"We will be more active in build-to-suit, core construction andproject management as a result." Other areas of its platform thatwill be enhanced are institutional leasing, investment sales andproject management, Baird says.


Laraway was a VP at CBRE; Cahill, who most recently spent timeconsulting, was CBRE's senior managing director for the Baltimoreoffice; Brady was the director of Technical Services and thedirector of Asset Services for the Baltimore/Washington regionwhile at CBRE. Baird says the trio also has strong ties toinstitutional clients with whom the firm is looking to do morebusiness. "We are looking through this group to capture marketshare with clients that are looking for integrated solutions," hesays.


The build out of its platform comes in the midst of a slowdownin the Baltimore industrial market. "We have seen a decline inactivity in large regional distribution center users," Baird says."It's a function of the retail economy." Areas of continuedstrength, he continues, are in the bread-and-butter tenants, suchas local service center users. "Demand for space between 50,000 sfto 150,000 sf continues to be strong and we believe it willcontinue to be stable this year."

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.