Category: Real Estate

Discovery to Lay Off More Than 200 in Silver Spring Office

Photo of Discovery’s headquarters with the famous Chompy by Flickr user and ©GlynLowe.com, published under a Creative Commons license. Discovery Communications will lay off more than 200 workers in its downtown Silver Spring office, according to several reports citing a state workforce adjustment filing. First reported by the Washington Business Journal, the move will affect 212 workers, effective Oct. 1, as the company prepares to relocate its headquarters to New York City and sell the Silver Spring building. The sale was announced in January, and a July report in the Washington Business Journal, said locally based Foulger-Pratt Co. and...

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The Charmed Silver Spring Bungalow

Guest post and photos from Melinda Schnare. Photo above is prior to the renovation of the outside of the bungalow. Walking through my neighborhood in North Woodside, or when I’m out and about driving, it is often the bungalow’s charm that gives me pause, imagining what the inside looks like, admiring how nice the outside is. I asked my good neighbors what it is like to live in their 1920s Craftsman-style bungalow. They told me that when they found their bungalow that it was not very welcoming. The years had not been kind. Painted a dark rustic brown, weeds...

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Demand for Homes Exceeds Supply

Guest post and photo from Melinda Schnare You’ve probably been a part of a housing market conversation where you’ve heard “inventory is low.” Here are the numbers for the supply of homes and the demand (buyers looking for homes), compared to last year. Closed sales at the onset of summer (June) dipped below last year’s level by 6.9 percent. Active listings were far below last June’s active listing total of 2,760 (-9.5 percent). Half of the homes sold in June were on the market 11 days or less. Many homes that are moving quickly have kitchens and baths updated,...

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Home and that Sense of Belonging

Guest post and photo from Melinda Schnare I had a conversation the other day about the real estate market and home sales. It was told to me that buyers looking for homes are questioning affordability. I could not have disagreed more. I listen closely when I help guide buyers and what I hear now more than ever is that they want a home that will support and foster a healthy, meaningful lifestyle. Purchasing a home should be a thoughtful process. What I am I talking about is this: People are basing their decision to buy a home on how...

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United Therapeutics Purchases Cameron Street Building

The pharmaceutical company bought this building next to its new construction, seen in the background. Photo by Mike Diegel. United Therapeutics has purchased the building at 8808 Cameron St. in Silver Spring, next to its construction site at the corner of Cameron and Spring streets. The company currently has no specific plans for the building, according to Avi Halpert of UT’s corporate real estate department. “We always seem to have a need for swing space and new little groups that start up,” he said. “It might just be a little UT incubator until we have a real need, but...

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