Here’s who will build the new Air Force One hangar at Joint Base Andrews

Baltimore Business Journal - 8 hours 43 min ago
Clark Construction has been awarded a contract potentially worth $315.5 million to build a new hangar in Prince George’s County for the new Air Force One. The project is expected to be completed by April 2022 and is needed because the current facility at Joint Base Andrews isn’t big enough to accommodate the modified Boeing 747-8 commercial airliner, which must operate as a flying White House. That includes 4,000 square feet of interior floor space, advanced communications systems and the ability…
Categories: Baltimore News

Here's how much Amazon will pay in rent at National Landing

Baltimore Business Journal - 10 hours 8 min ago
Amazon.com Inc. (NASDAQ: AMZN) will pay about $35 per square foot in rent for its initial leased space in Crystal City, about $2 below average asking rents in the Arlington County submarket, its future landlord disclosed Thursday. JBG Smith Properties (NYSE: JBGS) revealed the net effective rental rate and other financial details of the deal with Amazon in an investor presentation filed with the Securities and Exchange Commission. In the disclosure, JBG Smith CEO Matt Kelly said the Seattle-based…
Categories: Baltimore News

Here's what an ambitious overhaul of Pimlico might look like

Baltimore Business Journal - 10 hours 10 min ago
A 73-page report issued by the Maryland Stadium Authority says the project could begin in 2021.
Categories: Baltimore News

Baltimore among cities with highest physician job, pay growth this year

Baltimore Business Journal - 10 hours 48 min ago
Baltimore is one of the five metropolitan areas that demonstrated the highest demand for doctors in 2018.
Categories: Baltimore News

Opening of Under Armour's Fifth Avenue New York store delayed until 2021

Baltimore Business Journal - 11 hours 20 min ago
Under Armour Inc. still plans to open a flagship store on Fifth Avenue in New York but has significantly pushed back the timeline. CFO David Bergman said at the sportswear maker's investor day on Wednesday that Under Armour plans to take possession of the 53,000-square-foot space on the first floor of the General Motors building in the first half of 2020. He said Under Armour expects to open its store in the first half of 2021. The "pinnacle brand expression store," as Bergman described it, will…
Categories: Baltimore News

Daniel Snyder is making a move for a new stadium. Here's how the newest NFL venues stack up.

Baltimore Business Journal - 11 hours 35 min ago
The Washington Redskins appear to be in the middle of a tug of war between Washington, D.C., and Maryland to determine which jurisdiction lands the team’s future stadium. Owner Daniel Snyder is working with local and federal lawmakers to establish a new stadium on the 190-acre RFK Stadium campus in the District. Meanwhile, Maryland Gov. Larry Hogan said the state signed a memorandum of understanding with the Department of Interior last year to give the state control of the 300-acre Oxon Cove Park…
Categories: Baltimore News

Gross Mendelsohn packing up to leave downtown after 40 years

Baltimore Business Journal - 12 hours 28 min ago
The accounting firm has been at 36 S. Charles St. for more than four decades.
Categories: Baltimore News

MoCo to relocate more than 900 employees to $152M Wheaton HQ by 2020

Baltimore Business Journal - 12 hours 30 min ago
More than 900 Montgomery County staffers will be moved from older offices scattered around the county into a new $152 million headquarters facility in Wheaton by summer 2020. The move is part of an effort to create fresh digs for several county agencies currently located in Silver Spring, Rockville and Wheaton, and to create a central town square that will enliven the area around the Wheaton Metro station. Montgomery County is the master developer of the new 14-story, Class A building at 2425…
Categories: Baltimore News

Land of opportunity (zones): Can a new federal program bring investment to neglected Baltimore neighborhoods?

Baltimore Business Journal - 12 hours 51 min ago
"We have hopes and dreams," said Pastor Donte L. Hickman Sr. about the Broadway East neighborhood where his church is located. "And the opportunity zones are an answer to our prayers."
Categories: Baltimore News

8 things you need to know this morning

Baltimore Business Journal - 15 hours 51 min ago
Happy Thursday! Ever notice that temperatures in the 40s start feeling warm after you've experienced the 30s? Well, it's going to get even warmer as we head into the weekend with rain (of course) and temps in the 50s. Accuweather.com Here's what else you need to know to get your day going. Sprinkling Old Bay seasoning on your food is about as Maryland as you can get. Now McCormick & Co. Inc. is working to protect that name from a competitor who is selling a seasoning blend called "New Bae."…
Categories: Baltimore News

