Silver Spring school leaving, could become 75 homes

With most of their students coming from outside Montgomery, the Chelsea School will leave Downtown Silver Spring in 2012 and has sold their property on Pershing Drive to a local developer hoping to build up to 75 new townhomes there. The Chelsea School's five-acre campus in Downtown Silver Spring at Ellsworth Drive and Cedar Street. Image from Bing Maps. Representatives from the private, special-needs school met with neighbors at a meeting of the adjacent Seven Oaks-Evanswood Civic Association last week, according to minutes provided to us by the organization's secretary. The Chelsea School explained that all but one of their ninety students commutes from Prince George's County or the District of Columbia, whose school districts pay for their education there.

Just two years ago, the school launched a massive capital campaign to build a library designed by starchitect Daniel Libeskind, but the economic downturn has forced them to close entirely. Instead, they'll teach from within public schools closer to where their students live. As a result, the Chelsea School sold their five-acre campus near Pershing Drive and Cedar Street to Bethesda-based EYA. The developer's reputation for quality urban redevelopment projects in Silver Spring and throughout greater Washington was a factor in the school's decision to sell to them. SOURCE: Greater Greater Washington

Foreclosures up in county; tax credit nears deadline

The number of foreclosures rose in Frederick County in March, up 56 percent from February and up 82 percent from a year ago. The latest figures, 344 foreclosures in the county, come from RealtyTrac, a California-based firm that monitors foreclosures nationwide. The company said there were 445 foreclosures in Montgomery County in March, up 34 percent from February, and 212 foreclosures in Washington County, up 95 percent from February.

The reason for the increase is because of a combination of adjustable rate mortgages, signed in 2004, 2005 and 2006, now resetting to higher permanent interest rates, said Patrick F. McLister, a Frederick lawyer. Added to that is the loss of employment income or one or both spouses and tapped personal savings accounts, he said. McLister and his law office partner, Todd Salisbury, are legal counsel to the Frederick County Association of Realtors.

Carlton Boujai, treasurer of the Maryland Association of Realtors, said the continuing number of foreclosures is the major obstacle of a full recovery for the real estate industry. The lower price for most foreclosures has brought out buyers, though, Boujai said, especially in the $250,000 or less range. Boujai, an agent with Exit Realty Prosperity Group in Frederick and a former president of the local Realtors organization, said it has brought many "on-the-fence" buyers into the purchase of a home. The federal tax credit program, offering $8,000 for first-time buyers and $6,500 for other eligible buyers, has not been as large a factor in the market as expected, Boujai said. SOURCE: Frederick News-Post

Hopkins land worth tens of millions if Science City approved

Johns Hopkins University stands to make hundreds of millions of dollars if Montgomery County's leaders approve a huge biotech complex in Gaithersburg, an analysis shows. The university is sitting on 107 acres in the Gaithersburg-Rockville-North Potomac area known as Belward Farm. An assessment of the land reviewed by The Examiner found that the fully developed property could be worth up to $340 million if council members OK the Science City proposal.

That's not a bad return, considering that the university bought the land for $5 million in 1989. Hopkins spokeswoman Robin Ferrier said in an e-mail that the university hasn't looked at the land value "in depth ... as that is not our concern."

SOURCE: Washington Examiner

Montgomery County home sales

These sales data were provided by the Maryland State Department of Assessments and Taxation. To find sale and assessment records for homes elsewhere in the Washington area, visit http://www.washingtonpost.com/realestate.

Aspen Hill area

BAUER DR., 14113-H.W. and Donald M. Morton to Sara Hanne and David E. England, $400,000.

EADES ST., 4704-Laura H. McNeely to Maria Cristina and Witold Golab, $250,000.

FRANKFORT DR., 4211-Jalaika and Basam Hasan to Moon Yew Lee, $290,000.

JASMINE DR., 4924-H.M. and Luciano P. Montanaro to Nancy Mayer Whittington and Bryan Whittington, $603,000.

MELINDA CT., 4932-F.P. and Robert D. Brown Jr. to Delphine Crevola and Edouard Al Dahdah, $480,000.

Bethesda area

ARIZONA CIR., 10223, No. 47-Mary Alice C. Silverman to Yeonjung and Ki Yong Kim, $460,000.

BATTERY LANE, 4970, No. 108-Wendy Jan Zweig Schwartz, trustee, to Nataly Schwartz, $230,000.

BELHAVEN RD., 9825-Pourandokht M. Knight, trustee, to Ignacio J. Alvarez, $540,000.

