Famous Pawn Brokers, located at 11129 Veirs Mill Rd in Wheaton, has made one of its larger purchases– but it wasn’t a transaction inside the store. The pawnbroker now owns the building at 11123 Veirs Mill Road.
Business
The Leapfrog Group, a national nonprofit organization, released ‘patient safety’ grades for all Maryland hospitals. Below is a list of the hospitals that earned A’s in Maryland along with their cities (two in Montgomery County):
Bethesda-based Marriott International announced it has reached an agreement to acquire the Netherlands-based lifestyle/hotel brand citizenM in a deal for $355 million.
Federal Realty recently announced today that Miles & Stockbridge committed to 915 Meeting, located in the Pike & Rose neighborhood in North Bethesda, MD. The building is now more than 90 percent leased as Robert Half and First Savings Mortgage relocated in early 2025.
Buc-ee’s is gearing up for its first Virginia location with a hiring event ahead of its anticipated summer 2025 opening in Rockingham County (Mount Crawford, VA)– a roughly two hour drive from Montgomery County, MD.
The Central, a 243-unit apartment building at 8455 Fenton Street in Silver Spring– completed in 2017– has been sold for $71.35 million.
Unibal-Rodamco-Westfield (URW) has defaulted on a roughly $235 million securitized loan tied to Westfield Wheaton– the largest mall in suburban Maryland 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.
Sam’s Club, which has one Montgomery County location at 610 N Frederick Ave. in Gaithersburg, has announced that it will be opening 30 new locations across the country and will be remodeling all 600 of its existing clubs.
VisArts (155 Gibbs St. in Rockville Town Square), a hub for artistic exploration and social impact that has been bringing people together through shared creative experiences since 1987, has announced it has selected its new CEO after a national search. Lisa Mary Ryder will be taking on the role starting May 27th. She will be taking over for the recently retired Alice Nappy, who was with VisArts for 15 years. Heller An Shapiro, who previously led a board development project for VisArts, is guiding programming until Ryder starts her new role. The full announcement, made by VisArts on social media, can be seen below:
The office building at 805 King Farm Boulevard is scheduled to be auctioned on April 18, 2025. According to an auction ad from Alex Cooper Auctioneers, the property owner, King Farm 4 Sub Owner LLC, defaulted on a loan that was originally for $38.5 million, according to county land records (as reported by Maryland Newsletters).
Adventist HealthCare White Oak Medical Center has been named a recipient of the 2025 Minogue Circle of Honor Award for Patient Safety Innovation by the Maryland Patient Safety Center, which recognizes top safety and quality solutions in healthcare throughout the region. This award celebrates White Oak Medical Center for using evidence-based approaches and patient safety principles to reduce inpatient falls.