Papa John’s International announced a major refranchising deal that shifts control of 85 restaurants across the Washington, D.C. and Baltimore regions to Pie Investments, led by franchise operator Chris Patel. The move instantly positions Pie Investments as one of the largest Papa Johns franchise groups in the country, now operating more than 150 locations nationwide.
Value City Furniture’s parent company, American Signature, Inc. (ASI), has filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of Delaware, the company announced this week. As part of the restructuring, the Value City Furniture location at 12055 Rockville Pike, located in the Montrose Crossing Shopping Center, is slated to close, according to USA Today.
A former Truist Bank (and Suntrust) branch located at 9916 Main Street in Damascus will be offered at auction from December 15 to 17, with bidding starting at $175,000.
Clarksburg-based Forterra, a rapidly growing defense-technology company specializing in autonomous ground systems, has officially reached “unicorn” status. Bloomberg reports that the company has raised $238 million in a new Series C round, pushing its valuation past $1 billion.
MedStar Health celebrated the grand opening of its newly expanded orthopedic practice at MedStar Montgomery Medical Center (MMMC) in Olney on October 10, following completion of a $2.1 million renovation that brings all orthopedic services under one roof.
Robert (Bob) David Youngentob, the Executive Chairman and founding partner of Bethesda-based EYA, LLC, passed away on October 18, 2025, at the age of 64, following a battle with cancer, according to an online obituary. Youngentob, a longtime Montgomery County resident and one of the region’s most respected developers, was widely recognized for shaping urban living across the Washington metropolitan area.
Driftwood Hospitality Management (DHM) has announced the completion of a multimillion dollar renovation at the Hilton Washington DC/Rockville Hotel & Executive Meeting Center, marking the property’s first major update in ten years.
Quince Orchard Marketplace, a prominent grocery-anchored (Safeway) shopping center in Gaithersburg, is now being marketed for sale by CBRE. It has been available since September 4th by CBRE, but a sale price has not been released.
Five Montgomery County Starbucks locations are shutting their doors as part of a nationwide $1 billion restructuring plan announced Thursday. The company’s “Back to Starbucks” transformation, under CEO Brian Niccol, includes the closure of certain North American coffeehouses and layoffs as it refocuses operations.
The count is now up to five Montgomery County stores that are set to close as part of a $1 billion restructuring plan announced Thursday by Starbucks. The company’s “Back to Starbucks” transformation, led by CEO Brian Niccol, involves shutting down certain underperforming North American coffeehouses and laying off workers.
A major redevelopment is underway in Rockville, where Bethesda-based developer EYA LLC has purchased three parcels in the Decoverly Hall office campus for $18 million with plans to build over 200 townhomes, according to a Biz Journals report.