DAVENPORT TERR., 6111-Marjorie R. Nohowel to Karin G. and William F. Weber, $1.11 million.

EXETER RD., 7612-Exeter Land Trust Corp. to Ronald D. Kaplan, $1.42 million.

HIGHLAND AVE., 4405-Paul De La Croix to Maria Gabriela Gonzalez, trustee, $1.47 million.

MASSACHUSETTS AVE., 6206-Scott J. Luka to Sue A. Marcum, $625,000.

MAYFIELD DR., 10011-Bronagh M. Murphy to Dayananda Ka and Anoma Kulathunga, $439,000.

MONTROSE AVE., 10613-N. and Leopoldo Villar to Miyesser Gul Gokpinar, $300,000.

OLDCHESTER RD., 7730-Mahmood P. Pashazadeh Monajemi to Vena Annisa Dilianasari, $769,000.

OSCEOLA RD., 5902-Masayoshi Takahashi to Zhiquan Dong and Yabo Mao, $773,000.

POLLARD RD., 5507-M.E. and George B. Hotchkiss Jr. to Kimberly Sharp and Chad Bishop, $900,000.

RIVER QUARRY PL., 8224-River Quarry Inc. to Gail K. and Gary Kushner, $650,000.

STILL SPRING CT., 8300-Deborah R. Croft to Stephanie Kayden, $750,000.

SWANSONG WAY, 7217-M.R. and Kambiz Majidi to Sam Majidi, $400,000.

TOWN GATE PL., 7807-Leslie S. and Peter W. Estelle to Liya A. and Ronald S. Coopersmith, $1.03 million.

WELBORN DR., 6200-John L. Call Family Corp. to Katherine L. and Patrick M. O'Connor, $829,000.

WESTWOOD DR., 5209-J.A. and George S. Harris to Todd M. Weiss, $1.29 million.

WHITLEY PARK TERR., 5450, No. 509-E.B. and Joshua S. Rosen to Chana Fuchs, $440,000.

Boyds area

OLD BALTIMORE RD. W., 14901-Anne Koehler to Beth Reed and Joseph A. Johnson, $510,000.

Brookeville area

HERITAGE HILLS DR., 19028-S.K. and Guillermo A. Oliva to Rixie L. Scott, $400,000.

Burtonsville area

DUNWOOD TERR., 4241-Theresa and Michael Trigiani to Lemlem K. Yeterawork and Chanie B. Negash, $270,000.

SILVER SPRUCE CIR., 3631-James M. Castonguay to Raquel T. Eligado, $275,000.

Calverton- Colesville area

BETTY LANE, 13206-S.D. and Fred L. Lutes II to Kimberly A. and James S. Fortney, $449,000.

CASTLELEIGH RD., 3008-Erasmo D. Lemus Tejada to Idahor P. Ogba, $365,000.

CRESTLINE RD., 1506-Ana Cruz to Tung Vu, $315,000.

MONTCLAIR DR., 12701-Ann M. and Shane E. West to Jessica and Aaron Kelley, $375,000.

MUSICMASTER DR., 13288, No. 280-Jacqueline D. Wilson to Roberta L. Boyd, $205,000.

OLIVE BRANCH CT., 13108-Daniell D. Harris to Tajinder K. Singh, $433,000.

RABBIT RUN TERR., 11506-Almaz Goshu to Emilia O. and Francis C. Okoye, $360,000.

TRACY DR., 1026-Xinge Wang to Lola and Scott C. Lastrapes, $406,895.

Chevy Chase area

ALDEN LANE, 4-Eleanor T. and Donald E. Clark to Eleanor F. and Matthew A. Nader, $815,000.

CONNECTICUT AVE., 8101C-George J. and J.M. Meiburger to Melinda R. and Timothy A. Schilling, $570,000.

FAIRFAX RD., 6689, No. 81-Margaret H. Henoch to Mary and Michael Cuff, $540,500.

OAKRIDGE LANE, 4200-Rachid and G. Sijelmassi to Jeffrey B. Bingenheimer and Catherine M. O'Connor, $920,000.

WALNUT HILL RD., 8802-Francisco Xavier Valencia to Andrea O. and Robert K. Magovern, $650,000.

Clarksburg area

ARORA HILLS DR., 23112-Hovnanian Homes to Debra and Jeffrey Voiner, $554,267.

BENNETT CHASE DR., 23802-Miller & Smith Homes to Shawn M. Denman, $460,000.

