers and developers participating…

A report from the Department of Legislative Services on the financial condition of the state warns of budget shortfalls “necessitating significant spending reductions and/or increased revenues” by 2028. Maryland closed out 2022 with a budget fund surplus of $5.4 billion. The report attributes the healthy balance sheet…

The bright red accents, feature staircase, café seating, posh lounge, artful lighting, industrial touches and city views create the feel of a super cool, luxurious and oh so inviting coffee shop. Spark Flex combines coworking and traditional office space with a wealth of amenities, including an inviting…

Higher density, residential development and mall redevelopment are driving growth in the Hunt Valley submarket. Photo courtesy of MacKenzie Commercial Real Estate Services. Somewhere in the mix of leasing contracts, vacancy trends, new construction, renovation projects and shifting activity across product types, developers are seeking to cultivate…

  An “aspirational” plan to guide growth in Baltimore County through the next decade and beyond has some members of the commercial real estate industry asking county officials to provide greater clarity about regulations and more robust tools to support development efforts.  After…

In recent months, there have been promising economic signs with interest rates stabilizing, the debt ceiling debate settled and an ever-increasing number of employees returning to the traditional workplace. Will this cumulatively result in an uptick in commercial leasing activity during the second half of 2023? Or, are companies…

What is the highest and best use for Harborplace?   “I would like to see a mixed-use attraction that not only sparks and rekindles tourism but can also be sustainable and endure economic cycles. I understand it cannot be all retail or all multifamily but, rather, a…

Bill Barroll had a bold, fundraising plan. Unbeknownst to the Chief Business Officer and Managing Senior Vice President for Corporate Office Properties Trust (COPT), Karen Cherry had a similar plan with the potential to completely derail his strategy. Instead, the two NAIOP MD board members together set a fundraising record…

On June 29th, the Maryland Department of Environment (MDE) and the Maryland Energy Administration (MEA) kicked off a crucial task force charged with developing incentives and a funding plan for the decarbonization of public and private buildings. The initial meeting focused on existing state and federal building energy and emissions…

The decarbonization goals in the Climate Solutions Now Act will impact every sector of Maryland’s economy. However, exactly how the state will achieve a 60 percent reduction in greenhouse gas (GHG) emissions by 2031 and net zero emissions by 2045 has not been detailed. The Maryland Department of Environment has…