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Business

Saturday, March 2, 2013

WaPo: North Rockville Office, Apartment Rentals Lagging

Demand has failed to keep pace despite the addition of more than 600 apartments in North Rockville in 2012, The Washington Post reports.

Thursday, February 28, 2013

MD Dems Host Twitter Town Hall on Sequestration

Mandated federal budget cuts, if not averted, could impact the large federal presence in Maryland.

Maryland's congressional Democrats are taking to Twitter Thursday afternoon to talk about the coming sequestration cuts to federal budgets. The cuts, equally split between defense and non-defense spending, could have a large impact on Maryland if not averted. Civil employees could be furloughed a day per pay period, and the cuts would also impact work at military bases in Maryland, including at Fort Meade and Aberdeen Proving Ground. In Elkridge on Wednesday, Gov. Martin O'Malley said sequestration could cost 12,000 jobs in Maryland. The town hall from 4 to 5 p.m. Thursday will be held on the hashtag #AskMDDems and questions and answers will be posted on the delegation's own Twitter feed. We will be following the responses and updating …

Matthew

1:43 pm on Saturday, March 2, 2013

Sanchez...You are EXACTLY who I am speaking of when I talk about ignorant, pathetic low life Republicans! No wonder what I wrote struck a nerve with you! You washed up, miserable idiots are everything that is wrong with our country. You are just scared, uninformed, and bitter about how your life has turned out.NO SELF RESPECTING INTELLIGENT person would EVER be caught dead calling themselves a …   more ›

Sequestration: Maryland Leaders Call It a Long Word for Economic Pain

Are Gaithersburg-area federal workers and others worried about the threat of sequestration cuts?

The sequestration talks are taking place just a few miles away and if it occurs, its effects will be felt in the Gaithersburg area, the rest of the Greater Washington area and the state, local politicians say. Gov. Martin O’Malley, in an appearance in Howard County Wednesday, said that 12,000 jobs in Maryland could be lost due to sequestration. To put that number in perspective, the governor said approximately 30,000 jobs were created in the state last year. “All of the great work that each of you does here is threatened by the uncertainty of the dysfunction in the halls of our House of Representatives,” said O’Malley. If Congress can’t reach a compromise on the approximately $84 billion in automatic cuts before Friday, they will go into …

steve

12:39 am on Friday, March 1, 2013

Government cant manage a 2% reduction without crying about it and telling us all how the sky will fall and we are all doomed. Governement leaders are worthless. Businesses in the last four years have had to deal with 5-10-20-40-? % reducions in revenues and increases in expenses of tens of percent. Stop the crying and do some damn work. I will trade you a 2% reduction for the 12% expense …   more ›

Wednesday, February 27, 2013

Report: Many County Businesses That Receive Incentives Don't Stay

City's Economic Development Director: Gaithersburg is not having retention problems.

Montgomery County is struggling to retain businesses that receive economic incentives, The Washington Examiner?reported?Tuesday. Nearly 40 percent of businesses receiving those incentives have left Montgomery County or have closed, the report — requested by the Montgomery County Council and?compiled by the county's Office of Legislative Oversight — said. The report—available above—was briefly discussed by the County Council Tuesday and?is scheduled to be fully examined by the council's Planning, Housing and Economic Development Committee on March 7, according to The Washington Examiner. Despite the low retention rate, The Washington Examiner?highlighted the following statistics from the report: While the county struggles to keep its …

Tuesday, February 26, 2013

Gaithersburg Apartment Complex Sells For $31.3 Million

The Oakwood Gaithersburg apartment high rise, located in Washingtonian Center, was purchased by Bernstein Management Corp, The Washington Business Journal reported.

The Oakwood Gaithersburg apartment high rise, located at?9890 Washingtonian Boulevard, has been sold to Washington, DC-based Bernstein Management Corp. for $31.3 million, The Washington Business Journal?reports. The 136-unit, 11-story luxury high rise was built in 1989 and features 1- and 2-bedroom apartments, according to the report. The sale averages $230,147 per unit, according to the report. The complex was previously owned by Archstone. Read more on The Washington Business Journal.

Nathan

3:06 pm on Tuesday, February 26, 2013

I live at the Archstone Apt. complex in Olde Towne Gburg that was just opened last year and is still in the process of being completed. The company just sold that complex to their competitor. The sale will be finalized this week. Looks like Archstone is liquidating all of there assets.   more ›

Report: Horse Meat Found in Some Frozen IKEA Meatballs

Will you still eat the meatballs from IKEA? Tell us in comments.

