8 things to know: Hannon Armstrong completes offering; Jemicy School gets $3M gift; THB bagels meet Old Bay
Baltimore Business Journal
The Baltimore region's source for local business news & events. Part of the American City Business Journals network.
Good morning and happy Wednesday! Enjoy the cooler weather while it lasts. Temperatures are heading up into the high 80s by Friday.
Here's what else you need to know today.
LifeBridge names president of Sinai, Grace Medical
LifeBridge Health on Tuesday tapped an executive at one of Arizona's largest hospitals to become the new president of Sinai Hospital of Baltimore and Grace Medical Center. Amy Shlossman, chief operating officer at Banner University Medical Center Phoenix, will become the new president and chief operating officer of the two Baltimore intuitions in July. Shlossman will take over from interim president and chief operating officer Leslie Simmons as Sinai Hospital works on its ambitious expansion plan, including completing a new cancer center and a renovation of its emergency department.
Jemicy School receives largest donation in school history
Philanthropists Sandy and Malcolm Berman have donated $3 million to the private Jemicy School — the biggest donation in Jemicy’s 50-year history, the school announced on Tuesday. School officials said the Bermans have strong ties to the Jemicy community and a "deep caring for children with dyslexia or other related language-based learning differences." The Bermans, founders of the Pikesville-based Sandra & Malcolm Berman Charitable Foundation, are grandparents and great grandparents of Jemicy students. The school said the gift will help accommodate Jemicy’s growing enrollment through additional classrooms and student gathering space. Plans are underway for the construction of new facilities on both the Lower and Middle School Campus and on the Upper School Campus. The Owings Mills school, founded in 1973, is celebrating its 50th anniversary.
Moore taps filmmaker to advocate for state film industry
Gov. Wes Moore is trying to boost the state's film, television and entertainment industry, with the appointment of Meryam Bouadjemi, a filmmaker and social entrepreneur, as senior adviser and chair of the Maryland Entertainment Council. Bouadjemi will lead a council of industry leaders and experts, to be appointed by Moore, to advise Maryland’s Department of Commerce in expanding the industry. Bouadjemi's appointment comes on the heels of his signing Senate Bill 452, the Film Production Activity Income Tax Credit bill into law. The law expands eligibility for the state income tax credit for certain film production and created the Maryland Entertainment Council. “For Maryland to win the decade, we must compete in industries where we can create unique and enduring value,” Moore said in a news release. “Maryland is already home to globally-celebrated storytellers, a world-class workforce, and locations that are the envy of the country."
Atlas bringing Azumi concept to Texas
Atlas Restaurant Group is bringing its Azumi Japanese restaurant to Houston in the space formerly occupied by its Ouzo Bay restaurant concept. The Baltimore restaurant group closed the Texas Ouzo Bay in April. This will be Atlas' second Azumi concept, adding to the restaurant’s original location in the Four Seasons Hotel in Baltimore. “We’re excited to bring the culinary artistry of Azumi to Houston’s vibrant dining epicenter, River Oaks District, and look forward to creating lasting memories for guests,” said Alex Smith, president and CEO of Atlas Restaurant Group, in a statement.
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Hannon Armstrong completes stock offering
Hannon Armstrong Sustainable Infrastructure Capital Inc. (NYSE: HASI) on Tuesday closed a public offering of 15 million shares of its common stock, according to a filing with the Securities and Exchange Commission. The company said it expects net proceeds from the offering to be approximately $333.1 million after deducting the underwriting discounts and commissions and estimated offering expenses. The Annapolis-based company has said it expects to use the proceeds from the sale for "general corporate purposes." Hannon Armstrong invests in wind, solar and other renewable energy projects. J.P. Morgan, BofA Securities and Goldman Sachs & Co. LLC acted as joint book-running managers for the offering.
Google layoffs led to its shedding of office space
Here's more proof of the struggling office market across the nation. Google LLC, which paused on plans for a huge campus in downtown San Jose earlier this year, is now seeking to offload 1.4 million square feet in Silicon Valley , the San Francisco Business Times, the BBJ's sister paper, reports. The sublease moves come amid a broad cost-cutting effort. In January, the tech titan announced it was letting go 12,000 workers, including more than 1,600 in the Bay Area, in its biggest layoff ever.
THB brings bagels and Old Bay together
Marylanders can't get enough Old Bay seasoning. THB Bagelry & Deli is joining in on the what can we do with Old Bay craze with the introduction of its Asiago Old Bay and Everything Old Bay bagels. Old Bay, made by McCormick & Co, Inc. (NYSE: MKC), combines18 herbs and spices. THB bakers are using the 75-year-old spicy standby on its bagels through Labor Day. A portion of all sales from the seasoned bagels will be donated to the Maryland Chapter of the American Foundation for Suicide Prevention, a cause that is important to the THB community, the bagelry said in a news release. “Around here people jokingly call Old Bay bagels the official state carb of Maryland, and we’re happy to oblige,” Tony Scotto, owner of THB Bagelry & Deli, said in announcing the bagel promotion.
ICYMI: Take a peek inside boxer Gervonta Davis' new digs
Entrepreneur Scott Plank sold his swanky condo in the Silo Point condominium tower in Locust Point to a rising star in the boxing world. Lightweight champion Gervonta "Tank" Davis plunked down $3.4 million for the 5,000-square-foot condo on Friday. Charlie Hatter, CEO and co-owner of Monumental Sotheby's International Realty, said he brokered both sides of the deal.
Joanna Sullivan, Editor-in-Chief of the Baltimore Business Journal, can be reached at [email protected].
American Cancer Society Communications Director
1 年8 things- always a fun, interesting read!