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July 16, 2012

GEICO, the large insurance company based in the Friendship Heights section of Chevy Chase, MD, once again, presented its case for an extension request in front of the Montgomery County Planning Board.

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.

March 2, 2012

After publishing our previous article on the preparedness of Maryland's Securities Division last week, we were finally contacted by the department and was able to get some answers about how the State was handling the upcoming rules change. We spoke with Melanie Senter Lubin, Securities Commissioner in the Securities Division at Maryland's Office of the Attorney General for our Q&A session.

February 3, 2012

Approximately 55 days left, before the March 30thdeadline for mid-size Investment Advisory firms to deregister with the SEC and register with their principal states.  In Part I, of our article, we spoke with the Associate Commissioner for Washington D.C’s Department of Insurance, Securities, and Banking (DISB).  

August 24, 2011

One of the largest and most profitable biotechnology companies in the Mid-Atlantic is trying to increase its revenue by developing an oral form of treatment for pulmonary arterial hypertension (PAH).

Silver Spring-based United Therapeutics Corporation (NASDAQ: UTHR) released its FREEDOM-C(2) Phase 3 clinical trial results today but the company announced that the study did not meet its primary endpoint.

July 21, 2011

The largest biotech in the Baltimore-Washington area measured by market value said Benlysta is gaining momentum in net sales

After more than a decade of research, development, and waiting more than a year for a delayed FDA approval, Human Genome Sciences, Inc (NASDAQ: HGSI) finally has a drug on the market that it can consistently sell to the healthcare industry.

The Rockville, Md biotechnology company reported Benlysta net sales of $7.8 Million. $1.2 Million in additional sales were excluded due to non-delivery to healthcare providers prior to the release of second quarter financial results.

Increasing Lupus Drug Sales

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.

February 17, 2015

Maryland Governor Larry Hogan stated during his first state of state address, that there is a mass exodus of tax payers, packing their bags and moving to other states. “Our economy is floundering, and too many Marylanders have been struggling just to get by,”… “We’ve had the largest mass exodus of taxpayers fleeing our state, of any state in our region and one of the worst in the nation.” said Governor Hogan.

February 16, 2015

Maryland Governor Larry Hogan stated during his first state of state address, that there is a mass exodus of tax payers, packing their bags and moving to other states. “Our economy is floundering, and too many Marylanders have been struggling just to get by,”… “We’ve had the largest mass exodus of taxpayers fleeing our state, of any state in our region and one of the worst in the nation.” said Governor Hogan.

April 20, 2012

McLean-based Capital One Financial Corporation (NYSE: COF) completed acquisition of ING direct propelled its earnings to $2.72 per diluted common share or $1.4 billion on revenues of $4.9 billion.

Excluding the impact of ING Direct, earnings would have been $809 million or $1.56 per diluted common share. Last year net income was $407 million or $0.88 cents per diluted common share in fourth quarter and earnings of $1.0 billion or $2.21 per diluted common share in the first quarter 2011.

December 28, 2011

Biotechnology company, Emergent BioSolutions (NYSE:EBS) announced today that Abbott Laboratories (NYSE: ABT) has terminated an agreement between the two companies to develop and commercialize its TRU-016 program. The program is expected to eventually lead to the therapeutic drugs for lymphocytic leukemia and non-Hodgkin’s lymphoma.

November 11, 2011

The existing gas station at 7100 Wisconsin Avenue is expected to be demolished by 2012's end

Washington Property Company is moving forward with plans to redevelop a gas station purchased by the company and turn it into mid-rise luxury apartments.

The 0.58 acre site located at 7100 Wisconsin Avenue is on the southern end of the Bethesda central business district (CBD), the site is highly visible from Bethesda's main thoroughfare and will add to several residential projects already under construction or close to breaking ground within Bethesda's CBD.

October 10, 2011

Purple Line enters Preliminary Engineering (PE) phase.

The controversial light-rail project that will connect Bethesda and New Carrollton via Silver Spring has received the go-ahead from the Federal Transit Administration (FTA) to enter the Preliminary Engineering (PE) phase.

The Maryland Transportation Administration (MTA) will move forward with detailed specifications and plans for the 21-station system. The 16.3-miles Purple Line is expected to have a total project cost of $1.9 billion. It would take about an hour to travel from Bethesda to New Carrolton via the system.