News

At the former Port City Press building in Pikesville, Garver Development Group has leveraged a novel financing tool, CPACE, to both improve the financials of a renovation project and the energy performance of the redesigned facility.  Garver acquired the 177,000-square-foot building last year and began redeveloping it to support a self-storage…

The NAIOP-MD Community Service Committee is in need of approximately 100 volunteers with green thumbs (additional finger colors are also welcome) to participate in a half-day event with The 6th Branch (T6B) on Friday, May 14 beginning at 9 am. Activities in “The Fields of Color” initiative, to benefit the New Broadway East Community, will include tilling existing fields,…

As the great work-from-home experiment extends past its one-year anniversary, workers have made adjustments to their environment and schedules and are becoming increasingly comfortable viewing the WFM model as a viable long-term solution. To counteract this trend and lure more workers back to the traditional office setting, landlords are urged to design a…

By Gail Chrzan, Senior Vice President, Blue and Obrecht Realty, LLC The Maryland Chapter of the Cystic Fibrosis Foundation was staging a gala with the Governor of Maryland in three days, when a water line in their office broke and destroyed everything. The non-profit group was in immediate need of…

While online shopping is clearly driving growth in the industrial property market, a fledgling industry in Maryland – offshore wind energy – is also creating new demand for industrial space.  During a recent webinar hosted by the Building Congress & Exchange, Brady Walker, Mid-Atlantic Market Manager for Ørsted, discussed some of the real estate and…

With no eligible forest mitigation banks remaining in Montgomery County, the Maryland Park and Planning Commission is leading a legislative effort in Annapolis to reverse an Attorney General’s opinion that state law does not allow forest mitigation banks to be created from existing forest.  In October 2020, Maryland Attorney General Brian Frosh issued an opinion that concluded, in part, that acquisition of credits in a “forest retention bank” that preserves existing forest does not qualify as mitigation under…

What creative new uses are starting to infiltrate retail centers? Trish PalumboDirector of LeasingKlein Enterprises “We are seeing creative buy and sell boutique concepts, a.k.a. consignment shops, with a twist or two, including the sale of new and used merchandise and a combination of two or more product categories. One…

Businesses and residents took flight from major cities as the impact of the pandemic set in, to escape crowded buildings and streets. Now, Baltimore is among the many mid-sized cities searching for compelling ways to lure people back. This topic was recently addressed by civic and educational leaders during the…

On the site of a massive, abandoned aircraft manufacturing plant, developer Jonathan Ehrenfeld’s passion project appears to be generating opportunities and challenges in nearly equal magnitude. Photo courtesy of Blue Ocean The President and CEO of Blue Ocean is redeveloping the former Glenn L. Martin Company plant in Middle River.

Anne Arundel County Executive Steuart Pittman’s request for authorization from the General Assembly to impose a transfer tax surcharge drew opposition this week from NAIOP Maryland and other real estate groups. Proceeds from the tax surcharge on real estate valued at more than $1 million would be earmarked for affordable…