image: Fallout 76, Zenimax/Betheda Sotworks
1. Baltimore Inner Harbor Hotel Acquired By Chevy Chase Firm
The Buccini/Pollin Group (BPG) has purchased the Renaissance Baltimore Harborplace Hotel in downtown Baltimore. The hotel is located in the core of Baltimore’s Inner Harbor Waterfront. The recently renovated building has 622-rooms and close to 30,000 square feet of meeting space. BPG now has 17 Marriott-managed hotels. BPG track record includes asset success valued at more than $5.0 billion, including over 40 hotels and 7 million square feet of office and retail space,
2. Rockville Gaming Giant Partners With Amazon On New TV Series
Another TV Series is coming out of Montgomery County, this time from Rocvkille-based Zenimax. The video game maker — which owns Bethesda Softworks — is creating a TV series based off their popular Fallout franchise with the help of Amazon Studios. Creators from the hit-show Westworld on HBO will have a hand in production along with Zenimax. Once completed, the new show will premiere on the Amazon Prime streaming service.
The Fallout franchise started back in 1997, the third iteration was set in a post-apocalyptic war with China, settings included a virtual war torn downtown Bethesda and Takoma Park.
3. Downtown Bethesda Apartment Highrise Gets Refinanced
Element 28 in downtown Bethesda is being refinanced by original developers J.P. Morgan Asset Management and Kettler. JLL Capital Markets arranged a $34.25 million refinance deal for the 101-unit apartment building. Located at 100 Commerce Lane, units include Bosch and Thermador appliances and the structure contains 3500 square feet of ground floor retail.
4. Arlington Capital Partners Buys Texas Federal Contractor
A Chevy Chase-based private equity investment firm made its fourth investment from a $1.7 billion fund raised last year. Arlington Capital Partners purchased Austin, Texas-based J&J Worldwide Services, Inc. J&J provides maintenance services for the Federal Government and employs over 3,200 employees in more than 270 locations worldwide.
5. DHL Opens First-of-Its-Kind Store In Silver Spring
Silver Spring received the first DHL Express mobile store in the country. Located at the Westfield Wheaton Shopping Mall. The pop-up is 2,200 cubic feet and contains packaging items for purchase. Eventually the store will act as a pick up location for packages. DHL has no plans to move the mobile location in the foreseeable future.
6. Rockville Software Firm Partners With DocuSign To Launch Digital Signature App
A Rockville software company specializing in the scrap metal recycling industry has launched an application that allows for e-signatures. ScrapWare partnered with DocuSign to produce the app called ScrapScribe. ScrapWare says the e-signature solution will help increase business compliance, improve efficiency, and create a better overall experience for vendors and customers.
7. Germantown Satellite Company Launched Internet Service For Businesses In Mexico
Hughes Network Systems launched internet service focused on micro and medium-sized enterprises in Mexico. The high-speed service covers 97 percent of Mexico including areas with no cable internet. Speeds can range up to 25 megabits per second (mps) for downloads and up to 3 mps for uploads. HughesNet started service in Mexico in October of 2019.