McLean-based Capital One Financial Corporation and Discover Financial Services today announced that they have entered into a definitive agreement under which Capital One will acquire Discover in an all-stock transaction valued at $35.3 billion.
PNC Bank announced on Wednesday a significant investment in its branch network aimed at extending access to banking services and financial expertise for customers and communities across the country. The plan includes an approximate $1 billion investment to open more than 100 new locations and renovate more than 1,200 existing locations through 2028, including a dozen DMV locations.
Rockville’s Compost Crew announced that it has more than doubled the number of customers it services across the Greater Washington, D.C. area in 2023. The company recycled over twenty million pounds of food scraps last year, its best total to date. This growth solidified Compost Crew’s position as the largest food scrap recycling company in the Mid-Atlantic. Its headquarters are located at 12343 Carroll Ave. Rockville, MD 20852.
Hudson Valley Property Group (HVPG), a national affordable housing preservation company, today announced the acquisition of a five-property portfolio spanning 1140 units across the D.C. metropolitan area and North Carolina, including one in Rockville.
More than 50 Black-owned businesses, nonprofit organizations, and government agencies in Montgomery County will be participating in Montgomery County Black Collective’s 2024 Black Business Expo.
Jim Perdue, third-generation chairman of Maryland-based Perdue Farms, received the National Protein and Food Distributors Association (NPFDA) Lifetime Achievement Award during the group’s awards reception Wednesday at the annual Protein Convention and Showcase in Atlanta.
Finmarc Management, headquartered in Bethesda, has announced the sale of a two-story office building in Gaithersburg for nearly $4.35 million on Tuesday.
A portion of a Wheaton shopping center (11226 and 1130 Georgia Avenue) has been purchased by “1633 Wisconsin Avenue LLC” for $4.2 million.
The Duvall Center in Gaithersburg, located at 211 N. Frederick Avenue, has been sold to a partnership for $5.75 million, according to a report by Maryland Newsletters.
Talonvest Capital, Inc., a boutique self storage and commercial real estate advisory firm, and its longtime client, 1784 Holdings, have announced the closing of a $53 million construction loan for the development of a Class-A self storage facility in Bethesda, MD (The 1-acre project is at 5204 River Road). The 200K SF property will come online in Q4 of 2025.
Fund VI, the largest in Bethesda-based Arlington Capital Partners’ 25-year history, will continue the firm’s proven, long-standing strategy of building market leaders in government regulated industries
