News

The continued softness of the downtown commercial office market, aging office stock, success of the hybrid and work-from-home models, and the critical need for additional multifamily housing are collectively driving the sustained conversion of office buildings into apartment communities. A high-profile example of this trend in Downtown Baltimore is the…

By David McClatchy, MacKenzie Commercial Real Estate Services I have found that, in some cases, things are not always what they seem to be on the surface which, in the world of commercial real estate, often translates to an amazing opportunity. That situation perfectly describes a five-acre tract…

After two years of shopping largely online, consumers’ renewed desire to visit brick and mortar stores, touch and feel products, and obtain immediate gratification has increased optimism among retail landlords, according to experts participating in a recent webinar sponsored by Placer.ai. To leverage this phenomenon, however, retailers will need to…

The debate over proposals to transition Maryland buildings to electric heat and hot water systems has saddled state legislators and industry leaders with a daunting question: How do you build an electric grid capable of delivering much more power while also converting to renewable sources of electricity?…

Multifamily market attracts robust investment Strong investor interest and consumer demand is producing a rich variety of multifamily spaces in Maryland, from the Marlow in Columbia to a rooftop terrace at 1111 Light Street, a pool at Padonia Village and a pool room at the…

With demand for light industrial and distribution space continuing to experience strong growth, some Maryland CRE companies are expanding to other states to serve client needs and seize market opportunities. Even in a good economy, however, expanding into a new market is a major and potentially risky business operation. How…

Employees continue to slowly migrate back into traditional workplace settings, but the process has been slow and tedious for companies to effectively communicate, if not demonstrate, why the workplace provides an environment for heightened productivity, career advancement and acceptable safety. During his State of the Union address, President Biden declared…

President Joe Biden recently implored all Americans to “get back to work,” but many companies are still treading lightly and moving at a cautious pace due to possible liability issues with tenants and employees. The challenges being faced, together with the strategies being used to navigate this rapidly changing situation,…

It was a 30-minute construction operation that took an entire year to plan. Corporate Office Properties Trust (COPT) had embarked on a routine mechanical upgrade — replacing an office building chiller plant that was nearing the end of its lifecycle. The hitch was the office building was 100 Light Street…

A Maryland Senate committee has approved a scaled-back version of Senate Bill 528 that extends the first deadline in the timeline for decarbonization of existing buildings to 2035 and removes the requirement for all-electric new construction beginning in 2024. The Senate bill also requires three studies to advise the…