CLARKSBURG SQUARE RD., 13137-Christopher and Heather N. Lorenzo to Julia and Meisam Izadjoo, $590,000.

GRAND ELM ST., 12738-Carol S. and William A. Tomeo to Thanh Du and Yudha Rustaman, $699,900.

ROBERTS TAVERN DR., 23226, No. 1348-US Home Corp. to Malina Heng and Eric Blanton, $343,990.

TURTLE ROCK TERR., 23013-NVR Inc. to Christopher L. and Lee S. Nicholson, $570,725.

WINGED ELM DR., 23047-Helen Sherman to Lesley and Kevin Pascoe, $420,000.

YELLOWWOOD DR., 23114-Beazer Homes Corp. to Bonnie Y. and Anthony Q. Tang, $484,622.

Cloverly-Ednor area

FARMCREST PL., 14501-Carla S. Gales to Windiarini and William L. Rodgers, $205,518.

TWIN RIDGE CT., 17304-Douglass S. and F.H. Abramson to Ann May Lee Travis and Eric J. Travis, $635,000.

Damascus area

JOHNSON DR., 26301-Nancy L. Hays to Christina Elias and Vinicius D. Lima, $325,000.

SHELLDRAKE CIR., 10083-Timothy L. Walley to Jeffrey O'Keefe Pike, $225,000.

Derwood area

BOWIE MILL RD., 17851-Samuel B. Perez to Massimo Vazzana, $250,000.

EPSILON DR., 7525-B.M. and Charles E. Towles to Karen M. Padilla and Rodrigo J. Alegria, $470,000.

KEYPORT TERR., 7706-Alden A. Dima to Gail N. and Christopher R. Valle, $385,000.

MILL CREEK DR., 18021-J.A. and C. Richard Maple to Yelena and Vladimir Salita, $470,000.

Four Corners area

BRANCH DR., 415-C. and Harry L. Sumner to Cynthia A. and Patrick B. Donnelly, $374,900.

CADDINGTON AVE., 1302-B.F. and Alexander W. Geyger to Carol F. and Stephen O. Omokehinde, $325,000.

COLESVILLE RD., 9511-Helen C. Barry to Monica L. and Jeremy D. Price, $543,750.

DENNIS CT., 1112-Jennifer A. Myers to Amina Braimi and Jorge Laure, $284,000.

KIMES ST., 8903-Rehanar Boodoo to Lisa M. Stechschulte, $310,000.

MERWOOD LANE, 9804-Marie Lacouture to Amber J. Mathur, $330,000.

RENFREW RD., 10033-B.L. and Amerigo R. Manzi to Timothy Gaul, $400,000.

SAYBROOK AVE., 9406-Neopito C. Pardo to Larrissa and John R. Strout, $300,000.

SLIGO CREEK PKWY., 9039, No. 705-Linda C. Albright Iverson to Walter I. Ray Jr., $155,000.

STOCKTON RD., 5-John M. Hatton to Rita Carreon and Jason M. Patnosh, $455,000.

Gaithersburg area

BRIARSTONE LANE, 17-Francisco R.C. Perales to Zhong Li, $220,000.

BRIGHTON DR., 5-Freddie Mac to Xiaofei Li and Jeremy Lee, $303,900.

BRISTOL DOWNS DR., 206-Denise C. Loutoo to Klaudia and Nathan Youell, $384,000.

DUVALL LANE, 100, No. 104-Jose F. Carranza to Meital R. and Joseph Mosli, $48,500.

EMORY WOODS CT., 122-Ann Namkung to Don Paul Kovarcik, $320,000.

GARDENIA WAY, 18344-A.K. and Michael W. Byrne to Pamela N. and Chad E. Peterson, $387,000.

HAZELCREST DR., 17700-Aaron P. Nocjar to Niharika Singh and Rakesh Kumar, $352,500.

HUMMINGBIRD TERR., 9229-Lynn G. and Peter A. Tozzi to Loriann Behm, $266,000.

KILDONAN DR., 19406-F. and Erick O. Casasola to Martha A. Lainez and Jorge E. Lainez Vallecillo, $244,000.

STREAMSIDE DR., 18328, No. 304-Alejandro Lara Jr. to Fabio C. Pinto, $121,000.

TULIP DR., 111-Shannon E. Gnall to Tracey Ann Bodo Slotta and Douglas James Slotta, $290,000.

