Author Archives: crew

How Low Will the Cap Rate Go?

DTZ, an international brokerage with offices in Baltimore among other places has just listed 100 Light Street for sale on January 28, 2015.  That building is commonly known now as the Transamerica building.  For a long time,it was known as the Legg Mason building. How low will the cap rate go?

The building is 549,000 square feet and 35 stories.  Having signed up Transamerica, Ober Kaler and Miles and Stockbridge to backfill the departure of Legg Mason, it is expected that significant international interest that will drive the price up and the cap rates lower.

100lightstreet trans1

The teaser from DTZ states the following about the property:

Offering Materials are now available for the Transamerica Tower, a 35-story, 549,273-square-foot, 92% leased, Class-A trophy office tower in Baltimore’s central business district (CBD). The building is themost preeminent and recognizable building in the Baltimore City skyline; it boasts a premier “Main & Main” location at Pratt and Light Streets; it is just steps from the gateway to the Inner Harbor, the number one tourist attraction in the state of Maryland and the most amenity-rich area in the city; and the property is the tallest building in the state of Maryland at 35 stories. Originally constructed in 1973, current ownership has invested more than $46 million in capital improvements over the last five years, yielding a property with its own separate 550-space parking garage as well as ground level retail, a pre-eminent location and tremendous on-site amenities that include a new plaza with water views, a two-story glass lobby, a private restaurant, meeting space, an employee dining room, and fitness center.

The Transamerica Tower boasts a rent roll of tremendous credit and term that includes Transamerica Life Insurance Company (a subsidiary of Aegon (NYSE: AEG) – public market value of $18 billion), as well as national law firms Miles & Stockbridge and Ober | Kaler. The property serves as the headquarters for each of these three tenants, with the three combining to represent nearly 70% of the rentable square feet in the building. The Tower has the best vehicular access of any building in the city to points north, south, east and west, and allows for parking both under the building as well as across Lombard Street in the 30 Light Street parking garage that will convey with the building.

This offering represents a once-in-a-lifetime opportunity to acquire the most recognized, trophy office building in Baltimore, with durable credit and lease term at a price per square foot basis below replacement cost on the coveted Pratt Street corridor.

Rare Opportunity to Acquire Dominant Regional Property

  • Once-in-a-lifetime opportunity – the property has never been sold on the open market
  • Most iconic building in Baltimore and the tallest structure in the state of Maryland

Strong In-Place Tenancy with Tremendous Term & Credit

  • Weighted average lease term of nearly 8.5 years
  • Portfolio of 30 & 100 Light Street is more than 91% leased
  • Three largest tenants account for 70% of the building with average term of nearly 11 years

Prime Location within Steps of Baltimore Inner Harbor

  • Located at the core of Baltimore’s Pratt Street Corridor (Intersection of Pratt & Light Streets)
  • “Main & Main” location and immediate proximity to the Inner Harbor
  • Wealth of amenities both on-site and within steps of the property

Tremendous Capital Investment Has Created Dominant, Amenity-Rich Property

  • $46 million in capital investment over the last five years
  • New plaza with water views, a two-story enlarged glass lobby and atria
  • Private restaurant and meeting space, employee dining room, fitness center and barber shop

Prominent Space on Baltimore Skyline Provides 360-Degree Views of the City

  • 35-story building is the tallest building in the state of Maryland
  • Panoramic views of the city and the host of amenities surrounding the building, including Oriole Park at Camden Yards, Ravens Stadium, and most notably the Inner Harbor

Convenient Access to Major Commuter Arteries

  • Transit-oriented location with tremendous access to public transportation (Amtrak, MARC, Light Rail, Metro, bus & water taxi)
  • Located just minutes from the region’s principal thoroughfares, I-95, I-295, I-83 and I-695

Explosive Growth in Downtown Residential Investment

  • Surging residential development (8,400 new residential units completed in Baltimore since 2010, 3,200 currently under construction)
  • Boom in millennial residents is driving enormous expansion of amenity base
  • 100 Light is surrounded on all sides by current and near term multi-family development projects

Parking Garage in Adjacent 30 Light Street Provides Diversity of Income

  • Adjacent 30 Light Street includes both 11,678 SF of ground-floor retail space and a 550-space parking garage
  • Contributes significant income & adds to 100 Light Street’s dominant position

To keep up on details please visit www.crewbaltimore.org and follow @crewbaltimore on twitter.  Watch for more details as articles are bound to appear in the coming months on what may be one of the top local deals in the Baltimore Commercial Real Estate investment world and see how low cap rates will go.

