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Capital Business Blog: January, 2012

Posted at 10:33 AM ET, 01/31/2012

Peebles Corp. won’t bid on Stevens Elementary

The real estate magnate has long coveted Stevens Elementary, a historic building in the West End.

By Jonathan O'Connell  |  10:33 AM ET, 01/31/2012 |  Permalink  |  Comments ( 0)
Tags:  Don Peebles, Adrian Fenty, Vincent Gray, Stevens Elementary

Posted at 06:36 PM ET, 01/30/2012

Drop in business travel threatens owner of Washington Ritz-Carltons

The owners of four hotels are at-risk of defaulting on a $170.6 million loan, according Morningstar.

By Jonathan O'Connell  |  06:36 PM ET, 01/30/2012 |  Permalink  |  Comments ( 0)
Tags:  Ritz-Carlton, commercial real estate, Georgetown

Posted at 11:53 AM ET, 01/26/2012

Rockville-based Micromet agrees to $1.16 billion buyout

The biopharmaceutical firm that creates antibody-based cancer treatments is to be bought by Amgen.

By Steven Overly  |  11:53 AM ET, 01/26/2012 |  Permalink  |  Comments ( 0)

Posted at 01:49 PM ET, 01/25/2012

Microsoft, District alliance plans to bring more technology to residents, businesses

D.C. announced a “strategic digital alliance” with Microsoft that includes technical training for city residents.

By Steven Overly  |  01:49 PM ET, 01/25/2012 |  Permalink  |  Comments ( 0)

Posted at 06:37 PM ET, 01/20/2012

Many lobbying firms saw dropoff in revenue in 2011

Six of the region’s 10 most lucrative lobbying firms saw year-over-year declines in lobbying revenue.

By Catherine Ho  |  06:37 PM ET, 01/20/2012 |  Permalink  |  Comments ( 0)

Posted at 10:45 AM ET, 01/20/2012

Booz Allen to reduce size of partner corps, senior staff

The McLean-based contracting giant is trimming its workforce, bowing to the pressure of reduced government spending.

By Marjorie Censer  |  10:45 AM ET, 01/20/2012 |  Permalink  |  Comments ( 0)

Posted at 11:02 AM ET, 01/18/2012

Artomatic heads to Crystal City

This year’s local arts event will be held at the Transwestern Presidential Tower.

By Abha Bhattarai  |  11:02 AM ET, 01/18/2012 |  Permalink  |  Comments ( 0)

Posted at 05:49 PM ET, 01/15/2012

By Catherine Ho  |  05:49 PM ET, 01/15/2012 |  Permalink  |  Comments ( 0)

Posted at 07:00 AM ET, 01/13/2012

What’s going on with...Uline Arena?

Our new weekly feature looks into what’s going on with the property in Southeast Washington.

By Jonathan O’Connell  |  07:00 AM ET, 01/13/2012 |  Permalink  |  Comments ( 0)

Posted at 07:26 PM ET, 01/12/2012

Construction to begin on 433 apartments near Nationals Park

D.C. developer William C. Smith & Co. says it will begin construction this spring on Park Chelsea.

By Jonathan O'Connell  |  07:26 PM ET, 01/12/2012 |  Permalink  |  Comments ( 0)

Posted at 06:17 PM ET, 01/12/2012

City grant lures accelerator for startups to the District will open the doors to an accelerator thanks to a $100,000 grant from the mayor’s office.

By Steven Overly  |  06:17 PM ET, 01/12/2012 |  Permalink  |  Comments ( 0)

Posted at 01:36 PM ET, 01/12/2012

Food Lion’s owner closing 126 stores, retiring Bloom banner

Delhaize America said it will close six area Bloom supermarkets and Bottom Dollar Food in Alexandria.

By Danielle Douglas  |  01:36 PM ET, 01/12/2012 |  Permalink  |  Comments ( 0)

Posted at 12:01 AM ET, 01/12/2012

Add it up: Development along Metro’s Green Line might surprise, property owners say

By Jonathan O'Connell  |  12:01 AM ET, 01/12/2012 |  Permalink  |  Comments ( 0)

Posted at 12:21 PM ET, 01/10/2012

FUR Nightclub sold to developer Skanska

The developer plans to replace the NoMa club with an apartment building with 300-plus units.

By Jonathan O'Connell  |  12:21 PM ET, 01/10/2012 |  Permalink  |  Comments ( 0)

Posted at 09:46 AM ET, 01/10/2012

Nike to replace Barnes & Noble in Georgetown

Nike is wrapping up negotiations on a deal to open its first D.C. store at 3040 M St. NW, Vornado confirms.

By Jonathan O'Connell  |  09:46 AM ET, 01/10/2012 |  Permalink  |  Comments ( 0)

Posted at 06:09 PM ET, 01/09/2012

Rockville developer buys Montrose Crossing

Federal Realty announced Monday that it purchased a 90% stake in the White Flint shopping center.

By Jonathan O'Connell  |  06:09 PM ET, 01/09/2012 |  Permalink  |  Comments ( 0)

Posted at 12:41 PM ET, 01/05/2012

YO Sushi!, Walgreens, Panera Bread coming to busy Chinatown corner

Exclusive | One of the most visible strips of vacant storefronts in D.C. won’t be vacant much longer.

By Jonathan O'Connell  |  12:41 PM ET, 01/05/2012 |  Permalink  |  Comments ( 0)

Posted at 04:58 PM ET, 01/04/2012

Bloomingdale’s in White Flint Mall and Macy’s in Laurel Mall to close this spring

Macy’s Inc. says it will close the Bloomingdale’s in White Flint Mall and the Macy’s in Laurel Mall.

By Jonathan O'Connell  |  04:58 PM ET, 01/04/2012 |  Permalink  |  Comments ( 0)

Posted at 03:57 PM ET, 01/04/2012

Penn Camera files for bankruptcy

The Beltsville retailer, which has eight locations in the area, filed for Chapter 11 bankruptcy protection, citing a dramatic drop in sales.

By Danielle Douglas  |  03:57 PM ET, 01/04/2012 |  Permalink  |  Comments ( 0)

Posted at 05:07 PM ET, 01/03/2012

Lease will relocate State Department employees to World Bank building

Department plans to consolidate employees from five locations into a building on 19th Street NW.

By Jonathan O'Connell  |  05:07 PM ET, 01/03/2012 |  Permalink  |  Comments ( 0)


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