Workers installed the ATM machine outside of the future Citibank branch at 4760 Bethesda Avenue yesterday. The bank is filling the space that was vacated by Paul Bakery several years ago in the ground floor of the Flats at Bethesda Avenue apartments. Citibank is the new Chase and TD Bank, two other banking giants who made aggressive moves into Bethesda over the last decade. Their other new branch will be at 8101 Wisconsin Avenue, only a few blocks away from this one. Sound familiar?
By the way, did you know BlackRock now owns the Flats at Bethesda? They acquired it back in 2018. So the next time someone tells you it's only a conspiracy theory that BlackRock has been buying up a large percentage of housing across America, and are thereby helping to drive up prices...yep, they are just gaslighting you.
6 comments:
Why even write about BlackRock? Most commercial buildings are owned, in some way, by PE firms. Blackrock bought this years ago to put into one of it's funds. It's a nothing burger.
7:12: Writing about BlackRock is a good antidote to the fake news "fact checks" that claim BlackRock is not doing the very thing it's doing in the housing sector.
I miss the Bank of America ATM that was on Woodmont by the Fish Taco.
Apparently JP Morgan owns Element 28 as well. Robert, any chance you can do a deeper dive into seeing which buildings are owned by banking institutions - I am curious to understand the make up of who owns the buildings in Bethesda.
no fun bar or pub in sight or poolhalls smdh
99% are owned by banking institutions or PE firms. Do you think Joe Blow owns a 20 story property outright?
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