Germantown area

COUNTRY RIDGE DR., 13269-Residential Value Corp. to Jennifer and Daniel G. Walter, $250,000.

CROSSTIE DR., 13813-Household Finance Corp. to Roshni J. and Jignesh B. Patel, $232,000.

LITTLE STAR LANE, 18607-Changyu Chae to Annet Banura, $349,888.

METZ DR., 18125-Bruce N. Curtis to Hui Feng Pan, $225,000.

NOBLE OAK DR., 19010-Pak Y. and Yik F. Lau to Jose A. Menendez, $520,000.

PINEY POINT PL., 18929-Jessica K. and William E. Martin to Angineh Babakhani, $193,000.

QUAIL WOODS DR., 12300-Catrina M. Posley to Nicole and Se Jin Park, $225,000.

ROCKINGHAM RD., 13808-Cheoleon Lee to Emanuel Assurian, $550,000.

ROSEBAY CT., 12, No. 406-Brad Suchy to Margaret Snowel, $344,000.

WATERLOO CT., 19928-Michael D. Ewing to Susan Chirchir, $250,000.

WATERSIDE DR., 20226-Linda M. Rubenstein to Zhuang Ma, $270,000.

Kensington area

DEWEY RD., 11107-Randy L. Canubas to Diane and Daniel Adams, $327,000.

FARRAGUT AVE., 3407-Kenneth W. Baumann, trustee, to Judith R. and Matthew J. Jankowski, $780,000.

UNIVERSITY BLVD. W., 3333, No. 501-Mary J. Kamprad, trustee, to Kimberly M. O'Connor and Joseph J. O'Connor, $228,000.

Laytonsville area

SUNDOWN RD., 6620-Janet and Lawrence Dosik to Wanda Q. and Joseph L. Rogers, $640,000.

VISTA RIDGE RD., 25110-Katherine D. Constantinou to Jennifer C. and Robert C. Calabro, $775,000.

Montgomery Village area

BLUE TEE TERR., 10109-Elizabeth and Robert Burke to Desiree Swain, $200,000.

FOREST VIEW PL., 9906-Donald K. Sassaman to Maria Del Pilar Delgado, $137,000.

FOUNTAIN VALLEY DR., 8509-Paul M. and Valentina Grossman to Naomi B. and Kurt A. Shenk, $335,000.

SAILFISH TERR., 9817-Benton L. Markowitz to Jesse Myers and Catherine Convey, $165,000.

TINDAL SPRINGS DR., 8531-Patricia Vogt to Courtney H. and Mauro Adiel Torres, $348,000.

Norbeck-Layhill area

BRAMBLEWOOD DR., 15430, No. 22B-Patricia S. Nolan, trustee, to Helen W. and Donald M. Morton, $320,000.

CHESTERWOOD DR., 3844-Yazmin and Enrique Borroto to Danielle M. Medina, $164,900.

ENGLISH ORCHARD CT., 12645-V.M. and Stuart Strauss to Crystal T. Levy, $275,000.

INTERLACHEN DR., 15101, No. 121-Greta D. Pignone to Queen E. Hunter, $105,000.

LEESBOROUGH CIR., 11617-Centex Homes to Hitelia and Hernan Castellanos, $416,592.

LEISURE WORLD BLVD. N., 3200, No. 1011-Sue M. Wilson, trustee, to Rajinder S. Sekhon, $150,000.

LEISURE WORLD BLVD. N., 3310, No. 514-Janet C. Halperson to Joyce E. and Jack L. Sandler, $185,000.

MCVEARY CT., 2519, No. 9A-Jeffrey Paul Melia to Jamillah S. Russell, $209,900.

MENTONE RD., 11817-Olga L. and Oscar M. Flores to Delmy Recinos Gonzalez, $210,000.

PONDSIDE TERR., 2333-Rebecca A. and Mark Garfinkle to Aroon and Vanaja Padharia, $435,000.

SELFRIDGE RD., 12322-Residential Value Corp. to Sabrina J. and Bennie Robinson, $256,000.

North Potomac area

APPLE SEED LANE, 56-Neil Kram to Karem M. Carpio and Adolfo Carpio Escobar, $325,000.

ATHENS PL., 9661-101 Geneva Corp. to Phillip Selleh, $468,400.

BAYRIDGE TERR., 914-Robert J. Hinz to Bernadette M. Logose, $275,000.

BUCKSFIELD RD., 101-Lauren A. and Elan J. Sheintal to Liam P. Corballis, $385,000.

