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Capital Business Blog: June, 2012

Posted at 06:58 PM ET, 06/27/2012

Vornado battling back from BRAC

Relocations prompted by BRAC have eaten away at occupancy for one of the largest owners of office space in Northern Virginia.

By Jonathan O'Connell  |  06:58 PM ET, 06/27/2012 |  Permalink  |  Comments ( 0)
Tags:  Vornado Realty Trust, Vornado/Charles E. Smith, Crystal City, BRAC

Posted at 01:30 PM ET, 06/22/2012

TechAmerica restructures to focus on public policy, networking

The industry group will shutter some of its offices to focus on networking, public policy and advocacy.

By Marjorie Censer  |  01:30 PM ET, 06/22/2012 |  Permalink  |  Comments ( 0)

Posted at 01:25 PM ET, 06/22/2012

Ritz Camera files for bankruptcy protection ... again

The Beltsville-based photography retailer said it is evaluating which of its 265 stores to close.

By Danielle Douglas  |  01:25 PM ET, 06/22/2012 |  Permalink  |  Comments ( 0)

Posted at 07:53 PM ET, 06/21/2012

OMB sued for not disclosing full records on federal buildings that could be used for homeless services

Attorneys at Covington & Burling are suing to obtain information about unused federal properties that could be used to provide services to the homeless.

By Catherine Ho  |  07:53 PM ET, 06/21/2012 |  Permalink  |  Comments ( 0)

Posted at 12:00 AM ET, 06/20/2012

GAO: Feds know little about their buildings

Some federal buildings listed in “excellent” condition were found to have damaged ceilings, collapsed roofs or radiological contamination.

By Jonathan O’Connell  |  12:00 AM ET, 06/20/2012 |  Permalink  |  Comments ( 0)
Tags:  commercial real estate, GAO, GSA

Posted at 05:08 PM ET, 06/19/2012

BankUnited executives to pay $20M to Capital One

Capital One Financial said two former senior executives agreed to pay to settle claims that they violated a noncompete agreement.

By Danielle Douglas  |  05:08 PM ET, 06/19/2012 |  Permalink  |  Comments ( 0)

Posted at 03:22 PM ET, 06/19/2012

District-based online deal site targets wealthy gay men

DirectMale, which debuted in 1992, is back in the form of a Web site with online vouchers for apparel, skin care products and travel, among other items.

By Steven Overly  |  03:22 PM ET, 06/19/2012 |  Permalink  |  Comments ( 0)

Posted at 03:05 PM ET, 06/19/2012

Video: Hine Jr. High School developers make their pitch

Stanton-EastBanc is proposing a mix of offices, housing and shopping for the Capitol Hill school.

By Jonathan O’Connell  |  03:05 PM ET, 06/19/2012 |  Permalink  |  Comments ( 0)
Tags:  Hine Jr. High, Stanton, EastBanc, Capitol Hill, commercial real estate

Posted at 01:56 PM ET, 06/19/2012

House subcommittee criticizes failure to sell Georgetown heating plant

The 2.08-acre West Heating Plant in Northwest Washington has been nearly vacant since 2000.

By Jonathan O'Connell  |  01:56 PM ET, 06/19/2012 |  Permalink  |  Comments ( 0)
Tags:  West Heating Plant, Georgetown, commercial real estate, GSA, John Mica, Jeff Denham

Posted at 07:30 AM ET, 06/19/2012

McLean-based Cvent acquires second mobile firm

The purchases are part of the McLean company’s effort to extend its event management software.

By Steven Overly  |  07:30 AM ET, 06/19/2012 |  Permalink  |  Comments ( 0)

Posted at 03:45 PM ET, 06/15/2012

Wheaton church to be turned into luxury apartments

The former First Baptist Church of Wheaton will make way for luxury apartments later this month.

By Jonathan O’Connell  |  03:45 PM ET, 06/15/2012 |  Permalink  |  Comments ( 0)
Tags:  Wheaton, apartments, commercial real estate, Washington Property Company

Posted at 04:49 PM ET, 06/14/2012

Congress to pressure feds to sell West Heating Plant

The GSA announced last October that it planned to sell the plant in Northwest Washington.

By Jonathan O'Connell  |  04:49 PM ET, 06/14/2012 |  Permalink  |  Comments ( 0)
Tags:  West Heating Plant, Georgetown, GSA, Jeff Denham

Posted at 05:01 PM ET, 06/13/2012

GSA to Mica: FTC HQ move not feasible

Rep. Mica’s dream of delivering the FTC HQ to the National Gallery of Art took a step back Tuesday.

