News

The 2021 Maryland General Assembly session will be remembered, in part, for the extraordinary steps taken to legislate landlord tenant issues in the wake of the unprecedented interventions taken through executive order at the height of the COVID-19 emergency. Although the Assembly focused most of its legislative effort on residential leases, during the closing days of the session the Maryland House and Senate will decide the enforceability of personal liability clauses related to commercial leases.   House Bill…

From left to right: Scooter Monroe; Jason Schwartzberg; Owen Rouse Support for high-tech workers, urgent action by political leaders, better branding, equitable transportation and more assistance to local businesses: Those were some of the initiatives proposed during a NAIOP-MD roundtable discussion about “Building a Better Baltimore.”  The March-April issue of …

Bolder thinking about development and more rigorous analyses of regulations will be needed to help the Anne Arundel County Council achieve its Plan2040 vision of creating healthy, thriving communities. That’s the argument currently being advanced by NAIOP Maryland and others.  Plan2040, the county’s proposed General Development Plan, sets out a policy framework…

On a high-visibility site two miles from Anne Arundel Medical Center, St. John Properties’ decision to build a 100,000-square-foot, LEED Gold, state-of-the-art, medical office building on spec is paying off. In quick succession, St. John announced leases with Maryland Oncology Hematology, Chesapeake Medical Imaging, Chesapeake Urology, Kure Smart Pain Management,…

Although commercial real estate, like nearly every sector, experienced economic setbacks in 2020, it remained a large and core driver of the U.S. economy. In 2020, new and existing CRE buildings combined contributed $1.01 trillion to the U.S. GDP, generated $338.1 billion in personal earnings and supported 8 million jobs.  Source:…

In Canton, 28 Walker Development is preparing to construct Baltimore’s first mass timber office building. Image courtesy of 28 Walker Development Asked how he feels about leading the first mass timber construction projects in Baltimore City, Chesapeake Contracting Group Vice President Dan Hannon replies, “Excited, beyond your wildest imagination.”  Well…

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…