TMGOC Ventures has acquired the Bethesda North Marriott Hotel at 5701 Marinelli Road in North Bethesda, according to a company press release. A sale price was not disclosed.
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Business
Forbright Bank announced it has purchased Chase Tower, the 12-story building that houses its headquarters at 4445 Willard Avenue in Chevy Chase. A purchase price was not made available.
A Gaithersburg-based pharmaceutical company is making a major and unexpected move into cryptocurrency.
A Los Angeles-based investment firm has made a new entry into the Rockville office market with the purchase of a Twinbrook-area property, according to reporting from Maryland Newsletters.
Bethesda-based Marriott International has been named the No. 7 Best Workplace in the United States on the 2026 Fortune and Great Place To Work 100 Best Workplaces list, continuing a decades-long streak of recognition for the global hospitality company.
The Gaithersburg-Germantown Chamber of Commerce is preparing to enter a new chapter, with plans to unveil a new name and brand identity later this month as part of a broader effort to reflect the evolving Upcounty business community.
EYA and Bernstein Management Corporation (BMC) are under contract to redevelop the former GEICO headquarters site in Friendship Heights, marking a major step toward transforming the long-vacant corporate campus into a new mixed-use residential community.
Comstock Holding Companies has expanded its footprint in Rockville with the acquisition of The Reed, a 417-unit apartment community located at 15955 Frederick Road.
Rockville-based X-energy is taking steps to go public. The company, located at 530 Gaither Rd., announced it has filed paperwork with the U.S. Securities and Exchange Commission for a proposed initial public offering, or IPO. X-energy plans to list its stock on the Nasdaq under the ticker symbol “XE.”
A recently completed apartment conversion in downtown Silver Spring has changed hands. The Guardian, a 167-unit residential building at 8605 Cameron Street, sold for $14.3 million at a substitute trustee’s auction on February 26. The sale reflects the tenant’s interest in a ground lease for the property, according to Maryland Newsletters, which first reported details of the transaction.
The Olney Chamber of Commerce has announced its 2025 Chamber Award winners, recognizing businesses and individuals for their service, leadership, and contributions to the greater Olney community.