Bethesda

ProShares, a Bethesda-Based ETF Provider, Opens New Headquarters at The Wilson in Bethesda

By MCS Staff

ProShares, the Bethesda-based ETF provider who launched the first bitcoin-linked ETF in the United States last year, has announce the opening of its new headquarters at The Wilson on Wisconsin Avenue in Bethesda, a sign of the fast-growing asset management firm’s commitment to the Greater Washington D.C. area.

ProShares has more than doubled in size over the past three years to over $70 billion under management, while launching innovative products like BITO, the first-ever bitcoin-linked ETF in the United States, and VERS, a new thematic ETF that allows investors to access the companies shaping the metaverse. The firm has grown to more than 160 employees, most of whom will work out of its new downtown headquarters.

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7-Year-Old Ashburton Elementary Student Has Died After Being Struck by a Vehicle at Bus Stop on Wednesday Morning

By Patrick Herron

The seven-year-old child that was struck by a vehicle on Wednesday morning at a bus stop at the intersection of Grosvenor Lane and King Charles Way in Bethesda has died as a result of his injuries, according to a report by Caitlynn Peetz.

The child was a student at Ashburton Elementary School in Bethesda. He was waiting at the bus stop Wednesday morning with his father and 18-month-old sibling when the driver of a Honda Accord left the roadway and struck all three.

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Montgomery and Wheaton Mall Owner Plans to Sell All U.S. Properties By The End of 2023

By MCS Staff

In March of 2021, it was reported  that Unibail-Rodamco-Westfield (URW) planned to sell all of it’s US holdings in 2022. This would include Montgomery Mall and Wheaton Mall (Westfield Montgomery and Westfield Wheaton), both located in Montgomery County. Chief Executive Jean-Marie Tritant told investors last week that Unibail wants to shed most of its U.S. properties by the end of 2023, according to a Wall Street Journal report, which pushes things back about a year.

Shopping malls, which were already hurting due to the rise of online shopping, were hit especially hard during the COVID-19 pandemic. Per the report, “Unibail’s exit from the U.S. after only four years shows that executives have concluded that even high-quality, marquee American malls aren’t worth holding on to as the Paris-based company works to slash its debt and to refocus on its flagship properties in Europe.” With White Flint gone and Lakeforest on its last legs, Montgomery, Wheaton and Ellsworth Place malls are the last three remaining in Montgomery County.

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Driver Strikes Child in Bethesda Wednesday Morning, Grovesnor Lane Closed Near Rockville Pike

By Patrick Herron

A pedestrian (child) is being evaluated for traumatic injuries after being struck by a vehicle this morning near a bus stop at King Charles Way and Grosvenor Place in Bethesda, according to Chief Spokesperson for Montgomery County Fire and Rescue Pete Piringer.

This incident occurred around 8:30am. Montgomery County Police are current investigating.

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77 Year Old Montgomery County Man Wins $100K From Scratch-Off After Hospital Stay

By MCS Staff

While recovering from his surgery, the 77-year-old discovered he enjoyed playing the scratch-off gifts. He added instant tickets to his Lottery mix when he got back into his routine of playing Powerball, Mega Millions, Cash4Life and Multi-Match. One of those scratch-offs in the mix was the fifth edition of the $100,000 Crossword game, a $10 instant ticket that gave him its top prize of $100,000.

The 77-year-old, accompanied by his wife of 52 years, walked into the Lottery Winner’s Circle with the aid of a cane after claiming his prize. He plans to use the windfall to help family members with some expenses. The Montgomery County resident has three sons and five grandchildren, and, as he put it, “Everybody needs a little help.”

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Daiwa House Begins Construction on 22-Story St. Elmo Project in Bethesda

By MCS Staff

Daiwa House Industry Co., Ltd., based in Osaka, Japan, has announced the start of construction on the St. Elmo Project from March 7, 2022. This will be a rental housing development 22 stories above ground and four stories below ground, consisting of a total of 276 units, located in Bethesda, Maryland, the United States of America (hereinafter “the U.S.”).

Daiwa House Industry Co., Ltd. is taking part in the St. Elmo Project through its U.S. subsidiary, Daiwa House Texas Inc. (hereinafter “Daiwa House Texas”).

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Overheated Scooter Battery Causes Fire in Bethesda

By MCS Staff

A electronic scooter’s lithium ion battery overheated early Tuesday morning, causing a fire in a third story apartment on Bradley Blvd in Bethesda, according to Montgomery County Fire and Rescue PIO Pete Piringer.

MCFRS units were called to the scene at approximately 4:30am Tuesday morning to fight the blaze and escort residents out of the building.

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