Medifast relocating headquarters to Harbor East from Baltimore County

Medifast is relocating its corporate headquarters from a suburban business park tucked away in Owings Mills to one of the highest profile addresses along Baltimore’s Inner Harbor. The weight loss and healthy living services company said Monday it plans to move 160 employees to offices in the 24-story Legg Mason Tower in Harbor East by the end of the year. (Balt. Sun)

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It's official: Fox 5 to move to downtown Bethesda in 2021

Fox 5 on Monday confirmed plans to move its studio, newsroom and 200 employees into a prime location in downtown Bethesda in June 2021. The television station will occupy about 57,500 square feet of a 290-foot office tower being built at 7272 Wisconsin Ave., the former site of the Apex building. (Bethesda)

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Ravens value jumps 9 percent to $2.5 billion

The Baltimore Ravens are now worth $2.5 billion, Forbes estimates, up 9 percent from a year before. The valuation again places the franchise No. 14 among the NFL's 32 teams. Forbes estimates the Ravens were worth $2.3 billion last year, and $1.93 billion in 2015. Forbes notes the $144 million in upgrades— including new videoboards in both end zones — that continue to take place at M&T Bank Stadium. The publication projects the Ravens have $78 million in annual operating income. (Balt. Bus. Journal)

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Ted Levitt announces he's sold Chick and Ruth's in Annapolis

An Annapolis landmark for more than 50 years has a new owner. Ted Levitt, owner of Chick n' Ruth's on Main Street, announced on his personal Facebook page at 8 p.m. Monday that he has sold the business started by his parents. "After 52 years of working in my family business I thought it would be (a) good time to make a change in our life," he wrote. (Capital)

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Frederick company Triumph to eliminate nearly 100 jobs starting in December

Triumph Thermal Services in Frederick will begin laying off workers in December, in a process that’s expected to eliminate 96 jobs. The layoffs were posted on Maryland’s Worker Readjustment and Retraining Notification Act website in August, and confirmed Monday in a release from the city of Frederick. Calls to the company’s Frederick office Monday were not returned. (News-Post)

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Shake Shack coming to Montgomery County

Popular burger chain Shake Shack plans to open a restaurant in Montgomery County next year. The restaurant will open in the Cabin John Shopping Center in late 2018, Kristyn Clark, a spokeswoman for the company, said. This will be the first local outpost of the chain, which has dozens of restaurants nationally, including three in Baltimore and six in Washington, D.C. (Bethesda)

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Bel Air Auto Auction opens new Riverside facility

The Bel Air Auto Auction is in its new digs in Riverside, a 185-acre site off Philadelphia Road that gives company officials enough space to have their auction business and corporate headquarters in one location. “We are thrilled to be on one site,” Michelle Nichols-Neff, vice president of parent company BSC America, said Monday. “It’s much more efficient, so we are really tickled to be here.” (Aegis)

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September 18 // A new Inner Harbor luxury hotel, the Sagamore Pendry Baltimore, shines with history’s luster

Two minutes into my stay at the Sagamore Pendry Baltimore, I’m whispering a secret password to the bartender. “Here’s your history,” he says, splashing a healthy dollop of whiskey into my glass of ginger-infused fruit juice. Okay, okay, I admit the free cocktail is simply restitution for my room not being ready. But it does make a gal feel special. And that password is apropos — Fells Point, hon, has history galore. The Sagamore, which opened this spring at Recreation Pier, was built in 1914 at the core of this boisterous waterfront district. In its early days, many immigrants to Baltimore disembarked through “Rec Pier,” which doubled as their dance hall and social center. (Wash. Post)

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