Baltimore home prices drop in October, but remain historically high

The median sale price for homes in the Baltimore region dropped $10,100 from September to October and remained unchanged from a year ago. October’s median sales price of $259,900 marks the third month of dipping prices after a sustained rise that peaked in June at $285,000, according to data provided by MarketStats by ShowingTime based on listing activity from Bright MLS, the region’s multiple listing service. Nonetheless, prices remain historically high. Prices in the region remain well above the five-year average of $249,380 and the 10-year average of $240,555. (Balt. Sun)

Read Full Article

J.P. Morgan opens office of its exclusive Private Bank in Baltimore

The House of Morgan has arrived in Baltimore. JPMorgan Chase announced Tuesday that it is opening an office of its Private Bank in Baltimore’s Harbor East. The J.P. Morgan Private Bank focuses exclusively on serving high net worth customers with an array of banking and wealth management services. The office in the Legg Mason building is J.P. Morgan’s first in Baltimore. It’s part of a larger expansion by the private bank to open 20 new offices across the country by 2022. (Balt. Sun)

Read Full Article

Hospital conversion trend fits Maryland’s health goals

The decision by three Maryland hospitals to close and convert to a smaller medical center fits with the state’s health goals and comes at a critical time for hospitals with aging infrastructure and dwindling admissions. “I think something to watch is the move nationally and in Maryland toward some more value-based payment system puts a lot of focus on population health and preventive care and keeping people out of the hospital that don’t need to be there,” said Robert Chrencik, president and CEO of the University of Maryland Medical System. “These FMFs just fit hand in glove.” (Daily Record)

Read Full Article

Baltimore Marriott Waterfront starts $5 million guest room overhaul

A $5 million renovation project underway at the Baltimore Marriott Waterfront Hotel will completely remake the hotel's more than 750 rooms as supply in the local hospitality market continues to grow. The project will entail a complete gutting of the rooms, "wall to wall, top to bottom," said Julie Codus, director of sales and marketing for the hotel at 700 Aliceanna St. in Harbor East. (Balt. Bus. Journal)

Read Full Article

November 13 // Facebook trains small businesses in Baltimore

Facebook brought its small business training event, Community Boost, to Baltimore Monday, the 46th stop on a 50-city tour. In addition to this week’s training, Facebook also announced that it would be working with Baltimore City Community College to create a digital marketing certificate program and would provide a grant to the city’s Small Business Resource Center. “The framework and the general ethos is all the same,” Ash Jhaveri, Facebook’s vice president for business development said. “It’s about how do we help people who are not digitally as literate as they want to be, or should be, get online and get the skills to get what they need.." (Daily Record)

Read Full Article

Domino Sugar expands in Howard County with huge warehouse lease

Domino Sugar is expanding into Howard County. The company is moving into 305,769 square feet of warehouse space once owned and occupied by Giant Food in Jessup, Maryland. American Sugar Refining Inc., or ASR, the parent company of Domino, signed the lease for the space this month and will begin to move in immediately, said Ben Meisels, managing director for JLL. JLL brokered the deal for warehouse owners Manekin Corp. and AEW Capital Management. (Wash. Bus. Journal)

Read Full Article

Spirit Airlines adds BWI-to-Jacksonville route

Spirit Airlines will begin service in February from Baltimore/Washington International Thurgood Marshall Airport to Jacksonville, Florida. The route is part of Spirit's entry at Jacksonville International Airport, which will begin in December with nonstop flights to Chicago O'Hare International Airport and Detroit Metro Airport. The daily nonstop flights from BWI to Jacksonville will begin on Feb. 14. Jacksonville is Spirit's 69th airport, and its fifth in Florida. (Balt. Bus. Journal)

Read Full Article

The Urban Oyster is opening a restaurant in Locust Point

The Urban Oyster, a seafood vendor that got its start selling char-grilled oysters at local farmers’ markets, is opening a restaurant at McHenry Row. Owner Jasmine Norton plans to open the fast-casual eatery in early 2019 in part of the space that previously housed Ruby 8 Noodles & Sushi. The Urban Oyster will maintain its presence at farmers markets in Hampden and downtown after the restaurant opens, and Norton said she’s also pursuing a food truck. The brick-and-mortar space will provide a commissary kitchen to support the mobile stands, as well as a permanent destination for customers who might avoid outdoor markets during unfavorable weather. (Balt. Sun)

Read Full Article