A recent home sale has set a new pricing record in Gaithersburg’s Lakelands and Kentlands neighborhoods, underscoring strong buyer demand as the spring market begins to take shape.
Real Estate
A 130,000SF outpatient medical building in Rockville/Potomac has been sold for $20.25 million, according to information shared by the brokerage firm involved in the transaction and land records.
The Greater Capital Area Association of REALTORS® (GCAAR) reports that homes are taking longer to sell across Montgomery County and Washington, D.C., signaling a slower winter market and shifting conditions that may benefit buyers.
A major life sciences real estate deal quietly closed late last year is now coming into clearer focus. According to Maryland Newsletters, AstraZeneca followed through on a previously announced plan and purchased 14 Firstfield Road in Gaithersburg from Novavax for $20 million.
The Aspen Hill Club has been sold but will continue operating, ensuring no immediate changes for members of the longtime Montgomery County fitness and racquet facility.
The Greater Capital Area Association of REALTORS®, known as GCAAR, a major real estate trade organization representing more than 11,000 real estate professionals in Montgomery County and Washington, D.C., has introduced its 2026 Board of Directors, with Russell Brazil stepping into the role of president.
Federal Realty Investment Trust announced this week that it has completed the sale of Pallas at Pike & Rose in North Bethesda, marking a major Montgomery County transaction as part of a broader $170 million asset sale.
The Potomac estate formerly owned by Dan and Tanya Snyder has sold at auction for $13.3 million, nearly 36 million less than originally listed for, according to a report by Biz Journals.
Chris Vondas and Alex Alperstein of AdvisoRE LLC brokered the sale of the building at 7909 Norfolk Avenue, which officially closed Monday for $1.1 million. The property was sold to an investor.
Home sales across Montgomery County and Washington, D.C. dropped sharply in November, as rising inventory and ongoing economic uncertainty continued to shape the regional housing market, according to new data from the Greater Capital Area Association of REALTORS® (GCAAR).
KLNB has completed the sale of 189 Kentlands Boulevard in Gaithersburg, a two-story, 19,880-square-foot office property positioned on 1.28 acres in the center of the Kentlands community. The building sold for $5.95 million to Community Options, which will occupy the property as an owner-user, according to ConnectCRE.