Property values across Maryland have risen an average of nearly 9% over the last three years, according to the latest round of state assessments. Values increased in all 23 Maryland counties and Baltimore City by an average of 8.9%, representing an average increase of 7.3% for residential properties and 13.5% for commercial properties. The Maryland State Department of Assessments and Taxation, which released the numbers earlier this week, splits the state’s properties into three groups, evaluating…
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What’s all that movement going on at the former Morris A. Mechanic Theatre site? Baltimore’s former cultural hub sits on just over an acre in the middle of the central business district. It has been a pile of rubble and trash for about five years, prompting some critics to challenge developer Howard Brown to “put up or shut up” with a plan to build two residential towers there. So far, there has been scant action to redevelop the site. For several weeks, heavy machinery was dispatched to level…
In 2020, 10,000 baby boomers each day will celebrate their 65th birthdays, according to Pew Research Center population data. With wave after wave of boomers hitting retirement’s shores, the big story for the professional services industry will be one of transition. With aging ownership in professional service firms, Matthew Roberson, a director with SC&H Capital says he was unsurprised to see certain sectors experience historically unprecedented mergers and acquisitions activity in 2018, with…
Firms need to monitor Washington’s pulse and anticipate government spending priorities before the budget ink dries, but future priorities can be opaque in an election year. The past four years have seen increases in defense spending, and “civilian programs have not been as well funded,” says Greg Hogan, a director with SC&H Capital. That may change come election day, but there are trends that are likely to continue no matter what political winds prevail. Cybersecurity will continue to rise…
Good morning Baltimore and Happy New Year! I always love the start of a new year, there’s a lot of positivity, hope and of course — dragging yourself to the gym. I’ll see you soon, free weights. Today will be partly sunny with temperatures in the low 50s. We may also see some rain tonight. Here’s 8 things to know as we kick off 2020. A new law took effect in Baltimore yesterday that bans the use of non-disparagement agreements known as gag orders. An effort to restrict the city from offering…
Baltimore area bankruptcy courts recorded two business filings during the week that ended Dec. 27. Year-to-date through Dec. 27, the court recorded 63 Chapter 7 or Chapter 11 business bankruptcy filings, an 11% increase from the same span the prior year. Chapter 7 bankruptcy protection typically provides for the liquidation of a business’ assets to satisfy creditor claims, while Chapter 11 protection enables a business to restructure its creditor obligations with the goal to remain a going concern. Cannon's…
For commercial aviation, the 2010s was a decade defined by consolidation and airlines finding rare financial footing. The BBJ’s sister publication, the Dallas Business Journal, asked industry experts for their thoughts on how commercial aviation will be different on Jan. 1, 2030, compared to today: “We only see one potential good airline starting up in the next decade, and that’s David Neeleman (JetBlue founder) with Moxy. It will be interesting to see what he does. When he started up JetBlue,…
