Under Armour shakes up C-suite, creates new chief experience position

Under Armour Inc. is making some changes to its C-suite, moves new CEO Patrik Frisk says will help the company run more efficiently. Colin Browne, currently chief supply chain officer, will become chief operating officer. Browne is filling the role Frisk used to have before he succeeded Kevin Plank as CEO of Baltimore-based Under Armour at the beginning of the year. (Balt. Bus. Journal)

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Dunbar Armored may be gone but two related businesses are still growing

The Dunbar name might not be on those armored cars anymore, but the Dunbar family is definitely still in business in Greater Baltimore. Two years after Kevin Dunbar sold the storied Dunbar Armored Inc. to rival Brink's Co. for $520 million, he has become the sole owner of two other Dunbar security companies, Dunbar Security Solutions and Dunbar Security. He bought out other family members with plans to grow both companies. Combined, the businesses employ 320 people in the mid-Atlantic, including about 250 in Hunt Valley and Essex. (Balt. Bus. Journal)

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Tech-driven real estate brokerage to expand to Baltimore

Tech-driven real estate brokerage Houwzer raised a $9.5 million Series A funding round as the 75-person company plans to double its headcount and expand to both the Baltimore and Orlando markets within the next year. The funding, led by Princeton, New Jersey-based Edison Partners, brings Houwzer’s total backing to $17 million. Previous investors, including Ira Lubert and NBA Hall of Famer David Robinson’s Admiral Capital Group, also joined in the round. (Balt. Bus. Journal)

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2 Md. companies open marketing center in Bel Air

American Design and Build (ABD) and American Sentry Solar (ASS), an exterior home remodeling and residential solar company, expanded with a new, fully-renovated marketing center in Bel Air. The 5,200-square-foot facility at 227 Gateway Drive features more desk space, a conference room and break room with a variety of games for employees to encourage collaboration and a team environment. With the addition of the marketing center, the company expects to bring nearly 50 new jobs to the area by April. (Daily Record)

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Kevin Dunbar takes sole ownership of Dunbar Security Solutions, Dunbar Security Products

Kevin Dunbar, the president and CEO of Dunbar Security Solutions and Dunbar Security Products, was named sole owner of both companies Wednesday. Dunbar has been with the Dunbar companies since 1980 when he began on the sales team of both Dunbar Guard and Armored. He was promoted to chief operating officer in 1998, president in 2001 and CEO in 2003. Both companies are headquartered in Hunt Valley and together employ more than 325 people. During his progression with Dunbar Armored, he focused heavily on upgrading technology, the diversification of service offerings and equating the Dunbar brand with best-in-class service. (Daily Record)

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Blueprint Local OZ fund backs $140M Penn Station overhaul

Penn Station Partners has secured funding for its planned $140 million overhaul of Baltimore’s Penn Station from backer Blueprint Local — Blueprint’s first opportunity zone investment in the city. Blueprint Local is a joint venture between Brown Advisors and what Blueprint Local describes as “a group of national investors.” Blueprint describes its mission as investing in real estate and in entrepreneurs in communities suffering from disinvestment. (Daily Record)

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Baltimore Convention Center expansion plans scaled back amid financial hurdles

Plans for an upgrade to the Baltimore Convention Center are headed back to the drawing board after officials discovered an expansion would cost more than $1.5 billion to complete as envisioned. The eye-popping price tag was driven upward by the projected costs of infrastructure work and acquisition of the privately owned Sheraton Inner Harbor Hotel site, both of which figured in to a conceptualization of the center unveiled in 2018. (Balt Bus Journal)


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City Breaks Ground On Multimillion-Dollar Transformation of Johnston Square Neighborhood

Last fall, Baltimore City approved a multi-million dollar land disposition agreement with Johnston Square partners to take 700 vacant buildings for future development. Renderings show what the Johnston Square neighborhood will look like after a multimillion-dollar transformation. Mayor Jack Young got the demolition started on Tuesday to transform part of east Baltimore. (WJZ-TV)

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