Arrow-right Camera
The Spokesman-Review Newspaper

The Spokesman-Review Newspaper The Spokesman-Review

Spokane, Washington  Est. May 19, 1883
Cloudy 37° Cloudy
News >  Nation

Firm hands out $10M in holiday bonuses to 198 employees

In this image released by St. John Properties, employees of the Maryland real estate firm react after finding out the company is surprising them with $10 million in bonuses at a holiday party, Saturday, Dec. 7, 2019, in Baltimore. (Wendy Hickok Photography / AP)
In this image released by St. John Properties, employees of the Maryland real estate firm react after finding out the company is surprising them with $10 million in bonuses at a holiday party, Saturday, Dec. 7, 2019, in Baltimore. (Wendy Hickok Photography / AP)
Associated Press

BALTIMORE – A commercial real estate developer is handing out a total of $10 million in bonuses to its 198 employees.

WTOP reported Monday that Baltimore-based St. John Properties announced the bonuses at the company’s holiday party.

Edward St. John, the founder and chairman of the company, said the amount of money that each employee gets is based on tenure. The average bonus was $50,000, but some employees will get upward of $250,000.

The company has employees throughout Maryland and northern Virginia. The bonuses celebrate the company’s achievement of developing 20 million square feet of office space, retail and warehouses. That real estate is spread out over eight states.

Edward St. John said that he is “thankful for every one of our employees for their hard work and dedication. I couldn’t think of a better way to show it.”

The company was founded in 1971. It has retail and warehouse space in Maryland, Virginia, Colorado, Louisiana, Nevada, Pennsylvania, Utah and Wisconsin.

The Spokesman-Review Newspaper

Local journalism is essential.

Give directly to The Spokesman-Review's Northwest Passages community forums series -- which helps to offset the costs of several reporter and editor positions at the newspaper -- by using the easy options below. Gifts processed in this system are not tax deductible, but are predominately used to help meet the local financial requirements needed to receive national matching-grant funds.

Active Person

Subscribe to the Coronavirus newsletter

Get the day’s latest Coronavirus news delivered to your inbox by subscribing to our newsletter.