Baltimore Checkbook

Baltimore Washington Medical not giving up on...

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Baltimore Washington Medical Center is still fighting for the chance to host the state’s newest cardiac surgery program. But Anne Arundel Medical Center has pulled ahead in the race for approval, with a recommendation filed with the Maryland Health Care Commission on Thursday. A cardiac surgery program could make for a very lucrative asset for a Maryland hospital, but state officials say the demand for open heart procedures is only high enough for one new hospital to be approved. Reviewer Dr. Craig…

DLA Piper names new managing partner in Baltimore...

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DLA PIper has named attorney Brett Ingerman managing partner of the firm’s Baltimore office. He succeeds Paul Tiburzi, who has led the office for 14 years. Ingerman, a Baltimore native, has worked in DLA PIper’s Baltimore office for 22 years with a focus on business and commercial litigation and arbitration. He also counsels clients on corporate investigations and global compliance issues and serves as global co-chair of DLA Piper’s compliance and governance practice. Ingerman earned his law degree…

Exclusive: Amazon plots huge fulfillment center in...

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Amazon.com Inc. is expected to announce next week a new 1.15-million-square-foot fulfillment center in Cecil County, according to several sources familiar with the deal, a project that will create 700 jobs over the next three years. The distribution center will be the online retail giant’s second in the state, where it employs several thousand workers at a warehouse off Interstate 95 in Southeast Baltimore. In Cecil, Amazon will occupy the Principio Commerce Center I, a huge industrial building…

Former Ravens President David Modell dies at 55

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Former Baltimore Ravens President David Modell, the son of former team owner Art Modell, died Friday after a year-long battle with lung cancer. He was 55. Modell served as the team’s president from 1996 — the inaugural season for the Ravens after the franchise from Cleveland — until 2004, when the Modell family sold the team to current owner Steve Bisciotti. During David Modell’s time as president, the Ravens won one Super Bowl in 2000 and made the playoffs twice. David Modell also oversaw…

​REI to close in College Park, but there’s already...

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Bad news for College Park outdoorsy types: The REI store on Rhode Island Avenue will close Feb. 3, just a few months after the outfitter opened a massive flagship in Washington, D.C.’s NoMa neighborhood, the retailer confirmed. But wait, there’s good news! MOM’s Organic Market, another tenant in the Hollywood Shopping Center where REI is located, is close to a deal to take over part of the REI space, significantly expanding its footprint there. College Park City-University Partnership Executive…

Bank of America beats analyst expectations on...

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Bank of America Corp. (NYSE: BAC) beat Wall Street estimates on Friday when it reported fourth-quarter earnings. The Charlotte, N.C.-based bank reported net income of $4.7 billion, or 40 cents per share. That compares with a profit of $3.3 billion, or 27 cents per share, in the year-ago quarter. Analysts predicted BofA would earn 38 cents per share for the quarter. The bank increased revenue by 2 percent to $20 billion in the fourth quarter. BofA’s consumer bank saw loans increase by $20.1 billion…

10 E. Baltimore St. sells to out-of-state group

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10 E. Baltimore St., the 43-year-old W.R. Grace Building located in the heart of the central business district, is under new ownership. The 168,000-square-foot property sold this week for about $7.5 million, said Jay Wellschlager, a managing director at JLL who represented the building’s owner in the sale. The 16-story building at the corner of Baltimore and Charles streets was owned by Torchlight Investors, a New York-based special servicer, Wellschlager said. The buyer was an out-of-state group…

These are the 10 most expensive Baltimore-area...

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The BBJ interviewed several luxury real estate brokers in the summer and they all agreed this was the hottest high-end market since 2006. The data is in for 2016, and the 10 most expensive homes sold across Greater Baltimore ranged from $3.2 million to $6.1 million, for an average of $4.65 million, according to data from MRIS, a Bright MLS Inc. company. The most expensive sale was a manor style house in Annapolis with five bedrooms, five full baths and two half baths. It sold in July for $6.1 million…

Greater Baltimore bought the most of these 5 cars...

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Ford F-Series trucks were not only the most popular vehicle in Greater Baltimore in 2016, but in Maryland and the U.S. as well. The Baltimore-area share of the F-Series pickup truck made up 3.6 percent of Maryland auto sales. If you’re in the market for a new truck, you can get the 2017 F-150 model starting at $26,730. Below, you can see the top five most popular car and truck models in Greater Baltimore in 2016, ranked by Baltimore-area share of Maryland sales. Subscribers can view the full List…

8 things you need to know this morning heading...

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Good morning, and happy Friday — especially for those of us who have Monday off. The BBJ will be closed Monday for Martin Luther King Jr. day, so no “8 things” to kick your week off. The threat of snow, sleet and ice this weekend is still real, so if you plan on traveling for the long weekend, be sure to plan ahead. Here are eight things to know to get your day started. Six children are dead after a fire tore through a family’s house in northeast Baltimore on Wednesday night. A woman and her…