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BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,Staff Writer | November 11, 1992
In a long-anticipated development, architecture firm RTKL Associates Inc. said yesterday that it has reached a deal to slash in half its lease commitment to the nearly finished Commerce Place tower at 1 South St.The move, taken jointly by RTKL and its future landlord and one-time Commerce Place partner Harlan/KDC Associates Inc., was a response to depressed architecture business conditions that have forcedRTKL to lay off about a third of its staff since...
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NEWS
By John Rivera and John Rivera,SUN STAFF Sun staff writer Edward Gunts contributed to this article | October 19, 1995
A bill that would allow the city to condemn several buildings in the 300 block of E. Baltimore St. has aroused the ire of preservationists, who say some of the structures are historic and should be preserved.Demolition would clear the way for a proposed parking garage. The proposal is to come before the Planning Commission at a hearing today.Construction of a parking garage was stipulated in the lease that Alex. Brown Inc. negotiated with the city and the owners of Commerce Place across the street, where the investment firm will consolidate its offices.
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BUSINESS
By Edward Gunts | July 24, 1991
Unable to move to the Trammell Crow Co.'s One Light Street office tower because construction hasn't started yet, principals of the law firm of Shapiro and Olander have opted to relocate to the 30-story Commerce Place tower.Representatives of the Harlan Co., part of the joint venture building the $90 million Commerce Place tower at Baltimore and South streets, said the law firm has signed a letter of intent to lease the 22nd and 23rd floors of the building -- about 42,000 square feet of space -- and to take occupancy by Sept.
BUSINESS
By Kevin L. McQuaid and Kevin L. McQuaid,SUN STAFF | September 30, 1995
Alex. Brown Inc. completed the largest downtown office lease of the decade yesterday, and at the same time cemented its headquarters presence in the city well into the next century.The venerable investment banking firm's commitment to the 30-story Commerce Place skyscraper ends a lengthy search for a headquarters location, as well as a fear the company would exit its home city of 195 years and pull 920 professional jobs from Baltimore."The economics of our lease are such that we'll be able to upgrade our space, bring operations together and not increase our rental costs," said A. B. "Buzzy" Krongard, Alex.
BUSINESS
By Kevin Thomas and Kevin Thomas,Evening Sun Staff | May 1, 1991
The developers of Commerce Place, a 30-story tower currently under construction in downtown Baltimore, were hammering away yesterday at what makes their building unique. But it took David Gillece to drive it home."Buildings such as this are not being built in the suburbs," said Gillece, who is president of the Baltimore Economic Development Corp. "It's a uniquely urban building."Underscoring that was the purpose of an elaborate gathering yesterday in the unfinished lobby of Commerce Place.
BUSINESS
By Edward Gunts | May 1, 1991
As construction crews hammered and sawed and poured concrete overhead, New York developer Leonard Harlan joined with Baltimore officials yesterday to show off the latest weapon in the office leasing war with the suburbs: the 30-story Commerce Place office tower at 1 South St."We think we may be part of reversing the trend" in which companies have been moving from the center city to the suburbs, said Mr. Harlan, whose development company is working in a joint venture with Kajima Development Corp.
BUSINESS
By Kevin Thomas and Kevin Thomas,Evening Sun Staff | October 25, 1991
The law firm of Shapiro and Olander is backing out of plans to move its offices to Commerce Place, the 30-story high-rise currently under construction in downtown Baltimore.Managing partner Christopher Olander said that the firm had abandoned its plan to occupy 42,000 square feet at Commerce Place when the building is completed in late 1992.A year ago, Shapiro and Olander signed a "non-binding expression of intent" to lease space at the 450,000-square-foot skyscraper, Olander said. Economic pressures, however, forced the company to recently revise those plans.
BUSINESS
By Kevin L. McQuaid and Kevin L. McQuaid,SUN STAFF | September 30, 1995
Alex. Brown Inc. completed the largest downtown office lease of the decade yesterday, and at the same time cemented its headquarters presence in the city well into the next century.The venerable investment banking firm's commitment to the 30-story Commerce Place skyscraper ends a lengthy search for a headquarters location, as well as a fear the company would exit its home city of 195 years and pull 920 professional jobs from Baltimore."The economics of our lease are such that we'll be able to upgrade our space, bring operations together and not increase our rental costs," said A. B. "Buzzy" Krongard, Alex.
BUSINESS
By Edward Gunts | December 27, 1990
Kajima International, general contractor of the 30-story Commerce Place now under construction downtown, has been selected to build its second high-rise in Baltimore, the first residential tower of the $600 million HarborView community off Key Highway.The U.S. subsidiary of one of the world's largest construction companies, with headquarters in Japan, Kajima International was selected earlier this month over four other companies that submitted bids to serve as general contractor for the above-ground portion of the 27-story tower, called 100 HarborView Drive.
