Adam Bednar

Apr 18, 2024 | baltimoremagazine.com | Adam Bednar

In the age of remote working, more residents are opting to invest in a second residence—and demand is surging.

Mar 28, 2024 | bisnow.com | Adam Bednar

The Baltimore City Comptroller’s office has recommended substantial changes to how the city negotiates Payment In Lieu of Taxes agreements that would spare nonprofits from paying more than $97M in property taxes annually. The recommendations include the city insisting on the ability to adjust payments for inflation annually, track and publish nonprofit PILOT payments and allow for adjustments when an organization acquires or relinquishes a property.

Mar 27, 2024 | bisnow.com | Adam Bednar

The collapse of Baltimore's Key Bridge is expected to cause substantial disruptions to the region's economy and its industrial real estate sector. The Francis Scott Key Bridge collapsed Tuesday after being struck by a container ship, killing six construction workers and shutting the port. The degree to which the catastrophe damages the local economy depends largely on how long the collapse hinders operations at the port, one of the busiest on the East Coast.

Mar 26, 2024 | bisnow.com | Adam Bednar

A container ship departing the Port of Baltimore struck Baltimore's Key Bridge and caused it to collapse early Tuesday morning, blocking the port's entrance and exit and creating an obstacle for auto traffic. Baltimore's Key Bridge collapsed after a cargo ship slammed into it Tuesday morning. Baltimore Mayor Brandon Scott declared a state of emergency due to the bridge collapse, which happened at about 1:30 a.m. Tuesday.

Mar 22, 2024 | bisnow.com | Adam Bednar

The appraised value of the financially troubled office tower at 300 E. Lombard St. in downtown Baltimore has plummeted by 76% in the last decade, according to a new report from Morningstar Credit. The building at 300 E. Lombard St. has lost 76% of its value in the last decade. The property received a new appraisal in January, putting its value at $9.1M, down from $38.5M in December 2014. Morningstar cited a sharp increase in vacancy at the property as the catalyst for the dropping value.