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Catholic Review
Sandra and Malcolm Berman donate to support University of Maryland St. Joseph Medical Center’s Heart Institute
May 13, 2021
Baltimore philanthropists Sandra and Malcolm Berman have made what hospital leaders called “a transformational commitment” to the University of Maryland St. Joseph Medical Center in support of the Towson hospital’s cardiac program. In honor of the Bermans’ generosity, which represents the second-largest such gift in the hospital’s 156-year history, the medical center’s Heart Institute will be named The Sandra R. Berman Heart Institute.
The UM St. Joseph Sandra R. Berman Heart Institute provides cardiac care for thousands of patients each year, including open heart surgery, Transcatheter Aortic Valve Replacement and a specialized TAVR procedure suite, a cardiac surgery unit, an all-digital cardiac catheterization laboratory and a 20-bed cardiac unit, according to a news release from the hospital.
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Shelborne South Beach and Seagull Hotel (Shelborne, Google Maps)
The hotel market was among the hardest hit sectors of the coronavirus pandemic in 2020, resulting in many owners scrambling to survive.
After many hotels laid off the majority of their staff in March and subsequent months, a number of properties remained closed until the winter. And some have yet to reopen, as domestic and international travel remains low.
In South Florida, the pandemic led to forbearance agreements with lenders, some foreclosure filings, new equity investors, out-of-court UCC foreclosures, merging of ownership, and properties hitting the market. For properties marketed for sale – either on the market or quietly among brokers – pricing is another issue, as many sellers and opportunistic buyers can’t agree on valuations, experts say. As a result, few hotels traded in 2020, and the two largest deals – each for $120 million – closed in January, before the pandemic caused a major disruption to
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