BUSINESS
By Timothy J. Mullaney | September 2, 1992
Averza's bid appears lowest on city garageBaltimore has an apparent winner in the competition to build a 550-space parking garage just south of Penn Station, but Joseph Averza & Sons Inc. of Baltimore will have to wait awhile to find out whether it will get the job.Averza offered to do the work for $9.14 million, the lowest of four bidders, said Harry McCullough, a consultant to the city who is retired from the city Department of Transportation. Averza cut about $740,000 off a bid it submitted for the work in April, Mr. McCullough said .The city originally bid the job in April, and Omni Construction of Bethesda was the apparent low bidder, at $9.17 million.
BUSINESS
By Kevin L. McQuaid and Kevin L. McQuaid,Sun Staff Writer | July 12, 1995
The owner of the Southern Hotel and adjacent buildings is evaluating amending its plan to develop a 45-story skyscraper on the Light Street site in favor of two smaller office buildings.Capital Guidance Corp.'s consideration of alternatives to its planned $190 million 1 Light St. tower comes on the heels of Alex. Brown Inc.'s decision in May to relocate its headquarters to the 30-story Commerce Place building at 1 South St."Two building sites would allow a tenant the premier location without having to commit to 200,000 square feet," said J. James Clarke, president of J. J. Clarke Enterprises Inc., the Paris-based investment firm's local representative.
NEWS
By Edward Gunts and Edward Gunts,Sun Staff Writer | July 6, 1995
It survived the Great Fire of 1904, but will it survive the Great Move of 1997?That's the issue confronting the historic Alexander Brown & Sons building at 135 E. Baltimore St., a brick-and-granite landmark that is likely to be vacated as a result of the investment banking firm's recent decision to consolidate nearly 1,000 downtown employees in the Commerce Place office tower at 1 South St.Although Brown's decision to stay downtown has been hailed as...
NEWS
June 6, 1995
Alex. Brown Inc.'s decision to stay downtown and take up residence in a 30-story skyscraper that will carry its name are reasons for celebrating. If nothing rocks the deal, it should be a boon for the Baltimore Street corridor.The Alex. Brown move, by March 1997, would bring occupancy in Commerce Place to 80 percent. What a change. Since its opening in 1992 during the recession, Commerce Place has been largely empty. Bringing nearly 1,000 professionals into the building should prove a boost to the entire area.
NEWS
By Jacques Kelly and Jacques Kelly,Staff Writer | January 16, 1994
Sleek office buildings, chic restaurants and glittering retail shops won't quickly displace The Block's seedy businesses, say real estate executives familiar with the area."
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,Staff Writer | November 3, 1993
Architecture firm RTKL to expandOne more sign of a thaw in the icy world of commercial development: RTKL Associates Inc., the state's largest architecture firm, plans to expand its downtown headquarters."
BUSINESS
February 24, 1993
AT&T reaches deal with ChinaIn a deal that could be worth billions of dollars over the next several years, China agreed yesterday to discuss buying a wide range of equipment from AT&T, including switching and transmission systems, cellular telephones, and business phones and computer networks.AT&T and China signed a memorandum of understanding to jointly develop manufacturing plants and research and development projects as China expands and modernizes its telecommunications systems.Nissan, Nippon to cut jobsNissan Motor Co. and Nippon Telegraph and Telephone Corp.
BUSINESS
February 24, 1993
AT&T reaches deal with ChinaIn a deal that could be worth billions of dollars over the next several years, China agreed yesterday to discuss buying a wide range of equipment from AT&T, including switching and transmission systems, cellular telephones, and business phones and computer networks.AT&T and China signed a memorandum of understanding to jointly develop manufacturing plants and research and development projects as China expands and modernizes its telecommunications systems.Nissan, Nippon to cut jobsNissan Motor Co. and Nippon Telegraph and Telephone Corp.
NEWS
June 6, 1995
Alex. Brown Inc.'s decision to stay downtown and take up residence in a 30-story skyscraper that will carry its name are reasons for celebrating. If nothing rocks the deal, it should be a boon for the Baltimore Street corridor.The Alex. Brown move, by March 1997, would bring occupancy in Commerce Place to 80 percent. What a change. Since its opening in 1992 during the recession, Commerce Place has been largely empty. Bringing nearly 1,000 professionals into the building should prove a boost to the entire area.
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,Staff Writer | November 11, 1992
In a long-anticipated development, architecture firm RTKL Associates Inc. said yesterday that it has reached a deal to slash in half its lease commitment to the nearly finished Commerce Place tower at 1 South St.The move, taken jointly by RTKL and its future landlord and one-time Commerce Place partner Harlan/KDC Associates Inc., was a response to depressed architecture business conditions that have forcedRTKL to lay off about a third of its staff since...
BUSINESS
By Timothy J. Mullaney | September 2, 1992
Averza's bid appears lowest on city garageBaltimore has an apparent winner in the competition to build a 550-space parking garage just south of Penn Station, but Joseph Averza & Sons Inc. of Baltimore will have to wait awhile to find out whether it will get the job.Averza offered to do the work for $9.14 million, the lowest of four bidders, said Harry McCullough, a consultant to the city who is retired from the city Department of Transportation. Averza cut about $740,000 off a bid it submitted for the work in April, Mr. McCullough said .The city originally bid the job in April, and Omni Construction of Bethesda was the apparent low bidder, at $9.17 million.
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