March 3, 2015
How a deal gone wrong got Under Armour's Plank to start buying land at Port Covington
Under Armour Inc. CEO Kevin Plank’s decision to pursue what’s now a sprawling assemblage of property at Port Covington came after plans to expand the sportswear maker’s campus along Key Highway were “shot down” by the Baltimore Museum of Industry.
In an interview about plans to build 3 million square feet of space for a new Under Armour campus in South Baltimore, Plank revealed how he had unsuccessfully pursued a partnership with the Museum of Industry in 2011. The plan included expanding the museum…
Pierre Omidyar, the eBay founder who lives in Honolulu, saw his ranking on Forbes magazine’s list of the world’s richest people slip this year, while Larry Ellison, the billionaire executive chairman and chief technology officer of Oracle Corp. who owns the island of Lanai in Hawaii, held on to his No. 5 spot.
There haven’t been a whole lot of anchor-status companies looking for space in the D.C. metro area over the past couple of years, save for the FBI and Fannie Mae, so the prospect that hotelier Marriott International is considering moving to a new corporate home is surely welcome news for Washington-area developers.
PNC Financial Services Group Inc. is taking a stronger stance on energy/environmental issues. Pittsburgh’s biggest bank plans to stop construction funding of single coal-fired power plants and won’t extend credit to projects or coal producers with 25 percent or more of their production from mountaintop removal. That’s half of the MTR level PNC (NYSE:PNC) set as a limit in the past.
And you thought Tuscarora Crossing was a tough sell in Loudoun. Get a load of Waterside.