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The Business Monthly

The Business Monthly

The business of Howard and Anne Arundel counties and the BWI Business District

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Real Estate

Posted inBusiness News

St. John plans to develop more than 1 million square feet across portfolio

by The Business Monthly March 24, 2023March 24, 2023

St. John Properties, Inc., has announced its intentions to speculatively develop 26 buildings, totaling more than one million square feet of commercial space across its national portfolio in 2023. This […]

Posted inReal Estate

HCAR releases 2022 housing report, forecast

Avatar photo by Mark R. Smith, senior writer March 3, 2023March 3, 2023

The Howard County housing market saw a 21.1 percent decrease in home sales last year, according to the Howard County Association of REALTORS, which recently released its 2022 Housing Report […]

Posted inBusiness News

SJC announces partial tenant lineup for Beacon Square

Avatar photo by Mark R. Smith, senior writer February 22, 2023February 22, 2023

Eleven new tenants have signed leases in Annapolis at the new Beacon Square mixed-use project. SJC Ventures, a privately held, mixed-use commercial real estate and retail development firm that is […]

Posted inHoward County

Lee & Associates: Columbia commercial vacancy drops to 12.5%

Avatar photo by Mark R. Smith, senior writer February 16, 2023February 16, 2023

Comparing year-over-year data as reported by Lee & Associates | Maryland, the occupancy rate for commercial office space in the greater Columbia submarket declined one percentage point from 13.5 percent […]

Posted inReal Estate

A retrospective of 3 decades of Central Maryland development

Avatar photo by Mark R. Smith, senior writer February 2, 2023February 3, 2023

For more recent residents of the area, using the mind’s eye to imagine the landscape between Anne Arundel and Howard counties in March 1993  the month and year The Business […]

Posted inReal Estate

Md. awards more than $65M to offset rising construction costs

Avatar photo by Mark R. Smith, senior writer January 25, 2023January 25, 2023

To expand funding for projects with a high public purpose, the Maryland Department of Housing and Community Development has awarded more than $65 million to 27 affordable housing projects. The […]

Posted inBusiness News

COPT forms joint ventures with Blackstone

Avatar photo by Mark R. Smith, senior writer January 20, 2023January 20, 2023

Columbia-based Corporate Office Properties Trust has formed two joint ventures with entities affiliated with Blackstone Real Estate. The joint ventures acquired a 90% interest in five single-tenant, data center shell […]

Posted inReal Estate

Maryland property values rise in 3-year assessments

Avatar photo by Mark R. Smith, senior writer January 11, 2023January 11, 2023

The value of a group of Maryland residential and commercial properties increased by more than 20% over three years, the state Department of Assessments and Taxation announced. SDAT reassesses more […]

Posted inHoward County

Redevelopment plans progressing in Downtown Columbia, Gateway

Avatar photo by Mark R. Smith, senior writer December 24, 2022December 28, 2022

While development in Downtown Columbia’s Merriweather District is progressing, the county’s general plan update is set to have an impact on redevelopment in Columbia’s “final frontier,” Columbia Gateway Business Park.

Posted inReal Estate

Columbia bucks national trend with office leases

Avatar photo by Mark R. Smith, senior writer December 22, 2022December 22, 2022

While there has been a nationwide decline in office leasing, Downtown Columbia has seen a steady demand for space throughout 2022. The Howard Hughes Corp. announced the total amount of […]

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