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.
Business
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.
Silver Diner, which first opened its doors in Rockville in 1989, has grown into a regional favorite across the DMV. This summer, the restaurant chain introduced a new family-oriented tradition, “Unplug at Silver Diner,”held Tuesday evenings as a way to encourage families and friends to connect over dinner and games without the distraction of screens.
National Lumber Company, one of the Mid-Atlantic’s oldest family-owned building material suppliers, announced on Wednesday the acquisition of Fisher Lumber (525 E Gude Dr.) in Rockville, Maryland.