News
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B-More Kitchen in the Govans neighborhood hosts the operations of about three dozen food companies. Bakers, product makers, a nonprofit and other tenants contain their costs by sharing commercial kitchen space. (Photo courtesy of B-More Kitchen) It is one of the biggest consumer trends of 2020. In the midst of…
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Cloud computing, online business spur new real estate deals
November 11, 2020Robust growth in the data center market has landed Corporate Office Properties Trust (COPT) in two new joint ventures, valued at $293 million in total, with Blackstone Real Estate. The ventures involve eight single-tenant, data center shell properties in Northern Virginia, totaling 1.3 million square feet. Blackstone has already acquired…
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Shifting values and needs are impacting the shape of office amenities
November 11, 2020Commercial office developers should evaluate their building amenity packages to address the shifting values, needs and usage of today’s modern office worker. Industry experts already suggest the desired amenities of tomorrow may focus on digital offerings and experiential environments. Those were some of the insights shared during a recent NAIOP…
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Climate Commission rejects fossil fuel ban in new construction
November 11, 2020The Maryland Commission on Climate Change has declined to endorse a fossil fuel ban in new commercial construction and, instead, is recommending a more deliberate approach to energy use and greenhouse gas emissions from buildings. A determined effort by environmental and climate nonprofits sought a ban on fossil fuels in…
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Immersion program introduces minority students to CRE careers
October 28, 2020The presenters’ visions for a new mixed-use development stretched beyond a blend of commercial, retail and residential properties. Delivered via Zoom, the project proposals included design elements focused on sustainability and wellness, a business development fund to help local entrepreneurs, tax credits for low-income housing and gorgeous patches of green…
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If you ask me…
October 28, 2020With colder weather looming, how can restaurants continue to adapt to attract consumers? Chung GobellDirector of Interior DesignHeath Design Group “Restaurants and bars will need to be more intently focused on customer service to survive the cold months ahead. Some ideas may be to create custom home delivery or express…
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MDE endorses net-zero carbon emissions by 2045
October 28, 2020The Maryland Department of Environment (MDE) has endorsed accelerating the state’s greenhouse gas (GHG) reduction targets. That accelerated schedule would require the state to achieve a 50% reduction in GHG emissions (compared to 2006) by 2030 and reach net-zero carbon emissions by 2045. Maryland’s climate law currently requires a 40% reduction…
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Experts predict recovery for urban commercial real estate markets
October 28, 2020Despite the widespread “flee for the suburbs” that has occurred primarily among the commercial office and residential real estate sectors during the pandemic, leaders representing several real estate organizations predict a rapid recovery for real estate situated in the downtown core. The group also presented their opinions about ecommerce, the…
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Maryland court considers whether taxes apply to goodwill
October 14, 2020The Maryland Court of Special Appeals heard oral arguments October 1, 2020 in the case of Shelter Senior Living IV LLC. v. Baltimore County, Md. The hearing was part of an appeal of rulings by the Maryland Tax Court and Circuit Court for Baltimore County that transfer and recordation tax…
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Continued job growth to fuel commercial office recovery
October 14, 2020The demand for commercial office space is expected to rise significantly higher over the next decade, with continued job growth fueling this trend starting in 2022. The country’s knowledge-based economy — consisting of attorneys, bankers, architects, consultants and others — will drive more employees into the workforce and, based on…