A new owner for Georgetown shopping center

Welcome to CapBiz A.M., your morning primer on business news with a focus on Washington.

Big box, big success: Jamestown Properties, an Atlanta-based investment firm, has agreed to buy The Shops at Georgetown Park. The $273 million deal is the second time this Georgetown retail space has changed hands in four years. But don’t expect the retailing mix to disappear soon. (CAPBIZ)

Lending gap: Small business lending has improved since the recession. But unless the credit gap narrows, the economy could be at risk, says one former Small Business Administration official. (OSB)

A taxing problem: A wave of companies is set to renounce U.S. citizenship to collect tax savings abroad. What’s driving the exodus? Some say it’s Congress. (WP)

Security breach: Falls-Church based contractor USIS is the latest victim of a security breach, forcing the government to temporarily halt work with the company. The attack could be state-sponsored, USIS said. (WP)

Office space: Cubicle dreamers may yearn for the magical workspaces of Silicon Valley, but a new study says creative design doesn’t always breed creative work. (WP)

Disaster plan: Six years after the financial crisis, the nation’s biggest banks still don’t have a good plan to deal with potential bankruptcy without crippling the economy, a government regulator said. (WP)

Go for now: Taxi-sharing services Uber and Lyft can still operate in Virginia based on a temporary agreement. The state fined them for operating outside passenger carrier laws earlier this year. (WBJ)

On Wall Street 

Stocks stayed flat after some positive earnings reports offset some early jitters about Russia’s military advances in Ukraine. (Get the latest updates here)

What’s on tap today

Weekly jobless claims (8:30 a.m.)

Consumer credit (3 p.m.)

Chain store sales (All day)

Africa Digital Security conference (9:30 a.m.)

Help: How to achieve work-life balance, as a man. (WP)

Follow: Georgetown’s Business Improvement District

Extra: Is D.C. really America’s coolest city? (WP)

Thoughts? Have feedback, tips or events we should know about? Email us here

Amrita Jayakumar covers federal government contracting for Capital Business, The Post's local business publication.
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