Baltimore Business News - Local Baltimore News | Baltimore Business Journal


    The Elephant's building in Mt. Vernon hits the market
    The elegant former mansion that houses Mt. Vernon fine dining spot The Elephant is up for sale ? but its owners hope the restaurant will remain. Steven Rivelis, who co-owns both the restaurant (through The Pincus Restaurant Group LLC) and the building (as part of VSOP LLC), said he wants to continue operating The Elephant even if the building sells. The five-floor property at 924 N. Charles St. was listed for sale this week for $2.9 million. Rivelis and his wife, Linda, purchased the property?


    Tulkoff Food Products is ready to expand, but its CEO says Baltimore isn't the place
    CEO Phil Tulkoff is exploring buying a new facility or another company outside of the city or even state lines.


    Baltimore won't pay for a new convention center hotel, BDC's Cole says
    "The city is not going to be building another hotel," said William H. Cole IV, CEO of the Baltimore Development Corp.


    Marylanders get $9M in student loan relief, as report shows state's major debt growth
    The Maryland Higher Education Commission has awarded $9 million in tax credits to nearly 9,500 state residents with student loan debt, Gov. Larry Hogan announced Friday The tax credits were awarded based on two categories of eligibility: Maryland residents who attended a state institution, and those who attended an out-of-state institution. The 5,232 eligible applicants who attended in-state institutions will each receive $1,000 in tax credits, while 4,263 eligible out-of-state student applicants?


    Baltimore Society of Model Engineers packing up home of 67 years
    Before they pack up, the society is inviting the public to one more open house on Saratoga Street.


    Will the scaffolding come down? Mount Vernon church listed for $1.395 million
    The owner the New Refuge Deliverance Cathedral in Mount Vernon is looking for a buyer to purchase the historic building. The 16,338-square-foot church is being listed for $1.395 million. If you have driven down St. Paul Street any time in the last six years, then you have almost certainly seen the scaffolding that has surrounded the building. The scaffolding has a been a point of contention for people living in the neighborhood who want to see the 148-year-old building at 1110 St. Paul Street be?


    Maryland gains 3,900 jobs in December as unemployment rate improves
    Maryland added 4,900 jobs in December, ending the year with a 3.9 percent unemployment rate. The preliminary figure matches the U.S. unemployment rate and is a slight improvement from 4 percent a month before in the state. Maryland jobs are up by 50,900 over the last 12 months, led by gains in the private sector, according to data from the U.S. Department of Labor. The professional and business services sector added 1,900 jobs in December, tied with education and health services for the most?


    Largo Town Center sells for $44 million
    Largo Town Center is under new ownership. Bethesda-based Finmarc Management Inc. has acquired the 280,000-square-foot Prince George?s County shopping center for just shy of $44 million. SITE Centers (NYSE: SITC), formerly DDR Corp., was the seller. The regional shopping center, home to retailers including Marshalls, Shoppers Food Warehouse, Dollar Tree and Dress Barn, last sold in 2007 for $54 million. It is 100 percent occupied, per Finmarc, to 35 tenants. It sits on nearly 30 acres adjacent?


    No federal pay? Potentially no SNAP benefits? Here's the shutdown hit to D.C., Md. and Va.
    We know that federal workers aren't getting paid, and at some point payments will end for local residents receiving Supplemental Nutrition Assistance Program benefits. Now a local website has quantified just how much those paychecks and benefits total locally. What's harder to quantify is what the absence of those paychecks and benefits ? and the loss of spending that would have come from them ? will mean. The Ascent, the new personal finance venture from The Motley Fool in Alexandria, estimates?


    Flight or fright? Here are the best and worst airlines when it comes to passenger complaints
    U.S. airlines took a beating in early 2018 amid several high-profile clashes with disgruntled passengers, and they appear to have responded accordingly. Complaints lodged against major U.S. air carriers hit a five-month low of 635 incidents in October, the most-recent reporting period available, and were down roughly 12 percent on a per-passenger basis when compared to the same 31-day span in 2017. The declines followed a flurry of disputes that crested in April 2017 when security personnel dragged?