A suburban office building, at 4110 Aspen Hill Rd. near Georgia Ave. in Aspen Hill, sold for $3.5 million.
Business
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AstraZeneca, which has a significant presence in Montgomery County with a large scientific campus/base in Gaithersburg and a new manufacturing facility in Rockville, has agreed to acquire EsoBiotec– a biotech company specializing in innovative cell therapies, for up to $1 billion.
Alchemy Hair Salon, located at 10739 Columbia Pike in the Shoppes of Burnt Mill shopping center in Silver Spring, has announced that it will be closing its doors after 20 years of service.
Back in December 2022, we announced that Playful Pack, a daycare and boarding facility for dogs, would be opening a new location in the Travilah Square shopping center in Rockville. We can now share that it is has opened at 10016 Darnestown Rd.
With the U.S. spending over $800 billion per year on Research and Development (R&D), the personal-finance website WalletHub today released its report on 2025’s Most & Least Innovative States, with Maryland coming in ranked 6th overall.
In a remarkable tale of entrepreneurship rooted in Montgomery County, Maryland, City Bonfires has emerged as a popular name in outdoor lifestyle products. We caught up with co-founder Chris McCasland who grew up in Germantown and attended schools such as Daly, Neelsville, and Watkins Mill High School, to talk about the company’s journey.
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Maryland Public Television (MPT) today announced that Montgomery County resident Steven J. Schupak, MPT’s current executive vice president and station manager, will become the sixth president and chief executive officer of the 55-year-old statewide TV network on July 1, succeeding retiring CEO Larry D. Unger.
On Friday, County Executive Marc Elrich shared the news of the county helping launch the U.S. Global Business Center in Rockville, established by leaders of Montgomery County’s South Korean sister city of Daejeon.
Silver Spring-based United Therapeutics Corporation announced that the U.S. Food and Drug Administration (FDA) has approved its application to start a clinical study of UKidney™, a kidney derived from a genetically modified pig.
JLL Capital Markets has announced that it has secured the $194 million sale of 8001 Woodmont, a 322-unit trophy multifamily asset with 19,452 SF of retail space in Bethesda, Maryland. JBG Smith Properties Sold the building to Peterson Companies.
Montgomery County government is reminding businesses and residents that the county’s minimum wage will increase by 50 cents on July 1, adjusting for inflation as required by county law. The new rates will be $17.65 per hour for large employers, $16 per hour for mid-size employers, and $15.50 per hour for small employers. (more…)