News

Impact of looming economic downturn on commercial real estate sector debated Dark clouds are gathering on the horizon in the form of rising gas prices, continued supply-chain and logistics issues, construction material shortages, geopolitical forces and the continued hangover of the COVID-19 healthcare crisis, prompting speculation of a looming recession.

In the midst of the pandemic and the ensuing turmoil in the retail sector, leasing agents for Northwood Commons were busy. The former Northwood Plaza had been struggling for decades and periodic talks about redevelopment plans never gained traction. Then MCB Real Estate crafted a plan to overhaul the property…

Despite all the debates and concerns over government mandates to lower greenhouse gas emissions and implement all-electric building codes, major commercial real estate companies are moving forward with bold decarbonization goals. Jones Lang LaSalle, Duke Realty, CBRE and Prologis have pledged to achieve carbon neutrality across their entire portfolios by…

Public-private partnerships are delivering ambitious projects in Maryland, including the new city hall and civic plaza in College Park. Photo Courtesy of Design Collective. It took $51 million, years of discussions and an unconventional plan, but the grand opening of the new College Park City…

With the renovation of the 60-year-old Royal Farms Arena now underway, what is your fondest memory of a concert or sporting event which you’ve attended, including its days as the Baltimore Civic Center? Once the project is complete, what artist would you be interested in seeing there?   Kate Nolan…

From pandemic phases and hybrid work models to rising inflation and the return of tourists, the retail sector is still grappling with a lot of changes. The streets of major urban areas are starting to experience a heavier volume of office workers and tourists, a trend that is vital to…

Port Covington has entered “leasing mode,” according to Maryanne Gilmartin, Founder and CEO of MAG Partners. Gilmartin described the status and potential of the mega project at last month’s NAIOP Maryland Summer in the City networking event, held at 2455 Banner Street in Port Covington. The New York-based company, together…

The Maryland Department of Commerce has published regulations to implement House Bill 1210 of 2021, a central piece of the General Assembly’s diversity and inclusion legislative agenda. The bill established a broad reporting requirement about the makeup of corporate boards and business activities that support “underrepresented communities.” This requirement…

The Montgomery County Council is considering legislation that would require the county to adopt all-electric building standards for most new construction and major renovations by January 2024. The bill is jointly sponsored by County Executive Marc Elrich and Hans Riemer, Chair of the council’s Planning, Housing and…

Flagged as a “landmark in the history of work,” adoption of the hybrid work model appears set to drive widespread and lasting changes in the need for workspace, while also presenting employers with new opportunities and challenges. That’s according to JLL’s “Workforce Preferences Barometer” report, released…