News

From left to right: Scooter Monroe; Jason Schwartzberg; Owen Rouse What measures can be taken for Baltimore City to emerge from the pandemic stronger than before?   Scooter Monroe, Vice President, Head of Office Leasing, Weller Development Company; Owen Rouse, Vice President of Investment Sales, MacKenzie Commercial Real Estate Services and Jason Schwartzberg,…

Do you expect two-story warehouse/industrial buildings in the Central Maryland region?  Jannine B. HayesCommercial Leasing RepresentativeKnott Realty Group “Not in the immediate future. To make a two-story warehouse worth any developer’s time in Maryland would require (1) land, which we are very short on, (2) rental rates well above average if…

As landlords begin to retrofit HVAC systems, implement cleaning protocols and enact other tenant wellness and safety measures to encourage a return to the office, it is important to focus intently on the specific needs and concerns of tenants. This has led to the rise of virtual amenities, flexible work options, increased food…

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…