The former Sodexo headquarters in Gaithersburg has been successfully rebranded as “Waterfront at Washingtonian” and is now 85% leased, thanks to a significant new anchor tenant and recent comprehensive upgrades.
Real Estate
Kisco Senior Living has announced the addition of The Preston of Rockville, a senior living community in Rockville, MD, to its portfolio as of June 23, 2025. Formerly The Seneca Rockville, the community was previously owned by Silverstone Senior Living and has now been acquired by Kisco for $44 million, according to Biz Journals.
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The American Cancer Society has once again lowered the price of the property that was donated to the organization by former Washington Commanders owners Dan and Tanya Snyder in 2024. The house, located at 11900 River Rd. in Potomac, is now available for $24.9 million– a $5 million price drop from the previous $29.9 million price, and almost half of the $49 million it was initially listed for in February 2023.
D1 Seafood Buffet & Bar (19961 Century Boulevard) in Germantown closed permanently this past spring. The space was previously home to Sushi Legend Cajun Seafood and Bar until December 2023, and before that, The Greene Turtle until 2020. The building was listed as available for sale with a $3.5 million price tag, and now it’s going to auction.
The Shops at Congressional Village, a prominent shopping center in Rockville, Maryland, is once again making headlines as it becomes available for purchase. The center, which sold for $44 million at auction in 2022 after the previous owner defaulted on a 2019 mortgage, has since undergone a transformation, attracting several new businesses and restaurants.
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A historic shopping center that once served as a grain mill in Olde Towne Gaithersburg has been sold.
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Frederick, MD-based PGH Properties acquired the former Regal Germantown Theater, located at 20000 Century Blvd., for $12 million, per a Maryland Newsletters report.
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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.
Once a thriving bank branch– first Chevy Chase Bank, then Capital One– the small office building at 17831 Georgia Ave. in Olney has found a new direction.
With the median home sales price having skyrocketed from $313,000 in Q1 2019 to $416,900 in Q1 2025, the personal-finance website WalletHub today released its report on 2025’s Most (and Least) Affordable Cities for Home Buyers, with nearby Baltimore coming in as the #7 most affordable large city in the country and #25 overall (including mid-sized cities).
The Greater Capital Area Association of Realtors (GCAAR) has released its housing statistics for April 2025, stating that the “D.C.-area housing market is starting to normalize to pre-covid levels.” GCAAR’s most recent update can be seen in full below: