SBA pumping over $1 million more into Baltimore's post-riot recovery The U.S. Small Business Administration will channel more than $1 million in additional assistance toward Baltimore businesses in an attempt to help them rebuild after recent rioting and unrest.
The new assistance package, announced Friday by SBA Administrator Maria Contreras-Sweet, Baltimore Mayor Stephanie Rawlings-Blake and members of Maryland's Congressional delegation, includes funding for micro loans, grants and training. Contreras-Sweet also pledged to emphasize technical assistance, entrepreneurial…
Fri, 29 May 2015 17:59:31 +0000 Conquistador Apartments sold for $30M to Miami investor The Conquistador Apartments in Davie were acquired by a Miami investor for $29.9 million.
Les Chalet Investments, managed by Tomas Cabrerizo, purchased the two-story, garden-style complex at 7400 Stirling Road from Conquistador Apartments LLC, a Miami-based company headed by Paul Skoric. It has 318 units, so the price works out to $94,025 per unit.
Miami-based City National Bank of Florida provided a $26 million mortgage to the buyer.
The 236,654-square-foot apartment complex on 14.1 acres was…
Fri, 29 May 2015 17:58:49 +0000 Popular East Passyunk burger joint adds seating, lowers prices Since it opened in February, East Passyunk Avenue’s only burger joint P’unk Burger has sold more than 10,000 burgers, according to co-owner Marlo Dilks, but the restaurant has had to make a few tweaks to its operations due to customer feedback.
“We evolved the concept,” Dilks said. “We evolved and tweaked it in a few different ways to meet customers and what they were saying to us.”
The restaurant was strictly counter service when it opened, but customers “wanted to be waited on and…
Fri, 29 May 2015 17:58:35 +0000 Hey gamers: DARPA wants you to battle alien invaders to help identify software bugs Want to battle alien invaders? Explore a kingdom of monsters and solve puzzles to get rich? Here's your chance to do it for the Defense Department.
Indeed, Defense Advanced Research Projects Agency is expanding its program that uses publicly accessible online games to accelerate the verification of software. So far, it’s helped produce hundreds of thousands of what DARPA described in an announcement as “program annotations” — metadata that provide some comments — in common software programming…
Fri, 29 May 2015 17:56:38 +0000 Marc Jacobs brings in Cher: I got you baby boomers? Designer Marc Jacobs has chosen a familiar face for his eponymous brand’s upcoming ad campaign, but don’t look for some unknown ingénue. It’s Cher.
Jacobs took to Instagram to announce that news, posting a photo of the pop diva and Oscar-winning actress posing in a long black dress and gloves from the designer's fall 2015 collection. "The first face of our Fall '15 ad campaign Cher." Nearly 30,000 fans liked the idea of Cher on Instagram.
The New York-based company's past fashion campaigns…
Fri, 29 May 2015 17:55:43 +0000 Owners of Slice to team with former Satterfield's chef on Lakeview restaurant The brothers behind Slice Pizza & Brew are teaming with a prominent Birmingham chef for another new restaurant in Lakeview.
Jeff, Chris and Jason Bajalieh, co-owners of both Slice and Sol's Sandwich Shop & Deli, are partnering with Haller Magee, former executive chef at Satterfield's, to open Sky Castle Gastrolounge in Lakeview's 29 Seven development.
The new eatery will take 45,000 square feet in the mixed-use development. Sky Castle is scheduled to open in fall 2015.
The restaurant will feature…
Fri, 29 May 2015 17:55:04 +0000 Boston's Restaurant & Sports Bar breaks ground in Harford Boston’s Restaurant & Sports Bar, which actually hails from Texas, has tapped Harford County for its second location in Maryland.
The chain broke ground at 3459 Merchant Boulevard in the Boulevard at Box Hill Shopping Center. The 6,620-square-foot restaurant is expected to open in October and employ 50 to 70 people.
Boston's will be the fourth restaurant in the three-year-old shopping center, which is already home to Joe's Crab Shack and Lemon N Ginger. Also in the mix are casual restaurants,…
Fri, 29 May 2015 17:55:00 +0000 Vienna-based contractor alleges fraud tied to its $750K investment in a UK company Investments can sometimes go sour. Vienna-based OBXtek Inc. claims it learned that first hand.
The company, which provides information technology services to the federal government and was the Washington Business Journal’s fastest growing company for 2014, accused a U.K. business executive of fraud by negotiating an investment from OBKtek in his mobile technology company, while secretly standing up a new company that would steal away clients.
According to a May 22 lawsuit filed by OBXtek in the…
Fri, 29 May 2015 17:54:50 +0000
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