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From unconventional billing systems to adaptive re-use projects to garages that look like vending machines, parking facilities are facing some intriguing, new prospects. Long before the pandemic hit, parking needs had been trending downwards as more Americans embraced live-work-play environments, ride-sharing services, transit-oriented developments and lifestyles that weren’t tethered to…

At the Port City Press Building in Pikesville, an adaptive re-use project by Garver Development Group transformed a 177,000-square-foot, 75-year-old printing plant into a modern facility supporting light industrial, warehouse and self-storage functions. A $3 million C-PACE loan underwrote the installation of energy-efficient systems and rooftop solar panels that generate…

“What new leasing trends are emerging as companies consider returning to the office?”   Joe Bradley Senior Vice President and Principal MacKenzie Commercial Real Estate Services “What started as a fad has gained relevance as many adopt a hybrid work model; however, we anticipate the use…

Widespread and growing adoption of sustainability goals by commercial real estate investors and tenants will require developers and owners to expand their adoption of green design, clean energy systems, building retrofits and information sharing technologies in the near future, according to a report by JLL. Photo courtesy of…

The sudden emptying of office buildings, shopping centers and restaurants prompted by COVID-19 was followed by a swift economic recovery. Nearly 20 months after the initial onslaught of COVID-19, the return to total normalcy in the real estate sector remains off in the distance. Employers and employees alike have learned…

The Maryland Climate Commission has approved a Building Energy Transition Plan to serve as the framework to reduce direct emissions from buildings in the state 95% by 2045. The core recommendations of the plan are: Adopt an all-electric building code by 2024 with a cost effectiveness test for…

The retail sector is facing another wave of changes, including shifting consumer patterns among Millennials and the emergence of the medtail submarket. Panelists participating in a recent webinar sponsored by Placer.ai debated the current and long-term prognosis of bricks and mortar retail. Given the pent-up demand exhibited by consumers nationally,…

When the effects of the pandemic forced nearly all employees to work remotely, there existed a perceived “even playing field” in terms of workers receiving an equal share of valued assignments, mentorship opportunities and promotions. But with many employees returning to the workplace on a near-regular basis, the ones still…

In an effort to disrupt the cycles of generational poverty, City of Refuge Baltimore, the Port Covington Development Team, Weller Development and PI.KL Architects have unveiled plans for a new, multi-purpose facility in Brooklyn. The project would transform a 30,000-square-foot light industrial building into a 60,000-square-foot City of Refuge Baltimore…

The seemingly insatiable demand for large-scale warehouse/industrial buildings has breathed life into another, typically overlooked asset class that is drawing the widespread attention of both end-users and investors alike. Industrial Outdoor Storage (IOS), also known as Outdoor Storage Land (OSL), has emerged as a significant complementary necessity among logistics companies…