investments
- Brown establishes a new office in Austin through acquisition of Blackhaw Wealth Management
- Vehicles will soon start rolling off ships at the former Sparrows Point steel mill in Baltimore County.
- Sparrows Point Terminal, the Hanover-based firm that owns the site of the former steel mill, has changed its name to Tradepoint Atlantic, a move the company hopes will enhance its global appeal but that evokes feelings of loss.
- The developers of the old steel mill at Sparrows Point have rebranded their project as "Tradepoint Atlantic" in hopes of appealing to international companies.
- Carlyle Development Group, the New York firm that recently purchased 100 S. Charles Street for $45 million, has a new name for the complex: Pratt Plaza, and never you mind its official address.
- Six lawyers who make regular appearances before the Harford County Liquor Control Board say changes are needed in the board's resident licensee rules, paperwork and personal appearance requirements and in the current setback laws regarding licensed alcoholic beverage establishments and schools.
- Sunny days can mean many different things: vacations, open pools, outdoor festivals and fairs. For the many new users of solar panels in Harford County, though, the summer sun also means their investment in "greener" energy is paying off.
- Residents who have lived one of Baltimore's many "food deserts" will soon have more access to fresh meats and produce as the city's largest grocery store opens in Howard Park Thursday.
- Maryland uses incarceration and residential placement for youth too much. But there are solutions.
- Maryland's future requires nurturing promising technology start-ups
- The best state in the nation for innovation and entrepreneurship three years in a row is Maryland. This is according to the U.S. Chamber of Commerce (hardly a mouthpiece for the Maryland Democratic Party), which also ranks Maryland No. 1 for STEM employment and No. 3 for our "Talent Pipeline."
- Montana-based financial services firm Davidson Companies said Tuesday its investment unit will open an office in downtown Baltimore focused on real estate, with the hope of creating a base from which to expand the company's East Coast presence.
- The owner of the Sparrows Point steel mill could be selling a "significant percentage" of its stake in the property to local buyers, raising hopes for its eventual redevelopment.
- Instead of clearing title, promoting reinvestment, and furthering productive reuse, the speculation in the tax sale system furthers a vicious cycle of vacancy and abandonment. These vacant, abandoned properties become harbingers of crime, fire, trash and further disinvestment.
- The chief investment officer and chairman of T. Rowe Price will step down next year as portfolio manager of one of the company¿s biggest investment funds.
- City officials said the owners of Harborplace are moving closer to performing improvements on the signature Inner Harbor properties, which have faded since their celebrated opening more than 30 years ago into a collection of stores dominated by chain restaurants, souvenir sellers and vendors of cold desserts.
- Varsity Healthcare Partners announced today it had acquired Katzen Eye Group, started as a one-doctor operation in Baltimore in 1968, and will form a new national eye doctor group called EyeCare Services Partners Holdings LLC.
- The CEO of a Hunt Valley-based real estate investment trust, which has a porfolio of skilled nursing and assisted living facilities across the U.S., was awarded $7.3 million in compensation for 2013, a year that the firm's returns placed it among the top performing REITs in the country.
- A bankruptcy judge had approved First Mariner Bancorp's request last month to sell its bank as part of the parent company's bankruptcy filing. Bids for the Baltimore-based bank, which is not part of the bankruptcy, were due Monday by 4 p.m.
- Harford County has joined with the Cities of Aberdeen and Havre de Grace and the Town of Bel Air to consider the formation of a Regional Water Authority.
- Mayor Stephanie Rawlings-Blake will unveil a nearly $2.5 billion budget Wednesday that would not cut Baltimore services for the first time since before the recession and would give city employees a cost-of-living raise.
- A Baltimore-based private real estate company acquired the troubled Eastpoint Mall last month for $33.4 million, only slightly more than the 68-acre property fetched at foreclosure auction in 2012.
- Legg Mason Inc. has agreed to acquire QS Investors, a New York-based investment firm with $4.1 billion in assets under management and nearly $100 billion in assets under advisory.
- The owners of the Holiday Inn Express on Russell Street, as well as other businesses in the area, said they are betting on the Horseshoe casino to put Carroll-Camden on the map, and hope it will bring spillover economic development to the largely industrial zone.
- Jane W. Dickinson, a retired executive secretary and community activist, died Feb. 13 from complications of a stroke at Blakehurst Retirement Community in Towson. She was 94.
- Business leaders are investing in education in Baltimore, and not just out of charity, or to "give back." While both are worthy purposes, our business leaders recognize the bottom line value in a growing and diverse Baltimore economy. Investment in education will make that a reality. Various levels of government are reciprocating, and the legislative session and upcoming gubernatorial race offer a perfect time to take that work to the next level
- 1st Mariner Bank will be sold to a group of investors who will recapitalize it with about $100 million to meet regulatory standards, its parent company said Monday.
- The real estate investment trust, which caters to government and defense-related tenants, saw earnings per share hit 94 cents for the three months ended Dec. 31, compared to 16 cents during the same period in 2012.
- The following is the text of Harford County Executive David Craig's State of the County Address delivered to the Harford County Council on Feb. 4, 2014:
- Outgoing Federal Reserve chairman helped rescue his country from a second economic depression
- A 1.2 million-square-foot warehouse in Cecil County leased to Restoration Hardware sold last month between $74 and $75 million, the latest sign of strength in the area's industrial market, Cushman & Wakefield of Maryland said Monday.
- The banner year for the stock market brought good news to Baltimore money management firms, with leaders pointing to a rising tide that buoyed their funds and their companies' prospects.
- Interview with James D. Hardesty, chairman of Hardesty Capital Management and former classmate of Bill Clinton
- Investors are hoping to breathe new life into Jos. A. Bank Clothiers Inc.'s failed $2.3 billion bid for Men's Wearhouse Inc., pressuring other investors to join a campaign to re-start merger talks.
- Baltimore officials unveiled a great plan to revitalize the city's best known public space; now all it needs is for the private sector to step up with funding.
- Mayor Rawlings-Blake has made a commitment to grow Baltimore by 10,000 families in the next decade. Vacants to Value supports that goal by preserving and enhancing our city through a series of transformations that attract new residents and businesses.
- A Baltimore law firm said Monday that it filed a shareholder lawsuit against Cole Real Estate Investments Inc., claiming that the Phoenix-based company agreed to sell itself for less than it was worth.
- Mayor Rawlings-Blake has made a commitment to grow Baltimore by 10,000 families in the next decade. Vacants to Value supports that goal by preserving and enhancing our city through a series of transformations that attract new residents and businesses.
- Fidelity & Guaranty Life Insurance Co., a presence in Baltimore since its founding 54 years ago, will be moving its headquarters to Des Moines, Iowa — another disappointment for the city that has seen a loss of corporations based here.
- When Osiris Therapeutics disclosed an agreement last week resolving concerns from federal regulators, the Columbia biotech firm pitched it as a win. Some news stories — and at least one Wall Street analyst team — described the U.S. Food and Drug Administration agreement entirely differently.
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- The Maryland governor's race has brought a welcome focus to the need to expand early childhood education.