After weeks of anticipation, commercial real estate experts watched their prediction come true when the Federal Reserve raised interest rates from 1.75% to 2%. This move comes on the heels of an increase in March from 1.5% to 1.75%. In their reactions, most economists touted the move as a sign of a strong and steadily…
Details2018 Second Quarter Newsletter Murphy Commercial Teams up with Global Real Estate Firm, Mohr Partners, Inc. and Finds New Home for The Mentor Network Royal Farms “Connects” to Intercounty Connector AdsIntelligence Sells Office Property and Finds New Headquarters in Millersville Atlantic Bedding and Furniture Expands Showroom to Annapolis Design District Murphy Commercial Teams up with…
DetailsMurphy Commercial Real Estate was a proud sponsor of the 2018 Denim and Diamonds Spring Benefit Bash sponsored by the Anne Arundel Medical Center Foundation. The event was held on April 28th, and Dennis Murphy, Joe Sera, Randy Miller, and their guests attended. “Murphy Commercial Real Estate was proud to be one of this year’s…
DetailsAccording to the NAIOP Research Foundation’s “Economic Impacts of Commercial Real Estate, 2018 Edition”, Maryland ranks number seven in the United States in terms of state gross domestic product generated by office real estate development. The report further stated that commercial real estate in Maryland supports nearly 48,000 jobs and contributes $7.78 billion to the…
DetailsThe Anne Arundel County Executive recently announced seven bills that would impact the development process in our area. Let’s take a closer look at these seven bills and what they would mean for development in Anne Arundel County. Bill No. 17-18 Bill No. 17-18 details the possibility of implementing a temporary moratorium on certain rezonings…
DetailsBlo Dry Bar is located at Festival at Riva 2323 Forest Drive. Blo Dry Bar will join TJ Maxx, Michaels and is adjacent to the PM Pediatrics within the center. This is owner, Shar Farrell’s, first of several Blo Dry Bar franchises. “As a local resident I just knew there was a great need…
DetailsThere are plenty of resources available to help you once you’ve decided to move to a new office space, but what if you haven’t made up your mind yet? If you’re reluctant and aren’t sure if now’s time to act, here are four signs to nudge you along so you can make this important decision.…
DetailsEconomic and commercial real estate (CRE) experts have had their attention tuned to CRE interest rates lately. This is especially true if you’re an investor searching for potentially lucrative properties to add to your portfolio–is this a good time to buy? Or should you wait out the uncertainty to see if the market changes? Although…
DetailsBusiness is rapidly becoming an integral part of a consumer’s online experience–you can now virtually shop for anything from groceries to cars and commercial real estate locations. The rise of e-commerce is most plainly seen in the downfall of once major brick-and-mortar retail shops like Sports Authority and Wet Seal. Despite these recent changes in…
DetailsCommercial building owners are always looking for ways to save more money, and one often overlooked resource is energy efficiency. Notably, research shows that utility bills–including energy bills–represent one of the highest operating costs for building owners nationally, more than taxes and insurance. To recoup these costs, most building owners pass these expenses onto their…
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