Entries by Andrew Goodman

Lord & Taylor closing in White Flint after company files for bankruptcy

BY DAN SCHERE Published: 2020-08-04 Lord & Taylor will close its doors in North Bethesda after spending the last five years on Rockville Pike by itself following the closure of White Flint Mall. The department store filed for chapter 11 bankruptcy on Sunday in U.S. Bankruptcy Court in the Eastern District of Virginia, according to a […]

School Notes: Board of Education to discuss plan for fall classes on Tuesday

BY CAITLYNN PEETZ Published: 2020-07-13 The Montgomery County Board of Education will meet on Tuesday and conduct a comprehensive review of preliminary plans for fall classes in Montgomery County Public Schools. The meeting will be held virtually and begin at noon. MCPS staff members are expected to present early ideas about whether students will return to […]

Short-term rentals approved for Bethesda development

By Caitlynn Peetz Published: 2020-06-18 17:00 The Montgomery County Planning Board on Thursday approved modifications to a downtown Bethesda building project to include up to 80 short-term rental units. In August 2018, Carr Properties began work on The Wilson and The Elm, which was expected to hold 480 apartments and office space. The two residential […]

Mike Tyson’s Former Bethesda Estate Asks $8.5M

By: Alessia Grunberger 5/27/2020 BETHESDA, MD — The Bethesda home once belonging to retired professional boxer Mike Tyson will soon hit the market for $8.5 million. Situated along the sixth hole of the Congressional Country Club’s golf course, the stunning 5.3-acre estate is owned by Tyson’s ex-wife Monica Turner. The couple married in 1997 — […]

Bill and Melinda Gates Purchase Southern California Mansion for $43 Million

By Annie Goldsmith 4.24.20 Now that they’ve bought the ultimate beach house, Bill and Melinda Gates are certainly ready for summer. The billionaire philanthropist couple purchased a jaw-dropping property in Del Mar, California, a beach town just outside of San Diego. The Microsoft cofounder and his wife paid $43 million for the home—surpassing San Diego […]

Lord & Taylor might file for bankruptcy

By Dan Schere Published: 2020-05-07 The department store chain Lord & Taylor might file for bankruptcy due to an economic downturn caused by the coronavirus pandemic, Reuters reported this week. Lord & Taylor has locations on the former White Flint Mall site in North Bethesda and at 5255 Western Ave. in the Friendship Heights neighborhood […]

Mortgages Deferred and Rent Frozen: DC Council Passes Supplemental COVID Response Bill

Published April 7, 2020 by Nena Perry-Brown Today, the DC Council unanimously voted to pass supplemental COVID response legislation that clarifies and expands the protections from an emergency bill passed three weeks ago. For the duration of the public health emergency, the COVID-19 Response Supplemental Emergency Amendment Act creates room for relief for both tenants and landlords. […]

Planning Board to pay $9.6 million for downtown Bethesda properties for new park

By Caitlynn Peetz Published: 3-26-2020 The Montgomery County Planning Board on Thursday agreed to purchase two downtown Bethesda properties to build a new “civic green” across the street from Veterans Park on Woodmont Avenue. The $9.6 million purchase encompasses two lots, 7800 Wisconsin Ave., the former longtime home of Union Hardware, and 7810 Wisconsin Ave., […]

The next financial crisis: A collapse of the mortgage system

By KATY O’DONNELL 03/27/2020 04:52 PM EDT The U.S. mortgage finance system could collapse if the Federal Reserve doesn’t step in with emergency loans to offset a coming wave of missed payments from borrowers crippled by the coronavirus pandemic. Congress did not include relief for the mortgage industry in its $2 trillion rescue package — […]