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Juggling high vacancy rates and pockets of growth Faced with soft demand and heightened expectations among office tenants, a challenged but solid retail sector, and clear enthusiasm for new, highly amenitized, mixed-use developments, Owings Mills is a sub-market rife with contrasts. Near the community’s center, three developments — Mill Station,…

Nearly 1.8 million square feet of office sublease space is currently available in the greater Baltimore metropolitan region, a figure that has nearly doubled since Q1 2020 when the amount stood at approximately 910,000 square feet. That’s according to data provided by MacKenzie Commercial Real Estate Services. Although the…

A proposed pathway to meeting Maryland’s greenhouse gas (GHG) reduction goals would require the state to quickly implement challenging and uncertain policies. The Maryland Department of Environment and the University of Maryland Center for Global Sustainability produced “Maryland’s Climate Pathway” to detail how to reduce state-wide GHG emissions 60% below…

Citing the need to increase the pipeline of affordable housing, Anne Arundel County Executive Steuart Pittman is making a strong, second-term push to pass inclusionary housing legislation. Council Bill 78-23 would require residential development and redevelopment projects that create 10 or more housing units, to enroll 10%…

With a combined 140 years of experience acquiring, developing, financing and leasing various commercial real estate asset classes, Scott Dorsey, Chairman and CEO, Merritt Properties; Nancy Ferrell, Executive Vice President, Northmarq; and Gary Gill, Chairman & CEO, MacKenzie Ventures have lived through both good and not-so-good periods of the local…

In an increasingly diverse country, the commercial real estate industry faces a clear challenge. “The commercial real estate (CRE) industry has historically seen below-average levels of gender and racial diversity, and it now faces a looming talent shortage as baby boomers age out of the workforce. In this context, diversifying…

The announcement of a memorandum of understanding between the Baltimore Orioles’ and the Maryland Stadium Authority ensures the presence of the storied baseball franchise in Baltimore City will span a century.  Since the Orioles’ arrival in 1954 – through World Series celebrations, downtown parades, celebrations of individual streaks, and, most…

All asset classes outperforming the competition The flight to quality office space, strong retail sector, tight industrial market and new multifamily developments are creating positive momentum for all asset classes in the greater Hunt Valley and north I-83 submarket. Office tenants seek amenity-rich buildings…

At the UN Climate Summit in New York City, Maryland Governor Wes Moore signed onto a joint commitment from a coalition of 25 states, known as the U.S. Climate Alliance, to collectively deploy 20 million new heat pumps by 2030. The goal is expected to quadruple the number of residential…

Photos courtesy of Tradepoint Atlantic. What started out last spring as a “back of the napkin idea” has catapulted a dozen construction companies into an intensive program designed to equip leaders of historically disadvantaged businesses with deeper knowledge, potent contacts and opportunities to…