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Capital Business Blog: May, 2012

Posted at 11:42 AM ET, 05/31/2012

FBR considers whether to sell its asset management business

The Arlington-based investment bank is working with an outside adviser, according to an SEC filing.

By Danielle Douglas  |  11:42 AM ET, 05/31/2012 |  Permalink  |  Comments ( 0)

Posted at 02:35 PM ET, 05/30/2012

Local protest, parade to coincide with Wal-Mart annual meeting

Opponents of the chain are trying to bring attention to the company’s alleged bribery of Mexican officials.

By Jonathan O'Connell  |  02:35 PM ET, 05/30/2012 |  Permalink  |  Comments ( 0)
Tags:  Wal-Mart, protest

Posted at 11:07 AM ET, 05/29/2012

Human Genome Sciences shareholders file lawsuit against firm for poison pill

The lawsuit asserts that the company’s board did not uphold its responsibilities when it rejected a $2.6B proposal last month.

By Steven Overly  |  11:07 AM ET, 05/29/2012 |  Permalink  |  Comments ( 0)

Posted at 10:35 AM ET, 05/29/2012

Brutalist church redevelopment heads back to drawing board

Developers are battling with the city over how large a building they can construct at 16th and I streets.

By Jonathan O’Connell  |  10:35 AM ET, 05/29/2012 |  Permalink  |  Comments ( 0)
Tags:  Third Church of Christ, Scientist, JBG, ICG, Robert A.M. Stern, historic preservation

Posted at 04:33 PM ET, 05/23/2012

City preps for food pavilion at St. Elizabeths with farmer’s market

An open-air farmer’s market will debut this summer on the east campus of the hospital.

By Danielle Douglas  |  04:33 PM ET, 05/23/2012 |  Permalink  |  Comments ( 0)

Posted at 02:59 PM ET, 05/23/2012

California teachers fund buys Lcor

The California State Teachers’ Retirement System has bought Lehman Brothers’ majority stake.

By Jonathan O'Connell  |  02:59 PM ET, 05/23/2012 |  Permalink  |  Comments ( 0)
Tags:  Commercial real estate, LCOR, Calstrs

Posted at 11:57 AM ET, 05/23/2012

Brickman Group hires new chief executive

The Gaithersburg-based landscaping giant has appointed Andrew Kerin as chief executive officer.

By Thomas Heath  |  11:57 AM ET, 05/23/2012 |  Permalink  |  Comments ( 0)

Posted at 05:38 PM ET, 05/22/2012

Regal movie theater coming to Dulles Town Center

A new 10-screen, 2,000-seat theater will open next year as part of Dulles Town Center.

By Jonathan O'Connell  |  05:38 PM ET, 05/22/2012 |  Permalink  |  Comments ( 0)
Tags:  Movie theaters, Dulles Town Center, Lerner Enterprises

Posted at 03:30 PM ET, 05/22/2012

Rockville-based Edgar Online scooped up for $70.5M

Chicago-based RR Donnelley says it will acquire the Rockville software company. The deal is expected to close in the third quarter.

By Steven Overly  |  03:30 PM ET, 05/22/2012 |  Permalink  |  Comments ( 0)

Posted at 09:29 PM ET, 05/21/2012

CityCenter DC to get specialty food market

Plans are starting to shape up for the specialty food market slated for CityCenter DC.

By Danielle Douglas  |  09:29 PM ET, 05/21/2012 |  Permalink  |  Comments ( 0)

Posted at 05:41 PM ET, 05/17/2012

Inova, Children’s discussing collaboration

The two hospitals are discussing ways for Children’s to expand Inova’s pediatric services.

By Jonathan O'Connell and Lena H. Sun  |  05:41 PM ET, 05/17/2012 |  Permalink  |  Comments ( 0)
Tags:  Children's National Medical Center, Inova

Posted at 01:45 PM ET, 05/17/2012

HGS adopts ‘poison pill’ in response to Glaxo’s tender offer

The Rockville company enacts a stockholder rights plan in an effort to prevent a purchase by Glaxo.

By Steven Overly  |  01:45 PM ET, 05/17/2012 |  Permalink  |  Comments ( 0)

Posted at 12:19 PM ET, 05/17/2012

Landlord of Dewey & LeBoeuf’s D.C. office seeks to evict ailing law firm over unpaid rent

A suit filed by the owner of 1101 New York Ave. NW lists $927,053 in unpaid rent between Feb. 1 and May 12.

By Catherine Ho  |  12:19 PM ET, 05/17/2012 |  Permalink  |  Comments ( 0)

Posted at 03:07 PM ET, 05/16/2012

Covington & Burling commits to CityCenter DC

One of the city’s largest law firms says it will move its headquarters to the $950 million development.

