Anshen and Allen Architects to move from St. Paul to...

BUSINESS DIGEST

October 03, 1995

Anshen and Allen Architects to move from St. Paul to Pratt

Anshen and Allen Architects will relocate next month to 250 W. Pratt St. in Baltimore from its current offices at 2526 St. Paul St., the firm announced yesterday.

"Downtown is the place to be for us," said Ed Hord, a principal. "This location will put us near some of the current projects we are working on and give us close access to I-395 so we can get to the Washington area quickly for our projects there."

Anshen and Allen will lease 10,000 square feet on the 10th floor of 250 West Pratt, which has views of the Inner Harbor and Oriole Park at Camden Yards. New offices were needed, said Mr. Hord, because the company has doubled its staff in the last two years to 36. CB Commercial was the leasing agent for the deal.

INTERSOLV offers new data products

Rockville-based INTERSOLV, which provides open client/server development solutions, says it has begun marketing new products for the data warehousing and business intelligence markets.

The new products being released for the market by the publicly traded company include DataDirect SmartData and DataDirect Explorer. The products allow users to rapidly access warehoused information, locate it in logical business terms, and distribute a wide range of business information through electronic mail and the Internet, including charts, graphs, and reports.

The new products will sell for between $199 and $799, the company said. INTERSOLV had revenues last year of about $120 million and has licensed more than 350,000 products for sale.

Host Marriott names Nassetta vice president

Bethesda-based Host Marriott Corp. has announced that Christopher J. Nassetta, president of Bailey Realty Corp. in Washington, will join the company as executive vice president.

Mr. Nassetta will supervise real estate operations, asset management and administration.

Mr. Nassetta co-founded highly successful Bailey Realty in 1991, and has been responsible for the operations of the real estate investment and advisory firm.

MCI to provide more financial reports

MCI Communications Corp. says it will provide expanded financial reporting, beginning with its 1995 year-end results.

The company will separate the results of its core long-distance business from its new ventures, which include MCImetro, wireless, international alliances and its multimedia initiatives with The News Corporation Ltd.

Under the new reporting structure, financial statements will be augmented with details specific to MCI's core business and venture performance. Business trends, capital allocations and operational performance of each of the major ventures also will be provided.

Kmart to sell remaining interest in sporting goods chain

The Sports Authority Inc. said yesterday that Kmart Corp. is selling its remaining stake in the sporting goods retailer for about $151 million and will no longer hold an interest in the company.

Last November, Troy, Mich.-based Kmart sold about 71 percent of Sports Authority to the public in an initial public offering. Kmart is selling about 6 million shares for $26 a share in the latest offering.

Of the shares being offered, 4.8 million are being offered in the United States and 1.2 million are being offered in a concurrent international offering outside the United States.

Business failures decline 1 percent in first half of year

Business failures declined 1 percent during the first half of this year to 36,546 -- the lowest level in five years, Dun & Bradstreet Corp. reported yesterday.

Liabilities involved in those failures totaled $11.9 billion, a 12 percent drop from $13.547 billion in the same period a year ago, the business information company said.

Preliminary figures show that U.S. business failures declined 1 percent during the first half of 1995 to 36,546, the lowest level level since 1990.

Only four of the nine geographical regions showed improvement, reversing a trend toward steadily lower failure rates across the country since 1992.

New England states reported the most significant improvement, with 1,796 failures, a reduction of 11 percent. The South Atlantic region had a decrease of 9 percent, led by Delaware's 70 percent fewer failures.

HealthPlan forms alliance with Nationwide

Tampa, Fla.-based HealthPlan Services Corp. said yesterday that it formed an alliance with Nationwide Life Insurance Co. to offer health insurance products to small businesses, and will acquire Diversified Group Brokerage Corp., a Connecticut health care administrator, for undisclosed terms.

Nationwide, one of the country's top five property and casualty insurers, will join with HealthPlan to provide a variety of health care plans to businesses with fewer than 50 employees.

Nationwide's products will be sold through HealthPlan's brokerage and endorsed network of insurance agents starting later this year in Arizona, Georgia, Illinois, Maryland, Michigan, North Carolina, South Carolina, Tennessee, Texas and Virginia.

Britain's Lucas Industries to pay U.S. $88 million

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