Ports and rail

  • Cecil Bancorp plans to recapitalize through bankruptcy sale

    Cecil Bancorp plans to recapitalize through bankruptcy sale

    Cecil Bancorp has reached a deal with investors to recapitalize the long-troubled bank with $30 million and plans to use a bankruptcy auction to secure the cash, the bank announced. The investors have not been named, but Cecil President and CEO Terrie Spiro said the group includes investment funds...

  • McCormick earnings top analysts' second quarter expectations

    McCormick earnings top analysts' second quarter expectations

    McCormick and Co. Inc. reported strong second-quarter results Thursday that beat analysts' expectations, as new products and expanded distribution helped boost sales 5 percent. The Sparks-based spice and flavorings maker said sales increased to $1.11 billion for the three months that ended May 31....

  • Howard Bancorp added to Russell 2000 Index

    Howard Bancorp added to Russell 2000 Index

    Howard Bancorp Inc. has been named to the Russell 2000 stock index, which tracks 2,000 small-cap companies in the United States. Inclusion in the index reflects growth in the market value for the Ellicott City-based parent of Howard Bank, said President and CEO Mary Ann Scully. "But even more important...

  • Legg Mason launches two socially minded funds

    Legg Mason launches two socially minded funds

    Legg Mason announced Tuesday that its ClearBridge Investments unit in New York has launched two new exchange-traded investment funds focused on environmental, social and governance, or ESG, issues. Both funds will be actively by ClearBridge, one of the investment advisories owned by Baltimore-based...

  • Janney Montgomery Scott will be first tenant at Stadium Square

    Janney Montgomery Scott will be first tenant at Stadium Square

    Janney Montgomery Scott has become the first tenant to sign on at Stadium Square, a development of offices, stores and apartments in South Baltimore. The financial services company plans to move into the first completed office building, at 145 W. Ostend St., by the end of the summer, developer...

How to buy investment property

There are a lot of pluses to owning rental real estate: diversifying from the usual investments of stocks and bonds; offering an alternative stream of income; and creating a potentially scalable business. But there are challenges, too — it requires capital, a time commitment and dealing with tenants....

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