By Jonathan O'Connell  |  03:07 PM ET, 05/16/2012 |  Permalink  |  Comments ( 0)
Tags:  Covington & Burling, CityCenter, Hines, Archstone

Posted at 08:00 PM ET, 05/15/2012

D.C. starts over with Hill East development

Gray decides to restart the development process after the economic crisis hampered an earlier attempt by his predecessor.

By Jonathan O'Connell  |  08:00 PM ET, 05/15/2012 |  Permalink  |  Comments ( 0)
Tags:  Vincent Gray, Hill East, RFK Stadium, Washington Redskins, Capitol Hill

Posted at 04:59 PM ET, 05/14/2012

DOJ ends investigation of Cardinal Bank

The $2.6 billion-asset bank had been accused of failing to serve minority communities equitably following its 2004 acquisition of George Mason Mortgage.

By Danielle Douglas  |  04:59 PM ET, 05/14/2012 |  Permalink  |  Comments ( 0)

Posted at 04:23 PM ET, 05/14/2012

Refinancing deal struck for Rosslyn office buildings

Monday Properties lands a $238 million package for six Rosslyn office buildings from Starwood Property Trust.

By Jonathan O’Connell  |  04:23 PM ET, 05/14/2012 |  Permalink  |  Comments ( 0)

Posted at 03:27 PM ET, 05/13/2012

Your sketches for the Washington skyline

Reimagine the Washington skyline or a notable D.C. building. Send us your sketches and we’ll feature some of the best entries.

By Abha Bhattarai  |  03:27 PM ET, 05/13/2012 |  Permalink  |  Comments ( 0)

Posted at 06:46 PM ET, 05/09/2012

The company formerly known as Clearspring

The company will change its corporate moniker to AddThis, Clearspring announced today.

By Steven Overly  |  06:46 PM ET, 05/09/2012 |  Permalink  |  Comments ( 0)

Posted at 08:59 AM ET, 05/09/2012

GlaxoSmithKline appeals directly to Human Genome Sciences shareholders in buyout dispute

GSK says it will no longer wait for Human Genome Sciences to consider an acquisition offer.

By Steven Overly  |  08:59 AM ET, 05/09/2012 |  Permalink  |  Comments ( 0)

Posted at 11:45 AM ET, 05/08/2012

Luxury movie operator Silverspot signs on at Rock Spring Centre

The theater will anchor Rock Spring Centre, a 1 million square foot town center project in Bethesda.

By Danielle Douglas  |  11:45 AM ET, 05/08/2012 |  Permalink  |  Comments ( 0)

Posted at 05:41 PM ET, 05/07/2012

Anthony Lanier’s EastBanc comes to U Street, H Street

Anthony Lanier, known to spend much of his time in Georgetown, is branching out into new terroritory.

By Jonathan O'Connell  |  05:41 PM ET, 05/07/2012 |  Permalink  |  Comments ( 0)
Tags:  Anthony Lanier, EastBanc

Posted at 11:37 AM ET, 05/07/2012

GTSI to be acquired by Unicom Systems

Less than two years after its SBA suspension, the Herndon contractor is to be bought for $76.7M.

By Marjorie Censer  |  11:37 AM ET, 05/07/2012 |  Permalink  |  Comments ( 0)

Posted at 06:24 PM ET, 05/06/2012

DigitalGlobe rejects $792 million buyout offer from Herndon-based GeoEye

The company turned down a $792M offer that GeoEye made Friday, saying it undervalues the company.

By Steven Overly  |  06:24 PM ET, 05/06/2012 |  Permalink  |  Comments ( 0)

Posted at 07:25 PM ET, 05/03/2012

WashingtonFirst to acquire Alliance Bank

WashingtonFirst Bank has entered into an agreement to acquire the Chantilly bank for $24.4M.

By Danielle Douglas  |  07:25 PM ET, 05/03/2012 |  Permalink  |  Comments ( 0)

Posted at 01:15 PM ET, 05/03/2012

Maryland becomes first state to prohibit employers from asking for Facebook logins

Gov. O’Malley signs law prohibiting bosses from forcing workers to hand over social login information.

By Catherine Ho  |  01:15 PM ET, 05/03/2012 |  Permalink  |  Comments ( 0)

Posted at 09:22 AM ET, 05/02/2012

Patton Boggs, SNR Denton could pick up parts of Dewey & LeBoeuf

The D.C. law firms are said to be in talks with Dewey & LeBoeuf about a potential combination.

By Catherine Ho  |  09:22 AM ET, 05/02/2012 |  Permalink  |  Comments ( 0)

Posted at 03:42 PM ET, 05/01/2012

Rockville-based Supernus Pharmaceuticals collects $50M in IPO

The company raised $50 million in its initial public offering on Tuesday after selling 10 million shares at $5 a piece.

By Steven Overly  |  03:42 PM ET, 05/01/2012 |  Permalink  |  Comments ( 0)


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