CRE News

The latest commercial real estate news and developments.

New Retail Development Underway in D.C. Suburb

New Retail Development Underway in D.C. Suburb

Matan Companies has commenced construction on a 10,175-square-foot strip center in Gaithersburg, bringing new retail inventory to the Washington D.C. metropolitan area. The one-acre development at 715 Progress Way marks the latest addition to Montgomery County's commercial landscape.

Staff Report
Carolina Commercial Breaks Ground on $18M Overhaul of Lumberton Retail Hub

Carolina Commercial Breaks Ground on $18M Overhaul of Lumberton Retail Hub

Carolina Commercial is injecting $18 million into a major renovation of the 250,000-square-foot Biggs Park Mall in Lumberton, signaling strong confidence in the southeastern North Carolina retail submarket. The ambitious redevelopment aims to reposition the shopping center to better attract modern tenants and adapt to evolving consumer habits.

Staff Report