News

The former Radisson Hotel and Holiday Inn in Baltimore is being transformed into a two-tower, 708-unit multifamily complex with 30,000 square feet of retail. Image courtesy of MacKenzie Commercial Real Estate Services. Rattling off the retail and residential strengths of the Vivo Living development in the Inner…

Gaining entry into, navigating and achieving sustainable success in the commercial real estate industry can be a complicated and intimidating process for young professionals, a situation that became increasingly complex with challenges presented by the pandemic. Alex Mawry, Development/Construction Project Manager for Merritt Properties; Michael Tait,…

In one of the most consequential bills of the 2023 session, the General Assembly approved the first major changes to the Forest Conservation Act since it was enacted in 1991. The 2023 Forest Preservation and Retention Act (SB 526/HB 723) will require developers and local…

From vibrant abstracts and minimalist landscapes to custom-made sculptures, digital displays, graffiti walls, motivational phrases and manipulated drone imagery, art is becoming a more prominent part of the workplace. In an era when employers are struggling to entice workers back to offices and building owners are searching for…

Stakeholders representing the local commercial real estate development, brokerage, medical, and economic development sectors presented their opinion on deliverables needed to maintain the renaissance underway in Baltimore City at a recent seminar sponsored by the Baltimore Business Journal.   Shelonda Stokes President, Downtown Partnership of Baltimore “More than…

Montgomery County Executive Mark Elrich has proposed a 10-cent property tax increase that would raise an additional $220 million to fund education. The increase is included in Elrich’s $6.8 billion spending plan for fiscal year 2024. The County Executive says the increase is needed to finance the Montgomery County Public…

Once upon a time, gas stations only sold gas. But, beginning in the 1950s, with Americans clocking in longer hours at work, the convenience store (C-store) model was conceived as a way to provide time-depraved consumers with new options to pick up a gallon of milk or…

On April 21, 2023, more than 130 volunteers met at the 211 acres of Irvine Nature Center in Owings Mills to participate in the 2023 CREDA Community Service Project. The enthusiastic group was divided into four teams — pergola build, invasive species removal, meadow reseeding and trail mulching…

Commercial real estate professionals are still sorting out the long-term impact of the quick-hitting banking crisis, with fears ranging from tighter borrowing guidelines causing construction slowdowns to liquidity issues to lower property valuations which will negatively impact municipality revenues. According to Bill Libercci, NorthMarq Capital’s Senior Vice President, fast-rising interest…

The 2023 Maryland General Assembly Session is in the books. The CREDA State Legislative Committee, under the leadership of Tom Pilon of St. John Properties, continued to serve as the leading advocate for commercial real estate in Annapolis.  During the 90-day session, the CREDA Legislative Committee: Reviewed more than 2,200…