Maryland
Continental Realty Corp. sells Merritt Manor Shopping Center for $11.9M | Maryland Daily Record
Anchored by Gold’s Fitness center, the tenant roster of Merritt Manor Purchasing Heart options a mixture of nationwide and native retailers, together with Sherwin-Williams, Greenback Basic, Hair Cuttery, GNC, Rooster Rico and Leslie’s Swimming Pool Provides. (Submitted photograph)
Continental Realty Company (CRC), a Baltimore-based actual property funding and administration firm, has accomplished the sale of Merritt Manor Purchasing Heart, an 88,332-square-foot fitness-anchored retail heart in Dundalk for $11.9 million to Abrams Growth Group, a Columbia-based industrial actual property firm.
Situated at 1119-1211 Merritt Blvd., the asset was 96% leased and occupied on the time of the gross sales transaction. Dean Zang, government managing director for investments, and David Crotts, vp for investments of Marcus & Millichap’s Washington workplace dealt with advertising and gross sales actions and represented Continental on this transaction.
Anchored by Gold’s Fitness center, the tenant roster options a mixture of nationwide and native retailers, together with Sherwin-Williams, Greenback Basic, Hair Cuttery, GNC, Rooster Rico and Leslie’s Swimming Pool Provides. The middle is situated on the signalized intersection of Merritt Boulevard and German Hill Street, and almost 42,000 autos go the location each day.
CRC acquired the property in 2013, which was 83% leased, for $8.6 million. Continental executed on a complete renovation of the middle’s exterior facade, enhanced all landscaping parts, and upgraded the middle’s signage following the acquisition. This capital repositioning strengthened leasing demand for the middle. Along with enhancing the tenancy and renewing the profitable tenants in place on the time of acquisition, CRC additionally subdivided a roadside pad website and efficiently bought the pad into the triple web market in 2021.
Maryland
Maryland Lawmakers Convene With $3B Deficit and Uncertainties Over Incoming Trump Administration
The Maryland General Assembly’s 2025 session begins at noon on Wednesday, when lawmakers will begin to tackle a number of high-interest issues. Policy decisions will be framed around how much money is available and what additional new revenue sources are acceptable.
Maryland
University of Maryland Medical System a Finalist in the Gartner® Power of the Profession™ Supply Chain Awards 2025
System’s Gallion Proprietary Digital Solution Developed at its iHarbor Innovation Center
BALTIMORE, January 07, 2025–(BUSINESS WIRE)–The University of Maryland Medical System (UMMS) has been selected as a finalist in the Gartner Power of the Profession Supply Chain Awards 2025, in the Process or Technology Innovation of the Year category. UMMS is included for Transforming Bill-Only Product Management in Healthcare Supply Chain; the System’s Gallion is a digital technology cutting-edge solution designed to optimize supply chain efficiency that was developed by UMMS’ iHarbor Innovation Center.
“We believe that being included as a finalist in the Gartner awards underscores the critical impact that UMMS has demonstrated so far in optimizing health care bill-only supply chain management and that it could have in the future on patient care,” said Warren D’Souza, PhD, MBA, the System’s Senior Vice President and Chief Innovation Officer. “In our opinion, this recognition validates our focus on streamlining processes and empowering health systems with innovative, integrated solutions.”
Gallion’s innovative solution redefines the management of bill-only transactions by digitizing and standardizing workflows, enhancing accuracy, compliance, and efficiency. The platform seamlessly integrates with electronic health record (EHR) and enterprise resource planning (ERP) systems, automating critical tasks such as consumption tracking, charges and contract compliance. Before Gallion’s implementation in 2021 automated these processes, UMMS relied on a manual labor-intensive paper-based process that had the potential for errors and inefficiencies. Data from the deployment of Gallion across UMMS’ 11 hospitals shows significant operational improvements; completion time has been reduced by 75% and the defect/error rate has lowered from 18% to just 3%.
“At UMMS, part of what we pride ourselves on is innovation and being at the forefront of transformative change in health care,” said Mohan Suntha, MD, MBA, the System’s President and Chief Executive Officer. “We believe this recognition underscores Gallion’s impact as a pioneering solution in health care supply chain innovation.”
Gallion was developed in iHarbor, a wholly-owned subsidiary and the innovation center of UMMS. iHarbor is now bringing Gallion to the market, enabling other hospitals and health systems to realize similar benefits. The enterprise platform offers robust analytics, giving supply chain teams unparalleled insight into cost management, contract competitiveness and compliance, and clinical quality outcomes.
/cdn.vox-cdn.com/uploads/chorus_asset/file/25262608/DSC06592.jpg "Samsung is rolling out a smartphone subscription next month")
Samsung is rolling out a smartphone subscription next month
Italian journalist Cecilia Sala freed from detention in Iran
Trump files emergency petition to Supreme Court to prevent sentencing in NY v. Trump
Virus outbreak in China sparks pandemic concerns: What to know about HMPV
Hawks' Trae Young sinks desperation 3-pointer from beyond half-court to give team win
Colorado Rockies game no. 116 thread: Zac Gallen vs José Ureña
Why Marjorie Taylor Greene was ‘kicked out’ of the Freedom Caucus according to Rep. Buck
See it: Tesla crashes into Columbus convention center at 70 mph
Fox News Politics: Georgia the whole day through
Death of missing Oregon girl found in stream ruled homicide
Trump files emergency petition to Supreme Court to prevent sentencing in NY v. Trump
German politicians rebuke Trump over NATO defence spending demand
As winter storms strike, airlines scramble to de-ice planes and keep them flying
Photos: Pacific Palisades Wildfire Engulfs Homes in an L.A. Neighborhood
Trump trolls Canada again, shares map with country as part of US: 'Oh Canada!'
-
Business1 week agoThese are the top 7 issues facing the struggling restaurant industry in 2025
-
Culture1 week agoThe 25 worst losses in college football history, including Baylor’s 2024 entry at Colorado
-
Sports7 days agoThe top out-of-contract players available as free transfers: Kimmich, De Bruyne, Van Dijk…
-
Politics6 days agoNew Orleans attacker had 'remote detonator' for explosives in French Quarter, Biden says
-
Politics5 days agoCarter's judicial picks reshaped the federal bench across the country
-
Politics4 days agoWho Are the Recipients of the Presidential Medal of Freedom?
-
Health3 days agoOzempic ‘microdosing’ is the new weight-loss trend: Should you try it?
-
World1 week agoIvory Coast says French troops to leave country after decades