COUNTY CT., 15, No. 8-Lauren E. and Bradford M. Goodwin Jr. to Raihan Amin, $259,000.

FERNSHIRE RD., 11920-Evelyn Hansen to Sveylana Konovalova and Dmitriy Krepkiy, $350,000.

FLAGLER DR., 803-Mark T. Blizzard to Vijaya U. Mahamuni, $324,900.

GLACIER CT., 15810-William J. Tyson to Olga and Sergey L. Yefimov, $490,000.

GLEN RD., 12900-Burke & Herbert Bank, trustee, to Shauna and Thomas W. Arata Jr., $1.37 million.

KENDRICK PL., 114, No. 28-David S. Braithwaite, trustee, to Traci J. and R. Michael Smullen, $250,000.

Olney area

FAIR HILL RD., 4801-Pulte Homes Corp. to Diana D. and John F. Kyber, $827,254.

FOUNTAIN GROVE WAY, 18302-Cynthia A. and James S. Pappas to Christy and Brady Darrington, $554,000.

O'HARA CIR., 18014-Reynold Thrasybule to Patrick Corridon, $270,000.

ROLLING MEADOW WAY, 18232, No. 27-Connie Jo Rogers to Christine A. Mahoney, $245,000.

TOTHILL DR., 4813, No. 45-MHP Scattered Site Inc. to Shirley Clarke, $146,026.

Poolesville area

SPATES HILL RD., 17229-S. and Gregory Skenderis to Susanne and Thomas Porch, $548,500.

Potomac area

JEB STUART RD., 8116-E.C. and Gary A. MacDonald to Christopher L. Koefoed, $542,000.

LARKMEADE LANE, 10828-Barbara S. Friedman to Eric A. Pollack and Shannon R. Zlotnik, $1.18 million.

PAISLEY PL., 8116-Charles E. Vela to Halley F. Ascher, $795,000.

PINEY MEETINGHOUSE RD., 13103-D&M Corp. to Mahdieh and Mohammad Emam, $1.5 million.

SUNNYMEADE CT., 12-Roya Sadry to Dilshad Fakroddin and Kenneth R. Bromund, $564,000.

THRUSH LANE, 9417-Joseph Halow, trustee, to Melissa M. and Michael J. Halow, $870,000.

Rockville area

BOU AVE., 5750, No. 1911-Midtown Montrose Corp. to Mojdeh Pashai, $505,000.

BRAXFIELD CT., 12311, No. 432-Linda and Scott Zakszeski to Bartholomew J. Balderston, $139,800.

CARTER RD., 818-Edward L. Tiffey to Katherine O. and Robert L. Tiffey, $440,000.

FOREST LANDING CT., 27-Lin Zhang to Daorong Liu and Chenghong Wei, $365,000.

HARDWICKE PL., 14-J.E. and Jack L. Sandler to David Benish, $507,000.

INMAN PARK CIR., 5821, No. 902-Joel S. Harvey to Jaimee Dong, $250,465.

LYNN MANOR DR., 332-S.S. and Brian F. Hardwick to Olga A. Mandrugina and Charles A. Burge, $495,000.

MAGIC MOUNTAIN DR., 5701-Morton S. Gottlieb, trustee, to Ronit Jolles and Yariv Mazor, $815,000.

NELSON ST., 609-Joel J. Danshes to Aaron M. Faust and Rachel K. Alpert, $538,000.

OLD GEORGETOWN RD., 11800, No. 1415-Toll Brothers to Robert Papineau, $420,981.

PLANTATION LANE, 7118-M.L. and Stephen M. Smith to Andrew K. Swentzel, $665,000.

PLEASANT DR., 1014-Kim Q. Randall to Shila Mashadishafie and Shahram Amin Darolzarbi, $600,000.

POTOMAC CORNER LANE, 14808-Potomac Corner Corp. to Seukli Kim and Joseph S. Son, $640,000.

REDLAND BLVD., 303, No. 13R-Phillip Smith to Priyanthi Fernando, $325,000.

VANDERBILT CIR., 10001, No. 14-Mary M. Koppenhafer to Russell Rufkin, $305,000.

WICKSHIRE WAY, 10905, No. G2-Robert F. Papineau to David W. Parrish, $550,000.

WICKSHIRE WAY, 11014, No. A2-S.V. and James W. Johnson to Dorothy Unger, $520,000.

WILD OAK TERR., 1316-Jeffrey M. King to Samir Benachenhou, $620,000.

