At $1.4M, this new South Baltimore townhome would set a record

Baltimore Business Journal - Sat, Jun 23, 2018
A newly constructed townhome in South Baltimore is on the market for $1.4 million, and if sold, would be a record for houses in the Federal Hill and Riverside neighborhoods. The 4,100-square-foot home at 1417 Webster St. is located less than 1,000 feet from the water's edge. It is surrounded by walkable amenities and historic rowhomes, most of which are less than half its size. Realtor on the property, Eric Figurelle, said it is currently the highest-priced home on the market in the neighborhood,…
Categories: Baltimore News

Williams Scotsman CEO: $1B acquisition 'right deal at the right time'

Baltimore Business Journal - Fri, Jun 22, 2018
CEO Brad Soultz described the acquisition of Berwyn, Pennsylvania-based Modular Space Corp. as "compelling at every level" during a call with analysts Friday morning.
Categories: Baltimore News

Escape room experience coming to Baltimore's streets — with cash prizes

Baltimore Business Journal - Fri, Jun 22, 2018
Breakout Games is bringing the fast-paced, high-stakes backdrop of an escape room challenge out beyond its typical four-walled environment, and into the streets of Baltimore. The national escape room company is hosting a real-life scavenger hunt challenge, allowing people to search for up to $2,000 in cash that will be hidden throughout Canton and Patterson Park. The promotion is part of Breakaway Games opening a a new room experience this month called "Runaway Train" at locations in Columbia…
Categories: Baltimore News

National Aquarium competitor to break ground on $100 million expansion

Baltimore Business Journal - Fri, Jun 22, 2018
The Georgia project is anticipated to be complete by late 2020, around the same time that the National Aquarium expects to debut new floating wetlands and waterfront terraces.
Categories: Baltimore News

New East Baltimore park highlights area's ongoing redevelopment

Baltimore Business Journal - Fri, Jun 22, 2018
The 1.75-acre park in Johnston Square is located near the Old Town Mall site, where a nearly $900 million redevelopment of East Baltimore is preparing to launch.
Categories: Baltimore News

Clark Burger owner opens pizzeria at Belvedere Square Market

Baltimore Business Journal - Fri, Jun 22, 2018
Belvedere Square Market added an option for pizza lovers Friday. The Pizza Trust (motto: "In Crust We Trust") opened at 11:30 a.m. in the North Baltimore market, next to Plantbar and Mason's Lobster Rolls, General Manager Kelly Salvagno said. The new eatery offers "gourmet quick-fire pizza," according to its website, with options like "The Trust," a pie with sweet & spicy crumbled Italian sausage, caramelized shallots, green peppers and roasted red peppers, and "The Market," with roasted carrot…
Categories: Baltimore News

Renting an apartment in Baltimore, U.S., keeps getting cheaper

Baltimore Business Journal - Fri, Jun 22, 2018
As the supply of apartments continues to increase throughout Baltimore and cities across the U.S., shifts in rent prices indicate demand may be slipping. Rents have decreased each month since the beginning of 2018, according to data compiled by apartment listing website Abodo. In Baltimore, median one-bedroom rents are down to about $1,070 this month, a 0.2 percent drop from the previous month. Median rent for a one-bedroom unit in Baltimore City has slid from $1,094 since the start of the year,…
Categories: Baltimore News

Williams Scotsman to double in size with $1.1 billion acquisition of competitor

Baltimore Business Journal - Fri, Jun 22, 2018
Williams Scotsman is acquiring a privately held competitor for $1.1 billion, a deal that will more than double the company's revenue. Baltimore-based WillScot Corp., the parent of Williams Scotsman, will purchase Modular Space Holdings Inc., the parent of Berwyn, Pennsylvania-based Modular Space Corp., using a combination of cash and stock. The deal, expected to close in the third quarter, consists of $1.06 billion in cash and about 6.5 million shares of WillScot. MS Holdings will also receive warrants…
Categories: Baltimore News

Charles Village apartment building fetches $3.35 million

Baltimore Business Journal - Fri, Jun 22, 2018
The 22-unit, 48-bed building has served as student housing for Johns Hopkins University students for years.
Categories: Baltimore News

Southwest Airlines facing inquiries into safety and maintenance culture

Baltimore Business Journal - Fri, Jun 22, 2018
In the wake of Southwest Airlines' first-ever fatal airplane accident in April, the low-fare behemoth is suddenly confronting a major federal investigation and a lawsuit that could have serious ramifications as they shine a spotlight on Southwest’s safety and maintenance practices. On Wednesday, eight passengers who were aboard the fatal Southwest Flight 1380 in April filed a lawsuit in the Supreme Court of New York. Named as defendants in the lawsuit are Southwest (NYSE: LUV) and Boeing Co.…
Categories: Baltimore News

