A longtime gathering place in Gaithersburg has officially changed hands, with the State of Maryland purchasing the Forest Oak Lodge and its surrounding property at 11011 Game Preserve Rd. in Gaithersburg for $2.32 million.
Real Estate
The historic Bethesda Community Store property, long a recognizable landmark along Old Georgetown Road, is now officially on the market, offering a rare opportunity to own a piece of the area’s commercial history.
A major apartment community in Rockville has sold for $110 million, marking a significant expansion for a Northern Virginia-based developer in the local market. The Reed, a 417-unit residential building located at 15955 Frederick Road, was recently acquired by Comstock Holding Companies for $110 million, according to Maryland Newsletters. The deal equates to approximately $263,788 per unit.
A Los Angeles-based investment firm has made a new entry into the Rockville office market with the purchase of a Twinbrook-area property, according to reporting from Maryland Newsletters.
EYA and Bernstein Management Corporation (BMC) are under contract to redevelop the former GEICO headquarters site in Friendship Heights, marking a major step toward transforming the long-vacant corporate campus into a new mixed-use residential community.
Comstock Holding Companies has expanded its footprint in Rockville with the acquisition of The Reed, a 417-unit apartment community located at 15955 Frederick Road.
David Simon, Chairman, CEO, and President of Simon Property Group, died on March 22, 2026 at the age of 64 following a battle with cancer. Locally, Simon Property Group owns Clarksburg Premium Outlets, Leesburg Premium Outlets in Leesburg, VA, The Fashion Centre at Pentagon City in Arlington, VA, and Potomac Mills Mall in Woodbridge, VA.
A commercial property in downtown Bethesda that was previously home to Relic restaurant and lounge has sold for $3.8 million.
New data from the Greater Capital Area Association of REALTORS® (GCAAR) shows that the spring housing market is picking up, but shifting conditions are giving buyers more leverage than they’ve had in recent years.
A recently completed apartment conversion in downtown Silver Spring has changed hands. The Guardian, a 167-unit residential building at 8605 Cameron Street, sold for $14.3 million at a substitute trustee’s auction on February 26. The sale reflects the tenant’s interest in a ground lease for the property, according to Maryland Newsletters, which first reported details of the transaction.
A Germantown medical building occupied by Patient First has been sold for $5.45 million, according to a report from Maryland Newsletters.