1st Mariner Bank buys Inn at the Black Olive
Paul Cooper of Alex Cooper Auctioneers confirmed last week that the Inn at the Black Olive has sold at auction for $3.9 million to an entity connected to 1st Mariner Bank, which had held the mortgage for the property.
Bidding opened at $2.5 million, Cooper said.
The 12-suite inn, with roof-top restaurant and gourmet food market, is located at 803 S. Caroline St. and remains open for business.
The property, which was most recently assessed at $3.3 million according to the Maryland Department of Assessments and Taxation, had been foreclosed on for $5.4 million in mid January.
Arrivederci, Della Notte
Della Notte Ristorante, an Italian restaurant at 801 Eastern Ave., where Harbor East meets Little Italy, has closed after 17 years of business. The high-end restaurant received solid reviews on platforms such as OpenTable and Urbanspoon. The establishment closed for good on Saturday.