News
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Industry Roundtable: The Mentor-Mentee Experience
September 18, 2024The value of a mentor-mentee relationship cannot be overstated. The connection should always be viewed as a two-way street and it’s critical to understand the boundaries and ground rules of any affiliation. That is the takeaway from a recent discussion with Eric Balderson, Assistant Vice President, First…
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Out of Office: Market reset creates deep challenges, select opportunities
September 18, 2024Amid a tough office market, CRE professionals are finding some opportunities. Demand remains strong for small offices with big amenities, such as Redwood Exchange. Photo courtesy of Byrnes and Associates. A quick scan of headlines presents a bleak outlook. Lenders and owners have initiated distress sales or auctions…
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Electric rates spike in latest capacity auction
August 21, 2024Electricity customers in the Mid-Atlantic and Midwest will pay $14.7 billion for electricity capacity in 2025 and 2026 combined, up from $2.2 billion last year. The change reflects the increasing impact of utility and climate policies on electricity pricing. The prices were set at a capacity auction…
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Strong demand for industrial space, investor interest in the asset class, high interest rates and economic uncertainties have left industrial owners and investors grappling with a shifting set of opportunities and challenges. Among investors, “there is huge appetite for industrial. It is still a stable asset class.
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Opening eyes and dotting I’s during summer internships
August 21, 2024Abigail Foster, Ema Gomez and Jake Tompkins recently completed vastly different summer internship experiences with separate companies involved in the commercial real estate industry, but they agree on one thing. Their preconceived notions of job responsibilities and work environment were far different from what they ultimately experienced – in a…
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Industrial market contends with complex conditions
July 17, 2024Ranked as the highest performing asset class in commercial real estate for years, today’s industrial market in Maryland is anything but a simple path to robust profits, rapid deals or shovel-ready development opportunities. The state’s industrial sector is experiencing high occupancy levels, healthy rent increases, space requirements from a diverse…
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The debate over decarbonizing Maryland buildings is about to enter a new round and that could present opportunities to commercial real estate owners. Shortly before the 2024 General Assembly session ended, legislators amended the state budget to prevent the Department of the Environment (MDE) from spending any funds on “adopting,…
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Design principles show how to build safer CRE
July 17, 2024From secure building entrances and radio frequency blocking devices to elaborate lighting, colorful walkways and high-quality pedestrian environments, CRE professionals are employing a variety of discreet techniques to make properties safer and more secure. Many office properties have long employed core design principles to heighten the safety of workers and…
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Industry Roundtable: The Future Workforce
July 17, 2024(Left to right) Marty Copsey, President and COO, MacKenzie Contracting Company; Holly Haseltine, Manager, Lease Administration, MCB Real Estate; Johnny Black, Managing Partner, Chesapeake Search Partners. Companies invest considerable resources to recruit and train all sections of their workforce, so it is imperative to maintain challenging, comfortable, and…
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Community solar creates new CRE opportunity
June 13, 2024The 55 community solar installations planned for Public Storage facilities in Maryland will create 27.9 megawatts of solar capacity – enough to power nearly 2,600 homes. Photo courtesy of Solar Landscape. A Maryland law that permits unlimited community solar installations is presenting a new business…