? “Traces of horse meat” have been found in some of the frozen meatballs distributed by furniture giant IKEA, according to recent news reports. An IKEA spokesperson told USA Today that those meatballs were distributed to several countries in Europe and were taken off the shelves. Shipments of the meatballs to the United States were not affected, she told the paper. "Our global recommendation is to not recall or stop selling meatballs," said IKEA spokeswoman Ylva Magnusson, according to USA Today. IKEA has Maryland locations in Baltimore and College Park, according to its website. Sign up for the Gaithersburg Patch newsletter here and follow us on Facebook and Twitter for instant news updates and community conversations.

Monday, February 25, 2013

Top Maryland Headlines: New Anne Arundel County Executive, In Search of Mega Millionaire in Howard County, Baltimore County Councilmember Charged

Is development coming to your neighborhood? Find out what your politicians are up to. It's all here.

? By Patch Staff The most recent top headlines from 49 Patch sites across Maryland: Fort Meade Readies for Looming Sequester The Department of Defense could see spending cuts of more than 9 percent, leading to possible furloughs for civilian workers. Baltimore County Councilman Charged with DUI Baltimore County Councilman Todd Huff, a freshman Republican, was charged at 3 a.m. Saturday with driving under the influence of alcohol. Coroner: Woman Died of Abortion-Related Complications GERMANTOWN—An elementary school teacher from New York state died from abortion-related complications, a spokesman for the Office?of the Chief?Medical Examiner said. The full story is at?Germantown Patch. Dog Bill Takes Bite Out of Pit Bull Ruling SILVER SPRING—…

Saturday, February 23, 2013

Foodie News: DC Diners Trek to Montgomery—And Like It

Restaurants in Wheaton and Rockville get high marks from DC foodies, a Bethesda bar re-re-brands itself, cold weather shutters a popular Bethesda crepe stand and Bryan Voltaggio expands his empire in Chevy Chase.

Get caught up with the food scene in Montgomery County and adjacent Washington, DC, neighborhoods with 1 Meat, 3 Sides. This week, Montgomery County's growing recognition as a dining destination takes center plate. One meat: As we all know, DC's suburban food scene frequently outshines that of DC itself. But getting District-dwellers to dine out in the 'burbs is another story. Eater DC's special guide to dining in Wheaton?should help with that. Tim Ebner reported that: [Wheaton is] a neighborhood strewn together by small businesses, many serving cheap, authentic and simple food. Walk a few blocks and there's a plethora of pupusas,?dim sum, salteñas, ramen, gyros, cannolis, haggis, and sushi. Wheaton is a haven for the adventurous diner. …

Wednesday, February 20, 2013

Kentlands Business: 44 Sports Location Negotiating With Potential Tenant, Oculus Realty To Main Street

Oculus Realty opens in the Kentlands and the vacant 44 Sports Bar and Grill location could soon be filled, The Town Courier reports.

Former 44 Sports Location Under Negotiation For New Tenant A search near-eight month search for a tenant for the former 44 Sports Bar and Grill space in Kentlands Market Square could be coming to a close this month, The Town Courier reported. A representative from Beatty Companies told The Town Courier?that negotiations are underway with a potential tenant for the location, which has been vacant since the June 2012 closure of 44 Sports. Oculus Realty Moves Into Main Street Oculus Realty —?a real estate company specializing in investment advising and real estate asset managing — has opened at 333 Main Street, The Town Courier?reported. Owner David Meit, a Lakelands resident, said he had been looking for a new space for over a year when the …

JD

10:44 am on Thursday, February 21, 2013

I wonder if this new owner at the 44 location will provide terrible service, terrible food, dirty bathrooms, poor management and a strangely overpriced menu like the previous four owners! Sadly, they will, and they will be gone after a year. Lease too high + the false presumption that their clientele will spend $$ = prices too high = failure. A formula that has repeated itself in that location …   more ›

Tuesday, February 19, 2013

20 Local Businesses Make Second Round of InvestMaryland Challenge

Competition offers grants and services to life science and high tech companies.

Several companies across Montgomery and Prince George’s counties have made it to the second round of the InvestMaryland Challenge, a competition in which start-up companies can win a portion of $300,000 in grants and/or business services. Of the 250 companies that initially applied to the competition, 71 were selected to advance to the second round, with 20 in Montgomery and Prince George’s counties. In the second round, the entrants’ business plans will be reviewed and judged with semi-finalists announced Feb. 19, and the Governor’s Cup Award Ceremony on April 15. Prizes include such things as?mentorship programs, strategic consulting services, product development services, incubator space, accelerator programs and small business …

Joe Galvagna

7:48 am on Tuesday, February 19, 2013

And the winner is Obama yea right.   more ›

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