Sign In
Free Newsletter
The selling of the Senator Theatre
The sale of Baltimore’s historic Senator Theatre was approved Wednesday by the city Board of Estimates for $500,000 — more than the property’s assessed value $350,000.
James Cameron’s visual effects firm Digital Domain sold for $30M
NEW YORK — The bankrupt digital production company founded by director James Cameron will be sold to a joint venture formed between a Chinese media company and an Indian counterpart for $30.2 million. A U.S. subsidiary of Beijing Galloping Horse Film & TV Co. and Mumbai-based Reliance MediaWorks teamed up to outbid other companies in […]
Week in review – 5/25/12: Sparrows Point mill may be sold
Can Roland Park group buy BCC land? Residents of the well-groomed, historic Roland Park community are being asked to dig deep in their pockets to help purchase 17 acres of rolling open space at the Baltimore Country Club as part of a $10 million fundraising campaign. Nearly 150 residents attended the annual meeting of the […]
AT&T to sell most of Yellow Pages to Cerberus
NEW YORK — AT&T Inc. on Monday said it agreed to sell a majority stake in its Yellow Pages business to the private-equity firm Cerberus Capital for $950 million. The sale is part of AT&T’s strategy to jettison shrinking parts of its business so it can focus on segments that are growing, particularly its wireless […]
Investors buy Philly newspapers for $55M
PHILADELPHIA — A group of powerful local business leaders announced Monday that they have purchased Philadelphia’s two largest newspapers from hedge funds for approximately $55 million, a fraction of what investors paid for them in 2006. It is the fifth time in six years the newspapers are being sold. The buyers, who include influential New […]
Bank of America sells 400M shares, $2.3B in debt
NEW YORK — In an effort to strengthen its balance sheet, Bank of America in the first two weeks of December sold 400 million common shares and issued $2.3 billion in debt to replace $5.8 billion of preferred stock. The preferred stock was more expensive for Bank of America Corp.’s balance sheet because it paid […]
Inn at Government House sold to local investor group
The ornate and historic Inn at Government House was sold by Baltimore to a group of local investors who hope to redevelop the city’s official guest house and two adjoining rowhouses into a 17-room boutique hotel and restaurant. The city’s Board of Estimates approved the sale last week to Mount Vernon Mansion LLC for $750,000. […]
Pennysaver company sold
Pennysaver Inc. of Hanover, publisher of the Maryland Pennysaver, has been sold by an affiliate of Blackstreet Capital Partners of Chevy Chase to All Island Media Inc., a shopper publication group that distributes 850,000 specialty publications, including Pennysaver, in Nassau and Suffolk counties in New York. Financial terms of the transaction were not disclosed. The […]
Loch Raven Village sold for $26M
Loch Raven Village apartments has been purchased by a New Jersey-based private equity real estate group that plans to spend $4 million in upgrades to the struggling, 61-year-old complex this year. Tryko Partners LLC bought the 495-unit rental community, located in Parkville on Loch Raven Boulevard near Joppa Road, for $26 million. The 20-acre development […]
$3.2M raised, 50K Grand Prix tickets sold
For an event that’s causing a lot of headaches and consternation for Baltimore’s drivers, the tickets and money have been coming in quickly. Baltimore Grand Prix organizers say they have raised more than $3.2 million from private investors, hitting their target for the race. Additional money will be raised through ticket sales and other means, […]
Week in review: 4/22/11
Baltimore, state mourn Schaefer William Donald Schaefer, Baltimore’s former mayor and Maryland’s former governor and comptroller, died Monday at 89. He will lie in repose Monday at the State House in Annapolis and Tuesday at Baltimore City Hall. His funeral will take place at 11 a.m. Wednesday at Old St. Paul’s Episcopal Church in Baltimore, with […]
Superfresh stores in Md. to be sold
The parent company of Superfresh said Wednesday it wants to sell nearly all of its stores in Maryland as part of its plan to emerge from bankruptcy. The Great Atlantic & Pacific Tea Company Inc. said in a release that it is seeking court approval of bidding procedures to market and sell 25 Superfresh stores, […]
