Baltimore Business

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Central Parking sells Light Street lot for $25M (10 Inner Harbor)

http://baltimore.bizjournals.com/baltimore...tml?jst=b_ln_hl

I am pretty jealous. They announce a lot has been bought to build a 59 story skyscraper like its no big deal. Around here it would be on the front page. Just another skyscraper for Bmore I suppose.

[bmorescottamanda]

I am pretty jealous. They announce a lot has been bought to build a 59 story skyscraper like its no big deal. Around here it would be on the front page. Just another skyscraper for Bmore I suppose.

Yea I know when it was first proposed in Feb of this year it was on the front page but now that there are five 50+ story skyscrapers proposed. They act like it's not a big deal anymore.

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City tourism group welcomes expected spike in convention business

Convention and meeting attendance in Baltimore will be up by more than half over the next two months, with groups such as the Natural Products Expo and the Baltimore Coin and Currency Show coming to town, the city's tourism group said Wednesday.

story

Quite a jump for Bmore.

[bmorescottamanda]

City tourism group welcomes expected spike in convention business

story

Quite a jump for Bmore.

I think after the convention center hotel is built it will even go higher.

[urbanvb]

Sounds like a great time to check out Baltimore's museums.

'Free Fall Baltimore,' free admission at city art museums to kick off

Sunday marks the day that the city's two leading art museums will open their doors without collecting any admission fees.

story

[bmorescottamanda]

Mercantile Bankshares to be sold

PNC to buy Baltimore-based bank in $6 billion deal

By M. William Salganik

Sun Reporter

Originally published October 9, 2006, 9:48 PM EDT

Mercantile Bankshares Corp, which owns the venerable Mercantile-Safe Deposit & Trust Co. and smaller banks in the region, announced Monday that it has agreed to sell itself to Pittsburgh-based PNC Financial Services Group Inc. in a deal valued at $6 billion.

The deal would end the independent existence of a bank that has been a pillar of the Baltimore establishment since the Civil War, discreetly tending to the assets of the elite.

http://www.baltimoresun.com/business/bal-m...-home-headlines

[bmorescottamanda]

Local firms named to Forbes best small companies list

Five companies in the Baltimore area have made this year's list put out by Forbes magazine of the 200 best small companies.

To qualify, a company must be publicly held and have sales between $5 million and $750 million. A company must also have a share price of above $5 as of Sept. 29 on a three-month average volume of 10,000 shares. These businesses are small, but growing, and designed to survive the ups and downs of market volatility, according to Forbes.

http://baltimore.bizjournals.com/baltimore...tml?jst=b_ln_hl

[bmorescottamanda]

BALTIMORE - From Beltsville to Baltimore, an automotive recycler is relocating to a new home.

Howard Rosenberg, owner of Beltsville Automotive Recyclers paid $1.67 million for a site at 4101 Curtis Ave. in Charm City to relocate his company from Beltsville. Beltsville Auto Recyclers is a wholesale supplier and manufacturer of used and rebuilt automobile and truck.

http://www.examiner.com/a-353375~Beltsvill..._Baltimore.html

[bmorescottamanda]

Large-scale retail sets up shop downtown

Filene's Basement signs lease for space near Inner Harbor

By Jill Rosen

Sun reporter

Originally published October 24, 2006

Nearly 18 years after Baltimore bid farewell to its last department store, downtown is welcoming back large-scale retail - a Filene's Basement.

Though the bargain-lover's outlet isn't the traditional type of department store lodged in the memories of many Baltimoreans, development officials say its arrival heralds a shopping renaissance for the city and the cementing of what's becoming a nascent Baltimore shopping district.

the story

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Great to see a large retailer like them come to the downtown area. With this area ranked 14th for median income, hopefully this is only the beginning of better things to come.

[bmorescottamanda]

Constellation, FPL terminate planned merger

Uncertainty over regulatory matters cited; impact on BGE customers unclear

By Paul Adams

Sun Reporter

Originally published October 25, 2006, 9:59 AM EDT

Constellation Energy Group Inc. and a major Florida utility owner have decided to cancel their merger plans, ending a $12.4 billion deal that executives concluded had become hopelessly mired in the political debate over electric deregulation and a 72 percent rate hike for customers of Baltimore Gas & Electric.

The merger with FPL Group Inc. would have created a Fortune 100 company with an estimated $28 billion in annual revenue and operations stretching from Maine to California. The decision to walk away was made after Constellation initiated a request to terminate the deal, ending months of feuding with lawmakers and regulators.

http://www.baltimoresun.com/business/bal-c...-home-headlines

[bmorescottamanda]

Spa slated for Inner Harbor

http://baltimore.bizjournals.com/baltimore...tml?jst=b_ln_hl

[bmorescottamanda]

Middle River site sold to shy buyer

Historic Glenn Martin plant bought online in mystery bid

By Lorraine Mirabella

Sun reporter

Originally published October 28, 2006

The federal agency that owns the sprawling historic World War II aircraft manufacturing plant in Middle River said yesterday that it has approved its sale for $37.5 million to the high bidder in a long-running online auction, which it identified only as a limited liability company.

http://www.baltimoresun.com/business/bal-b...iness-headlines

[bmorescottamanda]

Contracting firm Alliant Techsystems coming to Baltimore

BALTIMORE - The nation