Tuesday, April 23, 2024 | Baltimore, MD


Basketball – Shot 2-Points
A start-up basketball league, hoping to compete with the NCAA, announces TV deal

A start-up men’s basketball league, with plans to pay college students and compete with the NCAA, has inked a media rights deal, setting the stage for its debut later this year. The Professional Collegiate League reached a pact with Next Level, a network owned by a former Obama administration official, that will air its games both on linear TV and streaming platforms.

Buccini/Pollin Group reports $300 million in lease deals

The Buccini/Pollin Group report the execution of nearly one million square feet and $300 million in lease transactions. BPG executed over 75 new and renewal deals, representing stability across its commercial portfolio despite uncertainty in the market. In Delaware, BPG leased 459,000 square feet with a lease value over $85 million.

Local dispensaries plan for big sales, celebrations on second 4/20 amid pandemic

Medical cannabis dispensaries will celebrate their second 4/20 in the throws of a global pandemic next week. And although the cannabis “holiday” falls on a day that typically sees lower sales overall, local business owners are planning for spikes all weekend long. Dispensaries in Greater Baltimore hope to bring in plenty of extra business with special sales, giveaways and events celebrating Tuesday, April 20, many of those starting this weekend. 4/20 is a date that has become synonymous with the celebration of legal marijuana access and consumption.

Record first quarter included several Maryland VC deals topping $100M

Venture capital totals hit a national quarterly record in the first quarter of 2021, with growing companies raising more nine-digit fundings rounds than ever, according to the latest PwC/CB Insights MoneyTree report. VC investments in Q1 surged to a new quarterly record of over $62 billion, raised through 1,735 deals nationwide, the MoneyTree report shows. The funding total is up 117% year-over-year, and the deal total is up 14%.

Startups often have to look outside Baltimore for funding — but founders say that’s OK

Stakeholders in the local tech ecosystem have long lamented the Baltimore area’s lack of early-stage funding resources, which forces startup founders to look outside the state to find the growth funding they need. But especially in a post-Covid world, “that’s not necessarily a bad thing,” said Anders Jones, CEO of Facet Wealth. Collectively, the leaders of Baltimore startups Protenus, Facet Wealth and Sonavi Labs have raised more than $100 million in funding, the vast majority of which has come from out-of-state sources.

Four Greater Baltimoreans make Forbes’ 2021 billionaires list, including one newcomer

Forbes’ 2021 World’s Billionaires List saw the addition of 660 new names, among them the CEO of a Maryland-based health care data analytics company. Keith Dunleavy joined the list at No. 2,141 (of 2,755) with a net worth of $1.4 billion. The founder of Inovalon resides in Annapolis, according to Forbes. He joins three other Greater Baltimoreans who have long held a spot on the annual ranking: Baltimore Ravens owner Stephen Bisciotti, chairman of Allegis Group Jim Davis and Under Armour founder Kevin Plank.

For Orioles fans, familiar Opening Day traditions are reinvigorating after a trying year: ‘This feels like a huge step forward’

The sign above the entrance to Pickles Pub said it all: “BASEBALL IS BACK.” The Orioles welcomed fans back to Camden Yards for the first time in more than 18 months on Thursday, hosting the Boston Red Sox for their first game game of 2021. Attendance was limited to 25% capacity, with an announced crowd of 10,150 fans declared a sellout as the team tried to adhere to its own health and safety guidelines after the coronavirus pandemic limited last season to 60 games and kept fans out of ballparks across the country.

Read More: Baltimore Sun
The Food Market to open Friday April 9th

The Food Market in Columbia is set to open on Friday April 9 at 4 P.M. They announced the opening yesterday in a post on Instagram. The restaurant is located at 10480 Little Patuxent Parkway on the Mall side of Little Patuxent across the street from Merriweather Post Pavilion. It was announced back on March 10, 2020 that The Food Market will be coming to Downtown Columbia.

The battle for Tribune: Inside the campaign to find new owners for a legendary group of newspapers

Last year, as a group of Baltimore Sun reporters embarked on a long-shot endeavor to find a new owner that could save their paper from a hedge-fund takeover, a former Maryland politician gave them a piece of advice. Treat this like a political campaign. The worried reporters would need to recruit community allies. Hire a public relations firm to sway public opinion. And most crucially: Figure out how to find rich people who might be persuaded to finance a rescue plan.

Newspaper union takes to the street as their rally to win local ownership of The Baltimore Sun hangs in the balance

A year into its rallying cry to save The Baltimore Sun from being sold to a hedge fund, the newspaper’s union took to the streets Saturday facing the same uncertainties as when the long-shot quest began, but with more reason for optimism. The Washington-Baltimore News Guild launched its lobbying efforts to return The Sun, the Capital Gazette and the Carroll County Times to local ownership last April, and emotions of the newspaper’s staff and supporters have been whipsawed by events ever since.

Read More: Baltimore Sun

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