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.
Business
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.
BurgerFi International, Inc., owner of BurgerFi and Anthony’s Coal Fired Pizza & Wings announced on Wednesday that it has filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code.
The Sears located at 11255 New Hampshire Ave in White Oak closed its doors in early 2021. It has been sitting vacant for three years, but now there’s light at the end of the tunnel as the property was approved at a recent Board of Public Works meeting for a $2 million grant from the National Capital Strategic Economic Development Fund, according to a Maryland Newsletters report.
MileOne Autogroup has announced the recent opening of its newest dealership, MileOne INEOS Grenadier, located at 3141 Automobile Blvd., Silver Spring, MD 20904. The dealership, one of only 20 INEOS Grenadier dealerships in the […]
20500 Seneca Meadows Pkwy in Germantown has sold for $8.5 million. The property was purchased by The Galiani Brothers through an affiliate, according to Maryland Newsletters.
Great Place To Work and PEOPLE magazine have recognized Bethesda’s Marriott International as one of the 2024 PEOPLE® Companies that Care. This marks Marriott International’s (Marriott) fifth consecutive year on the list and highest placement to date at number four. Marriott’s inclusion on the list is a recognition of the company’s focus on its sustainability and social impact platform, Serve 360: Doing Good in Every Direction.
Fairfield has announced the completion of the final construction phase of 333 Ellington Apartments inside the Downtown Crown planned community development. Located in the heart of the master plan at 333 Ellington Blvd., Gaithersburg, MD, this brand-new multifamily community adds 244 studio, one-, two-, and three-bedroom apartments, including 27 affordable homes.
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CAVA has made its debut on the New York Stock Exchange in June 2023, with its IPO priced at $22 per share, valuing the company at $2.5 billion. This morning, […]
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On Monday evening, a vehicle was backed up through the storefront of Flex All Day at 10231 Old Georgetown Road in Bethesda’s Wildwood Shopping Center. The store, which offers activewear for women, has posted an update– sharing that they’re working hard to reopen as soon as possible.
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Montgomery County has 39 companies on this year’s Inc. 5000 list of the fastest-growing private companies in America—the most of any jurisdiction in the state of Maryland. According to ThinkMoCo, Montgomery County’s Economic Development Corporation, “companies on this prestigious annual list are ranked according to overall percentage revenue growth from 2020 through 2023.”