A Bethesda home has hit the market for $18.75 million, making it the third highest listing in Montgomery County (seventh highest in the state). The 26,000 SF house is located at 7209 Arrowood Rd. and comes with nine bedrooms and 9.5 bathrooms on a 1.02 acre lot. This is the third highest priced listing behind the Potomac home previously owned by former Washington Commanders owners Dan and Tanya Snyder ($29.9 million), and a $23.5 million house on MacArthur Blvd in Bethesda.
In a recent real estate transaction, a commercial property on Rockville Pike has officially changed ownership. The property located at 1470 Rockville Pike, previously a BB&T Bank branch, has been acquired by Potomac-based RPR LLC for $1.3 million.
Sentinel Real Estate Corp. has made a significant investment in the DC Metro Area– acquiring two recently constructed multifamily buildings for over $317 million. Among these properties is Rockwell at Crown, formerly known as Aventon Crown, in Gaithersburg’s Downtown Crown neighborhood.
Donaldson Impact Investments partnered with Affordable Homes & Communities (AHC), a leading regional non-profit affordable housing developer, to acquire Country Place Apartments in Burtonsville, MD for $63 million.
Griffis Residential last month announced its expansion to the East Coast with the acquisition of Maizon, a 229-unit multifamily property in Bethesda, Maryland, now rebranded as Griffis Edgemoor. Now we know the property was sold for $115,250,000, per BLDUP.
A 2.09-acre lot that is positioned directly along I-270, on Redland Rd. off of Exit 8, is being auctioned off on January 13th with a $325K starting bid.
The Randolph Center, located at 12295 Nebel St. in Rockville, has been sold for $18 million according to a report by Maryland Newsletters.
This past summer we let you know that Realty Income Corporation is looking to sell its 7-acre property at 20000 Century Blvd in Germantown, which is currently home to the Regal Germantown movie theater. An employee at the theater has confirmed that Regal will close its Germantown location permanently on Sunday, December 1st. Rockville and Silver Spring locations will continue to operate normally.
The building that was the home of Cubano’s in Silver Spring (1201 Fidler Lane) for more than 20 years can be purchased for $2.75 million, according to a new listing on a business-for-sale website.