MacKenzie Management Insights
Senate Bill 528: The Climate Solutions Now Act
What’s the Bill about? The recently passed Climate Solutions Now Act addresses decarbonization of existing buildings and contains directives that would pose both financial and logistical challenges for commercial property owners. Although there are exemptions and contingencies, it could be a “first sign” of mandates…
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Are Outdoor Spaces Here To Stay? Commercial Property Owners Are Banking On It.
For many Baltimore area real estate owners, adapting to restricted capacity regulations during the pandemic meant adding or expanding their outdoor spaces. Now that restrictions have loosened, property managers at MacKenzie Management say owners are realizing their customers want this access to the outdoors to…
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Building Value: Energy Standards
Legislators are mandating more use of Renewable Energy, which comes with a price; now’s the time to prepare for how this will affect your energy spend. No longer viewed as “niche,” renewable energy is coming into its prime. Most agree that definite changes in our…
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Building Value: Cost Segregation
Cost Segregation is a commonly used strategic tax planning tool that allows companies and individuals who have constructed, purchased, expanded, or remodeled any kind of real estate to increase after-tax cash flow by accelerating depreciation deductions and deferring federal and state income taxes. What is…
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The Benefits of Working with a Full-Service Commercial Real Estate Agency
What makes a full-service commercial real estate agency “full service?” In a typical commercial real estate agency, seasoned brokers work with buyers and sellers to conduct leasing and sales initiatives. Full-service commercial real estate agencies offer this necessary service, and much, much more. When you…
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Staying Ahead During an Ever-Changing Environment: Considerations for Commercial Property Owners
Since March 5th, when Governor Hogan declared the State of Emergency, we have all had to adjust the way that we operate, and this is especially true for commercial landlords. Social distancing and mask-wearing requirements were posted throughout buildings. Hand sanitizing stations were put in…
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Due Diligence Matters: Elevators
As buildings begin to age, there’s often the need for a complete upgrade to the elevator(s), commonly referred to as an Elevator Modernization. The costs can vary depending on the specific needs of your building, but most Elevator Modernizations are major capital expenditures costing in…
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Due Diligence Matters: HVAC
Buyers of properties should be aware of the refrigerants used in any assets they are acquiring, so that associated costs can be appropriately budgeted. This is an issue that should be a high priority during due diligence. Owners of properties with older systems will have…
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