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.
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.
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.