Loyola University's business school honors Brown Advisory's Michael Hankin

Michael D. Hankin, the president and CEO of Brown Advisory, was named Business Leader of the Year for 2017 by Loyola University’s Sellinger School of Business and Management. The award, given tonight at a dinner at the Renaissance Harborplace Hotel, honors business executives who embody Loyola’s Jesuit commitment to community and service in the leadership of their organization. “Mike Hankin leads a firm that prides itself on thoughtfulness, a value we hold deeply as a Jesuit university that emphasizes thoughtful, ethical leadership,” said Kathleen A. Getz, dean of the Sellinger School. “This approach also overflows into Mike’s work in the Baltimore community, where he is actively involved in efforts to improve the health of both residents and Baltimore’s Inner Harbor.” (Balt. Sun)

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National Aquarium reports annual economic impact of $455 million

The National Aquarium generated $455 million for Maryland in 2016, according to a new report commissioned by the Inner Harbor destination. While the number of visitors to the aquarium in Baltimore has remained steady over the past five years, at about 1.3 million annually, the aquarium’s economic impact rose 42 percent from $319.6 million in 2012, the last time it was measured, according to the report by Sage Policy Group. The aquarium attributed the growth in its economic impact to accelerated hiring, expanded community programs and facility improvements at the aquarium, plus increased spending among its visitors. (Balt. Sun)

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Annapolis-based Airwave Networks acquired by New Hampshire firm

Airwave Networks, an Annapolis-based provider of wireless internet access and digital TV for student housing and apartment complexes, has been acquired by Single Digits Inc. of New Hampshire. Terms of the deal are confidential. Single Digits, which provides high-speed internet access to property managers in the hospitality, retail, transportation and office sectors, said it will bring on all of Airwave’s 150-plus employees and maintain most of its locations. Founded in 2001 by CEO Bill Rinard, Airwave now provides services in 44 states for nearly 120,000 customers. (Balt. Sun)

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After ‘athlete recovery’ pajamas, Under Armour offers ‘advanced’ sheets and pillowcases

In January, Under Armour introduced what might be described as “performance pajamas,” infused with technology designed to enhance athletes' recovery. Now comes the extension of that line — “athlete recovery” bed sheets and pillowcases. Like the sleepwear, the bedding is endorsed by New England Patriots quarterback Tom Brady, an Under Armour emissary who is as meticulous about his sleep and recuperation as he is about studying defenses. The bedding and sleepwear employ technology based on research into the effects of far infrared radiation. (Balt. Sun)

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Baltimore area malls fight to remain relevant to shoppers during holiday season

Towson Town Center bustled one day last week as office workers hurried through the food court with lunch, a couple strolled past storefronts with a newly purchased phone and a mother photographed her toddler at a reindeer display. In advance of the hyper-competitive holiday season, mall owner GGP unveiled improvements such as bold directional signs inside and out, a new entrance on the Goucher Boulevard side and a high-tech parking system in the garages, all designed to make the center brighter, safer and easier to navigate. Coming soon are two new restaurants, including a craft-beer bar with outdoor dining, a shop targeting millennials and, eventually, possibly offices and medical facilities. (Balt. Sun)

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Developer sees opportunity in Baltimore amid violent crime

Despite the violent crime that continues to plague Baltimore, one prominent developer remains optimistic about the city’s potential. Ernst Valery, president of SA+A Development and Ernst Valery Investments, said there are great opportunities around transportation hubs, such as the West Baltimore MARC station. Baltimore can be one of the “greatest cities in America,” he said. (Daily Record)

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Lord & Taylor closing Annapolis store

The Lord & Taylor in Annapolis, one of two of the luxury department store chain's remaining locations in the Baltimore area, plans to close next year. The closure of the store at the Westfield Annapolis shopping mall will result in the loss of 141 jobs, according to the state's labor department and the company. The store will shutter between April 15-28. "Through the regular course of business we continually evaluate opportunistic transactions with our real estate assets and, from time to time, may determine it necessary for the overall business to close a store," Lord & Taylor's parent company, Hudson Bay Co., said in a statement. (Balt. Bus. Journal)

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Target’s decision – was it theft, poor profitability or lack of “gentrification” on the West Side?

Reeling from the revelation that Target is leaving Mondawmin Mall, local officials have been grasping at rumors and conjecture to explain the chain’s decision. Mayor Catherine Pugh announced yesterday that she is skeptical of claims that the West Baltimore store is “under-performing” and alluded to data that she says she’s seen that showed the store did a large amount of business. “It’s a 28-million-dollar store. People don’t walk away from that kind of revenue,” she told reporters at City Hall. Saying “the community really enjoys shopping at that Target,” Pugh said she will “absolutely” try to convince Target, a national chain based in Minneapolis, MN., and its CEO, Brian Cornell, that the store should remain open. (Brew)

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