By Jonathan O'Connell  |  05:01 PM ET, 06/13/2012 |  Permalink  |  Comments ( 0)
Tags:  John Mica, Dan Tangherlini, GSA, FTC, Federal Trade Commission, Constitution Center, commercial real estate

Posted at 03:35 PM ET, 06/13/2012

Virginia community banks to merge

First Virginia Community Bank is to acquire 1st Commonwealth Bank of Virginia for $3.7M in stock.

By Danielle Douglas  |  03:35 PM ET, 06/13/2012 |  Permalink  |  Comments ( 0)

Posted at 06:00 PM ET, 06/11/2012

Watergate’s new owner welcomes anniversary’s attention

Could it help attract companies interested in leasing space in the building?

By Jonathan O'Connell  |  06:00 PM ET, 06/11/2012 |  Permalink  |  Comments ( 0)
Tags:  Watergate, Bob Woodward, Ben Bradlee, Carl Bernstein, commercial real estate

Posted at 09:20 PM ET, 06/10/2012

You tell us: Are elected officials doing enough to address unemployment?

A weak jobs report last week showed the first jump in unemployment in 11 months.

By Capital Business staff  |  09:20 PM ET, 06/10/2012 |  Permalink  |  Comments ( 0)

Posted at 10:36 AM ET, 06/08/2012

Walker & Dunlop to acquire rival lender CWCapital

The Bethesda-based commercial mortgage lender is shelling out $220M to acquire rival CWCapital.

By Danielle Douglas  |  10:36 AM ET, 06/08/2012 |  Permalink  |  Comments ( 0)

Posted at 10:21 AM ET, 06/08/2012

GlaxoSmithKline extends tender offer for Human Genome Sciences shares

GlaxoSmithKline has extended its tender offer for outstanding shares of Human Genome Sciences.

By Steven Overly  |  10:21 AM ET, 06/08/2012 |  Permalink  |  Comments ( 0)

Posted at 06:04 PM ET, 06/07/2012

LivingSocial finds support for $32.5M city tax incentive deal

Local business advocates and executives testified in favor of legislation that would save the company $32.5M on D.C. taxes.

By Steven Overly  |  06:04 PM ET, 06/07/2012 |  Permalink  |  Comments ( 0)

Posted at 05:07 PM ET, 06/06/2012

General Dynamics, CACI chiefs to retire

Falls Church’s General Dynamics and Arlington‘s CACI to bid adieu to their top leaders by year’s end.

By Marjorie Censer  |  05:07 PM ET, 06/06/2012 |  Permalink  |  Comments ( 0)

Posted at 06:47 PM ET, 06/05/2012

D.C. Council awards tourism bureau $3M in annual budget

This is first time the District has allocated money for Destination D.C.’s annual operating budget.

By Danielle Douglas  |  06:47 PM ET, 06/05/2012 |  Permalink  |  Comments ( 0)

Posted at 06:15 PM ET, 06/05/2012

Patton Boggs denies illegally firing D.C. employee who complained of sexual harassment

A former employee sued the firm in April, saying she was harassed by a former male IT employee.

By Catherine Ho  |  06:15 PM ET, 06/05/2012 |  Permalink  |  Comments ( 0)

Posted at 04:48 PM ET, 06/05/2012

Live Tweets: Warren Buffett’s appearance at The Economic Club of Washington

Tweet your reactions to Buffett’s appearance on Tuesday evening using the hashtag #buffetttalks.

By Abha Bhattarai  |  04:48 PM ET, 06/05/2012 |  Permalink  |  Comments ( 0)

Posted at 08:09 PM ET, 06/03/2012

You tell us: Should the city build a soccer stadium in Southwest?

Reader comment: “Aside from the fact that it will take awhile to bring in revenue, the roads/metro infrastructure won't be able to adequately handle the traffic.” — Leslie A. Burke

By Capital Business staff  |  08:09 PM ET, 06/03/2012 |  Permalink  |  Comments ( 0)

Posted at 08:09 PM ET, 06/03/2012

You tell us: Should the city build a soccer stadium in Southwest?

“This will draw new fans and revenue,” says reader Luis A. Perez Jr. What do you think? Would building a new soccer stadium be a wise use of D.C.'s economic development dollars?

By Capital Business staff  |  08:09 PM ET, 06/03/2012 |  Permalink  |  Comments ( 0)

Posted at 05:08 PM ET, 06/01/2012

Calnet settles allegations of overbilling for $18.1 million

The Reston-based contractor will pay the government $18.1 million to settle a case alleging that it overbilled the Defense Department.

By Marjorie Censer  |  05:08 PM ET, 06/01/2012 |  Permalink  |  Comments ( 0)

Posted at 12:39 PM ET, 05/31/2012

Marriott strikes deal to manage Gaylord hotels

The Bethesda company is offering Gaylord Entertainment $210M for the rights to manage four hotels.

By Danielle Douglas  |  12:39 PM ET, 05/31/2012 |  Permalink  |  Comments ( 0)

 

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