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Author Archives: Paul Samuel

Lexington Village retail center sold for $24.1M

Federal Capital Partners, of Chevy Chase, announced the sale of Lexington Village, a 160,000-square-foot retail center in Lexington Park, St. Mary’s County. FCP and its partner, Westmoreland Partners, sold the shopping center for $24.1 million. The buyer was not identified. ...

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RLJ Equity Partners exits Media Source

RLJ Equity Partners LLC, an affiliate of the Bethesda-based RLJ Cos., announced it has sold its interest in Media Source Inc., of Plain City, Ohio, for an undisclosed amount.

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Tessco to salute women business leaders at LPGA tournament

Tessco Technologies Inc., of Hunt Valley, said it will host a special, invitation-only event saluting women business leaders during the inaugural LPGA International Crown golf tournament to be held July 24-27 at Caves Valley Golf Club in Owings Mills.

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Severn Savings Bank’s earnings rise in 2Q

Severn Bancorp Inc., parent company of Annapolis-based Severn Savings Bank, said its net income for the second quarter of 2014 rose approximately 255 percent over its net income for the comparable period in 2013.

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NW Bio expands cancer drug study

Northwest Biotherapeutics Inc., of Bethesda, which is developing non-toxic personalized immune therapies for solid tumor cancers, said it completed recruiting patients for the first phase of a clinical trial testing the efficacy of a potential cancer drug.

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ImQuest gets FDA nod for clinical trial

ImQuest Pharmaceuticals, of Frederick, which develops novel therapeutic agents for the treatment of infectious diseases, and products for women’s health, said it received Food and Drug Administration approval for a clinical trial of a vaginal gel to prevent HIV transmission to women.

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Frederick bank sees profit slip in 2Q

Frederick County Bancorp, the parent company of Frederick County Bank, reported second-quarter net income of $377,000, or 25 cents per diluted share, compared to net income of $490,000, or 32 cents per diluted share, for the year-ago period.

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RLJ Lodging acquires hotel in Atlanta

RLJ Lodging Trust, of Bethesda, a real estate investment trust focused on premium-branded and compact full-service hotels, announced it has acquired the 194-room Hyatt Atlanta Midtown in Atlanta, Georgia.

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