The Gaithersburg-Germantown Chamber of Commerce is preparing to enter a new chapter, with plans to unveil a new name and brand identity later this month as part of a broader effort to reflect the evolving Upcounty business community.
Business
EYA and Bernstein Management Corporation (BMC) are under contract to redevelop the former GEICO headquarters site in Friendship Heights, marking a major step toward transforming the long-vacant corporate campus into a new mixed-use residential community.
Comstock Holding Companies has expanded its footprint in Rockville with the acquisition of The Reed, a 417-unit apartment community located at 15955 Frederick Road.
Rockville-based X-energy is taking steps to go public. The company, located at 530 Gaither Rd., announced it has filed paperwork with the U.S. Securities and Exchange Commission for a proposed initial public offering, or IPO. X-energy plans to list its stock on the Nasdaq under the ticker symbol “XE.”
A recently completed apartment conversion in downtown Silver Spring has changed hands. The Guardian, a 167-unit residential building at 8605 Cameron Street, sold for $14.3 million at a substitute trustee’s auction on February 26. The sale reflects the tenant’s interest in a ground lease for the property, according to Maryland Newsletters, which first reported details of the transaction.
The Olney Chamber of Commerce has announced its 2025 Chamber Award winners, recognizing businesses and individuals for their service, leadership, and contributions to the greater Olney community.
A Germantown medical building occupied by Patient First has been sold for $5.45 million, according to a report from Maryland Newsletters.
Federal Realty Investment Trust has announced the sale of Courthouse Center, a 33,000SF shopping center in Rockville, for $10 million.
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…)
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.