Bethesda Dean & Deluca Opening Pushed to 2019

November 7, 2017Real Estate & Local News

The eagerly anticipated opening of gourmet food shop Dean & DeLuca in downtown Bethesda has been pushed back to 2019. Developer JBG Smith had originally planned for a fall 2017 debut, but progress on the store has been stalled by design changes. The project is located at 4749 Bethesda Avenue and is part of a … Read More

Montgomery County’s Top 10 Home Sales in October

November 1, 2017Real Estate & Local News

1 – 7503 Fairfax Rd, Bethesda, MD 20814 List Price: $5,250,000 Close Price: $5,000,000 2 – 9210 Fox Meadow Ln, Potomac, MD 20854 List Price: $4,000,000 Close Price: $4,000,000 3 – 8512 Country Club Dr, Bethesda, MD 20817 List Price: $3,795,000 Close Price: $3,450,000 4 – 7200 Crail Dr, Bethesda, MD, 20817 List Price: $3,699,000 … Read More

Bethesda Chef Serves Over 1 Million Meals in Puerto Rico

October 19, 2017Real Estate & Local News

Bethesda-based chef and restauranteur Jose Andrés and hundreds of volunteers serving his nonprofit, World Central Kitchen, have delivered over 1 million meals to Puerto Ricans impacted by Hurricane Maria. The island continues to recover from the devastating storm, which wiped out 80% of its agriculture industry as well as the entire power grid. Over 3.5 … Read More

New Report Finds Bethesda Has Highest Rents in Metro Area

October 16, 2017Real Estate & Local News

According to rental platform Zumper, which analyzed active listings in September across eight metro-area cities, Bethesda is the most expensive location to rent in, with one-bedroom units priced at a median of $2,270 per month. The median rent for a one-bedroom in D.C. was slightly lower, at $2,260 per month. In Arlington, one-bedrooms had a … Read More

Will D.C. Land the New Amazon Headquarters?

October 16, 2017Real Estate & Local News

Amazon’s announcement that it will build a second headquarters of up to 8 million square feet triggered a fierce bidding competition among several North American cities to win over the Internet retailer. The Washington Post reports today on the four neighborhoods that D.C. will propose as locations for the new headquarters (O’Connell 2017). Option #1: … Read More

Anthropologie to Replace Barnes & Noble at Bethesda Row

October 13, 2017Real Estate & Local News

Women’s retailer Anthropologie will take over the 37,000-square-foot Barnes & Noble space at Bethesda Row. The bookstore, which has been an anchor of downtown Bethesda since it opened in 1996, announced in March that it had failed to reach agreement on a lease extension with landlord Federal Realty Trust and would close at the end … Read More

Bethesda Real Estate Market Update – September 2017

October 10, 2017Real Estate & Local News

Detached Homes The median sale price for detached properties was $920,000 in September, representing a 1.1% increase from August and 4.7% decrease year-over-year (Source: MarketStats by ShowingTime). The average days on market for detached homes sold in Bethesda was 50 days, which is 18% lower than the 5-year September average. New contract activity decreased 8.1% … Read More

10 Most Expensive Montgomery County Home Sales – September

October 4, 2017Real Estate & Local News

1.     9490 River Road, Potomac, MD 20854 – Close Price: $3,350,000 2.     7004 Darby Road, Bethesda, MD 20817 – Close Price: $2,900,000 3.     5416 Falmouth Road, Bethesda, MD 20816 – Close Price: $2,850,000 4.     5111 Cape Cod Court, Bethesda, MD 20816 – Close Price: $2,100,000 5.     9720 Sorrel Avenue, Potomac, MD 20854 – Close Price: … Read More

Downtown Bethesda Office Acquisition

October 4, 2017Real Estate & Local News

Washington Business Journal reports today that The Donohoe Cos. And USAA Real Estate have teamed up to acquire 7101 Wisconsin Avenue, a Class A office building located in downtown Bethesda, for $105.7 million. The building’s features include a recently renovated façade, lobby, conference facility and common areas and an occupancy rate hovering around 97%. Donohoe … Read More