Derwood
REAL ESTATE
Seven Acre Property That’s Currently Home to Germantown Regal is Now Up For Sale
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.”
D.C. house-hunters hibernate this summer
Data: Redfin; Chart: Axios VisualsThe saying typically goes "when the fireworks go off, the sales go down" but that's not the case this busy season, DMV agent Russell Brazil tells Axios.Why it matters: DMV housing market activity dried up early this year, with mortgage rates primarily to blame.State of play: As of May, new listings were up 7.4% in the DMV, while pending home sales and closed sales were down 20% and 10.5% respectively, data show.Inventory stats are slightly misleading, Brazil says. There's a surplus of condos on the market, and very few single-family homes or townhouses.What they're saying: Sellers...
An interview with Kevin Porter: Building communities through innovative commercial real estate projects
Assistant Project Manager at Redgate shares His Insights on Mentorship and Community Engagement. Real estate organizations/affiliations: ULI Baltimore and ULI DC. What is your most notable project, deal, or transaction?. The City of College Park City Hall that Redgate developed in partnership with the City of College Park and the...
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