Under Armour Inc. “learned a lot of lessons” in 2017 that CEO Kevin Plank said Wednesday will help the sportswear maker make a comeback and turn itself around. Appearing in an interview with high-energy CNBC analyst Jim Cramer, Plank said Baltimore-based Under Armour’s entire organization remains “focused as a business and we’re confident in what we’re doing.” He also said the company is also “the best at getting better.” Under Armour (NYSE: UAA) was a Wall Street darling for years with its fast-paced…
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The Naval Academy and Baltimore Orioles are partnering on several joint events, a deal struck after a multi-year exhibition game agreement between Navy and the Washington Nationals dissolved last year over territorial issues. Under the agreement, the Orioles will host an Army vs. Navy doubleheader at Camden Yards on March 25 as well as a “Navy Day” for midshipmen in August. The Orioles will also travel to Annapolis for an exhibition game against another MLB team in March 2019, and will host…
Johns Hopkins Bayview Medical Center has laid out a $469 million renovation and construction plan to help the hospital modernize its over 80-year-old facilities and keep up with regional competitors. Bayview recently filed a certificate of need with the state’s Medical Health Care Commission, seeking approval for the new project. The documents outlined plans to make renovations to two existing hospital buildings and add an entirely new seven-level inpatient building, complete with four large new…
Ray Lewis’s estate is Reisterstown is back on the market — for 36 percent less than the original asking price last year. The future NFL Hall of Famer, set to be inducted into the Canton, Ohio professional football shrine this summer, is now asking $1,888,520 for the 28-acre, 6,600-square-foot home on rural Tufton Avenue in the Worthington Valley. State records show Lewis, 42, purchased the estate for $1.95 million in 2003. It was built in 1981. The estate was originally listed for $2.95 million…
The ongoing quest to redevelop the historic Mayfair Theatre downtown has taken a new twist. Another request for proposals to re-do the 114-year-old city-owned property was released Wednesday by the Baltimore Development Corp. It is the latest effort over the past decade that seeks to convert the property into a new, updated use. The aged theater at 300-304 W. Franklin St. is located in the Bromo Tower Arts & Entertainment District. The RFP seeks a mixed-use project with “ground-level uses that…
An auction for Canton’s Fork & Wrench was called off Wednesday after no registered bidders materialized. Though about a half dozen people showed up to tour the restaurant and watch the auction, no one brought the $25,000 deposit required to join in on the bidding, auctioneer Adam Shpritz said. Ashland Auction Group announced last month that the three-story, 5,252-square foot “boutique dive bar,” along with its liquor license, furniture and equipment, would hit the market as owners Jason Sanchez…
An Amazon headquarters in Maryland would pump $7.7 billion in wages into the economy and deliver more than $750 million in new tax revenues to state and Montgomery County coffers, according to a study released hours before the General Assembly was to host its first hearings on a $5 billion HQ2 incentive package. Baltimore economist Anirban Basu’s Sage Policy Group produced the 12-page report on the “economic and fiscal benefits” of a potential Amazon (NASDAQ: AMZN) HQ2 on behalf of the Maryland…
Selecting this year’s finalists for the Baltimore Business Journal’s 2018 Best in Real Estate Awards was a challenge. There were so many impressive deals, projects and leases that in order to select the very best of 2017 we decided to switch up the categories we initially put forth while sourcing nominations from our readers. Instead of the planned seven categories, we’ve increased that count to nine by adding ‘hospitality’ and by splitting up 'apartment project’ into 'city apartment/condo projects'…
University of Maryland St. Joseph Medical Center will spend about $60 million to renovate and construct about 87,000 square feet of lab, operating room and other hospital spaces if it gets the state’s OK to move ahead. According to certificate of need documents recently filed with the state’s Maryland Health Care Commission, the Towson hospital wants to “replace and consolidate” several of its current facilities, including “outdated operating rooms, cardiac catheterization labs,” and other support…