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Content about Acquisition

July 17, 2015

Montgomery County has placed it's bet on cybersecurity, making some ambitious moves to make sure it's a major player in the young and fast-growing industry, that includes converting a biotechnology incubator in Rockville to become the home of the newly formed National Cybersecurity Center of Excellence (NCCoE).

The NCCoE was created under the National Institute of Standards and Technology (a branch of the U.S. Department of Commerce with a large campus in Gaithersburg) to provide solutions to cybersecurity businesses on a national level.

June 25, 2015

What we all saw as an audience on the basketball court during the NBA finals was a duel between the Golden State Warriors going up against the Cleveland Cavaliers. We saw Warriors reigning league MVP Stephen Curry going up against four-time league MVP Lebron James of the Cavaliers. The Warriors won the series 4-2 to win the NBA championship.

But it was also a battle on the business side between Under Armour and Nike for sports apparel and shoes popularity as Curry is a representative of Under Armour and James a representative of Nike.

February 12, 2015

Screams of foul play have echoed from the county to state level in the ranks of the democratic leadership. The opposition is aimed squarely at the brand new republican Governor of Maryland, Larry Hogan.

‘Mass Exodus’ has been the word on the political streets for the past two weeks in Maryland’s state capital Annapolis. Screams of foul play have echoed from the county to state level in the ranks of the democratic leadership. The opposition is aimed squarely at the brand new republican Governor of Maryland, Larry Hogan.

January 22, 2015

Silver Spring, Maryland-based United Therapeutics Corporation (NASDAQ:UTHR) is a biotechnology company with a primary focus on the creation of therapeutic drugs that treat pulmonary arterial hypertension (PAH). The company has four products on the market with the release of its' fourth drug Orenitram in mid 2014; after receiving FDA approval for it in December 2013.

February 3, 2012

Approximately 55 days left, before the March 30thdeadline for mid-size Investment Advisory firms to deregister with the SEC and register with their principal states.  In Part I, of our article, we spoke with the Associate Commissioner for Washington D.C’s Department of Insurance, Securities, and Banking (DISB).  

January 6, 2012

Can you tell us a little about yourself and your work at LCOR?

November 7, 2011

Chevy Chase-based GEICO, one the largest insurance companies in the nation and with primary offices across the Maryland/D.C. border in Montgomery County is set to appear in front of the Montgomery County Planning Board on November 17, 2011 but for reasons not to the liking of either side.

The Planning Board is set to vote on the validity of an extension request for plans to redevelop GEICO's headquarters, and depending on which way the board votes could be a lose-lose situation for both parties.

August 12, 2011

After huge swings in the stock market over the last several days, management at companies in the area find it a good time to stock up

AvalonBay Communities, Inc.  (NYSE:AVB),  Chairman of the Board, Bryce Blair, accumulated almost 18,000 shares through various transactions between the August 9th and 10th.

All-in-all the Chairman of one of the largest multifamily developers in the D.C. area, made transactions (acquiring and disposing) totaling 35,800 shares of Arlington-based AvalonBay stock and got in as low as $48.60.

August 11, 2011

Bethesda-based RLJ Lodging Trust (NYSE: RLJ)the real estate investment trust (REIT) that completed an initial public offering (IPO) in May 2011-- reported its second quarter 2011 results.

Total revenue for the quarter amounted to $211.5 Million, which beat analyst average estimates of  $202.85 Million.

That total revenue was much higher than a disclosed second quarter 2010 amount of $139.4 Million

June 16, 2011

Despite recession, several Maryland Biotechs turn a profit

Biotechnology firms have been reported to be hard hit by the recent recession; struggling to stay afloat amid a dearth of venture capital funding and and lack of new drugs selling on the market. The Biotech industry is often pigeonholed as frail, cash strapped and high risk; spending years on research to develop drugs but often ending with failure and bankruptcy.

But in Maryland it's a different story. Several biotech firms have achieved profitability for their full fiscal year and some of them for the first time in the midst of a troubled U.S. economy.

August 12, 2015

Executive Chairman of RLJ Lodging Trust (NYSE:RLJ ) filed the following stock transactions with the SEC on August 10, 2015.

Robert Lewis Johnson disposed of RLJ Lodging Trust shares on August 7, 2015, Johnson's transaction was as follows,

July 30, 2015

Bethesda-based Lockheed Martin and Montgomery College are teaming up create healthcare technologies covering wide range of health related areas from national-scale genomics to big data.

The launch of the Healthcare Technology Alliance could help grow the Health Information Technology sector in Montgomery County as well as form synergies between established industries like biotechnology and promising ones like cyber security.

In addition to Lockheed Martin and Montgomery College, the founding members of the alliance include Cisco, Cloudera, Illumina, Intel.