Howard Sobkov

Board of Directors 2015

board of directors 2015

CREWBaltimore Board of Directors 2015

President

Karen Pecoraro, Cardno ATC

President-Elect

Howard Sobkov, Cap Ex Management Group

Secretary

Amy Lacock, Colliers International

Treasurer

Karyn Tasker, CohnReznick LLP

Past-President

Kim Hogan, Cushman & Wakefield of Maryland, Inc.

General Counsel

Michele Cohen, Miles & Stockbridge, P.C.

Directors

Deborah Ford, University of Baltimore

Patty Lang, Choice Plantings, Inc.

Glenda Sanders, Sanders Designs

Dawn Sangley, PLDA Interiors

Kathleen Bands Schindler, My Cleaning Service, Inc.

2015 Committee Leadership

Programs Committee

Chair: Kristen Schrader, KBE Building Corporation

Co-Chair: Ally Happel, AlliedBarton Security Services

Public Relations Committee

Chair: Candace Zang, Susquehanna Bank

Community Action Committee

Chair: Polly Houck, Absolute Service Industries, LLC

Membership Committee

Chair: Dawn Rogers, Obrecht Commercial Real Estate, Inc.

Sponsorship Committee

Chair: Laurie Marino, Colliers International

Finance Committee

Chair: Joan Renner, The Brick Companies

Member Spotlight – Debbie Heaver

Debbie Heaver

Debbie Heaver, Regional Account Manager, Brickman

Debbie Heaver

Regional Account Manager, Brickman

I am a Customer Service and Sales Representative responsible for some of Brickman’s largest accounts in the Mid-Atlantic.

How long have you been a CREWBaltimore Member?

20 years

What was the experience or motivating factor that compelled you to join CREWBaltimore? Was there someone who influenced you to join?

After starting a new General Contracting business in 1991, I was motivated to join CREWBaltimore because I wanted to become part of an intimate business organization that could help me grow my business network and develop the skills needed to be confident, successful, and relaxed in business settings. A social butterfly I was not. Back in 1994, when I joined CREWBaltimore, the events were generally attended by 20-25 people, which allowed for everyone to stand in a circle and introduce themselves to the group.  I was petrified at first, but as time went on I became more and more comfortable with myself from the support I was receiving from the group, both personally and professionally.  Thanks to CREW, I was able to grow beyond the person I was and see the person I could be.

The success I have experienced in my career would not have been possible without having the opportunity to learn from the many CREW members, like Madeline Johannasen, Cynthia Berman, Brenda Bodian, and Deborah Ford, who made me feel welcome and taught me to take the time to invest in myself first.  I had never been a member of a women’s organization before and had no idea the power it has to change your life.

CREWBaltimore positions held or committees you have been part of:

  • Arrangements Chair
  • Membership Chair
  • PR Chair
  • Programs Chair
  • Programs & Membership Committee Member

Briefly describe the culture of CREWBaltimore:

The culture of CREWBaltimore, I believe, is to look at a person as a whole.  As our lives evolve, we need different things at different times.   For me, over the past 20 years it has been a place to promote your business, promote yourself, and seek guidance from a trusted colleague.

What do you do in your spare time? Provide a fun fact about yourself.

My world away from work is a busy one.  I have two grown children whom I love to visit.  My daughter, Erin, is in Raleigh, NC, and my son, Christopher, is in Ft. Myers, FL (you know when I go see him).  When I am not visiting the kids, I have a Horse Farm in Clarksville where I have two retired horses, two Labrador Retrievers and 20 acres of grass to mow.  Oh, did I mention fixing all those fences…?  🙂

What 3 business tips can you share with others?

  • Treat customers and colleagues as you would like to be treated yourself.
  • Admit when you are wrong, and if possible, make amends before it is noticed.
  • Enjoy what you do! Success and happiness cannot be achieved with your teeth clenched.

What is your guilty pleasure (TV show, sweet treat, etc.)?

