Category Archives: Business

Bethesda Real Estate Investing Meetups

Hi friends,

I have been asked by a few people to start a Bethesda Real Estate Investing meetup that is grounded in easy to understand systems and models. This is something I am happy to do but just wanted to get a sense from folks what other specific things are missing from existing seminar/ meet ups etc.

So! Please give me a call at (240)486-3921 or drop me an email to raj@rajabout.com with your thoughts.

1. Do you have strong feelings about format, timing, content, size etc. Now is the time to make your voice heard.

I want to make sure that this meetup/ seminar series is incredibly useful to attendees and that we can work together to build strong investment portfolios.

Cheers,

Raj

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Bethesda (as part of Washington, DC Metro area) Ranked 4th Best Place to Live

The Washington, DC Metro area (which of course includes Bethesda) was just ranked the 4th best place in the US to live by U.S. News and World Report. As a resident that probably feels about right – if we had a beach we would be number 1!

What is also worth considering is that we are also among the very top places in the country to invest in real estate.

So in combination – you can buy a property in a place where you should enjoy living and if you move, you will very likely have a good investment.

Take a look at the rest of the article (some useful bits in it including the important point that experiences [and I believe investment return] will be neighborhood dependent).

Happy to discuss real estate data, local markets etc. any time — email me at raj@rajabout.com or call (240)486-3921

Picture of the Day: Where in Bethesda is this high end feature?

Answers via email to raj@rajabout.com

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Marriott Downtown Bethesda Continued

Just a follow up to last weeks post – here are a few more details on the Marriott downtown Bethesda HQ move – taken from Marriott directly via this link. What do you think? Good move for the Bethesda Urban downtown area?

What will be built? When will it open?
The new $600 million Marriott headquarters envisions a state-of-the-art campus with an approximately 700,000-square-foot office building, a 230+ room Marriott hotel and a pedestrian plaza connecting the two buildings that will also be open as a public connection between Wisconsin and Woodmont avenues. Under current plans, the office building and hotel would open in 2022.


Tell me more about the hotel
It will be a flagship Marriott hotel with over 8,000 square-feet of flexible meeting and ballroom space for meetings, conferences, banquets and events. The hotel will also offer exceptional dining and social amenities including a ground-floor restaurant offering outdoor dining on the pedestrian plaza, a specialty coffee shop and a seasonal rooftop dining terrace.


How tall will the buildings be?
As currently envisioned, the office building is proposed for 22-stories. The hotel is proposed for 12 stories.

 

Bethesda Real Estate: Both Under Contract and Available

Hi folks,

Just wanted to share a little “insider” real estate process info with you. When you look at properties on a number of the public facing real estate portals, they will use words like “pending” to note when the property is “under contract.” Generally speaking, this information is fairly accurate and the property is, in fact, not available.

However, if you are working through a good real estate agent, they are sometimes able to uncover that rare property that is “under contract” and also “available.” Confused? Actually it is fairly straight forward and the mechanics can be explained in detail by a good real estate agent (I am also happy to discuss with you one on one).

The reason I wanted to raise this is that I was looking at available condo units in Bethesda for a client and the very best unit I found was one which fell into this grey zone. I am not sure if the client will buy the unit but it is a prospect that did not seem available.

So if you are looking at property in Bethesda or anywhere else, confirm that you too have a shot and finding properties in this “grey zone.”

As ever, I am happy to discuss this or any other real estate matter with you – my email raj@rajabout.com and cell (240)486-3921.

 

Cheers!

 

Marriott International Moving HQ to Downtown Bethesda

Marriott just announced they would be moving their HQ to Downtown Bethesda.  This will further transform the Bethesda Urban/ downtown area.

Take a look at the link and below (taken from Marriott International) for more information/ FAQ’s etc.:

 

Why was this site selected?
The selected location at 7750 Wisconsin Avenue is ideally situated just a short walk from Metro and adjacent to ample parking options. It is near the heart of the Bethesda Central Business District with abundant resources for dining, shopping and other services that will support Marriott, its guests and employees.

Bethesda Green Internship Fair

I just wanted to take a moment and plug the Bethesda Green internship fair appropriately called “Fields of Green” scheduled for February 9th – more details at Bethesda Green.

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Open Question: How will the Purple Line Change Bethesda

Recently I was discussing this issue with some friends and family and found that there was no real consensus on what the changes will be and whether they will be uniformly positive/ negative or somewhere in between. I thought it would be really interesting to get the thoughts of the community on this question.

Drop me an email at raj@rajabout.com with your feelings re: the Purple line and how it will change Bethesda – we will post a few of them here in the days ahead.

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Thoughts on the Future of Bethesda

I was walking around Bethesda with my family this week and we happened to stroll by a new construction project in old Bethesda. We got talking and came to a couple of conclusions:

1. On balance, the smart growth aspect of Bethesda’s plan does make sense – increasing density is a good thing in the age of climate change etc.

2. Bethesda needs to do much, much more to improve its environmental footprint. From green roof projects to adding in more pocket parks, there are things that can and should be done.

Now, some of that responsibility will be on the authorities – in particular at the county level. They need to demand more from developers – just look at DC as an example.

However, it is not only the role of government. Our civil society groups need to do more. Bethesda Green (who we have donated to over the years) needs to push the whole community to embrace a more powerful plan for smart and green growth.

And we the citizens need to do more, from signing up with the compost crew (a terrific bethesda organization) to adding permeable surfaces to our homes and driveways.

We can and must make Bethesda a better, greener place!

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Niche.com ranks Bethesda No. 89 Nationally

Congratulations to all of the people who make Bethesda their home. Niche.com ranked Bethesda No. 89 nationally in a very detailed study on the top 100 places to live across the country (see here for a searchable site).

Their methodology includes real estate (yay) and a whole lot more besides:

The 2016 Best Places to Live ranking provides a comprehensive assessment of the overall livability of an area at the place level. This grade takes into account several key factors of a location, including the quality of local schools, crime rates, housing trends, employment statistics, and access to amenities in an attempt to measure the overall quality of an area.

It is also important to point out that 11 neighborhoods in Montgomery County made the top 100 list. Congratulations to all their residents!

My day job, as regular readers know, is that of a real estate agent (licensed associate broker in MD and licensed agent DC and VA) and I am very happy to discuss these, and other local neighborhoods, with folks thinking about moving to our area. Feel free to give a call at 240 486 3921.

Cheers!