News

  • Downtown office space glut translates to rise in multifamily conversions

    Downtown office space glut translates to rise in multifamily conversions

    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…

  • “How I… got the ball rolling for a new workforce housing development.”

    “How I… got the ball rolling for a new workforce housing development.”

    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…

  • Consumers’ physiological need to visit stores helps buoy retail leasing

    Consumers’ physiological need to visit stores helps buoy retail leasing

    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…

  • Building decarbonization debate raises big questions about the electric grid

    Building decarbonization debate raises big questions about the electric grid

    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?…

  • No place like home

    No place like home

    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…

  • Maryland companies seek out opportunities in other states

    Maryland companies seek out opportunities in other states

    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…

  • Industry Roundtable: The Workplace

    Industry Roundtable: The Workplace

    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…

  • Legal ramifications drive return-to-work decisions

    Legal ramifications drive return-to-work decisions

    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,…

  • COPT employs high-flying plan to complete renovation

    COPT employs high-flying plan to complete renovation

    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…

  • Senate committee extends timeline for building decarbonization, orders studies of barriers and rate impacts

    Senate committee extends timeline for building decarbonization, orders studies of barriers and rate impacts

    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…