From retirement to debt management, here's how different generations approach financial planning

Baltimore Business Journal - 15 hours 55 min ago
We talked to three certified financial planners in Greater Baltimore about how millennials, Generation X and Baby Boomers manage their money.
Categories: Baltimore News

Study suggests razing, rebuilding Pimlico Race Course for $424M

Baltimore Business Journal - Wed, Dec 12, 2018
Keeping the Preakness Stakes in Baltimore may require razing Pimlico Race Course, a new Maryland Stadium Authority study scheduled to be unveiled Thursday suggests. A summary of the findings released Wednesday recommends demolishing all existing structures on the Northwest Baltimore site — including the tracks, infield, grandstand, clubhouse and equestrian barns — and rebuilding some of them, along with other, non-racing-related amenities that can be used all year long. The study estimates…
Categories: Baltimore News

Nike to open high-tech store model in Columbia's Merriweather District

Baltimore Business Journal - Wed, Dec 12, 2018
Next up for the newly minted Merriweather District in downtown Columbia? A high-tech Nike store modeled on the brand’s newest "innovation house"-type outposts. Nike (NYSE: NKE) has signed a lease for 12,000 square feet in One Merriweather, a new office building in downtown Columbia, the Washington Business Journal has learned. It will join tenants that owner Howard Hughes Corp. (NYSE: HHC) has been lining up for the project, including MedStar Health and Pearson PLC. Elsewhere in the downtown…
Categories: Baltimore News

Under Armour's investor day leaves Wall Street skeptical. Here are 5 takeaways.

Baltimore Business Journal - Wed, Dec 12, 2018
Instead of making big projections, the 23 executives who spoke to analysts at Under Armour's offices in Baltimore repeatedly talked about "controlled growth" and ensuring repeatable results.
Categories: Baltimore News

Morgan State University lays out priorities for next 5 years

Baltimore Business Journal - Wed, Dec 12, 2018
Morgan State University's goals over the next five years include hitting a 50 percent graduation rate and winning more sporting championships. At the start of this academic year, Morgan State's President David Wilson noted several goals for the fiscal year that included the complete renovation of a campus research center, the successful conclusion of the school's $250 million fundraising campaign, the start of the Northwood shopping center redevelopment and a long-term plan to address student…
Categories: Baltimore News

Baltimore tourism improvement district proposal delayed by City Council

Baltimore Business Journal - Wed, Dec 12, 2018
A proposal to create a tourism improvement district in Baltimore is headed back to committee after nearing final passage by the full City Council. Council Bill 18-0293 was sent back to the taxation, finance and economic development committee at the request of Councilwoman Sharon Green Middleton Dec. 3. The bill had advanced to third reader and was poised for final passage before being pulled back.  Baltimore African American Tourism Council founder Lou Fields said the move came after he shared…
Categories: Baltimore News

Baltimore's $20 million affordable housing fund becomes official

Baltimore Business Journal - Wed, Dec 12, 2018
The city's renewed push for development of more affordable housing units took a giant step forward Wednesday. An 11-member commission was appointed to oversee the effort by Mayor Catherine Pugh, who established a $20 million affordable housing trust fund Wednesday by signing a law passed recently by the City Council. "We want to make sure we have housing for anyone who lives in this city," Pugh said. "This is a path to lifting most of our city residents." The commission includes private developer…
Categories: Baltimore News

MasterPeace Solutions spinoff wants to 'make sure your Sleep Number bed isn't talking to China'

Baltimore Business Journal - Wed, Dec 12, 2018
Kevin Yeich wants to be able to check what all the devices on his home network are doing, and if any pose a threat. His new company is developing tech that does that.
Categories: Baltimore News

Baltimore County Exec Olszewski calls on GM to reconsider closing plant

Baltimore Business Journal - Wed, Dec 12, 2018
Baltimore County Executive John Olszewski Jr. is calling on General Motors Co. to reverse its decision to idle its White Marsh transmission plant and lay off 300 employees. GM's White Marsh plant is one of five closures in North America set to take place in 2019 as the company looks to restructure. The planned restructuring — expected to save the automaker $6 billion — has been highly criticized by local and national politicians. Gov. Larry Hogan said he would fight to keep the plant and its…
Categories: Baltimore News

Maryland agency moving to former McCormick building in Hunt Valley

Baltimore Business Journal - Wed, Dec 12, 2018
A joint venture involving Caves Valley Partners acquired the four-story, 128,000-square-foot building from McCormick last month for $11 million.
Categories: Baltimore News

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