Earnings & Deals: New retailers sign leases at Downtown Crown -- Gazette.Net


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Discovery Communications of Silver Spring reported that its profit last year grew to $1.08 billion from $945 million in 2012; revenues rose to $5.54 billion from $4.49 billion. Its fourth-quarter profit rose to $290 million from $224 million in the prior-year quarter; revenues grew to $1.54 billion from $1.20 billion.



Walker & Dunlop of Bethesda, a commercial real estate finance company that focuses on multifamily lending, reported that its profit last year rose to $41.5 million from $33.8 million in 2012; revenues grew to $319.0 million from $256.8 million. Its fourth-quarter profit dipped to $11.2 million from $11.5 million in the prior-year quarter; revenues fell to $85.5 million from $105.5 million.



Gaithersburg biotech GenVec reported that it achieved its third milestone in its collaboration with Novartis to develop treatments for hearing and balance disorders. Last month, Novartis filed a new drug application with the Food and Drug Administration for clinical development of the program’s lead candidate; the application was considered effective Feb. 7, triggering a $2 million milestone payment to GenVec. Under the companies’ agreement, GenVec could receive $213.6 million in upfront and milestone payments, plus sales royalties.



Five new tenants have signed leases for retail space at Downtown Crown, a mixed-use project in Gaithersburg that is about two-thirds leased.

Harris Teeter opened in January, following LA Fitness and Starbucks. The new retailers are mobile device accessory company Zagg, a Body by Blo hairstyling salon, &pizza restaurant, Crown Cleaners and a Wells Fargo bank branch.



Sheehy Auto Stores plans a job fair from 9 a.m. to 3 p.m. Feb. 20 at 901 N. Frederick Ave. in Gaithersburg. The dealership seeks to hire more than 10 salespeople and automotive technicians.



Rockville biotech MacroGenics plans to sell 2.5 million shares in a secondary public offering. The company raised about $80 million in an initial public offering last year.



Bethesda-based RLJ Lodging Trust agreed to purchase 10 hotels for about $313 million from Hyatt Hotels Corp. The properties are mostly on the West Coast.



Giant Food and Internet grocer Peapod have opened new pickup locations in Gaithersburg and Columbia. Customers can order groceries online and pick up groceries at the Giant stores on Bureau Drive in Gaithersburg and on Centre Park Drive in Columbia.



Apex Home Loans of Rockville is adding a new branch in Clarksville in Howard County. The branch will be managed by Bob Menton and Scott Segrist.