Baltimore Circuit Court judge takes Harborplace away from Ashkenazy, orders it into receivership

Harborplace, the Inner Harbor retail attraction that decades ago spurred tourism in downtown Baltimore but recently has struggled with vacancies and management problems, has been put into receivership, paving the way for a possible sale. A Baltimore Circuit Court judge appointed a receiver to take control of the pavilions on Pratt and Light streets, taking the property out of the hands of owner Ashkenazy Acquisitions Corp. The New York real estate company with a portfolio of trophy properties bought Harborplace in 2012. (Balt. Sun)

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Baltimore's Pompeian joins olive oil industry to protest tariffs on European imports

Pompeian, a Baltimore-based olive oil company, is joining the industry in protesting tariffs on imported olive oil from Europe. In addition to its trade fights with China and Mexico, the Trump administration in April proposed additional tariffs on $11 billion worth of products imported from the European Union, including olive oil, wine, textiles, leather handbags and glassware among several hundred items.  The proposal by the U.S. Trade Representative comes amid an ongoing dispute with the EU over subsidies given to Airbus and as additional taxes have been proposed or newly imposed on goods from China and Mexico. (Balt. Sun)

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Union rep: 'Deafening silence' at idle Luke mill

For the first time in more than 130 years, the Luke paper mill that once employed 2,000 workers sits idle. “It’s hard to walk through the mill today,” Greg Harvey, United Steel Workers 676 president, said on Monday. The union represents 515 workers of the nearly 700 whose jobs were terminated with the closure of the Verso plant that has served as the economic hub for the Tri-Towns for more than a century. “There’s a deafening silence here that we’ve not heard before,” said Harvey, who estimated about 100 workers remained on site Monday. (Times-News)

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Laureate Education sells two universities in Europe for $908 million

Laureate Education Inc. announced Monday that it has sold two international for-profit universities in Europe for $908 million, allowing the Baltimore-based company to significantly reduce its debt. Laureate announced in December that it planned to sell the institutions, in Spain and Portugal, as it continues to focus its efforts in Latin America. The company plans to use proceeds from the sale to repay indebtedness, including full repayment of the remaining balance outstanding under its 2024 term loan, the company said. (Balt. Sun)

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CBRE's new Baltimore retail chief sees 'opportunities everywhere' in region

Despite its challenges, CBRE's new senior vice president of Baltimore retail services sees the city as a land of opportunity. Laurence Oster, whose hiring was announced Monday, says he's more focused on the Baltimore market's "true data-driven factors" than on its struggles with image. "It's an overhyped narrative and it should not overshadow the robust economy that we have," he said. Oster, who most recently worked as a founding principal and partner at FFO Real Estate Advisors, joins CBRE as the commercial real estate firm continues to grow its retail arm. (Balt. Bus. Journal)

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Fidelis Cybersecurity adds new tier to registered partner program

A cybersecurity firm based in Bethesda has updated its registered partner program for distributors and resellers. Fidelis Cybersecurity’s new Fidelis Partner Program now has three tiers: authorized, premier and elite, Fidelis announced Monday. The new elite tier provides partners with additional margins. The new three-tiered program will ensure protection for strategic partners and provide deal registration priority, Fidelis said in a news release. (Daily Record)

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These companies were Greater Baltimore's top corporate givers in 2018

The top 25 corporate givers in Greater Baltimore donated a total of more than $70 million locally in 2018. But which company donated the most? The slideshow above will give you a hint: we've listed, in alphabetical order, the region's top 25 corporate philanthropists for 2018. The list includes some companies who battle for the top spot year after year, along with some newcomers. The Baltimore Business Journal will unveil the ranking of the top 25 companies at its Corporate Philanthropy event on July 19 at the Lord Baltimore Hotel. (Balt. Bus. Journal)

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Germantown biopharma stock on the brink of delisting

Germantown-based Neuralstem Inc. (NASDAQ: CUR) has received notice that it could be delisted from the Nasdaq after failing to elevate its stock price consistently above $1 over the past six months. The stem cell therapy company received a letter May 29 that it will be delisted from the exchange, scheduled to take effect June 7, unless it requests a hearing by Wednesday afternoon before the Nasdaq Hearings Panel — which, the company reported in public filings, it intends to do. “At the hearing, the Company will present its plan to regain compliance with all applicable requirements for continued listing on Nasdaq, including the $1.00 bid price requirement, and request an extension within which to do so,” Neuralstem wrote in its filings. (Balt. Bus. Journal)

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