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Capital Business Blog: September, 2012

Posted at 03:34 PM ET, 09/28/2012

GSA proposes massive overhaul of Southwest office buildings into a new Federal Triangle South

Five buildings near the National Mall — some of them considered the most block-like properties downtown — could be subject to redevelopment.

By Jonathan O'Connell  |  03:34 PM ET, 09/28/2012 |  Permalink  |  Comments ( 0)
Tags:  Federal Triangle South, commercial real estate, General Services Administration, Federal Aviation Adminitration, Department of Energy, Old Post Office pavilion, Trump Organization, Donald Trump, Department of Homeland Security

Posted at 05:50 PM ET, 09/27/2012

Umba Box, D.C.-based gift company, teams up with Facebook

The partnership is expected to increase the company’s monthly revenue to $2M, according to founder Lauren Thorp.

By Abha Bhattarai  |  05:50 PM ET, 09/27/2012 |  Permalink  |  Comments ( 0)

Posted at 02:24 PM ET, 09/27/2012

Construction employment in the District is at highest level in 22 years

14,300 held construction jobs in D.C. in August, a 14% increase from the same month last year.

By Sarah Halzack  |  02:24 PM ET, 09/27/2012 |  Permalink  |  Comments ( 0)

Posted at 06:36 PM ET, 09/25/2012

Hilton hotel planned next to Gannett headquarters in Tysons Corner

MRP Realty plans to build a Hampton Inn and Homewood Suites on Jones Branch Drive in Tysons Corner.

By Jonathan O'Connell  |  06:36 PM ET, 09/25/2012 |  Permalink  |  Comments ( 0)
Tags:  MRP Realty, Hilton, Tysons Corner, Metro, Silver Line, commercial real estate

Posted at 12:15 PM ET, 09/25/2012

WeddingWire secures $25M investment

The Bethesda-based company says it will use the money for expansion.

By Abha Bhattarai  |  12:15 PM ET, 09/25/2012 |  Permalink  |  Comments ( 0)

Posted at 04:47 PM ET, 09/24/2012

Writing the story of the District’s revival

In the District, things could not be more different than they were 30 years ago. One of the groups that played a big role in its turnaround, the D.C. office of Local Initiatives Support Corp., is taking a look back.

By Jonathan O'Connell  |  04:47 PM ET, 09/24/2012 |  Permalink  |  Comments ( 0)
Tags:  Local Initiatives Support Corporation, Oramenta Newsome, economic development, Marion Barry, commercial real estate

Posted at 04:10 PM ET, 09/20/2012

Learning Tree CEO proposes taking the company private

Chief executive and his wife offer to buy shares for $5.25 and take the company private.

By J.D. Harrison  |  04:10 PM ET, 09/20/2012 |  Permalink  |  Comments ( 0)

Posted at 05:22 PM ET, 09/19/2012

D.C. Library board to consider renovation ideas for Martin Luther King Jr. Memorial Library

The library’s management is considering whether it can be expanded in some way, or if the library needs to find a new home.

By Jonathan O'Connell  |  05:22 PM ET, 09/19/2012 |  Permalink  |  Comments ( 0)
Tags:  Martin Luther King Jr. Memorial Library, Ginnie Cooper, Jair Lynch, Freelon Group

Posted at 01:20 PM ET, 09/19/2012

Washington law firm partners are earning 14 percent more than in 2010

Average pay this year is $798,000, up from $702,000, survey shows.

By Catherine Ho  |  01:20 PM ET, 09/19/2012 |  Permalink  |  Comments ( 0)

Posted at 12:50 PM ET, 09/19/2012

Peterson Cos. buying National Harbor plot back from Disney for $11 million

Disney planned a resort hotel when it bought the National Harbor plot, but later pulled out of the project.

By Jonathan O'Connell  |  12:50 PM ET, 09/19/2012 |  Permalink  |  Comments ( 0)
Tags:  Peterson Cos., Milton Peterson, National Harbor, Walt Disney Co, Rushern Baker, Prince George's County, commercial real estate

Posted at 01:07 PM ET, 09/18/2012

Government to sell West Heating Plant through online auction in November

The six-story plant offers clear views of the Potomac River from its top floor and is considered one of the most valuable undeveloped sites in Georgetown.

By Jonathan O'Connell  |  01:07 PM ET, 09/18/2012 |  Permalink  |  Comments ( 0)
Tags:  Georgetown, West Heating Plant, General Services Administration, auction, EastBanc, MRP Realty, Four Seasons, parks, Jack Evans

Posted at 10:24 AM ET, 09/18/2012

Are construction projects luring prostitutes into downtown D.C.?

According to a report, workers may be spending part of their paychecks on illicit entertainment.

By Jonathan O'Connell  |  10:24 AM ET, 09/18/2012 |  Permalink  |  Comments ( 0)
Tags:  prostitution, CityCenter DC, Marriott Marquis, Logan Circle

Posted at 10:34 AM ET, 09/14/2012

NoMa to get $490,000 for park planning

The money would set the stage for a network of walking trails and small urban parks.

By Jonathan O'Connell  |  10:34 AM ET, 09/14/2012 |  Permalink  |  Comments ( 0)
Tags:  Vincent C. Gray, NoMa, parks, commercial real estate

Posted at 04:35 PM ET, 09/12/2012

Engility eliminates divisions, plans employee cuts

The cuts, which should be complete by the end of the year, are expected to total less than 4 percent of its 8,000 employees.

By Marjorie Censer  |  04:35 PM ET, 09/12/2012 |  Permalink  |  Comments ( 0)
Tags:  Engility, L-3 Communications, government services, government contracting

Posted at 02:55 PM ET, 09/12/2012

BAE Systems and EADS are considering combining their businesses

The combination would create a major competitor for Boeing.

By Marjorie Censer  |  02:55 PM ET, 09/12/2012 |  Permalink  |  Comments ( 0)

Posted at 11:03 AM ET, 09/12/2012

Corcoran board picks CBRE to assess museum building, consider relocation

CBRE will evaluate the value of the Beaux-Arts building and possibly help the museum secure a new home elsewhere in the region.

By Jonathan O'Connell  |  11:03 AM ET, 09/12/2012 |  Permalink  |  Comments ( 0)
Tags:  Corcoran Gallery of Art, CBRE, commercial real estate, fine art

Posted at 04:53 PM ET, 09/07/2012

B.F. Saul III resigns as president of Saul Centers to start own venture

Descendant of one of the area’s most successful real estate magnates is leaving the firm that bears his name.

By Jonathan O'Connell and Thomas Heath  |  04:53 PM ET, 09/07/2012 |  Permalink  |  Comments ( 0)
Tags:  B.F. Saul III, Saul Centers, B.F. Saul, commercial real estate

Posted at 09:20 AM ET, 09/06/2012

Legal battle over Redskins’ name continues

The case is largely symbolic, and the outcome is unlikely have a major impact on the team.

By Catherine Ho  |  09:20 AM ET, 09/06/2012 |  Permalink  |  Comments ( 0)

Posted at 04:13 PM ET, 09/04/2012

Defense Department official who oversaw BRAC named head of public buildings for General Services Administration

Dorothy Robyn previously served as the Pentagon’s deputy undersecretary for installations and environment.

By Jonathan O'Connell  |  04:13 PM ET, 09/04/2012 |  Permalink  |  Comments ( 0)
Tags:  General Services Administration, Department of Defense, Pentagon, BRAC, Dorothy Robyn, Dan Tangherlini

 

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