My guilty pleasure is going on a beach vacation and doing absolutely nothing but sitting on the beach, reading, swimming, and snorkeling. The handsome cabana boy bringing me cold beverages is always a plus, too.

If you could spend the day with one celebrity, who would it be, and why?

Amelia Earhart. She looked at life as one exciting challenge after another and never took NO for an answer. I would love to see that spirit firsthand, especially at a time when she was blazing a new frontier for women. I think there are times when we could all use a little more Amelia spirit in our lives.

What is your dream vacation spot?

BORA BORA. I have been there once, and it lived up to all my expectations. I can’t wait to go back!

CREWBeacons Photos – Now Available!

CREWBaltimore Beacon Awards 2014

View Beacon Awards Photos from the Inaugural Ceremony

November 6 at Tabrizi’s Restaurant in Baltimore

CREWBaltimore members at the inaugural Beacon Awards ceremony. Photo Credit: Maria Linz Photography.

l-r: Kim Hogan, Property Manager, Cushman & Wakefield and CREWBaltimore 2014 President; Theresa (Majchrzak) Tsamoutalis, President and Principal, ALLSAFE Elevator Inspections and Beacon Awards Committee Chair; Mary Beth Marsden, former anchor, WMAR-TV and distinguished speaker. Photo Credit: Maria Linz Photography.

Beacon Awards Photos

CREWBaltimore VIPs at the inaugural Beacon Awards. Photo Credit: Maria Linz Photography.

Beacon Awards Photos

CREWBaltimore Beacon Awards dessert. Photo Credit: Maria Linz Photography.

Beacon Awards Photos

2014 Beacon awards venue, Tabrizi’s Restaurant. Photo Credit: Maria Linz Photography.

Do you know who won this year’s Beacon awards? Find out here!

Member Spotlight – Howard Sobkov

Howard Sobkov

Howard Sobkov, Partner, Cap Ex Management Group

Howard Sobkov

Partner, Cap Ex Management Group

I oversee a property management business and partner in the acquisitions side of the business.

How long have you been a CREWBaltimore Member?

Since 2012

Was there someone or something that influenced you to join?

My experience hitting a glass ceiling in Belgium as the only American in the Belgian Bank.  I was passed over for promotion as a non-Belgian.  Firm glass ceiling.  The mission at CREWBaltimore really spoke to me and that experience.

List any CREWBaltimore positions held or committees you have been a part of.

Member, Membership Committee, 2012-present

Member, PR/Social Media Committee, 2012-present

Board Liaison Programs

Delegate to the Miami Convention

How does CREWBaltimore support your career?

I have been able to improve the operations of the property management business both on an income and expense side.  First-rate contacts.

Have you done business with another CREW member, locally or nationally?

The property management business offers opportunities to work with local CREW members.  I have and am working with 6 CREW members currently and working hard to expand that number.

What 3 business tips can you share with others?

Not mine, but…

Have vision
Work hard
Be Authentic

What is your guilty pleasure (TV show, sweet treat, etc.)?

Dark chocolate

What is your favorite app or social media outlet?

LinkedIn

What is your dream vacation spot?

Saint Barthelemy

Additional comments?

This was not asked but I would strongly encourage all CREWBaltimore members to go to Convention.  Hard to describe how excellent the experience of being there can be.

Event Recap, PART 2 – Industrial In the Know

Are You In the Know About

Baltimore’s Industrial Market?

Chrissy Hoffmaster

Chrissy Hoffmaster, Copywriter and Project Manager at IMPACT Marketing & Public Relations

by Chrissy Hoffmaster, Copywriter/Project Manager at IMPACT Marketing & Public Relations

Event Recap: Industrial “In the Know” Luncheon

“In the Know” Quiz

For the past week, CREWBaltimore’s Twitter and Facebook accounts have served as “distribution centers” for hard-hitting questions about Baltimore’s industrial market.

See how you did on the quiz:

10/15/14

Q: Can you name 3 local areas where industrial is predicted to boom in 2015?

A: Pennsylvania’s I-81 corridor, Maryland’s Prince George’s County, and Southeast Baltimore City

10/16/14

Q: Can you name the area recently nicknamed “Liberty Town” for its industrial market?

A: Pennsylvania’s Lehigh Valley

10/17/14  

Q: Can you name 2 ways industrial is adopting “greener” standards?

