Business Spotlight

Saul Centers President B.F. Saul III Steps Down

Saul plans to start Bethesda-based real estate firm, Capital Business reports.

B.F. Saul III, the president of real estate firm Saul Centers, has resigned from the Bethesda-based company, The Washington Post’s Capital Business blog reports. Saul, 50, plans to launch his own real estate firm in Bethesda, according to Capital Business. “I have been thinking about this over the years,” Saul, who has been with the company for 23 years, told Capital Business. “I am going to acquire and develop commercial properties.” The Sauls are a well-known name in the Washington area real estate industry, and members of the family have headed up companies including commercial real estate firm B.F. Saul and Chevy Chase Trust. Saul’s father, B. Francis Saul II, is chairman and chief executive of Saul Centers, Capital Business reports. …

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Andrew Saul Plans to Build First Electric Vehicle in Maryland

Son of Chevy Chase Bank founder has ambitious project on the drawing boards.

Andrew Saul is making solid progress toward his goal of building the first electric vehicle in Maryland. The son of B.F. Saul II, a well-known real estate developer and the founder of Chevy Chase Bank (now owned by Capital One), he’s started Genovation Cars Inc. and is proceeding steadily toward what is, unquestionably, an uphill battle to hit pay dirt in the already-crowded market to manufacture electric vehicles. But, if he’s successful in raising $125 million in capital and production actually starts, the Rockville company could create 125 new manufacturing jobs right off the bat. “Here in Maryland we have a very affluent and aware population that knows we have to get off gasoline and get busy cleaning the air,” Saul said late last …

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