The property that houses Pines of Rome, a Bethesda dining landmark with more than five decades of history, has been listed for sale with an asking price of $3.75 million. Located at 4918 Cordell Avenue, the freestanding building offers 4,012 square feet of space on a 5,250-square-foot lot. A representative from The Restaurant Broker, which is handling the listing, tells us the sale is due to Chef/Owner Marco Troiano’s plan to retire.
In May we let you know of a Schematic Development Plan (SDP) by Peterson Cos. to develop parts of Rio Lakefront with up to 500 multi-family residential units apartment units and 43,000 SF of retail uses in four buildings located throughout the Washingtonian Center. The City of Gaithersburg has provided an update that consists of several exhibits of public comments made by community members on the proposal (links to comments available below).
The latest housing data from July indicates that the average number of days a home stays on the market in Montgomery County, Md. and Washington, D.C. has increased to 31 days, a 35% increase above the five-year July average of 23 days, according to new data from the Greater Capital Area Association of REALTORS® (GCAAR).
Sansone Group, based in St. Louis, in partnership with Silver Spring-based Priseda, acquired a 214,000 SF Tier 4 data center located at 12401 Prosperity Dr. in White Oak/Silver Spring MD for $29 million, according to Biz Journals.
Kalyan Hospitality, a Virginia-based hotel ownership and management group, has announced the acquisition of the SpringHill Suites by Marriott Gaithersburg– located at 9715 Washingtonian Blvd in Gaithersburg. Maryland Newsletters reports the sale was for $6.5 million.
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.
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.
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.
A historic shopping center that once served as a grain mill in Olde Towne Gaithersburg has been sold.