July 27, 2015

Bethesda, Md.-based Eagle Bancorp, Inc. (NASDAQ:EGBN) has completed the sale of assets it acquired during its purchase of Virginia Heritage Bank late last year. The parent of Eagle Bank found the Indirect Consumer Loan portfolio of Virginia Heritage Bank to be non-strategic.

MainStreet Bank (OTCQB:MNSB) bought the Indirect Consumer Loan portfolio from Eagle Bank for $80 million on July 24, 2015. Eagle said it will channel those funds into its commercial loan division, improve its yield on earning assets and reduce operating expenses.

July 22, 2015

LaSalle Hotel Properties (NYSE: LHO) President and CEO said it best “Second quarter performance excelled in the areas that matter most,” that included double digit growth in adjusted funds from operations increasing 11 percent to $102.6 million.

July 21, 2015

Bethesda-based TerraForm Power (Nasdaq: TERP) is going to get a large piece of a $2.2 billion solar deal involving SunEdison (NYSE: SUNE) and Vivint Solar (NYSE: VSLR).

Maryland Heights, Miss-based SunEdison is among the world's largest renewable energy companies and is transforming the way it's produced, owned , and distributed far and wide and is about to get much larger with the closing of this deal.

July 20, 2015

President and Chief Executive Officer of Ciena Corporation (NYSE: CIEN) filed the following stock transactions with the SEC on July 20, 2015.

Gary B. Smith acquired and disposed of Ciena stock between between July 16, 2015 and July 17, 2015. Smith's transactions were as follows,

July 16, 2015

Bethesda-based RLJ Lodging Trust (NYSE: RLJ) is finding good hotel deals from Washington,  D.C.  to Washington State. The Lodging trust announced its purchased a property on K street in Washington, D.C. and is about to close on another property in Seattle, Washington.

July 13, 2015

Rockville-based developer, Federal Realty Investment Trust (NYSE: FRT) has lured an experiential entertainment company to open it's first location in Maryland.

Ifly Indoor Skydiving will be landing at The Avenue at White Marsh. A newly constructed 6,000 square foot building will become Ifly's new base in Baltimore County and is expected to open mid-2016.

All Ifly locations have a unique building design and locations reach as far as Australia. White Marsh would be the Austin-based company's 28th facility.

February 17, 2015

Maryland Governor Larry Hogan stated during his first state of state address, that there is a mass exodus of tax payers, packing their bags and moving to other states. “Our economy is floundering, and too many Marylanders have been struggling just to get by,”… “We’ve had the largest mass exodus of taxpayers fleeing our state, of any state in our region and one of the worst in the nation.” said Governor Hogan.

February 16, 2015

Maryland Governor Larry Hogan stated during his first state of state address, that there is a mass exodus of tax payers, packing their bags and moving to other states. “Our economy is floundering, and too many Marylanders have been struggling just to get by,”… “We’ve had the largest mass exodus of taxpayers fleeing our state, of any state in our region and one of the worst in the nation.” said Governor Hogan.

July 17, 2012

The nation's largest lodging REIT reported earnings and acquisitions for its second quarter of 2011.

The Bethesda-based Host Hotels & Resorts, Inc (NYSE: HST) said revenues totaled $1.37 billion and net income for the quarter of $83 million or $0.11 cents per diluted share, besting $64 million in the same quarter last year.

NAREIT Funds From Operations (“FFO”) per diluted share was $0.32 cents per share. The average analyst estimate was a penny higher at $0.33 per share on revenues of $1.36 billion.

June 1, 2012

Bethesda-based RLJ Lodging Trust (NYSE: RLJ) expanded its portfolio of hotel properties with the acquisition of the Residence Inn by Marriott Bethesda Hotel Downtown and the Courtyard New York Manhattan/Upper East Side.

Marriott Bethesda Hotel Downtown is located in the Bethesda central business district close to RLJ's corporate headquarters at 3 Bethesda Metro Center. The property has 187 guest-rooms and was purchased for $64.5 million or $345,000 per room-key.

May 29, 2012

Fulton, Maryland-based Colfax Corporation (NYSE: CFX), has taken interest in another foreign mechanical technology supplier after the acquisition of Charter international which has propelled the companies quarterly revenues to figures approaching $1 billion.

The manufacturing and engineering company said it would pay $235 million for Soldex S.A, a welding products supplier based in the South American country of Peru. Soldex has manufacturing plants in Lima, Peru and Bogota, Colombia.

April 20, 2012

McLean-based Capital One Financial Corporation (NYSE: COF) completed acquisition of ING direct propelled its earnings to $2.72 per diluted common share or $1.4 billion on revenues of $4.9 billion.

Excluding the impact of ING Direct, earnings would have been $809 million or $1.56 per diluted common share. Last year net income was $407 million or $0.88 cents per diluted common share in fourth quarter and earnings of $1.0 billion or $2.21 per diluted common share in the first quarter 2011.