Saturday, April 20, 2024 | Baltimore, MD
Baltimore, MD
57°
Cloudy
FOLLOW US:

Business

Cannabis processing company opens in Allegany County

A manufacturer of a variety of cannabis products has opened in Mexico Farms with the operation potentially hiring up to 75 employees in the future. News of the venture was announced Wednesday in a joint press release issued by the Allegany County Department of Economic & Community Development and Organic Remedies Maryland. Organic Remedies received approval to operate by the Maryland Cannabis Administration and will begin manufacturing immediately at its location on PPG Road just south of Cumberland.

Management shake-up at Under Armour comes in wake of new leadership

Under Armour announced a leadership shake-up Wednesday as the Baltimore-based brand moves ahead with a new CEO’s vision for growth. Changes to the senior executive team are the first since former Marriott International President Stephanie Linnartz became Under Armour’s president and CEO in February. The management shuffle includes the addition of another seasoned Marriott executive and the departure of Under Armour’s chief operating officer.

Read More: Baltimore Sun
McCormick names new CEO; Kurzius to continue as executive chair

McCormick & Company has promoted Brendan Foley to CEO, ending Lawrence E. Kurzius’ seven-year tenure that saw the Hunt Valley-based spicemaker embark on a spree of acquisitions and launch a pandemic-driven cost-cutting drive. Kurzius will remain as the company’s executive chairman, according to an announcement late Friday afternoon from McCormick’s Board of Directors.

On TikTok, Pikesville knitter Sam Barsky stays a stitch ahead of his social media fans

Pikesville resident Sam Barsky recalls first learning of TikTok, the social media app that’s taken off across the globe, during an interview with 60 Second Docs, which produces short documentaries, in 2019. By the following year, Barsky, 48, was uploading TikTok videos of his nature walks and, eventually, of his hand-knit sweaters, which portray landmarks and destinations from Italy’s Leaning Tower of Pisa to the Inner Harbor of Baltimore.

Read More: Baltimore Sun
National retailer to open 34K-square-foot store in long-vacant downtown space

Discount retailer Burlington recently inked a deal to lease close to 35,000 square feet at Lockwood Place bringing a Fortune 500 company to the struggling central business district, which has been rocked by office and retail vacancies. The national chain based in New Jersey will open in the coming few months on the third floor of 600 E. Pratt St. taking over the former Best Buy space that has been vacant for over a decade, a spokeswoman for Burlington said on Wednesday.

Office lease negotiations are changing as landlords pull out the stops to retain tenants

The office market is decidedly in favor of tenants these days but negotiations over lease terms and tenant requirements have a bit of nuance. Landlords are hard pressed to retain tenants as the threat of trillions in commercial real estate-backed loans set to mature in the coming years looms large, and values on office properties are taking a hit in the wake of rising vacancy, weak demand and higher interest rates.

Extended-stay hotel planned for Metro Centre at Owings Mills

The developer behind Metro Centre at Owings Mills said a 120-room extended stay hotel is coming to the transit-oriented development in Baltimore County. David S. Brown Enterprises said in a news release that the Element by Westin Hotel will break ground this summer but did not include an expected completion date.

Read More: Baltimore Sun
Small business owners using laptop in restaurant
Maryland ranks No. 2 in nation for successful minority entrepreneurs, study says

Jasmine Norton has spent the past few months preparing to open The Urban Oyster, her sit-down restaurant, in Hampden in late summer. Norton has relocated, scaled her business and adjusted concepts about a half-dozen times since beginning the Urban Oyster concept almost seven years ago. Believed to be the only Black woman in the state to own a brick-and-mortar, oyster-themed restaurant, Norton cited living in Maryland as one of the reasons she has been able to pivot and succeed.

Yoga teachers adapt to new hybrid normal as studios reopen

When yoga teacher Sarah Rehman guided her students through Squishy Tushy positions in a recent class, her lesson reached more than the five students lying on mats at her Flying Buddha Studio in Gaithersburg, Md. — two more watched through a video stream broadcast by her computer set up near the back of the studio. It’s all part of Rehman’s new normal. After being limited to virtual teaching for much of the pandemic, Rehman has seen students return to in-person classes since 2022 — but she believes there’s still an opportunity to get more hesitant students to return.

Developers share vision for renovating historic Car Barn on Central Avenue

Developers on Tuesday shared their vision for transforming Baltimore’s historic Car Barn, a structure that once was the base of operations for a long-gone cable car system that shuttled residents around the city. Renderings of the refurbished 43,000-square-foot building were released on Tuesday by Baltimore-based Cross Street Partners and Beatty Development Group. Two years ago, the firms were named as developers and announced plans for a $15 million renovation, according to The Sun.

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.