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Former MD congressman’s Forbright valued at $870M after shares fall in debut
Forbright, the Maryland-based bank founded by former U.S. Rep. John Delaney, was valued at $870 million after its shares fell in their Nasdaq debut.
After raft of appointments, voters in this Montgomery County district will finally get their say
Critics say District 16, in Montgomery County, is the poster child for everything that’s wrong with the current system for filling vacancies in the Maryland General Assembly.
In Hagerstown, a push to lower the voting age runs into a $100,000 hurdle
Hagerstown's effort to lower the voting age to 16 faces a $100,000 cost barrier due to state election rules.
MD-based group buys Minneapolis senior housing facility for $27.8M
Lakeville, Minnesota-based The Pillars of Lakeville was sold to Maryland-based Artemis Real Estate Partners for $27.78 million.
Saks Global to close MD store as part of restructuring
Saks Global said it was closing 15 more stores — including one in Maryland — as the luxury retailer tries to cut losses.
JBG Smith earns 4-star rating in sustainability benchmark
A Chevy Chase developer of mixed-use properties in and around Washington has received a high rating from the Global Real Estate Sustainability Benchmark.
Jury conjures guilty verdict in Maryland woman’s fraud trial
An investment adviser was convicted Wednesday of charges she defrauded investors out of millions of dollars, some of which she used to pay more than $800,000 for prayers by Hindu priests in India to ward off federal investigators.
Jury deliberating in fraud trial of Ponzi scheme suspect
GREENBELT — A federal jury began deliberating Tuesday in the trial of an investment adviser charged with orchestrating a multimillion-dollar Ponzi scheme to finance her lavish lifestyle, including spending more […]
Md. firm’s web platform gains Md. society’s addiction medicine tools
FEI Systems, an information technology company based in Columbia, has upgraded its web platform for substance abuse and mental health data with addiction assessment tools.
Chevy Chase-based FCP plans Charleston rehab project
Federal Capital Partners, of Chevy Chase, a privately held real estate investment company that owns and manages in excess of $2.3 billion in assets, said it has joined with a group of investors in Charleston, S.C., called Roi-Tan Investments LLC, to acquire the historic Cigar Factory Building on Charleston’s Cooper River waterfront.
Ritz-Carlton opens 1st hotel in Israel
The Ritz-Carlton Hotel Co., of Chevy Chase, announced the opening of The Ritz-Carlton Herzliya, its first luxury resort in Israel.
GEICO seeks auto insurance adjusters
GEICO, of Chevy Chase, the third largest private passenger auto insurance company in the nation, will hold a job fair for auto damage adjusters at the Ten Oaks Ballroom and Conference Center in Clarksville on Sept. 24, beginning at 9 a.m.
