Friday, March 29, 2024 | Baltimore, MD
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Continental Realty raises $240M for open air retail investment

Continental Realty Corporation, a Baltimore-based real estate investment and management company with $3.5 billion in assets under management, closed its Continental Realty Opportunistic Retail Fund I LP (CRORF), a close-ended fund, raising $240 million in equity. The total includes $200 million in the fund itself and $40 million in its two co-investment vehicles.

 

Nursing home workers at Autumn Lake facility in Baltimore file to unionize

Workers at a northwest Baltimore nursing home are looking to unionize with one of the largest health care unions in the country amid a push for higher wages and improved services in the elder care industry. Employees at Autumn Lake Healthcare’s Arlington West nursing home in the city filed to unionize with the 1199 Service Employees International Union (SEIU) Healthcare Workers East on April 13, according to National Labor Review Board filings.

Female electronics engineer runs vehicle tests
Maryland manufacturers look to the future while managing today’s challenges

With the combination of the COVID-19 pandemic, global supply chain issues, the Great Resignation and rising inflation, Maryland’s manufacturing industry has been managing a confluence of complex challenges that will forever transform the ways that business is done. According to Mike Galiazzo, president of the Regional Manufacturing Institute of Maryland, technology and the transformation to what is known as industry 4.0 offers solutions to many of these issues by reducing the amount of time it takes to get a product to market and offering new and more efficient ways to get work done.

 

Bed Bath & Beyond bankruptcy leaves more vacant retail space in Greater Baltimore

After months of upheaval, Bed Bath & Beyond Inc. has filed for bankruptcy. The decision is a low point for a home goods retailer that has been around for more than half a century — and one that will mean vacancies in some prominent local retail centers. The New Jersey-based chain filed April 23 for Chapter 11 bankruptcy, after a failed turnaround plan left it short on cash and struggling to keep its shelves stocked, the Wall Street Journal reported. All 360 Bed Bath & Beyond stores and 120 locations of Buybuy Baby are expected to close.

Rocky Gap Casino Resort to celebrate 10th anniversary

Rocky Gap Casino Resort will celebrate its 10th anniversary with live entertainment, fireworks and giveaways May 21. “We’re incredibly proud to have been a part of the Allegany County community for the past 10 years,” said Brian Kurtz, senior vice president and general manager of Rocky Gap Casino Resort. “We look forward to continuing to provide exceptional entertainment and service to our valued guests for many years to come.”

Blue catfish disaster funding would be beneficial for Bay, watermen

While some may be skeptical about the recent request by Maryland leaders to declare a fisheries disaster based on the impacts of certain invasive species, at the Chesapeake Bay Foundation, we see significant benefits for the ecosystem and watermen’s wallets. CBF is strongly supporting the efforts of Gov. Wes Moore and the state’s Department of Natural Resources to request a federal fishery disaster declaration in Maryland due to the proliferation of blue catfish, Northern snakeheads, and other invasive species in the Bay.

 

Read More: Star Democrat
brown and black Wilson football
M&T Bank, Baltimore Ravens extend partnership

M&T Bank and the Baltimore Ravens have reached an agreement to extend their partnership for another 10 years beyond the current contract, which was set to expire after the 2027 season. Financial terms of the latest agreement were not disclosed. The announcement comes almost 20 years to the day after the organizations entered a partnership that has always been about more than putting the bank’s name on the 71,000-seat M&T Bank Stadium – often referred to simply as “The Bank.”

 

Maryland General Assembly passes legislation to create TEDCO Equitech fund

The Maryland General Assembly passed a bill that would establish a Maryland Technology Development Corp. (TEDCO) fund to promote job growth and minority inclusion in the sciences. Both chambers passed House Bill 781 earlier this month, which establishes the Equitech Growth Fund to send state funding to projects that expand the economy through infrastructure investment and create a diverse workforce through job training programs.

Carroll County commissioners move forward with zoning regulations for recreational cannabis businesses

Commissioners are moving forward with the task of regulating businesses interested in selling recreational cannabis in Carroll County, voting 4-1 Thursday to refer decisions about when, where, and how cannabis-related businesses can operate to the Carroll County Planning and Zoning Commission. The zoning commission will now work on changes to the county’s zoning code to allow businesses with state licenses to sell recreational marijuana in the county, and present a proposal to the commissioners sometime in the future.

Read More: Baltimore Sun
Maryland joins push for federal recall of theft-prone Hyundai and Kia vehicles

Maryland Attorney General Anthony G. Brown joined 17 other local prosecutors in calling on the federal government to issue a recall for particular Hyundai and Kia vehicles models that have been stolen at increased rates within the past year. In a letter to the National Highway Traffic Safety Administration, prosecutors say they want the federal agency to declare the vehicles’ systems are out of compliance with federal standards and pose an unreasonable risk to public safety.

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