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The Baltimore Sun | August 22, 2012
Acadia-MCB Holding Co. LLC, a joint venture between affiliates of Baltimore-based MCB Real Estate LLC and Acadia Realty Trust, announced Wednesday the acquisition of the 265,000-square-foot Arundel Plaza on Ritchie Highway in Glen Burnie. Arundel Plaza, which is anchored by a Giant supermarket and a Lowe's home-improvement store, is the third center acquired by the joint venture in the past year and a half, according to a statement from Acadia Realty Trust, based in White Plains, N.Y., and MCB Real Estate.
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ENTERTAINMENT
by Richard Gorelick and The Baltimore Sun | November 14, 2012
Longtime general manager David Derewicz is leaving his position at the Prime Rib . His departure was confirmed by the restaurant's owner, Buzz Beler, who described the parting as amicable. Two familiar figures at the Prime Rib, John Klaus and Brad Black, will now be co-managing the storied steak house, and Prime Rib regulars will be seeing more of Beler himself. "I'll be taking over," said Beler, who relegated himself to an ownership role during Derewicz's long and widely admired tenure.
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BUSINESS
By Los Angeles Times | October 30, 1991
DETROIT -- Mitsubishi Motors Corp. finally agreed to buy Chrysler Corp.'s half-interest in their joint U.S. carmaking venture for $100 million, ending months of prickly negotiations against a heavily political backdrop.The buyout was triggered by Chrysler's desperate need for cash, but it also enables Mitsubishi to portray itself as helping out a company known for Japan-bashing. And it gets Chrysler out of a politically awkward partnership.The two companies said yesterday that they would continue their other commercial arrangements.
BUSINESS
By Steve Kilar and The Baltimore Sun | November 2, 2012
The Cordish Cos. has entered into a joint venture that plans to apply for a license to develop a casino in Philadelphia, the Baltimore-based developer announced Friday. Cordish developed and runs Maryland Live casino at Arundel Mills mall. Greenwood Gaming and Entertainment Inc., the owner-operator of a six-year-old gambling facility outside Philadelphia, is forming the joint venture with Cordish. They're calling it Stadium Casino LLC, Cordish said. The name references the area of Philadelphia where the joint venture is proposing to build its casino, which will house both slots and table games.
BUSINESS
August 6, 1997
Baltimore-based Sylvan Learning Systems Inc. said yesterday that it has signed a letter of intent with Identix Inc. of Sunnyvale, Calif., to form a joint venture company to provide fingerprint services at 30 to 40 of its testing centers and locations for adult professional education.The educational services company said the venture is a natural progression from testing that the two companies give applicants who want to become professionals in such fields as teaching and the stock market."The same people who have to be tested also have to have their fingerprints taken," said Doug Becker, president and co-chief executive officer of Sylvan.
BUSINESS
By David Conn | January 25, 1991
C Bethlehem Steel Corp. announced yesterday plans to form a joint venture with Britain's largest steelmaker that could cost up to 2,000 jobs and will result in a half-billion-dollar restructuring charge in the fourth quarter of 1990.Company spokesmen said the proposed venture would have no effect on Bethlehem's Sparrows Point plant in southeastern Baltimore County or on the roughly 7,000 people who work there.Yesterday's announcement that a letter of intent had been signed to study a joint venture with British Steel Corp.
BUSINESS
By Kevin L. McQuaid and Kevin L. McQuaid,Sun Staff Writer | January 11, 1995
The Johns Hopkins University School of Medicine has teamed with a biopharmaceutical company to develop and market drugs and processes for the treatment of cancer and other diseases, the university announced yesterday.Through a new company named Gryphon Pharmaceuticals Inc., the joint venture between Osiris Therapeutics Inc. and the university will focus on cells responsible for blood and immune system formation and maintenance. The university expects thatGryphon products could have applications in the treatment of leukemia, anemia and some tumors.
BUSINESS
By Timothy J. Mullaney | September 24, 1991
A new joint venture of two established shipping firms will begin service between South America and the port of Baltimore's Seagirt Marine Terminal Oct. 7, the Maryland Port Administration said yesterday.Mediterranean Shipping Co. of Geneva, Switzerland, and Empremar S.A., the national steamship line of Chile, will team up in a venture that will call at Seagirt once every three weeks initially, and then every two weeks after the service is established.The port administration says the venture will handle 6,000 containers of cargo per year.
BUSINESS
By Ellen James Martin and Ellen James Martin,Staff Writer | June 17, 1992
The Ryland Group announced yesterday that it plans to export factory-built homes to Moscow through a joint venture with two Russian partners.Ryland, which through its trading company already has an agreement to sell the prefabricated homes in St. Petersburg, hopes eventually to have homebuilding factories in several Russian cities.Officials of the Columbia company, one of the country's biggest homebuilding and mortgage-finance companies, said the profit potential of such ventures remains unclear.
BUSINESS
By Kevin L. McQuaid and Kevin L. McQuaid,SUN STAFF | November 15, 1997
Potomac Electric Power Co. and a New York alternative energy supplier have formed a partnership, a move that could have wide-ranging and negative implications for Baltimore Gas and Electric Co.'s planned merger with Pepco.The joint venture between the Washington utility and Trigen Energy Corp., which directly competes with BGE in downtown Baltimore, was formed to study the potential for heating and cooling federal government buildings in Washington."The federal government spends millions of dollars each year to run steam plants in downtown Washington," said Thomas R. Casten, Trigen Energy's president and chief executive.
