NEWS
By Joel Brinkley | April 20, 2013
A plague of locusts swept through Egypt a few weeks ago, an estimated 30 million of the critters. Egyptian officials tried to downplay the phenomenon, hoping to quash any biblical analogies. They noted that locust swarms show up in the spring every now and then. But more earthly indicators suggest that the blighted Egyptian government is in such deep political and economic trouble that perhaps the analogy is apt. Experts and senior government officials worldwide are warning that Egypt's economy is hurtling toward collapse.
BUSINESS
By Steve Kilar and The Baltimore Sun | January 24, 2013
Among Baltimore's neighborhoods, the hip community of Hampden is forecast to see the most home value appreciation this year, according to data-driven real estate search website Zillow. Home values in that North Baltimore district should see a 4.2 percent increase over the next 12 months, according to a report the firm recently released. Zillow considers an annual appreciation of about 3 percent to be the national norm. Locust Point and Highlandtown are tied for second place in the Baltimore forecast.
CLASSIFIED
By Marie Marciano Gullard, For The Baltimore Sun | January 9, 2013
Like many young professionals who work in or near Baltimore, Jon and Jenny Kraft searched for city properties when they decided to build a home together. "We looked at myriad different houses and could not find one that was designed for how we live and was also located in a walkable community," said Jon Kraft. His wife noted that parking, open layout, roof deck, fireplace and a minimum of three bedrooms were also priorities. They ultimately found a tailor-made answer to their requirements in The Townes at Locust Point, an enclave of 71 three-story brick townhouses built by Ruppert Homes Urban Redevelopment.
BUSINESS
By Steve Kilar and The Baltimore Sun | December 13, 2012
Baltimore's urban design panel on Thursday approved a developer's request to build townhouses on land in Locust Point that had been slated for residential towers and a mixed-use complex. The two parcels, on either side of the Silo Point condo building, will have about 50 townhouses divided between them, according to plans presented to the panel by the architects for Mark Sapperstein, the developer of McHenry Row. The decision to build townhomes instead of taller residential office buildings was a reaction to market demands and input from the community, which would prefer shorter structures on those sites, Sapperstein said.
BUSINESS
By Eileen Ambrose, The Baltimore Sun | November 6, 2012
Two small thrifts founded many decades ago to cater to Baltimore's immigrant population could merge as early as the end of November following approval Monday by a federal regulator. Kopernik Federal Bank in Fells Point and Hull Federal Savings Bank in Locust Point each have one office, and both will remain open and operate under the Kopernik name after the merger. The marriage of these two institutions — opened a combined 189 years — is just another sign of the difficulties of small financial institutions, banking analysts said.
NEWS
By Kevin Rector, The Baltimore Sun | September 28, 2012
Baltimore's Fire Department is overhauling its rescue teams and converting its Locust Point station into a new command center — moves designed to increase the availability of firefighters trained to work in deep water, collapsed buildings and other dangerous locations. Fire Chief James S. Clack said the changes — which come after a December accident that shut down the dive team — are needed to address shortcomings in the agency. Baltimore, he said, has fallen "a little behind" other big cities since the Sept.