Business Notes: Three Restaurants Close at Westfield Montgomery
Plus: Bethesda bank purchased for $3.4 billion; two local Realtors make '30 under 30' list
The Lobster ME location in the dining terrace at Westfield Montgomery mall
Three fast-casual restaurants close at Westfield Montgomery
Blaze Pizza, Lobster ME and Jamaican Mi Crazy all closed their Westfield Montgomery Mall locations over the weekend, according to local retail blog Store Reporter. Lobster ME, part of a Las Vegas-based chain, opened on the mall’s dining terrace in 2014, while Blaze Pizza, which opened the same year and is part of a national chain, was located on the mall’s lower level. Jamaican Mi Crazy was started by former food truck operator Naya Radway and did not last for more than a year in its dining terrace location.
Bethesda bank purchased for $3.4 billion
New York finance company Ares Capital announced Monday it completed a cash-and-stock deal valued at $3.4 billion to acquire Bethesda-based bank American Capital. Ares said in a press release it was acquiring the company to grow its direct lending programs, particularly to middle market borrowers. American Capital shareholders will receive about $17.40 per share in cash and stock, according to the terms of the deal—an 11 percent increase over American Capital’s closing price May 20. American Capital will hold onto its mortgage management company as part of the deal.
Two Montgomery County Realtors named to ‘30 under 30’ by Realtor Magazine
Local Realtors Jessica Evans of Real Living at Home and Brittany Barsky Allison of Wydler Brothers Real Estate were named to Realtor Magazine’s list of the 30 under 30 Class of 2016. Evans, who sold real estate valued at $19.3 million in 2015, told the magazine her specialty is assisting single women who are looking to buy their first condo in the D.C. area. Allison said she uses a personal approach—inviting clients over for dinner and to social events—which helped her close $14.1 million in sales in 2015. The magazine chose the group of 30 from an applicant pool of 400 young professionals.