Seneca Park area

ALDBURG WAY, 11550-Doksha H. and Haresh A. Laheri to Chandria Jones, $221,000.

LITTLE FOX LANE, 11105-Jason M. Gordon to Prudential Relocation Inc., $280,000.

SHAKESPEARE DR., 20704-Thomas J. Nucci to Prudential Relocation Inc., $365,000.

Silver Spring area

GRUBB RD., 8333, No. G203-Muriel F. and Richard M. Owens to Christopher R. Owens, $265,000.

WASHINGTON AVE., 2200, No. W202-Brian C. Vandell to Mollie and John R. Davis, $266,750.

Takoma Park area

ALLEGHENY AVE., 6508-John N. Verdi to Joanne K. Dawson and Zachary T. Paquette, $290,000.

ASPEN AVE., 7410-Patterson B. Howell, trustee, to Lindsey T. and John J. Tessada, $475,000.

GARLAND AVE., 7307-Craig L. Dean to Anita and David M. Gibson, $680,000.

PARK AVE., 236-Kathy Lynne Brooks to Tara Lan and Chad Lee Blaise, $807,175.

Twinbrook area

ATLANTIC AVE., 13107-Jill L. Russ to Eric Calvo, $350,000.

BROADWOOD DR., 1512-Edward M. Clark to Chan Tha and New Nwe Win, $290,000.

DEAN DR., 317-Sidney B. Stephens III to Marlin W. Pierce, $326,500.

THORNDEN RD., 1220-Laverne L. Hill to Alexandra Vidas, $350,000.

Wheaton area

ARVIN ST., 2714-Brads Corp. to Nancy L. Lamon Kritikos and Michael N. Kritikos, $369,000.

DALEWOOD DR., 12012-Ema M. Nunez to Fasil Adane, $180,000.

GEORGIA AVE., 11611-Centex Homes to Stephanie Streat, $387,095.

HILLSBORO DR., 723-Maurine B. Yost, trustee, to Michael A. Thompson, $320,000.

LESTER ST., 10738-Raymond Pepper to Dana Rico, $295,000.

LINDELL ST., 2703-Carol J. Martin to Jose L. Quintero, $250,000.

OREBAUGH AVE., 11702-Maria E. and Emilio Montenegro to Caryn and Daniel Y. Moshinsky, $400,000.

SEAPORT WAY, 3331-Metasebia Gizaw to Christopher A. Crognale, $317,500.

BAE Systems will vacate Aspen Hill

The big story in Aspen Hill is that BAE Systems -- presently located at 4115 Aspen Hill Road (also known as 13900 Connecticut Avenue, it's on a huge corner lot) -- will be vacating the premises as of April 2010. Originally built as "Vitro Building #4" back in 1969 or so, this is 230,000 square feet of contiguous office space with LOTS of parking. While the rest of the former Vitro Labs properties here wre either torn down or converted -- with the former Building #1 and lot becoming Home Depot -- this one surviving building will be on the market. Vitro Labs was absorved into BAE Systems, but BAE Systems has now leased brand-new a highly secure office space in the booming Shady Grove office district.

Vitro Labs was once Montgomery County's largest civilian employer, providing jobs to over 5000 people in the mid-1980s, and the many stores in the commerical heart of Aspen Hill have relied for years on walk-in

customers on their lunch hour or doing after-work shopping on the way home. Once BAE vacates the building, unless a new long-term tenant is found, this leaves Aspen Hill as a low-wage suburban center without any real core of high-paying jobs in the neighborhood, if you exclude perhaps 30 office groups of mostly dental and optometry practices in the nerby small office buildings. See also http://www.aspenhillnet.net and the basiour listings of stores, shopping centers, nearby schools, etc. Locally developed and maintained by Thomas Harding.

SOURCE: Thomas Harding

BioMed Realty pays $14.4M for Maryland buildings

Property owner BioMed Realty Trust Inc. said Monday that it paid $14.4 million for two buildings in Montgomery County, Md. The buildings, totaling 82,400 square feet, are in Gaithersburg, Md., an area known for its high concentration of biotechnology and pharmaceutical companies. They are currently leased to AstraZeneca PLC subsidiary MedImmune Inc. and biopharmaceutical company GenVec Inc. The acquisition boosts BioMed's presence in Maryland to 1.2 million square feet. Shares of BioMed rose 29 cents to $15.74 in afternoon trading.

SOURCE: Business Week