In October, Buy Buy Baby announced that it will be closing all existing stores and transforming into a digital-first brand “focusing all our energy on providing an exceptional online shopping experience.” As the last of the remaining stores set to close, the Buy Buy Baby brand has been purchased by the owner of Bed Bath & Beyond. The first Buy Buy Baby store opened in Rockville, MD in 1996.
In a recent real estate transaction, a commercial property on Rockville Pike has officially changed ownership. The property located at 1470 Rockville Pike, previously a BB&T Bank branch, has been acquired by Potomac-based RPR LLC for $1.3 million.
With around 1 in 5 new businesses failing within the first year and inflation making things even more difficult, the personal-finance website WalletHub today released its report on the Best & Worst States to Start a Business in 2025, with Maryland coming in ranked 46th overall.
Back in March 224, we let you know that 255 Rockville Pike, a property in Rockville known as the Rockville Center, was sold via auction for $5.72 million. Now 255 Rockville Pike LLC has submitted an application to redevelop the property with a maximum of approximately 550 multifamily units and a Level 2 site plan applicant for the first phase of redevelopment with approximately 285 multifamily units.
Sentinel Real Estate Corp. has made a significant investment in the DC Metro Area– acquiring two recently constructed multifamily buildings for over $317 million. Among these properties is Rockwell at Crown, formerly known as Aventon Crown, in Gaithersburg’s Downtown Crown neighborhood.
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.
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.