YVSM In The News

The owners of the historic B&O Building in downtown Baltimore have reached a tentative deal to sell part of the structure to its marque tenant, Hotel Monaco, to pay off a portion of the debt they took on to buy and renovate the building. Fri, 12/03/2010 Baltimore & Charles Associates LLC, which filed for Chapter…

Lender seeks permission to force property’s sale  Thu, 11/04/2010 Another prominent Baltimore building could soon be sold at a foreclosure auction, adding to a swelling number of distressed commercial properties ranging from shopping malls and offices to hotels and vacant property. Utah’s Capmark Bank has asked the U.S. Bankruptcy Court in Baltimore for permission to…

The company had moved to reject the agreements as part of its July 16 Chapter 11 bankruptcy filing, claiming that uncertainty over the validity of the agreements was an impediment to obtaining new investment and was hampering its reorganization efforts. Fri, 10/08/2010 A bankruptcy court this week granted Correlogic Systems’ motion to reject licensing agreements with…

Auctions of two downtown Baltimore office buildings that were undergoing conversion to hotels have been canceled after the developers filed for Chapter 11 bankruptcy court protection. Tue, 08/10/2010 The buildings that are no longer up for auction are the former Keyser Building on Redwood Street that was being converted into the Hotel Indigo, a $24…

The Hotel Indigo, at the corner of Calvert and Redwood streets, is 98 percent done, according to the attorney for its owners. Mon, 08/09/2010 Owners of Hotel Indigo, a 10-story boutique hotel in downtown Baltimore that has remained stalled and vacant for nearly a year, have filed for Chapter 11 bankruptcy protection. The bankruptcy filing…

Germantown-based Correlogic Systems filed for Chapter 11 bankruptcy earlier this month so that the diagnostic testing company can shed contracts with two major laboratory test suppliers that it says deter investors.  Mon, 07/26/2010 Though the circumstances of Correlogic’s filing are unique, its struggle points to a larger issue for many biotech companies: securing enough money…

The owner-developer of downtown Baltimore’s historic B&O building has filed for Chapter 11 bankruptcy stemming from its conversion of the property into a boutique Hotel Monaco. Fri, 07/23/2010 Baltimore & Charles Associates LLC sought bankruptcy protection July 12 in the U.S. Bankruptcy Court in Baltimore, a day before it was due in court to defend…

Germantown Company Develops Cancer Tests For the second time in a month, a Maryland bioscience company has filed for bankruptcy.But unlike Cyto Pulse Sciences of Glen Burnie, which filed for Chapter 7 liquidation, Correlogic of Germantown has filed for Chapter 11 protection and plans to soldier on with its cancer test candidate.The company, which develops…