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Author Archives: Adam Bednar

Adam Bednar covers real estate and development for The Daily Record.

Baltimore affordable housing funding law requires fix

Father Ty Hullinger prays in front of City Hall in September with supporters of the "Fund the Trust Act."  (Adam Bednar)

An error in the so-called “Fund the Trust Act” raising Baltimore taxes to subsidize its Affordable Housing Trust Fund causes the law to only collect a fraction of the expected revenue. Mayor Catherine Pugh, City Council President Bernard C. “Jack” ...

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Baltimore metro office market slow and steady in 2018

McCormick & Co. touted its new global headquarters at 24 Schilling Road in Hunt Valley as fostering a high-tech collaborative environment. Previously the firms employees were scattered in four buildings in the area.  (The Daily Record/Adam Bednar)

The Baltimore metro area’s office market remained steady, if a bit sluggish, through 2018, according to reports by various commercial real estate firms. Generally, office vacancies were up with modest rent improvements in the fourth quarter of 2018, according to ...

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Report: Baltimore metro industrial leasing tops 5M SF in 2018

Best Buy has agreed to lease 500,400 square feet of warehouse distribution space at Brandon Woods III in Anne Arundel County.  (Rendering Courtesy Chesapeake Real Estate Group)

More than 5 million square feet of industrial property was leased in the Baltimore metro last year, according to Lee & Associates | Maryland. Baltimore County led all jurisdictions with 60 percent of the region’s industrial leasing activity, the commercial ...

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Ground Up Podcast: MacKenzie’s Terri Harrington talks Baltimore office market

Adam Bednar. (The Daily Record / Jason Whong)

Terri Harrington, senior vice president at MacKenzie Commercial Real Estate, discusses how Baltimore’s office market performed in 2018, and what she expects in 2019. We also dig into a few recent updates on previous episodes on Main Street in Ellicott ...

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MacKenzie’s Terri Harrington talks Baltimore office market

Adam Bednar. (The Daily Record / Jason Whong)

Terri Harrington, senior vice president at MacKenzie Commercial Real Estate, discusses how Baltimore’s office market performed in 2018, and what she expects in 2019. We also dig into a few recent updates on previous episodes on Main Street in Ellicott ...

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Opportunity Zones’ pros and cons analyzed by panel of experts

From left, Margaret Anadu, of Goldman Sachs Urban Investment Group; Marc Weller, of Weller Development Co.; and Maryland Department of Housing and Community Development Secretary Ken Holt listen to Ben Seigel, Baltimore's Opportunity Zone coordinator, speak during a panel discussion on Monday at City Garage.  (Photo  by Adam Bednar/The Daily Record)

Opportunity Zones in Baltimore are generating plenty of interest, according to the initiative’s boosters, but there’s still work to be done ensuring projects in all the city’s zones receive funding. A group of investors, developers and public officials touted the ...

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Yard 56 lands Prudential Financial’s first Opportunity Zone investment

This rendering shows part of the retail complex planned for Yard 56 in Baltimore. (MCB Real Estate)

Baltimore’s Yard 56 project will receive the Prudential Financial impact investment group’s first Opportunity Zone investment, according to developer MCB Real Estate. MCB Real Estate did not disclose the dollar amount of the investment. But the mixed-use Yard 56 project ...

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The Can Co. bucks Baltimore’s retail struggles

The Can Co. property, which dates back to 1895, has added five retail tenants. (Submitted Photo)

After a rocky 2018 for city retail, particularly restaurants, one Baltimore building is nearly 100 percent occupied after adding five new tenants, including three eateries. The historic 205,865-square-foot Can Co. property at 2400 Boston Street in Canton named a handful ...

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Parker joins Rosso, leads new consulting services

Gene C. Parker Jr., president of Continental Realty Corp., teaches a CRU Executive Series session on commercial real estate leasing.  (Maximilian Franz/The Daily Record)

Gene Parker has joined Rosso Commercial Real Estate as a principal, leading the firm’s new business consulting services and helping expand brokerage services. Parker around the start of the year left his role as president of Continental Realty Corp. after ...

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Business community optimistic about latest Baltimore police commissioner nominee

Greater Baltimore Committee President and CEO Donald Fry. (File Photo)

Business leaders expressed optimism about Baltimore Mayor Catherine Pugh’s latest choice to serve as the city’s police commissioner. Pugh announced on Tuesday she’d selected New Orleans Police Superintendent Michael Harrison to take the job as Baltimore’s top cop. Harrison’s nomination ...

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