Federal Realty Investment Trust has announced the sale of Courthouse Center, a 33,000SF shopping center in Rockville, for $10 million.
Real Estate
A Rockville-based partnership has purchased two buildings in the Montgomery County Airpark area for $4.99 million, according to Maryland Newsletters.
Potomac Oak Shopping Center in Potomac has been sold, according to a report from Maryland Newsletters.
Granite Canyon Partners (GCP) has acquired The Grove shopping center in Derwood, marking the first time the property has changed hands since it was developed by the Casey family. Maryland newsletters reports the shopping center sold for $17.4 million.
Montgomery County officials say the County’s rent stabilization law is delivering on its promise to provide renters with stability while still allowing landlords to maintain their properties, according to a newly released report from the Department of Housing and Community Affairs.
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.
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.