Caves Valley Partners acquires 5.2 acres in South Baltimore

Caves Valley Partners has acquired 5.2 acres in South Baltimore. The property, in the 1800 and 1900 blocks of S. Hanover St., contains space for commercial truck repair company Middleton & Meads and a vacant warehouse. Arsh Mirmiran, a partner at Caves Valley Partners, said the Towson firm is exploring development options for the site. Middleton & Meads plans to relocate elsewhere within the city in the coming year. "The completion of this assemblage is another example of CVP's bullish outlook on the future of Baltimore City and our commitment to working with successful, locally-owned businesses to create positive outcomes for all sides," Mirmiran said in a statement. (Balt. Sun)

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Plantbar bringing its juice, raw foods to burgeoning Harbor Point

Plantbar, a Baltimore-based juice bar and raw foods cafe, is opening in Harbor Point as part of the Exelon Corp. tower. It's the second location for the company — the brainchild of a local restaurateur. Daniela Troia opened Plantbar at Belvedere Square Market in 2014 following nearly a decade running Zia's Cafe in Towson. Like at Zia's, Troia focuses raw, vegan and paleo ingredients at Plantbar in making fresh juices, smoothies and a few food items from salads to noodle dishes. (Balt. Bus. Journal)

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June 21 // Frederick hotel project OK’d by legislature called growth catalyst, boondoggle

Almost 50 miles west of Baltimore lies one of the nation's redevelopment gems. Downtown Frederick, once a depressing urban center, now receives accolades for its historic charm, vibrant nightlife and robust high-tech economy. What it doesn't have is a downtown hotel and conference center. For local leaders, that's a critical gap — and they've secured the state's help to fill it. (Balt. Sun)

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Pr. George's County to GSA: Make a decision on the FBI. Delays are costing everyone a lot of money.

The cost of a consolidated FBI headquarters in suburban Maryland or Northern Virginia will spike by as much as $100 million every year that the General Services Administration delays moving the agency out of D.C. That's according to one estimate from Prince George's County, which urged the federal government to resume the selection process stalled in March for a lack of sufficient federal funds. (Wash. Bus. Journal)

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Consumer advocacy groups protest CareFirst rate increase proposal

More than three dozen organizations are calling on Maryland's insurance regulator to reject big rate increases proposed by the state's dominant carrier, CareFirst BlueCross BlueShield, for plans sold to individuals on the exchange created by the Affordable Care Act. CareFirst asked the Maryland Insurance Administration for average premium increases of 52 percent in 2018, far more than three other insurers on the exchange. (Balt. Sun)

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TEDCO, Harbor Bank name 3 awardees of new minority-focused investment fund

Three local startups will receive $40,000 each in investments from the Maryland Technology Development Corp. and Harbor Bank as part of a new fund specifically targeted at black business owners. State-backed TEDCO announced Tuesday the three companies that will receive the first awards as part of the program, which was launched earlier this year. (Balt. Bus. Journal)

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Legg Mason taps JPMorgan vet to lead sales in United Kingdom

Legg Mason Inc. has hired a longtime JPMorgan & Chase Co. executive to head up sales in the United Kingdom. Alexander Barry will join Baltimore-based Legg Mason in August and be based in London. As head of sales, he will lead distribution of the money manager's U.K. and Dublin-based equity, fixed income and alternative investment funds. (Balt. Bus. Journal)

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Orioles' attendance is up 10.2% so far this year

Attendance at Baltimore Orioles games is up more than 10 percent this season, one of the largest gains among all Major League Baseball franchises. The team has drawn 965,356 fans through June 19, according to data compiled by the SportsBusiness Journal, a sister publication. Through 35 home dates, the Orioles are averaging 27,582 fans, or 60 percent capacity of the stadium. (Balt. Bus. Journal)

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