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Rising mortgage rates splash cold water on Baltimore’s once-hot housing market

July is typically a hot month for home sales but rising interest rates and fears of inflation and an economic slowdown threw cold water over the Baltimore region’s once-scorching housing market. Fewer homes sold last month than in any July since 2014, according to data released Thursday by the real estate company Bright MLS. The number of new listings is dropping, while the number of active listings is growing, indicating that the frenetic pace of homebuying that occurred during the coronavirus pandemic has ended.

Read More: Baltimore Sun
UMd. will more than double size of field hockey, lacrosse complex with $11M renovation

The University of Maryland women’s lacrosse and field hockey teams will soon have a new $11 million home. The existing 6,195-square-foot lacrosse and field hockey complex on the College Park campus will be partially demolished to make room for a building more than twice the size at 15,340 square feet. The construction is set to be complete in 2023. The renovation is significantly larger than the plans announced in early 2020 that called for a nearly 12,000-square-foot facility. The state Board of Public Works on Wednesday approved a construction contract to renovate the university’s field hockey and lacrosse facility.

John Angelos: My brother has gone ‘nuclear’ with his lawsuit over control of Orioles and other assets of our father

John P. Angelos, the chairman and CEO of the Orioles, is decrying that his brother took what he calls “the nuclear option” of filing suit over a dispute in how to handle their father’s assets. In several filings Wednesday in Baltimore County Circuit Court, John Angelos denied the allegations that his brother, Louis F. Angelos, made about him in a lawsuit in June: that he sought to seize control of the Orioles and other assets of their father, Peter G. Angelos, as he fell ill and eventually became incapacitated in recent years.

Read More: Baltimore Sun
IKEA to install EV chargers at Md. stores

To help reach the IKEA ambition to become a circular and climate positive business by 2030, IKEA U.S. Thursday announced a collaboration with Electrify America and Electrify Commercial to bring ultra-fast public charging stations and delivery fleet electric vehicle (EV) charging to over 25 IKEA retail locations in Maryland and throughout the U.S. This joint effort will enable IKEA U.S. to quadruple its total number of EV chargers, which supports the goal of achieving zero-emission home deliveries by 2025 and halving relative1 emissions from customer and co-worker travel by 2030.

Curio Wellness to open first Far & Dotter cannabis dispensaries outside of Maryland

Timonium-based cannabis company Curio Wellness is set to open its first two out-of-state “Far & Dotter” franchises, paving the way for future national expansion. The two dispensaries will be in vastly different markets, one in Mississippi, where medical cannabis was legalized earlier this year, and the other in New Jersey, a state with a brand new recreational industry. Curio officials say they’re still searching for the exact locations of the two stores but Greg Miller, Far & Dotter’s president of retail, said he hopes that at least one of the stores will open within the next six months. Far & Dotter franchisees already been granted licenses to sell recreational and medical cannabis in New Jersey and Mississippi, respectively.

UnitedHealthcare donates $500K to Md. nonprofits

UnitedHealthcare, a UnitedHealth Group (NYSE: UNH) company, is awarding $500,000 in Empowering Health grants to four community-based organizations in Maryland to expand access to care and address the social determinants of health for uninsured individuals and underserved communities. In total, UnitedHealthcare is donating $11 million in grants through its Empowering Health program across 11 states. The grants will assist individuals and families experiencing challenges from food insecurity, social isolation and behavioral health issues, and support local health promotion and health literacy efforts.

TEDCO to host inaugural Tech Fair in September 

TEDCO, Maryland’s economic engine for technology companies, will host a free Tech Fair Sep. 12 at 9 a.m. at the Hotel at the University of Maryland. TEDCO created the fair to connect entrepreneurs and small business owners in any industry from Maryland’s underserved communities to technology companies, resources, trainings, and networking opportunities to grow their business. U.S. Senate Committee on Small Business & Entrepreneurship Chair Ben Cardin (D-Md.) will deliver the keynote address.

How Morgan State, Coppin State will use first portion of new state funding for HBCUs

Baltimore’s two historically Black universities have both received the first batch of new funding they are slated to receive as part of a lawsuit settlement and plan to use the money to hire more than 50 new faculty members and expand marketing efforts. Morgan State University and Coppin State University received a combined $20.8 million in fiscal year 2023 from the settlement with the state. The schools are receiving the funding as part of the settlement for a lawsuit the state’s four HBCUs brought against Maryland in 2006, which argued that systematic underfunding hurt the competitiveness of the HBCUs when compared to predominantly white institutions

hammer, books, law
Georgia Angelos enters sons’ legal fray, sides with eldest in battle for father’s firm

Georgia Angelos on Tuesday not only entered the fray but has chosen sides in the legal battle between her two sons over the future of their storied and ailing father’s Baltimore firm, the Law Offices of Peter G. Angelos PC, and his majority ownership of the Baltimore Orioles. In a filing in Baltimore County Circuit Court, Georgia, 80, praised her elder son John, 55 and the Orioles’ chief executive officer, while accusing her son Lou – an attorney at the law firm – of bitterness and elder abuse by trying to sell the practice to himself.

Ellume COVID test plant in Frederick starting to add automation to manufacturing

Five months after the Australian-based biopharmaceutical company Ellume opened its first U.S. location in Frederick, the facility is scaling up its production of at-home COVID-19 tests by starting to automate the manufacturing process. U.S. Rep. David Trone and U.S. Sens. Chris Van Hollen and Ben Cardin visited the sprawling campus along Executive Way on Tuesday afternoon for a tour of the company’s production capabilities and a town hall meeting with its employees. They were joined by Laurie Locascio, director of the National Institute of Standards and Technology. NIST runs the Maryland Manufacturing Extension Partnership in Gaithersburg, which helps manufacturers in the state — like Ellume — operate more efficiently, grow and create more jobs.

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