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.
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.
The least expensive/most affordable single family home in Montgomery County is 11811 Kingstead Rd, Clarksburg, MD 20871. The house has been on the market for two days at a time where the median sale price of a home in Montgomery County was $650K last month, up 2.4% since last year (according to Redfin).
Bethesda-based commercial real estate firm Finmarc Management, Inc. has acquired Riverview Plaza in Frederick, MD, for $30 million., the Frederick Pulse reports.
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. There is no current plan for the theater to close, but CBRE is brokering the potential sale and it is being presented as “a residential development opportunity in the heart of Germantown.”
A nearly 12,000 SF home will soon be up for sale in Bethesda for $23.5 million. The home will be listed by TTR Sotheby’s Daniel Heider, less than four years […]
MCB Real Estate today announced today that it will lead the development for VIVA White Oak, a long-awaited development project in Eastern Montgomery County.
The American Cancer Society has relisted the property that was donated to the organization by former Washington Commanders owners Dan and Tanya Snyder just two months ago. The news of the listing was first reported by the Wall Street Journal, which noted that the original donation comes with tax benefits that would not come with donating the proceeds of the home sale. The Snyders will be able to deduct fair marker value of the property from their taxable income according to the market value of the home that was determined by a third-party appraiser. The appraised value has not been made available.
Flats 8300, at 8300 Wisconsin Ave, has sold for $129.8 million to Denver-based AIR Communities, according to a BisNow report. According to the report, the property was initially sold to the seller, Invesco Real Estate, for $207 million in 2016.
9841 Washingtonian Boulevard in Gaithersburg, located between YardHouse and the new IKEA location at Rio Lakefront, is now available for sale according to a recent Maryland Newsletters report.