BUSINESS
The Baltimore Sun | August 22, 2012
Acadia-MCB Holding Co. LLC, a joint venture between affiliates of Baltimore-based MCB Real Estate LLC and Acadia Realty Trust, announced Wednesday the acquisition of the 265,000-square-foot Arundel Plaza on Ritchie Highway in Glen Burnie. Arundel Plaza, which is anchored by a Giant supermarket and a Lowe's home-improvement store, is the third center acquired by the joint venture in the past year and a half, according to a statement from Acadia Realty Trust, based in White Plains, N.Y., and MCB Real Estate.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | August 10, 2012
Court records filed Friday show that the high bidder for the Sparrows Point steel mill is a Missouri redevelopment firm called Environmental Liability Transfer. An official with the company, which bid $72 million, said in an interview Friday that Environmental Liability Transfer is doing a joint venture with Hilco Trading, an Illinois liquidator that was identified as the buyer by the local United Steelworkers union and in an internal email to Sparrows Point managers. "That's all I can say at this time," said Tom Roberts, principal of Environmental Liability Transfer.
NEWS
By Steve Kilar, The Baltimore Sun | April 28, 2012
The Maryland medical society and attorney general's office launched a website Saturday aimed at helping doctors file complaints with the state when insurance companies refuse to cover patient care. "Essentially, our goal was to educate our patients and our physicians that there is an avenue for these complaints," said Gene Ransom III, CEO of MedChi, the state medical society. "We thought, 'Let's make it easier.'" The site, called Insurance Watch, is hosted on the Internet by the medical society.
BUSINESS
By Hanah Cho, The Baltimore Sun | February 17, 2012
Constellation Energy Group, which is selling itself to Exelon Corp., reported a loss Friday in the fourth quarter, what is expected to be the energy giant's last earnings release as a publicly traded Baltimore company. Its earnings came out before the Maryland Public Service Commission approved the proposed $7.9 billion proposed merger between Constellation and Exelon, contingent on several dozen conditions. It lost $583.6 million, or $2.91 per share, in the three months ended Dec. 31, compared with a profit of $159.8 million, or 80 cents per share, in the corresponding period the previous year.
NEWS
By Edward Gunts, The Baltimore Sun | January 17, 2012
Exelon Corp. and Constellation Energy Group have reached an agreement with Electricite de France, a large Constellation shareholder, for the French utility to withdraw its opposition to a proposed merger between the companies. The terms of the agreement address Constellation Energy Nuclear Group, a joint venture between Constellation and EDF that owns and operates three nuclear facilities with generating units in Maryland and New York. No payment was made by either party associated with the agreement, which reaffirms the terms of the joint venture.
NEWS
By Andrea K. Walker, The Baltimore Sun | August 3, 2011
W.R. Grace & Co. is expanding one of its joint ventures to provide more products and services to petroleum refiners in places such as the Middle East, the Columbia-based chemical maker announced Wednesday. The joint venture, Advanced Refining Technologies, was created to develop and supply hydroprocessing catalysts to refiners. The venture is a partnership between Grace, Chevron Products Company and Kuwait Catalyst Co. Kuwait Catalyst, which provides these catalysts to the Persian Gulf region, is the largest shareholder.
BUSINESS
By Greg Schneider and Greg Schneider,SUN STAFF | June 3, 1997
Who will bring home shopping channels to Fidel Castro?Lockheed Martin Corp., of course.The seemingly omnipresent defense giant said yesterday that it will form a joint venture with the Russian-led Intersputnik consortium to set up a global satellite communications system, as part of an aggressive Lockheed Martin push into former Soviet markets and technologies."
NEWS
By TYRONE RICHARDSON and TYRONE RICHARDSON,SUN REPORTER | February 26, 2006
A partnership to split the cost of maintaining new downtown Columbia streets, sidewalks and other infrastructure is being considered. After two brainstorming sessions, the county, the Columbia Association and Chicago-based General Growth Properties Inc. reached a decision to seek the joint venture. But representatives of the three organizations reminded residents last week that the idea is a work in progress. During a meeting Thursday night, association President Maggie J. Brown told the Columbia Association board about the possible venture.
BUSINESS
By Edward Gunts, The Baltimore Sun | January 10, 2011
One of the largest collections of property on Baltimore's Inner Harbor — the last four undeveloped parcels of the HarborView community — was put up for sale Monday. CB Richard Ellis, or CBRE, a commercial real estate services firm, announced Monday that it has set Feb. 1 as the deadline for prospective buyers to express interest in acquiring or investing in one or more of the parcels at HarborView, the upscale community along Key Highway that Baltimore businessman Richard Swirnow and others have built over the past two decades.
ENTERTAINMENT
By David Zurawik, The Baltimore Sun | December 23, 2010
When Maryland-based Discovery Communications and Oprah Winfrey announced a partnership in 2009 to launch Winfrey's OWN cable channel, it immediately vaulted the Silver Spring media operation into a new league. Oprah's move to Discovery was the talk of the entertainment industry, and within hours of the announcement, J.P. Morgan was circulating a financial analysis titled "Much Ado About Oprah. " "Discovery appears to be the winner in this announcement," the Morgan analysis said.
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