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Go to Rockville Office Building Goes to Auction Later This Month ($6 Million Starting Bid)
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Business
Olney-Based Sandy Spring Bank Acquired to Create Largest Regional Bank Headquartered in Mid-Atlantic
Atlantic Union and Olney-based Sandy Spring Bank jointly announced today that they have entered into a definitive merger agreement for Atlantic Union to acquire Sandy Spring in an all-stock transaction […]
The Container Store Group and Beyond, Inc. (owner of Bed Bath & Beyond, Overstock, Zulily, and other online retail brands) have announced that the companies have entered into a partnership that will bring back the Bed Bath and Beyond Brand through The Container Store. There are currently two Montgomery County locations of The Container Store– in Gaithersburg and Rockville.
Montgomery County-based Adventist HealthCare was honored for the fifth straight year on the annual list of America’s Best-in-State Employers by Forbes. The Gaithersburg-based health care system ranked No. 10 overall among Maryland employers and was the highest-ranked health care system in the state.
The building that was the home of Cubano’s in Silver Spring (1201 Fidler Lane) for more than 20 years can be purchased for $2.75 million, according to a new listing on a business-for-sale website.
MoCo’s Economic Development Corporation (MCEDC) has announced that global giant MilliporeSigma, the U.S. and Canada Life Science business of Merck KGaA, Darmstadt, Germany, opened a $286 million biosafety testing facility in Rockville (9820 Darnestown Rd.) this week.
JLL Hotels & Hospitality group announced that it secured the sale and financing for the 315-room Hilton Washington D.C. Rockville Hotel & Executive Conference Center in Rockville, MD.
Written by Ben Shlesinger
Montgomery County may not exactly be Cooperstown, NY or Canton, Ohio but we actually do have a few halls of fame in our county. This article will look at the county’s Sports Hall of Fame, Business Hall of Fame, and Human Rights Hall of Fame.
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Rappaport has made its debut in Germantown with the acquisition of Germantown Commons, according to BLDUP. Per the report, the 200,726 SF shopping center anchored by Giant sold for $69.7 million.
Financial services provider Merchants Capital today announced more than $59 million in financing for the rehabilitation of Amber Commons, a 198-unit multifamily housing development in Gaithersburg, Maryland.
Bethesda-based The Premier Cos. recently acquired the Montgomery Executive Center property from PMRG for $8.2 million, according to BisNow (per Maryland land records). This transaction equates to $66 per square foot. PMRG owned the six-story Montgomery County property, which was constructed in 1983, for over a decade. The company originally purchased it for $12.4 million in 2013, making this month’s sale 33.8% lower than the previous purchase price.