Four-property Maryland apartment portfolio acquired for $277.5 million

Morgan Properties has acquired a portfolio of apartment buildings in Baltimore and Prince George’s counties for $277.5 million. The Philadelphia-area real estate investment and management firm bought the four apartment communities from the Rockpoint Group. The four properties have a total of 2,729 apartment and townhouse units: Gwynn Oaks in Woodlawn, Carriage Hill in Randallstown,Charlesmont in Dundalk and Princeton Estates in Temple Hills. (Balt. Sun)

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Hagerstown-Washington County CVB leader: Sale of Suns pending

The president of the Hagerstown-Washington County Convention and Visitors Bureau said this week that a sale of the Hagerstown Suns is pending and that the minor league baseball team could be sold as early as February. Dan Spedden made the comment Tuesday afternoon during a Hagerstown City Council work session. (Herald-Mail)

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New Clarksville restaurant Food Plenty to open over the holidays

Food Plenty, the latest restaurant from Howard County's Victoria Restaurant Group, will open in Clarksville over the week between Christmas and New Year's. The official opening will be announced on social media the day of the launch, owner Randy Marriner told the Baltimore Business Journal this week. The eatery, which plans to focus on farm-to-table comfort food, has been in the works for more than two years. (Balt. Bus. Journal)

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Columbia-based ADG Creative will be acquired by Chenega Corp.

ADG Creative, a Columbia-based communications and marketing firm, said Wednesday it has agreed to be acquired by Alaska-based Chenega Corp., an Alaska Native Corporation, and will join Chenega’s portfolio of professional services organizations. ADG Creative serves commercial clients as well as agencies such as the Department of Defense. Chenega has been awarded more than 250 federal contracts and has clients in areas such as security, environmental, health care, data sciences and professional services. (Balt. Sun)

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December 13 // Maryland State Fair & Agricultural Society names first female board president

The Maryland State Fair & Agricultural Society, Inc. has elected its first female board of directors president in its 139-year history. Donna G. Myers, a Carroll County dairy farmer, has served on board committees for the agricultural society for 17 years and most recently was the board’s treasurer. As president, Myers will work with the board and staff to ensure the 137th Maryland State Fair is a “must-see event for all Marylanders,” she said. “The Maryland State Fair is unique in that it offers diverse opportunities for all members of families, both young and old,” Myers said in a statement. (Balt. Sun)

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Under Armour's second-largest shareholder behind Kevin Plank ups its stake

Under Armour Inc.'s largest outside investor has taken a bigger piece of the pie. Mutual funds managed by financial giant Vanguard Group now hold a 10 percent stake in Baltimore-based Under Armour. The Malvern, Pennsylvania-based firm owns 18.5 million Under Armour shares as of Nov. 30, up from 16.9 million as of April 13, according to federal filings. Under Armour shares were down 1.4 percent in trading Monday afternoon to $13.44. At that price, Vanguard's stake in the sportswear maker is worth $248.9 million. Of Vanguard's stake, only 285,237 shares have voting power. (Wash. Bus. Journal)

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Williams Scotsman pays $235M for Towson firm in first deal since going public

Less than two weeks after returning to public trading, Williams Scotsman is acquiring a rival Baltimore company. WillScot Corp., the holding company for Baltimore-based Williams Scotsman, has agreed to purchase Towson-based Acton Mobile from Prophet Equity for $235 million. The all-cash deal is expected to close by the year's end. Williams Scotsman, a manufacturer of portable classrooms, mobile offices and storage units became a public company for the second time after completing its $1.1 billion sale to Double Eagle Acquisition Corp. on Nov. 29. (Balt. Bus. Journal)

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Baltimore County gun shops weather a changing climate on firearms

Much has changed in the 60 years since Clyde Blamberg’s late father, also named Clyde, opened Clyde’s Sport Shop in Lansdowne, selling worms to fishermen from a roadside stand before building a small store. There are not as many “hardcore fishermen,” said Blamberg, who took over the shop alongside his brother William “Bill” Blamberg after their father’s death in the 1980s. Hunting grounds are diminishing, and “there’s not as many people getting outside as we would like,” he said. The 77-year-old Blamberg said one thing, however, is still the same: the demand for firearms. (Balt. Sun)

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