News
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2007 law ties Maryland to California’s phase-out of gas powered cars
September 28, 2022In 2007, the Maryland General Assembly passed a bill nicknamed California Cars, requiring that the state adopt California’s emissions standards for cars and light duty trucks. In August of this year, California announced its intention to set new car sales quotas for zero-emissions vehicles beginning in 2026…
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North I-83 real estate submarket performing exceptionally well
September 28, 2022Demand for retail, commercial office and warehouse/industrial asset classes in the greater Hunt Valley and north I-83 submarket continues to rise, according to speakers at a recent Commercial Real Estate Symposium, sponsored by the Hunt Valley Business Forum. Lizzy Sweeney, Senior Director at Cushman & Wakefield, said the Hunt Valley…
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CREDA Petitions Court to Review Prince George’s Zoning Ruling
August 31, 2022CREDA Maryland has asked the Maryland Court of Appeals to overturn a ruling that could invalidate conditional uses, special exceptions and other critical zoning tools in Prince George’s County. CREDA Maryland submitted an Amicus Curiae petition requesting that the court review a lower court ruling that threatens…
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One provision of Senate Bill 528 The Climate Solutions Now Act is a requirement that the Maryland Green Building Council examine and report by December 1st on means and methods to reduce the climate impacts of the concrete used in state projects. Greenhouse gas emissions from fuel…
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Speaker Series to Focus on Decarbonizing Buildings
August 31, 2022The Maryland Clean Energy Center will host a series of panel discussions beginning September 13th on decarbonizing buildings. The September 13th panel will focus on the integration of micro grids into the larger electric transmission infrastructure. Topics for other dates include strategies to decarbonize buildings, EV charging infrastructure planning, building-to-electric-grid…
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Consumer trends, improved services fuel car wash industry growth
August 31, 2022The evolution and future of the car wash industry may be best illustrated by the recently opened Flagship Carwash. Located in Loudoun County, Virginia, the 65,000-square-foot facility is billed as the largest indoor car wash in the United States. Features include side-by-side double wash tunnels, 22 free vacuum stations, 10…
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Upcoming movie theatre traffic expected to boost malls
August 31, 2022Shopping malls around the country continue to rebound from the pandemic-influenced decrease in consumer traffic and landlords remain optimistic about the balance of 2022, in part due to an expected increase in people going to movie theatres later this year. Although traffic remains down, overall retail sales are trending upwards…
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If You Ask Me… Perspectives from CREDA Members
August 3, 2022What is your real estate forecast for the balance of the year? Gail Chrzan Senior Vice President Blue & Obrecht Realty “Many negative domestic and worldwide situations are causing businesses to pause with their real estate decisions and, collectively, are contributing to a challenging commercial office…
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Local brokerage firms optimistic about remainder of 2022
August 3, 2022Despite economic headwinds created by record inflation, rising interest rates, lower consumer spending, slower job growth and growing discussions of a national recession, recently released Q2 market reports distributed by MacKenzie Commercial Real Estate Services and Lee & Associates | Maryland point to continued optimism in the Central Maryland commercial…
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If You Ask Me… Perspectives from CREDA Members
July 6, 2022With 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…