Spec suites, also known as “ready-to-move” office spaces, are one of the most common trends in commercial real estate leasing. Landlords are now spending money up front to build a turn-key office ready for move-in “as-is.” These pre-built spaces typically include the basic features of your every-day office: kitchens, conference rooms, reception areas, etc. Many businesses searching for office space are beginning to prefer this model because they are able to more quickly get into their desired…
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Brian Corbett, director of business operations at the Maryland Technology Development Corp., better known as TEDCO, has resigned from the organization, becoming the latest in a string of executives to leave the state-backed investment fund. “Brian expressed his interest to move on to other opportunities and resigned from his role as Director of Business Operations – Investments with the Maryland Venture Fund at TEDCO, effective October 8, 2019. I thank him for his contributions and wish him…
A new report filed this month with the Baltimore City Circuit Court showed that while Harborplace was deemed in “operable” condition, the retail hub was one-third vacant in July and August.
New Points community was founded by Tom Burden, retired president of TBC in Baltimore, who has been sober himself for about four years.
This year might have been a rough one for the Baltimore Orioles, but they didn’t finish last when it comes to home-game attendance. The team saw its attendance numbers drop by more than 16% this year to 1.3 million spectators — the lowest season attendance in the 27-year history of Oriole Park at Camden Yards, and worst for the Orioles since 1978. The club finished the 2019 season last in the American League East with a 54-108 record, losing its final game to the Boston Red Sox Sunday. Still,…
T. Rowe Price CEO William J. Stromberg and other business leaders met with Mayor Bernard C. “Jack” Young at City Hall on Monday to discuss strategies for getting the “squeegee kids” off the streets. The controversy over the young boys who roam downtown Baltimore’s streets seeking cash in return for cleaning windshields, has reached new heights in recent weeks after a group of high-powered business leaders voiced their concerns in a letter to the mayor. They met with Young for what T. Rowe Price…
Guinness is kicking off its second year in Baltimore County with a nationwide release. The Relay brewery, which marked its first anniversary in August, will send Over the Moon milk stout to stores across the country in November. Taproom regulars will be familiar with the brew, which was called “Guinness milk stout” before brewery officials decided to can the beer and release it to a wider public. Over the Moon, packaged in light-blue cans with a cartoon moon inspired by art from the brand’s 1930s-…
The U.S. housing market rebounded in August with a surge in existing home sales and building permits to add new inventory. Too bad the acceleration stopped just short of America’s wealthiest neighborhoods. A Business Journals analysis of nearly 16,000 U.S. housing markets highlighted value increases across a broad swath of the country, with some 80% of ZIP codes seeing year-over-year appreciation through the end of August. The uptick followed a disappointing spring that dragged through July as buyer…
Incoming Wells Fargo & Co. (NYSE: WFC) CEO Charles Scharf has a long road ahead to fix the bank’s regulatory woes, stemming from a scandal where up to 3.5 million unauthorized accounts were uncovered in late 2016, but he remains bullish on the outcome of that work. Although he doesn’t discount the company’s issues, Scharf seemed confident in the bones of each line of business. “The franchises are extraordinary, and the performance of the company over a long period of time was exceptional. That…