Business

Lutherville-based MacKenzie Commercial Real Estate Services has brokered the sale of 5.3 acres of land in the Odenton Town Center of Anne Arundel County for $3.75 million to Conifer Realty, LLC, a Rochester, New York-based company specializing in the development and management of multifamily housing units throughout New York, New Jersey, Pennsylvania and Maryland.

ReBUILD Metro is approaching 200 vacant home rehabs in the Broadway East/Oliver neighborhood of East Baltimore. “It takes a village to build a house,” said Sharon Grinnell, ReBUILD Metro’s manager of construction development. “We’re coming in understanding there are significant structural issues we have to address before we can make it look pretty.” Grinnell showed WJZ a stretch of the 1700 block of East Biddle Street that ReBUILD Metro is rehabbing. It’s the latest block in the cluster of East Baltimore to turn vacant buildings into new homes.

RNAimmune Inc., a biopharmaceutical company in Gaithersburg specializing in discovery and development of mRNA-based therapeutics and vaccines, announced Wednesday it has secured $27 million in a Series A round of financing. The company intends to use the funding to accelerate its research and development of mRNA vaccine and drug discovery focused on infectious disease, cancer, and rare diseases.

McCormick & Co.’s sales rose 3% in the first quarter, but inflation and supply chain challenges squeezed the Hunt Valley-based spice company’s profits. Sales rose to $1.5 billion in the three months that ended Feb. 28, compared with $1.48 billion in 2021′s first quarter, the spice maker reported Tuesday. McCormick earned $154.9 million, or 57 cents per share, compared with $161.8 million, or 60 cents a share, the year before.

T. Rowe Price Group held a groundbreaking ceremony Tuesday morning at the site of its future 550,000-square-foot headquarters in Harbor Point, where two seven-story buildings connected by a glass atrium are expected to open in 2024. The Baltimore-based global investment group has been in the city since Thomas Rowe Price Jr. started his business on Light Street in 1937 and has been headquartered at 100 E. Pratt St. since 1975, occupying nearly half of the prominent 28-story building.

Charles P. “Buzz” McCormick Jr., the former chairman and CEO of McCormick & Co. Inc. has died at 93. McCormick, the great-nephew of the spice maker’s founder, Willoughby McCormick, retired three times from the company that bears his family’s name. He served as CEO from 1987 to 1992, while briefly returning as chairman in 1994 after the passing of Bailey Thomas, and as CEO again in 1996 after Gene Blattman retired.

Bowie State University is searching for developers to turn 1.6 acres of woods into a mixed-use development currently called the “Gateway Parcel” to meet a desperate need for student housing, per a recently issued request for proposals. The new development, proposed for the entrance to the Bowie State campus, would provide residences for undergraduates and/or graduate students, but it could also include dining facilities and ground-floor retail in addition to commercial and university office space, according to the RFP issued Feb. 21.

A Fells Point restaurant will close until more federal money is available to assist restaurants struggling due to the Covid-19 pandemic. Friends & Family announced the “hibernation” via Facebook on March 27, saying the restaurant “has suspended service because we, like 177,000 other restaurants and bars across the country, did not receive the assistance promised by the Restaurant Revitalization Fund.” “We will remain in hibernation until the fund is replenished and we are able to attain the assistance to continue operations,” the announcement said.