A WARN notice filed with the State of Maryland on March 2 indicates that the IPIC Theaters location at 11830 Grand Park Avenue in North Bethesda’s Pike & Rose is expected to close on April 28, potentially impacting 116 employees. (more…)
Business
A 130,000SF outpatient medical building in Rockville/Potomac has been sold for $20.25 million, according to information shared by the brokerage firm involved in the transaction and land records.
With over 20% of new businesses failing within one year and inflation making entrepreneurship even more difficult, the personal-finance company WalletHub today released its report on 2026’s Best & Worst States to Start a Business, with Maryland ranked as the second worst state to start a business.
A major life sciences real estate deal quietly closed late last year is now coming into clearer focus. According to Maryland Newsletters, AstraZeneca followed through on a previously announced plan and purchased 14 Firstfield Road in Gaithersburg from Novavax for $20 million.
Shady Grove Medical Center is lighting up the skyline as it prepares to open its highly anticipated new tower this summer.
The Aspen Hill Club has been sold but will continue operating, ensuring no immediate changes for members of the longtime Montgomery County fitness and racquet facility.
The Greater Capital Area Association of REALTORS®, known as GCAAR, a major real estate trade organization representing more than 11,000 real estate professionals in Montgomery County and Washington, D.C., has introduced its 2026 Board of Directors, with Russell Brazil stepping into the role of president.
Bethesda-based security technology company Brivo (7700 Old Georgetown Rd.) is set to significantly expand its global footprint following the announcement of a major merger that will create the world’s largest AI cloud-native physical security company.
Federal Realty Investment Trust announced this week that it has completed the sale of Pallas at Pike & Rose in North Bethesda, marking a major Montgomery County transaction as part of a broader $170 million asset sale.
Montgomery County Government and the Montgomery County Economic Development Corporation have announced the selection of 55 early-stage companies to receive grants through the County’s Technology Innovation and Founders Funds program, a competitive initiative designed to support technology commercialization and help local startups grow.
Chris Vondas and Alex Alperstein of AdvisoRE LLC brokered the sale of the building at 7909 Norfolk Avenue, which officially closed Monday for $1.1 million. The property was sold to an investor.