A: LED lighting and solar energy

10/18/14

Q: Can you name the MD county poised to become the “next great place” for industrial?

A: Prince George’s

10/19/14

Q: Can you name the local company that built the first sustainable warehouse in the U.S.?

A: Liberty Property Trust

10/20/14

Q: Can you name the 2 huge markets industrial is outperforming?

A: Office and Retail

10/21/14  

Q: Can you name 1 piece of legislation that has been especially challenging for industrial?

A: the Stormwater Management Act

What else did you miss?

“Monster” Asset Class

Kate Nolan Bryden says legislators need to start recognizing industrial as the “monster asset class” that it really is. And not just because it’s almost Halloween.

So far, lawmakers have failed to understand the industrial product type, leading to logistical nightmares for developers. (We’re looking at you, Stormwater Management Act.)

Kate also tipped us off to the role of LEED. The trend in many commercial real estate markets is toward sustainability. But going green costs green, and tenants don’t always see the value of higher rent. Conveying the energy-saving benefits will be one of the major challenges going forward.

“Frothy” Capital

Lisa Goodwin says that the amount of capital chasing industrial is so “frothy” that you can almost bet you will get a return.

The GDP is slowly improving, and industrial is outperforming two all-stars: office and retail. All that despite regulations that have made it nearly impossible to maintain a large warehouse. (Water treatment per square foot is just one culprit.)

Lisa also told us that transportation is quickly moving up the list of industrial market challenges. Developers are facing higher operational costs not only because of transportation, but also because they’ve struggled to find high-quality land. Recent port labor strikes haven’t helped much, either.

Who’s “Driving” Industrial?

Matt Laraway wants you to imagine what you’d do if you saw a tractor trailer coming toward you – with no driver!

Driverless commercial trucks are on the horizon, but the current threat is toll increases, which have contributed to the mass movement of tenants to Southeast Baltimore City. Combined with the availability and cost of land – and rent rates – tolls will be a major decision-making factor for developers looking in the Baltimore area.

Matt also identified two of the next great places for industrial development: functionally obsolete infill sites/buildings that are being redeveloped in Baltimore and Prince George’s counties.

“Amazon” Growth

Peter Scholz wants to help you keep warm this winter by sharing the hottest areas for industrial nationwide.

Some of those places are the hottest weatherwise, especially Southern California and Houston, Texas. But industrial is also predicted to grow in the Windy City, proving that palm trees are no requirement for industrial growth.

Locally, Peter predicts we could see more large deals along the lines of the Amazon warehouse in Baltimore (for which his company serves as landlord). Nationally, sales are forecasted to increase as well – although tenants’ willingness to pay extra for sustainability will determine where industrial grows most.

How do our panelists know so much about industrial?

Kate Nolan Bryden is Principal & Project Manager at AMK Partners, a commercial construction and development management firm that built 2.1M s/f in 3 Class A buildings in Harford County.

Lisa Goodwin is Vice President & City Manager at Liberty Property Trust, which has more than 80M s/f of industrial space, including 4 M s/f in Baltimore.

Matt Laraway is Executive Vice President of Chesapeake Real Estate Group, which is building its industrial platform in the Baltimore region. Current projects include spec warehouses in Harford and Baltimore counties.

Peter Scholz is Senior Vice President at Duke Realty, which focuses on office space, medical office space, and industrial space, including the 1M s/f Amazon warehouse in Baltimore.

Join us at our next event!

Conversation Over Coffee Tech Toolbox: The Art of Networking and Social Media.

Wed., Nov. 12 from 8-10 a.m. 

Sign up here!

Event Recap, PART 1 – Industrial in the Know

Who’s in the know? CREWBaltimore!

Chrissy Hoffmaster

Chrissy Hoffmaster, Copywriter/Project Manager at IMPACT Marketing & Public Relations

by Chrissy Hoffmaster, Copywriter/Project Manager at IMPACT Marketing & Public Relations

Industrial “In the Know”: Baltimore’s Industrial Real Estate Market

October 9 Luncheon at the Hotel Monaco

Nearly 70 CREWBaltimore members and guests gathered at the Hotel Monaco on October 9 to learn a lot about the local industrial real estate market.

Our 5th networking and panel luncheon featured 4 savvy speakers and 1 dynamic moderator. Check out their qualifications!

