Donaldson Impact Investments partnered with Affordable Homes & Communities (AHC), a leading regional non-profit affordable housing developer, to acquire Country Place Apartments in Burtonsville, MD for $63 million.
Business
REGENXBIO Inc., headquartered at 9804 Medical Center Dr. in Rockville, and Nippon Shinyaku today announced a strategic partnership aimed at bringing two of its treatment candidates to market. This strategic partnership has the potential to be worth up to $810 million over time, marking a substantial milestone for the biotech firm.
Griffis Residential last month announced its expansion to the East Coast with the acquisition of Maizon, a 229-unit multifamily property in Bethesda, Maryland, now rebranded as Griffis Edgemoor. Now we know the property was sold for $115,250,000, per BLDUP.
Sodexo, a Montgomery County-based leader in foodservice across the US has announced the company’s goal of opening nearly 100 “Food Hive” markets at colleges nationwide by 2026.
Kevin Plank, the founder of Under Armour, has a story that begins in the DC suburb of Kensington, Maryland. Born the youngest of five brothers to William and Jayne Plank, Kevin’s upbringing was steeped in the values of hard work and community service. His father, a notable real estate developer who passed away in 1993, was responsible for local projects like the Al Marah subdivision (Bethesda), while his mother served as mayor of Kensington for eight years and later directed the Office of Legislative and Intergovernmental Affairs under President Ronald Reagan.
The Container Store, a leading retailer of organizing solutions, custom spaces, and in-home services, announced it has filed for voluntary protection under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas on December 22, 2024. The company has two locations in Montgomery County– Gaithersburg and Rockville.
Montgomery County Launches $10 Million Grant Program for Startups and Underrepresented Entrepreneurs
Montgomery County Executive Marc Elrich recently announced the launch of the $10 million Technology Innovation Fund and Founders Fund, offering commercialization grants to support early-stage businesses and underrepresented entrepreneurs, with applications open until January 31, 2025. (more…)
The Randolph Center, located at 12295 Nebel St. in Rockville, has been sold for $18 million according to a report by Maryland Newsletters.
A Few Cool Hardware Stores, a group of 13 employee-owned hardware stores in the DC and Baltimore metro areas, has signed a lease to take over the Gold’s Gym space […]
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Parinaz Fathi, a Rockville native who graduated from the University of Maryland in 2015 before moving on to the University of Illinois Urbana-Champaign to complete her Ph.D.in 2020, has been named tot he 2025 Forbes 30 Under 30 List in the Science category. She now works an independent research scholar (PI) at NIH. (more…)
Germantown Native and Northwest High School Alumna, Caitlyn Kumi, Makes 2025 Forbes 30 Under 30 List
Caitlyn Kumi, a Germantown native who graduated from Northwest High School in 2017, has made the 2025 Forbes 30 Under 30 List in the ‘Marketing & Advertising’ category. She is […]