News

  • Combining Forces: Public-private partnerships deliver uncommon impact

    Combining Forces: Public-private partnerships deliver uncommon impact

    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…

  • If You Ask Me… Perspectives from CREDA Members

    If You Ask Me… Perspectives from CREDA Members

    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…

  • Urban retail recovery remains a work in progress

    Urban retail recovery remains a work in progress

    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…

  • Gilmartin heralds new phase and broad potential of Port Covington

    Gilmartin heralds new phase and broad potential of Port Covington

    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 CREDA Maryland Summer in the City networking event, held at 2455 Banner Street in Port Covington. The New York-based company, together…

  • Maryland Publishes Regulations on Reporting Corporate Board Diversity

    Maryland Publishes Regulations on Reporting Corporate Board Diversity

    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…

  • Montgomery County Council considers all-electric building code

    Montgomery County Council considers all-electric building code

    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…

  • Study shows strong desire for hybrid work and satellite offices

    Study shows strong desire for hybrid work and satellite offices

    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…

  • Strong performance of grocery stores continues post-pandemic

    Strong performance of grocery stores continues post-pandemic

    Fueled by the consumer trend to cook and eat meals at home rather than visit restaurants during the healthcare crisis, the strong performance of the grocery category continues post-pandemic. However, experts participating in a recent Placer.ai-sponsored webinar warned that small cracks may be starting to appear in the category’s foundation.

  • CREDA Maryland Developers Council hosts Maryland gubernatorial candidates

    CREDA Maryland Developers Council hosts Maryland gubernatorial candidates

    The CREDA Maryland Developers Council recently hosted three Maryland gubernatorial candidates, for separate meet-and-greet sessions with top executives of the commercial real estate association. The Council, which is comprised of senior-level management executives of CREDA Maryland member companies, gathers periodically throughout the year to discuss timely issues impacting the regional…

  • Measuring buildings’ GHG emissions presents challenges and opportunities

    Measuring buildings’ GHG emissions presents challenges and opportunities

    Maryland’s Climate Solutions Now Act (SB 528) is described as the most rigorous state legislation addressing climate change in the country, and it is poised to have deep and wide-ranging impacts on the commercial real estate industry. In the first installment of CREDA Maryland’s Climate Change and Solutions webinar series,…