Moderator:

Debbie Heaver

Regional Account Manager, The Brickman Group

Panelists:

Kate Nolan Bryden

Principal & Project Manager, AMK Partners

Lisa Goodwin

Vice President & City Manager, Liberty Property Trust

Matt Laraway

Executive Vice President, Chesapeake Real Estate Group

Peter Scholz

Senior Vice President, Duke Realty

Are you in the know?

Visit us on Twitter and Facebook during the next few days to see how much you know about industrial.

And look for our full event recap to follow next week!

Member Spotlight – Karen Singer

Corporate Office Properties Trust's Karen Singer

Karen Singer, Senior Vice President, General Counsel & Secretary, Corporate Office Properties Trust

Karen M. Singer

Senior Vice President, General Counsel & Secretary, Corporate Office Properties Trust

I manage the Legal Department, which is responsible for executing all of the transactions for the company, including acquisitions, dispositions, financings, leasing, development, property management and corporate governance matters as a publicly traded real estate trust.

How long have you been a CREW Member?

Likely since 1990 or so.

What was the experience or motivating factor that compelled you to join CREWBaltimore? Was there someone who influenced you to join?

As a new attorney, I thought that it would be advantageous to meet a group of like-minded professionals, who would be great resources for both professional advice and networking.  I attended several meetings and enjoyed interacting with the other women and thus joined.

List any CREWBaltimore positions held or committees you have been a part of.

I served as Secretary to the Board for a period of time and chaired the CREWBaltimore Fund soon after its inception.

How does CREWBaltimore support your career?

CREW has been a wonderful resource throughout my career.  In the early days, it was the place to “ask the dumb question”—of course, no questions are dumb, yet CREW felt like the safe spot to delve deeper into an issue or an approach with a more experienced CREW member.  As time evolved, I used CREW to network through a job change, exploring alternative paths in the real estate profession. After settling into a new in-house position, I have tried to be a resource for other CREW members in whatever way might be helpful to them.

Have you done business with another CREW member, locally or nationally?

I have done plenty of business with CREW locally and always enjoyed the familiarity of knowing another party or supplier to a transaction in a different context, building on the foundation which pre-existed the transaction.

What do you do in your spare time? Provide a fun fact about yourself.

I actually love to knit and needlepoint.  Those who know me are sometimes surprised as these are sedentary hobbies and I am quite energetic, yet I love them. I enjoy the creative aspect of knitting and they keep me busy when other people might not be doing anything else (such as being a passenger on a road-trip or watching a movie at home).

What is your guilty pleasure (TV show, sweet treat, etc.)?

Chocolate chip cookies!

What is your dream vacation spot?

Florence, Italy

If someone wrote a biography about you, what do you think the title should be?

Passionately Committed

Event Recap – Virtual Tour of Baltimore

Tall Ships, Tall Order for Baltimore Commercial Real Estate

by Chrissy Hoffmaster, Copywriter/Project Manager at IMPACT Marketing & Public Relations

Chrissy Hoffmaster

Chrissy Hoffmaster, Copywriter/Project Manager, IMPACT Marketing & Public Relations

Virtual Tour of Baltimore

September 11 luncheon at the Hotel Monaco

While the Blue Angels roared through the sky above Baltimore’s Hotel Monaco, three commercial real estate experts treated CREWBaltimore members and guests to an electrifying virtual tour of the area’s most important upcoming projects.

With Central Maryland already home to numerous cutting-edge commercial properties, improving the local landscape is a tall order – even taller than the ships anchored for the Battle of Baltimore bicentennial. Must be why two of the featured projects will offer some of the best views of the Key Bridge and Inner Harbor!

All three projects are also raising the standards for efficiency, sustainability, and quality of life in commercial real estate. Let’s learn more…

The Rotunda in Hampden, Maryland

Presented by Chris Bell, Senior Vice President, Acquisitions and Development, Hekemian & Co.

A major renovation to the well-known local shopping center once managed by 2014 CREWBaltimore President Kim Hogan, The Rotunda project is designed to revitalize Hampden through a sustainable commercial property where people line up to live, dine, and shop. The design plans, which include hundreds of apartments, have taken every detail into consideration. Apartment residents will gain Harbor views, but The Rotunda itself will hardly tower over the area. Additional trees and convenient parking will make the renovated commercial property a welcome part of the tight-knit community.

