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.
The Harbor Bank of Maryland will celebrate a major milestone this month with the grand opening of its first Montgomery County branch in downtown Silver Spring. The event is set for Tuesday, September 23, from 11:30am to 1:30pm at 1010 Wayne Avenue. The bank opened for business earlier this summer.
Human BioSciences Inc., a longtime Gaithersburg-based biotech company specializing in wound-care products, is preparing to close its headquarters later this year. According to a Worker Adjustment and Retraining Notification (WARN) notice filed with the state of Maryland, the company will shutter its site at 940 Clopper Road and relocate operations to West Virginia effective November 5.
In April, Biz Journals reported that Unibal-Rodamco-Westfield (URW) had defaulted on a roughly $235 million securitized loan tied to Westfield Wheaton, the largest mall in suburban Maryland (DC Region) and the fourth largest in the Greater Washington area. The mall was originally built in 1958 and was known as Wheaton Plaza, the first shopping mall in Montgomery County. (more…)
Rockville-based MacroGenics, Inc. (Nasdaq: MGNX), a clinical-stage biopharmaceutical company developing innovative antibody-based therapeutics for the treatment of cancer, announced that effective as of August 13, 2025, Eric Risser has been appointed President, Chief Executive Officer and to the Board of Directors.
Sansone Group, based in St. Louis, in partnership with Silver Spring-based Priseda, acquired a 214,000 SF Tier 4 data center located at 12401 Prosperity Dr. in White Oak/Silver Spring MD for $29 million, according to Biz Journals.
Montgomery County-based Adventist HealthCare hospitals Shady Grove Medical Center and White Oak Medical Center have been recognized by the American Heart Association for their ”commitment to treating patients following the most up-to-date, evidence-based guidelines for stroke and cardiovascular care.”
Kalyan Hospitality, a Virginia-based hotel ownership and management group, has announced the acquisition of the SpringHill Suites by Marriott Gaithersburg– located at 9715 Washingtonian Blvd in Gaithersburg. Maryland Newsletters reports the sale was for $6.5 million.