News

Impending recession expected to be grinding, enduring and especially difficult for Class B and C office space. With all signs pointing to an economic recession — presumably arriving mid-year or Q3 — how can the commercial real estate community best plan for this event? Recessions cause hardships, but there may…

First, WeWork popularized and successfully scaled the coworking concept for office space. Now, this trend is gaining support in the warehouse/industrial sector. Although no locations have yet opened in central Maryland, that could soon be changing as owners/investors look to take advantage of expected demand. The typical co-warehousing building consists…

New construction projects in Maryland will have to meet new requirements for stormwater discharges beginning April 1. The Maryland Department of Environment has reissued the Maryland National Pollution Discharge Elimination System (NPDES) General Permit for Stormwater Discharges Associated with Construction Activity. The new permit applies to stormwater discharges from construction…

NAIOP Maryland elected its 2023 slate of officers and board members at the recent holiday luncheon, including welcoming two new professionals to the board of directors – Kate Nolan Bryden, Senior Vice President, MRP Industrial and Michael Tait, Leasing Representative for St. John Properties, Inc. and bringing back Paul Giulio,…

Although all eyes are on the daily headlines detailing unsettling news about rising interest rates, a volatile stock market, inflation, the Ukraine-Russia conflict and the expected recession, a different economic challenge is emerging that requires more immediate attention – a looming labor shortage. That was a key message from Spencer…

Baltimore was extremely well-represented at last week’s Innovating Commerce Service Communities (ICSC) dealmaking session, which returned to the Jacob K. Javits Convention Center in New York City following a pandemic-induced 36-month break. Ashkenazy Acquisition, KLNB Retail, Lee & Associates, MCB Real Estate and mfi Realty were…

In its first voting session, the newly elected Prince George’s County Council introduced measures to repeal five zoning decisions critical to major development projects that had been enacted by the previous council. As reported by Maryland Matters: The actions, which critics said bypassed traditional procedures, occurred during a…

With the legalization of recreational marijuana set to become law next July, could the Maryland warehouse/industrial asset class soon have another high-demand use in its future? The answer could be “yes,” based on the history of leasing activity in nearly 20 other states where cannabis is legal, the industry’s success…

The Montgomery County Council unanimously passed legislation requiring the county executive to issue all-electric building standards for new construction by December 31, 2026. The council’s Planning, Housing and Economic Development Committee recommended approval with amendments directed at several points important to NAIOP members. The amended version of the bill includes…

On an 80-acre site in Cecil County, the first cars in a planned delivery of 10,000 vehicles have started arriving at a newly created industrial outdoor storage (IOS) facility. Developed by Greenspring Realty Partners, the Insurance Auto Auctions facility demonstrates both the continued high demand for IOS space in Maryland…