Lakeforest Mall in Gaithersburg is under new ownership since the mall was sold to U.S. Bank during a foreclosure auction on Tuesday for $19.1 million, according to the Washington Business Journal. The previous owner, Five Mile Capital Partners, defaulted on its loan, according to Gaithersburg City Mayor Jud Ashman. There are no clear plans on … Continue reading Mayor Ashman on Lakeforest Mall: ‘I Hope to See Some Redevelopment’ (VIDEO)