RESIDENTIAL REAL ESTATE
David S. Brown Enterprises has broken ground on The Met at Metro Centre in Owings Mills. The 114-unit, seven-story apartment building is part of a larger, transit-oriented development that will ultimately include over 1.2 million square feet of office space, 200,000 square feet of retail, 1,700 apartments and a 225-room hotel. Read more at The Baltimore Sun.
Baltimore-based Elixirgen Therapeutics Inc. has raised $4 million in its Series A funding round, according to SEC filings. The biotechnology company will use the funds to continue development of its therapeutic products targeting a range of rare diseases, including bone marrow diseases, aging-related diseases and chromosome diseases. Read more at the Baltimore Business Journal.
CNBC released its annual Best States for Business list and ranks Virginia as No. 4 overall, up from 7th place in 2017. It was also ranked in the top ten for workforce, education and business friendliness. Read more at Washington’s Top News.
Lexington, Mass Mimecast has acquired Bethesda-based startup Ataata, providers of video content designed to raise awareness about cybersecurity among employees. Mimecast plans to incorporate Ataata’s products into its existing email security business. Read more at Technical.ly DC.
Data from the Department of Labor shows the number of available jobs outpaced the number of unemployed workers last month with 6.64 million open positions and 6 million people collecting unemployment. The Department also found that a record number people are quitting their jobs, which is seen as a positive sign. Read more at AP News.
An analysis conducted by Savingforcollege.com found that while the average student loan debt upon graduating with a bachelor’s degree in 2016 (the last year for which government data is available) has increased just one percent since 2012, their parents’ debt for loans that went to assist with paying for their education increased a whopping 19.2 percent. Read more at Market Watch.