News

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…

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…

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…

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…

Bill Holzman (left), Vice President, Retail Leasing, St. John Properties; Kate Jordan (middle), Principal, Lee & Associates | Chesapeake Region; and Michael Tait (right), Leasing Manager, The Howard Hughes Corporation, gathered in Downtown Columbia to discuss leasing pace in the Baltimore-Washington, D.C. marketplace, drivers expected to impact absorption in 2020…

On the rooftops of three St. John Properties’ buildings, a sustainability initiative has been playing out for a decade. While investigating what sustainability practices made sense for its properties, St. John installed a 125-kilowatt solar array atop three, full-service, Class A office buildings in 2010. The systems which consist of…

Before the end of 2020, parts of Baltimore’s waterfront could set a record by experiencing “sunny day flooding” at least 30 times within a year, scientists at the National Oceanic and Atmospheric Administration predict. In Annapolis, City Dock has already exceeded that frequency of sunny day floods. Consequently, the city…

Spencer Levy, Chairman of Americas Research for CBRE, says “it is always darkest before the dawn” and explains that the recent market deterioration as a result from COVID-19 has caused an “unprecedented and unified global response from the United States Government and the governments of foreign countries to provide a…

March 19, 2020 – Secretaries Kelly Schulz (Commerce) and Tiffany Robinson (Labor) hosted a March 16, 2020 conference call to brief business leaders on state actions relating to COVID-19 and how businesses can cope with the outbreak and the state of emergency.  The two agencies are posting on-going updates…

March 5, 2020 — A bill before Maryland’s General Assembly which would have expanded state sales tax to cover services, was unanimously rejected by a House subcommittee late Wednesday night. Earlier in the week, NAIOP Maryland testified to the House Ways and Means Committee that House Bill 1628  could…