Wednesday, November 27, 2024 | Baltimore, MD
FOLLOW US:

Business

Baltimore Peninsula continues transformation with 15 new retail, office leases

The Baltimore Peninsula development team, led by MAG Partners and MacFarlane Partners, in partnership with Sagamore Ventures and the Urban Investment Group within Goldman Sachs Asset Management, announced 15 new leases consisting of more than 65,000 square feet of retail and office space. MaryAnne Gilmartin, founder and CEO of MAG Partners, said the new agreements have pushed Baltimore Peninsula’s retail space past 30% of its leasing capacity.

United Therapeutics to Expand in Downtown Silver Spring in $100 Million Deal With Montgomery County

United Therapeutics plans to expand once again in downtown Silver Spring, with a newly proposed deal worth over $100 million with the county. The expansion will include a new parking garage, retail space, and land for affordable housing, increasing UT’s downtown Silver Spring footprint by 40 percent. According to a press release, Montgomery County and UT have reached an agreement for the construction of a new public parking garage at 8615 Georgia Avenue.

Data center work group hears from Potomac Edison, potential impact of powering Quantum campus

Frederick County’s data center work group on Wednesday heard that powering Quantum Loophole’s campus might affect providing power to other areas and affect ratepayers’ transmission charges. The work group, created by Frederick County Executive Jessica Fitzwater, will prepare a report with recommendations for the County Council regarding regulation of the critical digital infrastructure industry. Quantum Loophole purchased the former site of the Alcoa Eastalco aluminum smelting plant near Adamstown in 2021 to build a campus of data centers.

Luminis Health gets Md. approval for obstetrics services in Prince George’s County

The Maryland Health Care Commission Thursday voted to approve Luminis Health Doctors Community Medical Center’s (LHDCMC) request to add obstetrics services as part of its comprehensive women’s health program on its Lanham campus, paving the way for a new $300 million patient care pavilion. Prince George’s County has the second highest birth rate in Maryland, yet there are very few options for women to deliver their babies in the county.

BGE gas and electric delivery rates to rise more than 3% each of the next three years

Customers of Baltimore Gas and Electric Co. will see their rates for delivery of both gas and electricity increase over the next three years by an average of more than 3% a year under a plan approved late Thursday by state regulators. The rate increase authorized by a unanimous decision by the Maryland Public Service Commission will boost the average customers monthly bill by about $21.83 after three years.

Read More: Baltimore Sun
A look at how USPS handles the holiday rush

He worked his way up from casual custodian to plant manager at the Dulles plant, only recently considering retiring. “I happen to love my job and the things that we do,” he said. Payne certainly isn’t the only long-timer at the Dulles plant. Benita Sprow has been with USPS for 33 years, saying she keeps coming back because of the family-like friends she formed when she first started.

 

Read More: WUSA9
camden yards, baltimore, maryland
State, Orioles tentatively agree to extend Camden Yards lease while also moving forward on long-term deal

State officials and the Orioles have tentatively agreed to extend the ballclub’s lease at Camden Yards while also moving forward on a 30-year deal to keep the team at its Baltimore home. On Thursday night, the Maryland Stadium Authority and the Board of Public Works, both of which would need to approve the deal, scheduled special meetings for Monday. The lengthy and exhausting lease saga, which has twice before appeared headed for its denouement — during a September announcement that turned out to be nonbinding and last week, when a deal stalled at the eleventh hour — could finally reach a resolution.

Read More: Baltimore Sun
The Wizards and Capitals once called Maryland home. Now they may move from DC to northern Virginia

Washington’s NBA and NHL teams, which have called Maryland or the District of Columbia home for decades, may be moving to northern Virginia. The Washington Wizards, the NBA franchise that once played in Baltimore as the Bullets, and professional hockey’s Capitals appear poised to relocate to a proposed new arena in Alexandria, Virginia, just across the Potomac River from the nation’s capital.

Work group explores implementing personal property tax on data centers

Imposing a personal property tax on planned data centers in Frederick County could generate up to $112.1 million in additional revenue per year, according to a new analysis presented to the county’s data centers work group on Wednesday. The consulting firm MuniCap was hired to perform the tax revenue analysis, which will help the 12-member work group convened by County Executive Jessica Fitzwater develop a report that will inform the county’s regulation of the nascent industry.

Prince William lawmakers approve controversial data center development after 27-hour hearing

The Prince William Board of County Supervisors on Wednesday narrowly approved a mega-rezoning that stands to bring nearly 30 million square feet of new data centers to the Gainesville area. Despite the county planning commission’s recommendation that it reject the so-called Digital Gateway project and over objections from dozens of citizens at a marathon hearing that stretched for 27 hours, the Board of Supervisors approved the proposal by a 4-3 vote, with one supervisor abstaining.

The Morning Rundown

We’re staying up to the minute on the issues shaping the future. Join us on the newsletter of choice for Maryland politicos and business leaders. It’s always free to join and never a hassle to leave. See you on the inside.