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.
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Real Estate
The Randolph Center, located at 12295 Nebel St. in Rockville, has been sold for $18 million according to a report by Maryland Newsletters.
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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.
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Go to Rockville Office Building Goes to Auction Later This Month ($6 Million Starting Bid)
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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.
JLL Hotels & Hospitality group announced that it secured the sale and financing for the 315-room Hilton Washington D.C. Rockville Hotel & Executive Conference Center in Rockville, MD.
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Rappaport has made its debut in Germantown with the acquisition of Germantown Commons, according to BLDUP. Per the report, the 200,726 SF shopping center anchored by Giant sold for $69.7 million.
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The American Cancer Society has lowered the price of the property that was donated to the organization by former Washington Commanders owners Dan and Tanya Snyder earlier this year. The house, located at 11900 River Rd. in Potomac, is now available for $29.9 million– a $5 million price drop from the previous $34.9 million price, and almost $20 million less than the $49 million it was initially listed for in February 2023.
Bethesda-based The Premier Cos. recently acquired the Montgomery Executive Center property from PMRG for $8.2 million, according to BisNow (per Maryland land records). This transaction equates to $66 per square foot. PMRG owned the six-story Montgomery County property, which was constructed in 1983, for over a decade. The company originally purchased it for $12.4 million in 2013, making this month’s sale 33.8% lower than the previous purchase price.
20500 Seneca Meadows Pkwy in Germantown has sold for $8.5 million. The property was purchased by The Galiani Brothers through an affiliate, according to Maryland Newsletters.
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The Carnegie at Washingtonian Center, a full-service retirement community featuring 302 one and two-bedroom residences across seven stories and 8.5 acres, officially opened on August 15 in Gaithersburg, MD. The community is located adjacent to the Washingtonian Center.