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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Real Estate
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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:
29th Street Capital (29SC) and Willton Investment Management have completed the acquisition of Fenwick Apartments, a 311-unit Class A- multifamily community located in downtown Silver Spring, Maryland. Built in 2014 and currently 96.8% occupied, Fenwick Apartments was purchased for $95.1 million, according to BizJournals.
Famous Pawn Brokers, located at 11129 Veirs Mill Rd in Wheaton, has made one of its larger purchases– but it wasn’t a transaction inside the store. The pawnbroker now owns the building at 11123 Veirs Mill Road.
The Central, a 243-unit apartment building at 8455 Fenton Street in Silver Spring– completed in 2017– has been sold for $71.35 million.
JAG Partners Potomac LLC recently acquired a 27,408-SF office building at 10000 Falls Road for $17.375 million, according to paperwork recorded in the Maryland Land Record (first reported by Maryland Newsletters).
Redfin, a leading national real estate brokerage, has compiled a list of the “Hottest Neighborhoods in 2025.” This list is based on an analysis that ranks U.S. zip codes within the 150 most populous metro areas, utilizing year-over-year growth in listing views on Redfin.com and the Redfin Compete Score– an indicator of how competitive it is to secure a home in these areas. One Maryland city made it on the list.
A suburban office building, at 4110 Aspen Hill Rd. near Georgia Ave. in Aspen Hill, sold for $3.5 million.