Project Overview
  • 5-acre site originally developed in 1920
  • 379 apartment units accessible from central lobby
  • 155,000 s/f retail on ground floor
  • 140,000 s/f office space
  • 8-story parking structure
14 neighborhoods’ worth of input

The Rotunda has been a popular destination for Hampden, Roland Park, and Medfield residents for decades. Those loyal shoppers weren’t about to let their beloved mall morph into something that could upset their way of life. Hats off to Hekemian for satisfying all 14 of the 21 area neighborhoods that contributed input on the design. The amazing line-up of retailers probably didn’t hurt, either – mouths are already watering for MOM’s Organic Market and Starbucks.

Towson Row in Towson, Maryland

Presented by Arsh Mirmiran, Partner, Caves Valley Partners

Located at York Road and Towsontown Boulevard, Towson Row is a multi-million dollar vertical mixed-use development. Designed partly to ease the burden of Towson University’s growing population through the addition of hundreds of student beds, it’s likely to also lighten a few wallets with its amazing retail offerings, to include a high-end grocery concept.

Project Overview
  • 900 beds for TU students
  • residential tower with 375 units
  • ornamental railroad bridge spanning York Road
  • archway and grand stair leading to plaza
  • hotel and high-end restaurants
An elevated dining experience

Towson Row has ambitious aims to elevate the area’s dining options, already quite high thanks to The Melting Pot Restaurant. Though most of the new eateries will located at ground level, they’ll no doubt offer some of the best surf ‘n’ turf in the area. And for residents and students who prefer dinner and a movie, there will be no better place than the new Cobb Theatre in Towson– one of the world’s highest-end dine-in movie chains.

Downtown Columbia in Howard County, Maryland

Presented by Mark Thompson, Director, Downtown Redevelopment of Howard County

As Columbia approaches its 50th anniversary, residents should prepare for some major changes to the Mall Area, Lakefront, and Crescent Property. The Downtown Redevelopment Office is picking up where the Rouse Company left off – starting with the conversion of its world-renowned, Frank Gehry-designed headquarters into a long-awaited Whole Foods store. Look for the 30-year redevelopment plan to go hand-in-hand with HoCo’s motto, “Choose Civility,” and its focus on sustainability.

Project Overview
MALL AREA
  • $100M, 6-story new apartment building, The Metropolitan
  • $8M renovation to Merrill Lynch building lobby
  • plans for 13,880 s/f of addition retail and 34,500 s/f of additional parks/playgrounds
LAKEFRONT
  • $25M renovation to Rouse Company headquarters, now Columbia’s own Whole Foods
  • 27,000 s/f mind/body retreat center Haven on the Lake, with views of Lake Kittamaqundi
  • $5M expansion to Clyde’s of Columbia
CRESCENT PROPERTY
  • $19M in renovations to Merriweather Post Pavilion, Symphony Woods
  • plans for 2,300 additional apartments, 1.4M s/f of additional office space, 313,000 s/f of additional retail space, and a 250-room hotel
HoCo Gets Around

“Our measure of success is when people pay to park in Columbia.”  A lofty goal indeed, but Mark and his team have their work cut out for them. Not only does Columbia plan to reduce residents’ dependence on personal vehicles, but it also aims to add public transportation, including a circulator that would unite the Crescent’s key institutions: Howard General Hospital and Howard Community College. Also in the works: 94 miles of additional bicycle and pedestrian pathways, along with a new recreational park.

Q & A Session

Moderated by Beth Hardsock, President, Omega Fire & Life Safety

After the presentations, Beth led the panelists through a series of hard-hitting questions from CREWBaltimore members, including Teresa Terry and Theresa Tsamoutalis.

