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Content about Bethesda, Maryland

December 9, 2011
federal government allowed 96 percent of the office space under construction in the Maryland National Capital Region to be pre-leased

With a big help from the federal government, Maryland's "economic engine", Montgomery County, has managed to lead all jurisdictions outside the district in office space construction -- with nearly all of Montgomery County's primary office markets participating.

The latest data from Transwestern Mid-Atlantic with headquarters in Bethesda, shows office space construction in the county stands at nearly 2 million square feet, that puts it ahead of surrounding area jurisdictions including Fairfax and Arlington counties in Virginia.

October 10, 2011

The contract will create at least 20 jobs at United Therapeutics's downtown Silver Spring headquarters.

Silver Spring-based United Therapeutics (NASDAQ: UTHR) subsidiary, Unither Virology, LLC has just been awarded a contract from the National Institutes of Health's (NIH), National Institute of Allergy and Infectious Diseases (NIAID) division.

The Montgomery County biotech will receive a $45 million contract over five years, including a 42-month base period that will fetch approximately $10.6 million in funding. Eight milestone-based options are part of the remaining funds.

August 9, 2011

The Class-A, LEED Gold buildings are adjacent to the King Farm mixed-use development.

Bethesda-based First Potomac Realty Trust (NYSE:FPO) announced that it has completed a lease transaction with DRS Defense Solutions, LLC to take space at Redland Corporate Center II in Rockville.

DRS, a technology defense contractor, will occupy 23,033 square feet, taking the entire ninth floor of the 210,862 square-foot Redland Corporate Center II. The company is anticipated to move in from its Bethesda office by March 2012 on a five-year term lease.

August 4, 2015

Bethesda once again topped the list of the “most educated places in America” according to personal finance data site, NerdWallet.

99 percent of residents have a high school diploma or associate degree and 81 percent of residents have a bachelor’s degree, they are the highest percentages in the United States.

Potomac came in as number three on the list with 98 percent holding a high school diploma or associate degree and 81 percent having obtained a bachelor’s degree.

July 24, 2015

Presented are the top 5 most expensive homes currently for sale in the Bethesda area. The homes are all single-family detached containing at least 5,000 square feet and sitting on multiple acres.

One of those homes in the list contain over 24,000 square feet but sits at number 3 in price. It's not the freshest but the price per square foot is far lower than the rest on the list.

Every kitchen in this list but one contains an island but all of them use high quality materials for countertops with the majority of the kitchens being renovated recently as well.

July 21, 2015

A new player is about to enter the Washington, D.C. banking market and has selected Bethesda for its first branch location in the area. Pending approval from Maryland regulators, Carroll Community Bank could be open for business by the end of the year.

The bank’s parent, Carroll Bancorp (OTC: CROL), is a Syskesville-based company that has two branches in Carroll County, just northwest of Baltimore but it’s making a big jump over areas like Columbia or Towson to open its third branch in Bethesda.

December 29, 2014

The Washington Post’s Capital Business section released its Post 200 mid-month. The local business report includes a variety of lists, ranking local companies in the D.C. area (and part of the Baltimore area as well) from largest by industry to largest by revenue for example.

June 3, 2013

Bethesda-based Host Hotels & Resorts (NYSE: HST), Inc announced that it has acquired the fee-simple interest of a large Hyatt branded resort.

One of the world's largest real estate investment trusts or REIT paid $138.5 million for the 426-room Hyatt Place Waikiki Beach in Honolulu, Hawaii.

Involved in the transaction were affiliates of Chartres Lodging Group, LLC and Morgan Stanley Real Estate Fund VII Global.

$45 million was spent to renovate and convert the hotel to a Hyatt in 2012 and is managed by Kokua Hospitality.

January 5, 2012

Developer of the North Bethesda Center and the U.S. Patent and Trademark Office, in Alexandria, was presented with five awards for Marketing and Advertising Excellence (MAE) at the 2011 annual Property Management Association event.