News

They have been described as urgent acts of adaptive re-use. Around the country, property owners, architects, engineers, builders and emergency response professionals have been working to convert convention centers, hotels, dormitories, parking garages, office buildings, empty retail space  and open air sites into field hospitals, testing sites, quarantine centers and…

Sometime next week, Governor Larry Hogan expects to unveil a roadmap for restarting Maryland’s economy. But during a press conference Wednesday afternoon, Hogan stressed that the decision to reopen the economy will be more difficult than last month’s decision to close it down. Maryland officials are seeing “hopeful signs” that…

Apartment complex owners in Howard County will have to give county agencies and tenant associations the first right of refusal before selling their properties if a bill currently before the Howard County Council is passed. Council Bill 13-20 introduced by Councilwoman Christiana Rigby echoes legislation passed in Montgomery County…

The widespread shutdown of operations within commercial properties and the looming problems with collecting rent from idled tenants has left some CRE companies wondering if they might get some financial relief through the business interruption provision of their insurance policies. During a NAIOP webinar this week, George Pincus – Shareholder…

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…

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…

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…

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…

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…

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…