Williams Scotsman completes acquisition of ModSpace

Williams Scotsman, a Baltimore-based company that rents office trailers, storage containers and other modular spaces, has completed its $1.2 billion acquisition of Pennsylvania-based competitor ModSpace. WillScot Corp., the parent of Williams Scotsman, announced the closing of the deal for Modular Space Holdings Inc. on Wednesday. The acquisition, Williams Scotsman’s third since December, is expected to double its revenue to over $1 billion a year and expand its geographic reach. (Balt. Sun)

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WOW Air to offer $129 flights from BWI to Europe

WOW Air will offer $129 flights to Europe from U.S. airports including Baltimore/Washington International Thurgood Marshall Airport this fall. For travelers flying out of BWI, the low-cost airline will offer $129 one-way fares for customers who book round trips with travel dates beginning in September through Dec. 5, according to a WOW Air spokesman. The airline will offer the deals for 11 European destinations: Barcelona; Brussels; Dublin; Dusseldorf, Germany; Edinburgh, Scotland; Frankfurt, Germany; London; Lyon, France; Milan; Paris; and Stockholm. (Balt. Sun)

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Annapolis Office Plaza sells for $16.4M

The Annapolis Office Plaza on Jennifer Road has been sold to a Columbia-based company for $16.4 million. Abrams Development Group, which also owns the Clock Tower Plaza on Forest Drive, bought the property on July 12, state business records show. Built in 1988, the 60,000-square-foot building houses a number of tenants and last sold for $4.7 million in 1993. In a statement, spokesman Pete Mathieson said the company is “very focused on growing our portfolio holdings in the Annapolis market.” Business records show the Clock Tower Plaza was sold for $10.4 million in 2017. (Capital)

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Lockheed Martin nabs another hypersonic weapons contract

Lockheed Martin Corp. has been picked again by the U.S. Air Force to design a hypersonic weapon prototype, a missile that travels at Mach 5 or higher — five times the speed of sound, or about a mile per second. China and Russia are aggressively pursuing such weapons, and U.S. military officials have called hypersonic weapons a top priority. Bethesda-based Lockheed (NYSE: LMT) was awarded a contract not to exceed $480 million for design, review, test and production readiness support. (Wash. Bus. Journal)

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Cushman launches leasing push for Peter Angelos' iconic 100 N. Charles St. tower

Peter Angelos and his family have launched an aggressive push this summer to fill one of Baltimore's iconic office towers with new tenants. Lou Kousouris, executive vice president for Angelos' real estate firm Artemis Properties, has hired a team of brokers at Cushman & Wakefield to lease 174,791 square feet of the 22-story tower at 100 N. Charles St., also known as One Charles Center. It was among the first developments to mark Baltimore's downtown renaissance in 1963. (Balt. Bus. Journal)

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Brink's buys Hunt Valley-based Dunbar Armored

Brink’s Co. has completed it acquisition of Hunt Valley-based Dunbar Armored Inc. for $520 million in cash, boosting the reach of the global leader in cash management and secure transportation logistics — also known as armored cars. Brink’s purchase of its smaller rival ends Dunbar’s 95-year run. The company traces its roots to 1923 in New England, when a family member started the armored car company Mercer and Dunbar. (Balt. Sun)

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Maryland and Baltimore improve in small business friendliness rankings

Baltimore and Maryland both moved up in a ranking of cities and states for business friendliness. Baltimore moved up 39 spots to No. 20 with a B grade, according to a report by Thumbtack.com, a website that connects consumers with local contractors and service providers. Maryland, meantime, rose 13 spots to No. 20 and got an overall B-plus. (Balt. Bus. Journal)

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Trump tariffs mean uncertainty for booming Port of Baltimore

Lee Connor, a freight forwarder and customs broker at the Port of Baltimore, says it’s too early to gauge the whole impact of President Donald Trump’s tariffs on steel, aluminum and other products could have on trade through the booming shipping hub. But already, he says, he’s seen some effects. Connor, president of the century-old John S. Connor Inc., was making improvements to its warehouse at the port this year. Since Trump raised a tariff on imported steel in March, the cost of the project has risen: Connor’s contractor told him his pipe supplier had to raise prices by 17 percent. (Balt. Sun)

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