Residential Sales and Retail Leasing Activity Remains Brisk at 108-Acre James Run in Harford County

May 18, 2023

Development group recently concludes land sale with Park Avenue Lifestyle for new $70 million independent living and assisted living project featuring 160 apartments, with completion set for 2025.    Sales and leasing activity remains ahead of schedule across all asset classes at James Run, a new 108-acre mixed-use development currently under development in Harford County, Maryland…

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Stubborn Inflation, Banking Crisis, and Uncertain Interest Rate Environment Causing Strain on Real Estate Leasing and Sales Activity Locally

May 8, 2023

On a positive note, non-residential construction surged 17 percent between May 2022 and February 2023 and currently sits at the highest level on record.  The combination of rising interest rates and the uncertainty of future occupancy needs of companies has negatively impacted leasing activity throughout the greater Baltimore Metropolitan region in Q1 2023, resulting in the…

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MacKenzie Brokers Sale of 8,500 sf Retail/Medical Office Building

April 12, 2023

Sam’s New and Used Tires acquires 10701 Baltimore Avenue, located in Beltsville, Maryland. Sam’s New and Used Tires, a locally-owned company based in Prince George’s County, has acquired 10701 Baltimore Avenue, a single-story, 8,500 square foot retail/medical office building situated in Beltsville, Maryland for $2.075 million. Adam Nachlas, SIOR, Senior Vice President Chris Bennett, Executive…

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MacKenzie Contracting Company Successfully Navigating Challenging Environment

March 31, 2023

Full-service general contracting company, currently celebrating 35-year anniversary, reports the most robust construction management backlog in the history of the company A perfect storm has enveloped the general contracting industry over the past two years – both nationally and locally – driven by escalating construction materials and labor costs, a rising interest rate environment and a…

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MacKenzie Contracting Company, LLC Selects Jim Burns as Project Manager

March 24, 2023

MacKenzie Contracting Company, a full-service general contracting company based in Lutherville, Maryland and part of The MacKenzie Companies, has selected Jim Burns as Project Manager. Burns, who brings more than 30 years of diversified construction management experience to this new position, formerly owned and operated MODCO Specialty Contracting. Burns will oversee the day-to-day construction management…

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During the Expected “Year of Increases,” Commercial Office Building Owners Should Consider Disposition or Reposition Strategies

March 15, 2023

“Rising interest rates, tenant improvement costs, and vacancy rates in commodity office buildings suggest timing is ideal for ownership reevaluation,” says Owen Rouse of MacKenzie Commercial Real Estate Services Continuing the trend started during the second half of 2022, economists and real estate experts alike have designated 2023 as “the year of increases,” led by…

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MacKenzie Brokers Sale of Two Industrial/Warehouse Buildings in Baltimore, $6 Million

March 13, 2023

2300 Eskow Avenue in Halethorpe sells for $3.1 million 629 S. Philadelphia Boulevard in Aberdeen trades for $2.8 million      MacKenzie Commercial Real Estate Services has executed the sale of two industrial/warehouse buildings located in the greater Baltimore metropolitan area – to two separate entities – for nearly $6 million.  Andrew Meeder and Daniel…

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Percentage of Women Construction Workers Rises to an All-Time High

March 9, 2023

Locally, 30 percent of all MacKenzie Contracting Company employees are women  A recent article in The Washington Post revealed that 14 percent of all construction workers in the U.S. are now women, representing an all-time high, a figure that has consistently risen since 2016, with data compiled by the United States Bureau of Labor Statistics.…

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Innovative Consulting & Management Services Signs Lease at 100 Lakeforest Blvd. in Gaithersburg

March 6, 2023

Allison Perry and Adam Nachlas of MacKenzie Commercial Real Estate Services brokers lease for professional and technical management consulting firm       Innovative Consulting & Management Services (ICMS) has signed a lease with Lakeforest Ventures, LLC for 4,935 square feet of office space within 100 Lakeforest Boulevard, a six-story building containing nearly 140,000 square feet of…

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MacKenzie Brokers Sale of 28,163 sf Industrial/Warehouse Building in Glen Burnie

February 22, 2023

521 Digiulian Boulevard is leased by Austin, Texas-based Architectural Surfaces and Houston, Texas-based ONE McDonough  MacKenzie Commercial Real Estate Services has executed the sale of 521 Digiulian Boulevard, a single-story building comprised of just over 28,000 square feet of industrial/warehouse space for $4.22 million. Matthew Curran, SIOR, Vice President as well as Daniel Hudak and…

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