News

  • Parole master plan allows taller, denser development

    Parole master plan allows taller, denser development

    The new master plan for Parole Town Center appears to open up opportunities to build taller, denser mixed-use developments and provide developers with greater flexibility to tailor their plans to meet market trends. “The master plan appears to be following through on the stated intent for Parole…

  • The New Economics of Green: Technology, incentives, market demand boost sustainable projects

    The New Economics of Green: Technology, incentives, market demand boost sustainable projects

    In downtown Silver Spring, crews are preparing to break ground in December on an uncommonly sustainable building. The nine-story, 82,000-square-foot headquarters of the Housing Opportunities Commission of Montgomery County will be all-electric and net-zero-ready. The new Housing Opportunities Commission building will be all-electric and net-zero-ready.

  • Consortium pursues vision of $4.2 billion tech hub

    Consortium pursues vision of $4.2 billion tech hub

    On the heels of greater Baltimore being designated a federal Tech Hub for artificial intelligence and biotechnology, a regional consortium is pursuing $40 million to $70 million in federal funding to build out tech innovation centers, laboratories, biomanufacturing facilities and workforce development programs. “This is truly a once-in-a-generation, historic program,”…

  • Optimism remains high despite industrial leasing slowdown  

    Optimism remains high despite industrial leasing slowdown  

    The discernable dip in the volume of industrial leasing activity in the greater Baltimore Metropolitan Area this past year has not lessened optimism among owners and investors of this asset class. Leading reasons for the upbeat view include: the diminishing volume of new product under construction, the still low 7.4…

  • Historic BWI projects raise prospects of new CRE needs

    Historic BWI projects raise prospects of new CRE needs

    Photo courtesy of Froehling and Robertson Inc. The award-winning bathrooms may be claiming all the headlines. But hundreds of millions of dollars worth of developments at Baltimore Washington Thurgood Marshall International Airport are poised to boost the airport’s economic impact and potentially create…

  • State anticipates $15 billion emissions plan

    State anticipates $15 billion emissions plan

    Meeting state climate targets will require spending $15 billion per year on emissions reductions and sequestration projects, according to a September presentation by the Maryland Department of Environment. The target is downscaled from worldwide estimates that climate mitigation will cost the equivalent of 3% of GDP…

  • Mini-Market Report: Owings Mills

    Mini-Market Report: Owings Mills

    Juggling high vacancy rates and pockets of growth Faced with soft demand and heightened expectations among office tenants, a challenged but solid retail sector, and clear enthusiasm for new, highly amenitized, mixed-use developments, Owings Mills is a sub-market rife with contrasts. Near the community’s center, three developments — Mill Station,…

  • Available sublease space in Baltimore area nearly doubles in four years

    Available sublease space in Baltimore area nearly doubles in four years

    Nearly 1.8 million square feet of office sublease space is currently available in the greater Baltimore metropolitan region, a figure that has nearly doubled since Q1 2020 when the amount stood at approximately 910,000 square feet. That’s according to data provided by MacKenzie Commercial Real Estate Services. Although the…

  • State presents narrow, speculative plan to achieve 2031 climate goals

    State presents narrow, speculative plan to achieve 2031 climate goals

    A proposed pathway to meeting Maryland’s greenhouse gas (GHG) reduction goals would require the state to quickly implement challenging and uncertain policies. The Maryland Department of Environment and the University of Maryland Center for Global Sustainability produced “Maryland’s Climate Pathway” to detail how to reduce state-wide GHG emissions 60% below…

  • Anne Arundel County Executive backs inclusionary housing bill

    Anne Arundel County Executive backs inclusionary housing bill

    Citing the need to increase the pipeline of affordable housing, Anne Arundel County Executive Steuart Pittman is making a strong, second-term push to pass inclusionary housing legislation. Council Bill 78-23 would require residential development and redevelopment projects that create 10 or more housing units, to enroll 10%…