Canal Place appeals to city, county for funding

While Cumberland Mayor Brian Grim recently opined that he thought Canal Place officials were starting to look outside the box for funding, it appears officials with the struggling agency hope they will once again obtain a key to the hotel/motel tax box. Both the city of Cumberland and Allegany County have phased out funding for Canal Place from those taxes. (Times-News)

Read Full Article

T. Rowe, Legg want to limit SEC money market changes

T. Rowe Price and Legg Mason have told the Securities and Exchange Commission that a proposed rule changing the way money market funds are priced should be limited to funds used by large institutions, rather than those aimed at retail investors. (Balt. Bus. Journal)

Read Full Article

Anne Arundel Medical Center CEO talks reform, navigating challenges

Anne Arundel Medical Center CEO Victoria Bayless has a lot on her mind. Medicaid expansion, open enrollment for the state’s health exchange and other changes under federal health reform are around the corner. Meanwhile, AAMC and every other hospital in Maryland are grappling with a potential sea change to how they do business under a new Medicare waiver that is in the works. But central to all those issues is money — how to pay for what you need when revenue isn’t what it used to be. (Balt. Bus. Journal)

Read Full Article

Owings Mills group enters N.C., buys retail center in Greensboro

An Owings Mills-based commercial real estate development and investment group has purchased the 90,000-square-foot Hicone Shopping Center in northeast Greensboro for $7.2 million. Black Oak Associates Inc. acquires and redevelops shopping centers and mixed-use projects throughout the mid-Atlantic region. (Balt. Bus. Journal)

Read Full Article

Solstice Partners creates Web platform to connect small office tenants with landlords

Solstice Partners, best known as a startup development firm partnering with Bozzuto Group on a Locust Point apartment project, wants to break down some digital barriers small office tenants and landlords face in the market. The company on Wednesday will launch a commercial real estate Web platform designed to assist tenants with understanding their space requirements. (Balt. Bus. Journal)

Read Full Article

MedImmune marks 25th year with reception for founder

Montgomery County’s largest biotechnology company, which is celebrating its 25th anniversary this week, actually hatched from a meeting in the Big Apple. In the late 1980s, Wayne T. Hockmeyer was an executive with Praxis Biologics in Rochester, N.Y., with an inkling to branch out on his own. He had spent two decades in the U.S. Army, including as chairman of the Department of Immunology at Walter Reed Army Institute of Research in Washington, D.C., from 1980 to 1986. (Gazette)

Read Full Article

Examiner out, R2integrated in for downtown skyline

The downtown Baltimore skyline is about to change. The name of the defunct Examiner newspaper will no longer adorn the building at 400 E. Pratt St., visible throughout the Inner Harbor. Instead, the name of digital marketing firm R2integrated will go up on the Commerce Street side of the building in mid-October. (Balt. Sun)

Read Full Article

Southwest Airlines to change rewards program

Southwest Airlines is making a change to one of its rewards programs and giving customers six months warning. Beginning with travel booked on or after March 31, 2014, Southwest will change the redemption rate for its Wanna Get Away award-level seats from 60 points per dollar to 70 points per dollar. (Balt. Bus. Journal)

Read Full Article