ARINC's sale raises questions, optimism

The $1.39 billion sale of ARINC Inc. ends three years of speculation on the company’s new owners, but also raises questions about the company’s future in Annapolis. Rockwell Collins Inc., an Iowa-based manufacturer of aerospace electronic systems, announced it had purchased ARINC on Sunday. (Capital)

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Owings Mills developer and partner to build more than 1,250 apartments

Chesapeake Realty Partners of Owings Mills said it has partnered with Bernstein Management Corp. in Washington to build six apartment communities in Maryland, Virginia and Washington. The $250 million project calls for the construction of four apartment communities in Maryland. Those include 153 lofts at 2 E. Wells St., in Baltimore; 295 units in Towson; 124 apartments in Silver Spring; and a 320-apartment complex Columbia. (Balt. Sun)

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Lakeforest Mall to get $1.2 million in improvements

Lakeforest Mall in Gaithersburg is getting a $1.2 million makeover with improvements over the next few months, including a renovated children’s play area, new food court seating and a reconfiguration of the center court area. (Gazette)

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Propel Baltimore invests in startups SocialToaster, Woofound

Two Baltimore startups each received $200,000 from the Propel Baltimore Fund. The fund, backed by the Maryland Technology Development Corp., The Abell Foundation and the France-Merrick Foundation, recently invested $200,000 in SocialToaster Inc. and in Woofound Inc. The Propel Baltimore investments are part of larger fundraising rounds for both companies. (Balt. Bus. Journal)

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Target to hold job fair to hire for new Baltimore store

Target plans to hold a job fair this week to hire about 200 workers for its new store in Baltimore. The job fair will be held 11 a.m. to 7 p.m. on Thursday and Friday and 9 a.m. to 5 p.m. on Saturday at the Best Western, 5625 O'Donnell St. People can apply in advance online at Target.com/careers. (Balt. Sun)

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Otakon to leave city, prompting expansion talk

Concern is mounting tonight over Baltimore's economic future when it comes to tourism, and it all started with this week's Otakon Convention. Event organizers said the convention center downtown is in such bad shape that they're taking their business out of Baltimore to Washington, D.C. (WBAL-TV)

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August 12 // Thousands of Marylanders are losing homes in second wave of foreclosures

Maryland is getting a second dose of the housing crisis — a sequel that foreclosure experts and state officials knew was coming but no one wanted to see. Between January and June, Maryland went from having one of the lowest foreclosure rates in the nation to the third highest as banks worked their way through a backlog of delinquent loans, created in part by the state’s long foreclosure process. (Wash. Post)

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New Potomac Edison president overseeing many projects

Potomac Edison, like many companies, is seeing business pick up after the recession. “We saw a big reduction in 2008, but now it is starting to go up,” said James A. Sears Jr., who took over as president of Potomac Edison a few months ago. The increased business is primarily residential, Sears said. (News-Post)

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