CEO Report Baltimore
SmartAsset ranked Baltimore 4th on its annual list of America’s top ten undervalued cities based on information it collected on housing price-per-square-foot, crime rates and entertainment options. Read more at The Daily Record.
WhyHotel announced it will rent units in Equity Residential’s newly completed luxury rental property at 100K Apartments at 100 K St. NE through next spring. The Vornado Realty Trust-born startup uses a popup concept to temporarily fill residential buildings while long-term leases are being secured. Read more at Washington’s Top News.
McLean, Va.-based Verodin closed its Series B round of funding with $21 million in investments, led by TenEleven Ventures and Bessemer Venture Partners. The provides a platform that measures the effectiveness of cybersecurity tools for finance, healthcare, manufacturing, energy and government sectors. Read more at Technical.ly DC.
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Alan Rihm, CEO, CoreDial
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HOUSING According to data from listing service Bright MLS, the median home price in the Baltimore area in June was $285,000 in June, up 2 percent from the year prior. Sales volume is down 5.4 percent for the same time period and it took an average of just 15 days to...read more
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...read more
STARTUPS The National Institutes of Health awarded a $2 million Small Business Innovation Research grant to Woodbury-based Clear Guide Medical. The startup plans to work with Children’s National Medical Center in D.C. on continued development of its SCENERGY device...read more
COMMERCIAL REAL ESTATE D.C.-based Kwoun Investments has purchased The Alley Shops in Pikesville from Cornerstone Real Estate for $2.45 million, a record price for the 26,400-square-foot, five-building portfolio spanning 1326-1330 and 1420-1426 Reisterstown Rd. Read...read more