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The current economic environment represents a “generational opportunity to acquire commercial real estate assets.” That was a key message from Spencer Levy, CBRE’s Global Client Strategist and Senior Economic Advisor, at CREDA Maryland’s annual Capital Stack event. “Now is also the best time to develop new projects,” Levy said. “It…

CREDA and four other commercial and residential real estate trade associations are raising significant concerns with the proposed final report of Maryland’s Building Energy Transition Implementation Task Force. In a joint submission, the associations gave notice of their intent to vote against adopting the report and its…

The discernable dip in the volume of industrial leasing activity in the greater Baltimore Metropolitan Area this past year has not lessened optimism among owners and investors of this asset class. Leading reasons for the upbeat view include: the diminishing volume of new product under construction, the still low 7.4…

Photo courtesy of Froehling and Robertson Inc. The award-winning bathrooms may be claiming all the headlines. But hundreds of millions of dollars worth of developments at Baltimore Washington Thurgood Marshall International Airport are poised to boost the airport’s economic impact and potentially create…

Meeting state climate targets will require spending $15 billion per year on emissions reductions and sequestration projects, according to a September presentation by the Maryland Department of Environment. The target is downscaled from worldwide estimates that climate mitigation will cost the equivalent of 3% of GDP…

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…