“How will each project address resident safety?”
  • The Rotunda – Will prevent break-ins and muggings with 40 cameras located around the property. Nearly every square inch will be within camera view.
  • Towson Row – Will model Harbor East security, with strategic lighting and landscaping; also, police segways and sub-station.
  • Downtown Columbia – Will take a collaborative approach to security with help from local police department, including bike patrol of the new pathways.
“How is each project helping the area ‘go green’?”
  • The Rotunda – Additional trees and sensible parking will make area even more bike-friendly.
  • Towson Row – Towson City Center is already shockingly energy efficient, and Towson Row will be, too.
  • Downtown Columbia – Streams restoration, green areas, bio-retention ponds, and other site-specific projects to help HoCo go ever greener.
“What opportunities are there for local or small businesses to get involved with the projects?”
  • Towson Row – Hired a local architect design collective and general contractor  Whiting Turner
  • Downtown Columbia — HoCo goes local for most projects, although has hired some D.C.-based MEP specialists.
“What were the biggest challenges of each project?”
  • The Rotunda – Getting everyone in the neighborhood to buy in – it’s a 5-year process to get anything developed.
  • Towson Row – Complicated grocery store loading area – entire design built around that challenge
  • Downtown Columbia – Educating consumers that parking will have to change…
“What have you learned from your projects that you can summarize in one sentence?”
  • Chris Bell – “The best opportunities are those you can develop at the right time.”
  • Arsh Mirmiran – “It’ll take twice as long as you think.”
  • Mark Thompson – “Go slow to go fast.”
“When can I go shopping?”
  • The Rotunda – Retailers open next fall.
  • Towson Row – Starting demolition next spring.
  • Downtown Columbia – Whole Foods opened in August!

Join us at our next luncheon, Industrial “In the Know,” at the Hotel Monaco on October 9. Sign up here!

Congratulations, Beacon Awards Finalists!

 2014 CREWBaltimore Beacon Awards

November 6 at Tabrizi’s Waterfront Restaurant in Baltimore

Tickets are SOLD OUT!

Register for the Waitlist and Buy Your Raffle Tickets

CREWBaltimore Beacon Awards Finalists

Congratulations, Beacon Awards Finalists!

Chapter Champion Award

Given to the company that has over the last 24 months made a significant and sustained commitment to CREWBaltimore through the devotion of monetary resources, employee time commitment, and other support.

Finalists

Choice Plantings, Inc. where CREWBaltimore member Patty Lang is Vice President and Owner
CohnReznick LLP, where CREWBaltimore member Vicki Lanahan is a Tax Senior Associate; where Mary Beth Norwood is Co-Managing Partner; and where Karyn Tasker, CPS is an Audit Manager
Safeguard Maintenance Corporation, where CREWBaltimore member Lynda Balins is Capture Manager

Member-to-Member Business Award

Honors a CREW Network member who consistently demonstrates an extraordinary commitment to marshal CREW talent, resulting in measurable business for other CREW members. This individual exemplifies the power and spirit of CREW.

Finalists

Kristen Schrader, Business Development Manager, KBE Building Corporation
Howard Sobkov, President at HMS Equity

Rookie Member of the Year – The Dive-Right-In Award

Given to a member who, in the first two years of membership, has most embraced the CREWBaltimore mission and core values through chapter involvement, member-to-member business, mentoring, and/or career and professional development.

Finalists

Beth Hardsock, President, Omega Fire & Life Safety
Teresa Terry, Strategic Accounts, Herman Miller, Inc.
Candace Zang, Commercial Portfolio Manager, Susquehanna Bank

Circle of Excellence Award

Given to people in the Baltimore commercial real estate community who consistently embody CREWBaltimore’s mission and core values related to Leadership, Excellence, Influence, Advancement, and Community. This award is not limited to CREW members, nor is it limited to women.

Finalists

Stacey Berman, Managing Director, Newmark Grubb Knight Frank
Deborah Ford, Ph.D., recently retired, former Director of the Bachelor of Science in Real Estate & Economic Development at University of Baltimore
Laura Thul Penza, Principal, Penza Bailey Architects
Joan Renner, Chief Financial Officer, The Brick Companies

Community Impact Award

Honors one or more commercial real estate professionals who played a pivotal role in a real estate project that was completed or achieved a significant measurable milestone in the last 24 months, and that had a significant and measurable positive impact on the community.

Finalists

Kate Nolan Bryden, Principal at AMK Partners LLC, for her role in the development of Building B at Mid Atlantic Industrial Park in Perryman, MD
Seawall Development Company’s development team for its role in the development of Baltimore Design School in Baltimore, MD
University of Baltimore’s project team for its role in the development of the John and Frances Angelos Law Center in Baltimore, MD

Don’t forget to register for the waitlist and buy your raffle tickets!