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Content about Rockville, Maryland

October 2, 2012

After more than five years of suspense, residents of Rockville were introduced to a brand new grocery store over this past weekend located in the ever popular Rockville Town Square. Patrons swarmed the new retailer's first entry into the D.C. area market to participate in the highly publicized grand opening event.

March 29, 2012

A planned residential and retail project by real estate developer JBG was met with mostly heavy opposition from community residents who live in the Twinbrook area of Rockville, where the project would be developed.

The site plan for 1800 Rockville Pike came before the City of Rockville planning board Wednesday night seeking approval from the commission. The approval of the site plan would have been the final step before permits are issued and construction starts for the urban style, low-rise project designed by architectural firm, Hord Coplan Macht.

January 12, 2012

The show is set to take place at Band Kamp, a brightly decorated warehouse located at 12017 Nebel St in North Bethesda

Many often wonder about the art scene here in Washington D.C. area. While the district offers its fair share of museums, studios and more, the public often neglects artists on the other side the border. Just as the Metro transports visitors and locals into the city, it also offers an escape to areas in the opposite direction that are less explored.

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.

November 4, 2011

A Developer plans a new project at the former Reed Brothers Dodge Dealership Site

The housing crisis has had ramifications not only for the overall economy, but the auto industry in particular was hit hard and has not recovered. It has yet to return to pre-recession levels. Where vehicles are the next-in-line purchase after real estate for most people, monthly vehicle sales—at one time during the recession—dropped to a level not seen since the early nineties. The hard hit American automakers left a trail of closed dealerships across the region as they cut back on their dealership networks.

September 13, 2011

Rockville-Based Washington Real Estate Investment (WRIT) (NYSE: WRE), which announced plans to dump industrial properties as well as some outside the beltway, has purchased an office complex on the north side of Old Towne Alexandria.

Built in 1985, Braddock Place office park contains 345,000 square feet and is adjacent to the Braddock Road Metro Station. Washington Real Estate Investment paid $101 million in cash for the four building property at 1310, 1320, 1330 and 1340 Braddock Place.

September 1, 2011

Rockville Town Center is continuing to take shape with a much needed office project breaking ground in Montgomery County's seat of operations.

Choice Hotels International (NYSE:CHH) will move 400 employees from 10750 Columbia Pike in Silver Spring to Rockville Metro Plaza II at 121 Rockville Pike, under a 15 year lease. The project is being developed, managed and owned by Foulger-Pratt.

August 22, 2011

With a new grocery store anchor on the way, Federal Realty Investment Trust (FRIT) (NYSE: FRT)wants to make sure patrons are receiving the best experience at the Rockville Town Square.

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.

July 12, 2011

Choice Hotels International, Inc (NYSE:CHH)  has completed a lease agreement to move its global corporate headquarters to Rockville.

The popular hotel management company will take up an entire building to be constructed at 121 Rockville Pike. The 130,000 square foot Class A office building is expected to break ground shortly, for a projected spring 2013 move in.

August 13, 2015

Inc., has released it's annual list of the 5000 fastest growing companies for 2015. The list commonly known as the “Inc 500” measures the growth of U.S.-based private companies between 2011 and 2014 with a minimum revenue of $100,000 in 2011 and minimum revenue of $2 million for 2014. Inc's revenue tracking requirement for companies started in March 2011.

August 12, 2015

Strayer University isn’t the only new lease at 1803 Research Boulevard, the landlord was able lure three additional tenants at the corporate office building being currently under renovations financed by Bethesda-based Eagle Bankcorp.

The entire first floor space of 1803 Research Boulevard has been snatched up by four new tenants. Each floor plate in the building is approximately 20,000 square feet.

August 7, 2015

A for-profit university offering post-secondary education services is expanding into a newly renovated building in Montgomery County’s largest office market in North Rockville.

With headquarters in a far-flung suburban area like Herndon, Va, Strayer University has attracted commuters with full-time jobs that require flexibility but also the possibility of earning a degree to boost their career and jobs prospects.

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 20, 2015

Biodefense company Emergent BioSolutions (NYSE: EBS) won a large Biomedical Advanced Research and Development Authority (BARDA) contract to treat Ebola Monoclona.

The contract is the company's first BARDA Task Order to create an Ebola treatment under the Center for Innovation in Advanced Development and Manufacturing (CIADM) program. BARDA is an authority under the U.S. Department of Health and Human Services.

July 13, 2015

Rockville-based developer, Federal Realty Investment Trust (NYSE: FRT) has lured an experiential entertainment company to open it's first location in Maryland.

Ifly Indoor Skydiving will be landing at The Avenue at White Marsh. A newly constructed 6,000 square foot building will become Ifly's new base in Baltimore County and is expected to open mid-2016.

All Ifly locations have a unique building design and locations reach as far as Australia. White Marsh would be the Austin-based company's 28th facility.

June 24, 2015

Breakfast will soon be served to more than 2,500 employees at the new National Cancer Institute Headquarters and Johns Hopkins University Montgomery County Campus.

 

On the other side of Key West Avenue, 1,650 square feet is being leased by Dunkin' Donuts. The ground floor retail space is the part of the first phase of the new Mallory Square apartments.

 

September 28, 2011

The lowest unemployment rate in the area was in the Bethesda-Rockville-Frederick metropolitan division.

The U.S. Bureau of Labor Statistics released unemployment rate figures for metropolitan areas and divisions today with 262 out of 372 metropolitan areas showing improvement. 26 metropolitan areas showed virtually no change in the jobless rate including the Washington, D.C. metro area.

The D.C. area unemployment rate was flat at 6.1% in August 2011, and was the same figure reported for August 2010 as well as July 2011.

September 26, 2011

McLean-based Science Applications International Corporation (SAIC) (NYSE: SAI) won a contract from the Department of Health and Human Services (HHS) to provide services to the Health Resources and Services Administration (HRSA) Data Warehouse (HDW).

The Health Data Warehouse is a depository official to the HRSA including health related information, statistical data, and HRSA activities.

SAIC will provide services including maintenance, enhancements and overall operations support.

September 13, 2011

A long-anticipated grocery store will open at the Rockville Town Square in spring 2012.

After several attempts to lure such an anchor to the mixed-use development, Rockville-based Federal Realty Investment Trust (NYSE: FRT) announced yesterday that Ellwood Thompson's has finalized its lease for a grocery store with organic offerings.

June 20, 2011

Two Cranes have risen at the site of a new mixed-use development in Northern Rockville.

Two Cranes have risen at the site of a new mixed-use development in Northern Rockville.

The Gables Upper Rock is the next phase in the Upper Rock master planned community.   

A joint venture between USAA Real Estate Company and Gables Residential, the two have teamed up to complete the Class A multi-family apartment project which will consist of 281 units in eight stories. Of those units, six will be live and work spaces.