Tuesday, January 24, 2017

In This Issue:

2017 Forecast: A Generally Positive Vibe »

Maryland’s location next to the Nation’s Capital, its education and income levels, and its standing as one of the greatest high tech settings in the U.S. have not always equaled acknowledgement as one of the premiere locales to do business in the country.

Howard County: A Message From County Executive Allan Kittleman »

When I came into office as Howard County Executive two years ago, my top goals were to make government more transparent and fiscally sound, and to improve the quality of life for all who live and work here.

Amid Serious Cases, Law Partners Say: ‘We Also Need to Laugh’ »

Sitting at a table with Mark Muffoletto, Karen Amos and Paul Mack feels like having dinner with a family that knows how to laugh together. Their humorous rapport belies the serious nature of their cases, and beneath their smiles, they have a steely collective insistence on thoroughly interpreting the law.

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Upcoming Events

January 24, 2017 Columbia Rotary Club 6:30 PM January 25, 2017 Columbia Town Center Rotary Club 12:15 PM - 1:15 PM January 25, 2017 Elkridge Rotary Club 6:30 PM - 7:30 PM January 26, 2017 Ellicott City Sunrise Rotary Club 7:30 AM - 9:00 AM January 26, 2017 Ellicott City Rotary Club 12:00 PM - 1:00 PM View all upcoming events »

Latest News

HHC Acquires Two Downtown Columbia Office Buildings
The Howard Hughes Corp. (HHC) has expanded its holdings in Downtown Columbia with the acquisition of the American City Building (ACB), which sits adjacent to Whole Foods Market on Little Patuxent Parkway; and One Mall North, positioned on the outside of the ring road surrounding The Mall in Columbia. Both purchases were underwritten in view of their future development potential.
The purchase of ACB for $16.5 million unlocks the potential for redevelopment in the Lakefront District in Downtown Columbia for up to 1.5 million square feet of additional density, as its acquisition allows for termination of restrictive covenants on neighboring parcels of the company’s holdings. Specific plans for the ACB site and its adjacent surface parking lot contemplate complete demolition of the existing structure, which is mostly vacant, and development of a new, mixed-use project with multi-family, retail and restaurant space.

One Mall North, which is 100% leased, is a 97,500-square-foot, four-story office building. The low-rise structure and surface parking totals 5.37 acres. The building is currently leased to a diverse roster of tenants, including medical, financial, engineering and technology companies, with minimal near-term rollover. The in-place net operating income is approximately $1.6 million, and the purchase price is $22.25 million.

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Guest Article

2016 Voters Guide

As a service to our readers, The Business Monthly has asked candidates running for office in our coverage area to provide responses to short questionnaires. Their responses follow verbatim.

United States Senate Candidates

Questions

1. How does your experience prepare you for this office?

2. Where do you stand on the Trans Pacific Partnership (TPP), and what are your feelings on global free trade as opposed to protectionism?

3. What is your position on immigration reform?

4. What issues do you consider priorities?

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