Business Notes: Three Stores Close at Westfield Montgomery

Plus: Bethesda health tech company raises $20 million; Coldwell Banker moves downtown Bethesda office


Westfield Montgomery interior

via Westfield Montgomery on Facebook

Stores close at Westfield Montgomery and Pike & Rose

Three stores at Westfield Montgomery mall in Bethesda closed after the holiday shopping season, according to local retail blog Store Reporter:

  • Smart Toys, which sold children’s toys and doubled as a Halloween store during the fall;
  • The Limited, which sold women’s clothing; and
  • R. Riveter, a store that sold women’s handbags sewn by military spouses.

Also, the Pike & Rose children’s clothing store Yogaso announced on its Facebook page it would close the retail store in January and move its sales online. The business opened in December 2014 at Pike & Rose in North Bethesda. On Facebook, the retailer said closing the store will allow it “to meet our customers’ needs and provide the best customer experience.”

Aledade Inc. in Bethesda raises $20 million

Aledade received the funding from a group of investors that included The Maryland Venture Fund, Biomatics Capital Partners and GV, formerly known as Google Ventures.

The health care and technology company works to help doctors change their business models from getting paid per patient or procedure to “value-based health care models,” according to the Washington Business Journal.

The company said it plans to use the funds to expand partnerships with health providers. Aledade was founded in 2014 by Dr. Farzad Mostashari, a former leader at the federal Office of the National Coordinator for Health Information Technology.

Coldwell Banker moves Bethesda office ahead of Apex Building demolition

The real estate company moved its Bethesda office at the end of December from the building at 7272 Wisconsin Ave. to 4800 Montgomery Lane, suite 100, because the Apex Building is scheduled to be demolished to make way for a new mixed-use complex and Purple Line station. Coldwell Banker had been at the Apex Building for 24 years before the move.

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