Maryland real estate broker rejects feds request for dorm space for migrant children

Baltimore Business Journal - Fri, Jun 22, 2018
A local real estate broker said he has denied the federal government's request to help locate space that could house migrant children — and urged 300 of his colleagues to do the same. Stephen J. Ferrandi said federal subcontractor Habib Konate contacted him June 15 to ask if he could help identify a Maryland property "for kids coming across the border" that could house up to 150 children. The facility needs to have showers, classrooms and playgrounds, said Ferrandi, president of SchoolBrokers…
Categories: Baltimore News

New app seeking to be the 'Rotten Tomatoes for podcasts' readies for launch

Baltimore Business Journal - Fri, Jun 22, 2018
Mark McTamney's $100,000 check this week from a Baltimore accelerator will help bring his app targeting avid podcast listeners to market. If you are a lover of podcasts — and more than 70 million people are — you have probably experienced the struggle of searching for something new to listen to. Listeners will often put out a call on Facebook or Twitter, asking friends what podcasts they like then weeding through the various recommendations. But as McTamney noticed, "there isn't really like…
Categories: Baltimore News

8 things you need to know this morning

Baltimore Business Journal - Fri, Jun 22, 2018
Good morning and TGIF! Today will be rainy and on the cooler side with temperatures in the low- to mid-70s. Things will heat up over the weekend with scattered thunderstorms expected for Saturday, and 90 degree temperatures on Sunday. Here are 8 things you need to know to start your day. Early voting in Maryland's primary election ended last night with 222,100 individuals having voted. That's 56 percent more than the early voting period in 2014 and an all-time record for early voter turnout in…
Categories: Baltimore News

Race to the finish: A look at the Democrats vying to unseat Hogan

Baltimore Business Journal - Fri, Jun 22, 2018
The winner of the June 26 Democratic primary election will take on Gov. Larry Hogan, the Republican incumbent who is the most popular governor in the U.S. and has millions of dollars in his war chest ready to be spent.
Categories: Baltimore News

Down-ballot races we're watching in the June 26 primary

Baltimore Business Journal - Fri, Jun 22, 2018
While the governor's race has grabbed the spotlight, here's some other notable races in the June 26 primary.
Categories: Baltimore News

Why Maryland was never going to lose Marriott

Baltimore Business Journal - Thu, Jun 21, 2018
When Marriott International Inc. CEO Arne Sorenson weighed where to locate the Bethesda company's new headquarters, he didn't seriously consider anywhere but home. Sorenson said he spoke with then-Virginia Gov. Terry McAuliffe, along with Washington, D.C., Mayor Muriel Bowser, but told both: "We are not going to engage in negotiations unless we've clearly decided that we might leave Maryland," he said Thursday during the groundbreaking event for the 1 million-square-foot headquarters and hotel project…
Categories: Baltimore News

Maryland could reap millions from Supreme Court ruling on sales tax

Baltimore Business Journal - Thu, Jun 21, 2018
Expect the Maryland General Assembly to act swiftly next year after the U.S. Supreme Court ruled Thursday that states can collect sales taxes from online retailers that did not previously have to pay. The Supreme Court's 5-4 decision in South Dakota v. Wayfair Inc. overturned a 1992 ruling that prevented states from imposing sales taxes on online sales and catalog companies that don't have a physical presence in the state where they make a sale. Politicians and retail industry advocates praised…
Categories: Baltimore News

Maryland Attorney General Frosh on Trump, border crisis: 'This has been a very dark time in our country'

Baltimore Business Journal - Thu, Jun 21, 2018
Maryland Attorney Brian Frosh was emotional as he described his thoughts about the separation of families attempting to enter the United States illegally. "This has been a very dark time in our country," Frosh told a room of business leaders at a Greater Baltimore Committee breakfast event on Thursday. He said he could not "think of anything worse" than the "zero-tolerance" policy enacted by President Donald Trump's administration that led to children being taken away from their parents at the U.S.-Mexico…
Categories: Baltimore News

Water taxi's free rides are part of broader strategy to boost local ridership

Baltimore Business Journal - Thu, Jun 21, 2018
A Baltimore Water Taxi promotion offering free rides Thursday is part of a push to get more locals to use the transportation service. While the boats are popular with tourists, the company wants to boost ridership among residents commuting to and from work, exploring the city on weekends or heading to happy hour, said Stacy Steinberg, Baltimore Water Taxi's director of sales and marketing. Some 150,000 people used the water taxi in 2017, though a breakdown of how many of these riders were tourists…
Categories: Baltimore News

Outgoing Maryland PSC chair says renewable energy efforts will continue

Baltimore Business Journal - Thu, Jun 21, 2018
W. Kevin Hughes will depart from Maryland's Public Service Commission when his term ends on June 30.
Categories: Baltimore News

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