Maryland
Federal Realty Buys Maryland Retail Plaza for $187M
One of the nation’s oldest real estate investment trusts has acquired an open-air retail plaza in eastern Maryland, the latest firm to snag a substantial property amid the retail’s resurgence.
North Bethesda, Md.-based Federal Realty Investment Trust, founded in 1962, has paid $187 million for the retail portion of the mixed-use Annapolis Town Center, a 480,000-square-foot shopping center in Annapolis. PGIM Real Estate sold the complex, which is anchored by Whole Foods alongside fellow tenants such as Anthropologie, Sephora, Restoration Hardware, and Williams Sonoma.
“This is exactly the kind of opportunity we target: a dominant asset with strong fundamentals, competitive positioning, and the potential to unlock further value under our ownership,” Don Wood, Federal Realty president and CEO, said in a statement.
Federal Realty’s new property is just a portion of the 2 million-square-foot Annapolis Town Center, developed in 2008 at 1906 Towne Centre Boulevard by Greenberg Gibbons. PGIM acquired the mixed-use complex in 2018, though earlier this year it opted to sell the property’s multifamily component — two buildings totaling more than 400 units — to Peterson Companies for $160 million.
Federal Realty joins other investment firms acquiring Maryland malls in the past 12 months, though under widely varying circumstances.
In November, Spinoso Real Estate Group paid $190 million for the 1.2 million-square-foot White Marsh Mall near Baltimore. Spinoso had been the mall’s court-appointed receiver for about a year at the time, owing to financial distress from former owner Brookfield.
European mall giant Unibail-Rodamco-Westfield (URW) meanwhile has faced its own distress with Westfield Wheaton, a 1.7 million-square-foot plaza on the northern outskirts of Washington, D.C. The mall was transferred to special servicing in April after URW failed to meet its March debt maturity, and the company has reportedly opted to sell following a meager $166 million appraisal in August, Bisnow reported at the time.
Nick Trombola can be reached at ntrombola@commercialobserver.com.
Maryland
Temperatures Near 100 Degrees Couldn’t Stop This Southern Maryland HYROX Team – The BayNet
LEONARDTOWN, Md. — The heat was relentless. With temperatures pushing toward 100 degrees, athletes from Southern Maryland’s HYROX community spent the weekend battling more than sleds, burpees and miles of running. They were battling conditions that forced them to rethink goals, adjust expectations and lean on one another in ways that no training session could fully prepare them for.
And when it was over, coach Gretchen Thomas wasn’t talking about race times. She was talking about people.
“What I’m most proud of is how much the team grows and supports one another,” Thomas told The BayNet.


In a sport built around individual effort, the Southern Maryland team found strength in something bigger than competition. One moment that stood out came when athlete Caitlin Lomazzo completed a doubles race before rushing to join her relay team, arriving just in time to jump directly into the burpee station.
For Thomas, the moment wasn’t memorable because of the physical effort involved. It was memorable because it represented the mindset the team has worked to build. A willingness to keep going. A willingness to show up for one another. A willingness to adapt when things don’t go according to plan.
And plenty didn’t go according to plan. The heat forced athletes and coaches to abandon parts of their original race strategy. Water breaks became a necessity. Pacing changed. Expectations shifted. The goal stopped being perfect. The goal became taking care of each other.
“It was so hot,” Thomas said. “We knew we would need extra water breaks and we couldn’t outpace the heat.”
Instead of chasing personal records, the team focused on something more important. Getting everyone across the finish line safely.
“No one in medical. No heat stroke. No hospital,” Thomas said.


The experience reinforced a lesson that had little to do with fitness.
“A single moment cannot define you,” Thomas said. “It’s the whole ride we are on together, not a single point in time.”
For many athletes, that lesson may be the most valuable thing they brought home from the competition. Because HYROX, like life, rarely unfolds exactly as planned. There are setbacks. There are injuries. There are days when conditions are less than ideal.
Thomas knows that firsthand. After recently recovering from a major injury herself, she entered the event grateful simply for the opportunity to compete.
“I had two weeks coming off a major injury to ramp up, so I was just happy to be at the starting line,” she said.

As the Southern Maryland HYROX community continues to grow, Thomas hopes athletes remember one message above all else:
“Trust the process—the training, the grind, and deviating as life twists and turns. Life happens. Train for life.”
When the weekend ended, patches earned and finish times were recorded. The team came home with two podium flags. But the memories Thomas carried home had little to do with either.
“What a privilege to race,” she said. “What an honor to be there with my team.”



Related
Maryland
Emergency work underway on Potomac Interceptor in Maryland to protect drinking water – WTOP News
Crews began work Monday morning to rehabilitate a deteriorating 1,700 stretch of the regional Potomac Interceptor sewer line.
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DC Water to start emergency repairs on Potomac Interceptor to protect local drinking water supply
Crews began work Monday to rehabilitate a deteriorating 1,700-foot stretch of the regional Potomac Interceptor sewer line.
Last week, D.C. Water announced that inspections determined a portion of the Interceptor, located near Lock 22 on the C&O Canal, in Potomac, Maryland, was significantly corroded and had exposed and missing rebar inside the pipe.
Monday morning crews began laying what will be temporary overground bypass system to carry the Interceptor’s wastewater around the work site, while the compromised pipe is being replaced. A spill near the location of the emergency work could threaten much of the local drinking water supply.
The January 2026 collapse of the Interceptor along the Clara Barton Parkway, which spilled more than 240 million gallons of wastewater into the Potomac River, happened downstream of the drinking water intakes for all three local water suppliers — Washington Aqueduct, WSSC Water and Fairfax Water
However, if a spill occurred near Lock 22, that would jeopardize the drinking water intakes for WSSC Water and Washington Aqueduct. Fairfax Water’s intake is farther up river, and would not be affected.
D.C. Water expects the emergency work to last through September.
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Maryland
Map: 2.4-Magnitude Earthquake Shakes Maryland
Note: Map shows the area with a shake intensity of 3 or greater, which U.S.G.S. defines as “weak,” though the earthquake may be felt outside the areas shown. The New York Times
A minor, 2.4-magnitude earthquake struck in Maryland on Monday, according to the United States Geological Survey.
The temblor happened at 11:02 a.m. Eastern about 5 miles northeast of Bel Air North, Md., data from the agency shows.
As seismologists review available data, they may revise the earthquake’s reported magnitude. Additional information collected about the earthquake may also prompt U.S.G.S. scientists to update the shake-severity map.
Sources: United States Geological Survey (epicenter, aftershocks, shake intensity); LandScan via Oak Ridge National Laboratory (population density) | Notes: Shaking categories are based on the Modified Mercalli Intensity scale. When aftershock data is available, the corresponding maps and charts include earthquakes within 100 miles and seven days of the initial quake. All times above are Eastern. Shake data is as of Monday, June 15 at 11:23 a.m. Eastern. Aftershocks data is as of Monday, June 15 at 12:17 p.m. Eastern.
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