The Shops at Congressional Village, a prominent shopping center in Rockville, Maryland, is once again making headlines as it becomes available for purchase. The center, which sold for $44 million at auction in 2022 after the previous owner defaulted on a 2019 mortgage, has since undergone a transformation, attracting several new businesses and restaurants.
Arctaris Impact Investors, LLC, a national impact investment firm with a 15-year track record in underserved communities, announced late last month an equity investment in a $27 million opportunity zone hotel-to-residential conversion opportunity in downtown Silver Spring, Maryland. Source of the Spring reports that it will be the former Hotel Silver Spring, located at 8727 Colesville Rd., that closed in May.
Bark Social, the dog park, bar, and coffee shop hybrid that launched its first location at Pike & Rose in North Bethesda in February 2021, announced its immediate closure as of November 2024 after expanding to a total of five locations. In a recent development, We Love Pets LLC has agreed to purchase two Bark Social venues in Canton and Columbia Maryland for $500,000.
Premier has announced the completion of its latest upscale focused service hotel renovation: the Hilton Garden Inn Bethesda (7301 Waverly St.), which underwent a $4 million renovation. Photos are available below.
Northmarq has arranged $141.73 million in financing for a two-asset, 493-unit portfolio of high-rise apartment buildings in Montgomery County. The deal was structured by Northmarq’s Washington, D.C.-based Debt + Equity team, led by Jason Smith and Kenneth Gentzel, on behalf of Washington Property Company.
Gaithersburg-based Adventist HealthCare and Howard University announced today that talks regarding the possible acquisition of Howard University Hospital(HUH) by Adventist HealthCare have ended. In conjunction, Management Services Agreements (MSAs) between Adventist HealthCare and Howard University will be phased out over a transition period. The hospital’s MSA, as well as the Faculty Practice Plan’s MSA, will end in February 2026.
Peterson Cos. has requested schematic development plan approval for up to 500 multi-family residential units and 43,000 SF of retail uses in four buildings located throughout the Washingtonian Center at Rio in Gaithersburg.
Adventist HealthCare Shady Grove Medical Center has been awarded and recently accepted the Silver Beacon Award for Excellence from the American Association of Critical-Care Nurses. This national recognition honors the hospital’s Intensive Care Unit (ICU) and Progressive Care Unit (PCU) for its dedication to outstanding patient care, teamwork, and nursing excellence.
Gaithersburg-based Remedy Plan Therapeutics (Remedy Plan), a privately-held, clinical-stage pharmaceutical company developing novel, hyperbolic NAMPT inhibitors located at 704 Quince Orchard Rd., today announced the company has raised over $18 million in an oversubscribed insider financing round. The round includes participation from Schooner Capital and Alexandria Venture Investments. This brings the company’s total funding to date to $55 million.
29th Street Capital (29SC) and Willton Investment Management have completed the acquisition of Fenwick Apartments, a 311-unit Class A- multifamily community located in downtown Silver Spring, Maryland. Built in 2014 and currently 96.8% occupied, Fenwick Apartments was purchased for $95.1 million, according to BizJournals.
SOMOS Brazilian Jiu-Jitsu has officially opened its doors earlier this month at 1343 Lamberton Dr, Silver Spring, MD 20902, in the Kemp Mill shopping center. Founded by the father-son duo of Christian Martinez and Braden, this gym is more than just a training facility– it’s a place where passion, culture, and community converge.