News

On an 80-acre site in Cecil County, the first cars in a planned delivery of 10,000 vehicles have started arriving at a newly created industrial outdoor storage (IOS) facility. Developed by Greenspring Realty Partners, the Insurance Auto Auctions facility demonstrates both the continued high demand for IOS space in Maryland…

Developers, building owners and brokers alike have been nervously awaiting the potential fallout and impact on future leasing activities as employees finally return to traditional and more normalized workplaces in a post-pandemic world, and companies reassess their future space needs. Early reports have been promising as remote-only and hybrid work…

Faced with an ambitious new schedule for reducing Maryland’s greenhouse gas (GHG) emissions, leaders across multiple industries are warning that even aggressive implementation plans – which would dramatically decarbonize transportation, buildings and the electric grid – will fail to meet the state’s 2031 GHG goal. Previously, Maryland was working towards…

Across from a retail center in Columbia, Goodier Properties has found a vibrant new role for a cluster of suburban office buildings. This summer, Goodier purchased a six-building, 250,000-square-foot property with a 35 percent vacancy rate on Old Dobbin Lane and embarked on a plan to transform it into a…

Code officials, design experts, developers and activists are grappling with a new challenge in the effort to decarbonize buildings: how to address embodied carbon in building and energy codes. In a paper released earlier this year, ASHRAE announced its position that the global built environment must halve its 2015 greenhouse…

After two tumultuous years and an especially challenging period this spring, the construction supply chain appears — finally — to be settling into some more regular routines. For developers and builders, that shift is providing a little more stability but very little relief. The good news from the supply chain…

The combination of a steadily rising interest rate environment, escalating asset pricing, typical summer doldrums and renewed investor caution has pumped the brakes on the volume of investment sales transacted in recent months across all asset classes. However, experts participating in a recent roundtable discussion believe this situation will be…

In Frederick, Trammel Crow is developing Jefferson Tech Park to serve the biosciences industry. Photo courtesy of Trammel Crow. The development proposal was equally exciting and daunting. Kite Pharma, a subsidiary of Gilead Sciences and operator of the largest in-house, cell therapy manufacturing network in…

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

Impact of looming economic downturn on commercial real estate sector debated Dark clouds are gathering on the horizon in the form of rising gas prices, continued supply-chain and logistics issues, construction material shortages, geopolitical forces and the continued hangover of the COVID-19 healthcare crisis, prompting speculation of a looming recession.