News

  • Navigating the COVID-19 Exec Orders and Guidance

    Navigating the COVID-19 Exec Orders and Guidance

    Governor Hogan Delivers a COVID-19 Press Conference on March 30. Photo: Office of the Maryland Governor The Governor’s evolving Executive Orders and guidance regarding essential business functions are meant to be read together so following the changes can be a challenge. Construction and supporting professional services remain essential business functions…

  • Datastory offers free COVID-19 tracking app

    Datastory offers free COVID-19 tracking app

    Developed and launched less than one week ago, local company Datastory is offering free usage of its proprietary MapDash for COVID-19 app, enabling companies to see key resources in the context of real-time information related to the coronavirus pandemic across the country. As it relates to the commercial real…

  • If you ask me…

    If you ask me…

    What is your company’s telework experience? Vince BagliMerritt Properties    “Our company takes a great deal of pride in having regular face-to-face interaction with customers and each other, because we value personal contact and believe it is the key to getting things accomplished. But, like every other business…

  • CBRE’s Spencer Levy provides realistic, but optimistic outlook for CRE

    CBRE’s Spencer Levy provides realistic, but optimistic outlook for CRE

    March 27, 2020 – “Our analysis of data from the worldwide and local real estate markets demonstrates  that the debt and structured finance market likely bottomed out last week and we are now experiencing an upswing,” explained Spencer Levy, CBRE Chairman of Americas Research and Senior Economic Advisor…

  • Construction and related services deemed “Essential Businesses” in latest executive order

    Construction and related services deemed “Essential Businesses” in latest executive order

    On Monday, March 23, Governor Larry Hogan ordered all “non-essential” businesses closed until further notice.  According to the guidance accompanying the order, commercial and residential construction companies and material suppliers may remain open.  Supplemental guidance makes clear that supporting professional services such as architecture, engineering and title companies…

  • Builders “blown away” by efforts of local inspectors; state suspends new elevator commissioning

    Builders “blown away” by efforts of local inspectors; state suspends new elevator commissioning

    Construction managers in the Baltimore and DC markets are praising building officials and inspectors for maintaining plan reviews and inspections under tough conditions.  Most departments are working remotely and doing plan reviews with smaller teams but are continuing to issue permits and grant inspections that are imperative to meeting…

  • Economists forecast deep GDP drop in Q2, followed by recovery

    Forecasts from big bank economists and commercial real estate companies are using descriptors such as “market destruction” and “massive contraction” to describe second-quarter (Q2) economic conditions.  Between Wednesday and Friday of last week, analysts revised assumptions downward but also predicted a rebound in Q3 and Q4 of 2020. A…

  • Reimaging Baltimore

    Reimaging Baltimore

    Adaptive reuse brings new vision, new life to struggling areas For one happy, furry, carb-filled day last August, the building that has driven and symbolized the economy of Canton for more than a century went to the dogs. An industrial engine for nearly a century, the adapted, mixed-use Can…

  • CRE Concepts: Mini-warehouses show big potential

    CRE Concepts: Mini-warehouses show big potential

    The tall, white interior walls are interrupted by splashes of colorful, graffiti-inspired painting. There are offices, a conference room, loading docks, industrial storage, workspaces with skylights, coffee service in the kitchen and a cluster of entrepreneurs hustling to grow their small businesses. This is not your typical warehouse. In the…

  • State Circle: Opportunity zones spurring investor interest in Baltimore projects

    State Circle: Opportunity zones spurring investor interest in Baltimore projects

    This article appeared in the March/April 2020 issue of NAIOP-MD InSites Newsletter Buoyed by new clarity around federal tax laws and a stream of calls from investment funds, economic development professionals are anticipating new infusions of capital into real estate projects around Greater Baltimore. Federal officials finally approved regulations for…