News
-
An unexpected call from Ed St. John saddled Tom Pilon with a talent-development challenge. It was a Thursday afternoon in spring 2020. St. John announced that he had hired an intern for Pilon and the young man would be starting work come Monday morning. Katrina Trintis, a St.
-
In the span of just four months, representatives of MCB Real Estate marked milestones in two, dramatically different residential developments. On a former brownfield site in Greektown, MCB held a ribbon cutting ceremony in October for The Lofts at Yard 56 — 227 luxury apartments in a building with…
-
Industry Roundtable: Office Space Demand Forecast for 2024
January 23, 2024(Left) Rob Bavar, President, Bavar Properties; Abby Glassberg, Principal, KLNB and Liz Allison, Leasing, Merritt Properties. NAIOP Research Foundation’s Q4 Office Demand Forecast highlighted the numerous challenges facing developers, landlords and brokerage professionals in the coming year. The continued reluctance among employees to…
-
Funding shortfall threatens transportation and economy
January 23, 2024Looming cuts to state transportation spending and a systemic funding shortfall are stoking concerns that central Maryland could face a deterioration in infrastructure, services and its economy. In December, Maryland’s Department of Transportation (MDOT) released a proposed, six-year spending plan designed to…
-
CRE tackles the big demand and cost of EV charging
January 23, 2024St. John Properties is adding charging infrastructure to office and flex properties. Photo courtesy of St. John Properties. In 2023, Maryland ranked among the top 10 states for electric vehicle (EV) adoption in the country and that is presenting commercial real estate owners…
-
Changing tracks: Could a new approach to TODs succeed?
January 23, 2024Described as a major infill project, the Penn Station TOD will refurbish the historic train station and produce 1.6 million square feet of new commercial, retail and residential space on a 40-acre site. Image courtesy of Beatty Development. Beyond the scaffolding encasing Penn Station, crews…
-
Industry Roundtable: Reimagining the Camden Yards stadium district
November 15, 2023(Left) Matt Renauld, Principal/Design Director, Mahan Rykiel Associates, Inc. and Robert Northfield, Principal, BCT Design Group. When Oriole Park at Camden Yards opened in 1992, the stadium complex was universally acclaimed for its innovative design that spawned “The Camden Effect.” Inspired by Camden Yards, the…
-
Parole master plan allows taller, denser development
November 15, 2023The new master plan for Parole Town Center appears to open up opportunities to build taller, denser mixed-use developments and provide developers with greater flexibility to tailor their plans to meet market trends. “The master plan appears to be following through on the stated intent for Parole…
-
The New Economics of Green: Technology, incentives, market demand boost sustainable projects
November 15, 2023In downtown Silver Spring, crews are preparing to break ground in December on an uncommonly sustainable building. The nine-story, 82,000-square-foot headquarters of the Housing Opportunities Commission of Montgomery County will be all-electric and net-zero-ready. The new Housing Opportunities Commission building will be all-electric and net-zero-ready.
-
Consortium pursues vision of $4.2 billion tech hub
November 15, 2023On the heels of greater Baltimore being designated a federal Tech Hub for artificial intelligence and biotechnology, a regional consortium is pursuing $40 million to $70 million in federal funding to build out tech innovation centers, laboratories, biomanufacturing facilities and workforce development programs. “This is truly a once-in-a-generation, historic program,”…