Fenwick officials voted last week to approve a full review of the town’s comprehensive plan. Last Friday, the Fenwick Island Town Council voted to support and fund a full review of the town’s comprehensive planning document. While the town’s planning commission began a five-year review process earlier this year, Chair Amy Kyle said commission members have since recommended a full review for recertification. “We started off doing the five-year review,” she said, “and now we’re proposing something a bit bigger than that.”
Baltimore-based MCB Real Estate LLC has partnered with life sciences and health care real estate executive Wilkingson “Will” Germain to co-found MCB Science + Health. Germain, who will serve as CEO of the venture, will be focused on aggressively seeking acquisition and development opportunities in the life sciences, medical office and senior housing spaces across the United States. Germain joins MCB after 16 years with Ventas Inc., a leading real estate investment trust, where he most recently focused on growing their life sciences, research, and innovation portfolio by more than $4 billion and over 7 million square feet.
Along with its upcoming redevelopment, the Baltimore Arena — formerly known as Royal Farms Arena — will also get a brand-new name.
Calvin Riley had three different careers before he opened a restaurant in Downtown Baltimore. The 49-year-old served in the Marines, boxed professionally and worked in information technology — then decided to go to culinary school when the economy crashed a decade ago.
Though retail sports betting is already live in Maryland, bettors have been waiting for mobile gambling to take off in the state, with the hope it would do so in time for the upcoming football season. That seems unlikely. Though Maryland mobile sports betting appears like it will be here much faster than what’s been seen in other states, like with sports betting in Massachusetts, officials don’t see it launching in time for the NFL season. That’s certainly a disappointment to those in Maryland excited about placing sports bets online. So why the holdup?
Two real estate firms this week acquired 587 market-rate affordable apartment units in Langley Park, highlighting Prince George’s County’s efforts to preserve housing affordability in an area some fear may begin to gentrify with the advent of the Purple Line. D.C. developer Jair Lynch Real Estate Partners and Nuveen Real Estate, an investment manager for New York City’s TIAA, announced Tuesday they’ve purchased Bedford Station and Victoria Station, utilizing Prince George’s County’s right of first refusal program. Under that policy, 441 units, or three-quarters of those acquired, will have rents capped for households earning no more than 80% of the area median income for 15 years.
Chap Petersen was such a diehard fan of the Burgundy and Gold that the Virginia state senator once co-founded the “Redskins Pride Caucus” to defend the team’s former moniker. And just months ago, the Fairfax Democrat appeared to be one of the main backers of a bill that would help the state provide hundred of millions in public subsidies to fund the team’s next stadium.
Nexstar Media Group Inc. (NASDAQ: NXST) is expanding its local news operations in Greater Washington, bringing together its two area television stations into one Northwest D.C. location and rebranding as D.C. News Now. The Irving, Texas-based company, billed as the largest television station owner in the U.S., said Wednesday it will combine its D.C.-based CW affiliate WDCW-TV (Channel 50) with Hagerstown, Maryland, independent station WDVM-TV (Channel 25) into a new “state-of-the-art newsroom and studio currently under construction” on Wisconsin Avenue.
SharpRank, a Timonium company that evaluates sports betting experts, has raised $2.5 million so far in a seed round. The company plans to use the funding to continue to enhance its data science and technical infrastructure, along with testing how its product meets current market demand. SharpRank began raising money on March 4, and is still in talks with additional investors, which may oversubscribe the round.
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