Category: Business & Finance

Business & Finance

Sears chairman prevails in bankruptcy auction for retailer with $5.2 billion bid: sources

NEW YORK (Reuters) – Sears Holdings Corp Chairman Eddie Lampert prevailed in a bankruptcy auction for the U.S. department store chain with an improved takeover bid of roughly $5.2 billion, allowing the 126-year-old retailer to keep its doors open, people familiar with the matter said Wednesday. Lampert’s bid, boosted from […]

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State Department to stay put on C Street NW

The General Services Administration has renewed the State Department’s lease at 2200 C St. NW after ruling out potential alternative locations to the building next door to State’s main headquarters. The GSA’s lease renewal with the American Pharmacists Association, dated Oct. 11, 2018, was disclosed in documents filed recently with the D.C. Recorder of Deeds. […]

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Jair Lynch bullish on $60M eNvy condo project by — virtually over — Nats Park

Jair Lynch Real Estate Partners’ $60 million eNvy condo project is set to come online by the end of the year, offering the only for-sale residential product as close to Nationals Park as you can be without sitting in right field. The D.C.-based developer recently poured the fifth floor of its 11-story condo building at […]

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Breaking into DC’s freelance economy? Tips for first-timers

WASHINGTON — Whether you call it gig economy or freelancing or career independence, more and more people in the Washington area are breaking out on their own. For those newbies, reality sets in when they realize they are not only the talent, but also the payroll department, finance department, human resources department and procurement department. […]

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Blue Duck Tavern opens outdoor ‘Fire Garden’ (with fondue and blankets)

WASHINGTON — Blue Duck Tavern, at the Park Hyatt in D.C.’s West End, doesn’t see any reason why you can’t enjoy patio seating in the colder months. The restaurant just opened its Fire Garden. The new outdoor space, with fountain, is a sunken garden with fire pits and comes with blankets for guests to stay […]

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Factbox: Corporate investments in EV startups

(Reuters) – Corporations across a variety of industries – auto, energy, electronics, aerospace, telecom – have invested in startup companies engaged in various aspects of automotive electrification, including batteries, charging devices and complete vehicles. Here is a short list of prominent non-automotive corporate investors and the electrification startups they have […]

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Airbnb hosts in DC make an average $10,000

WASHINGTON — Airbnb hosts in the District will face strict new regulations this year about how often they can rent out their homes, but they had some nice side income from their Airbnb rentals in 2018, newly released figures show. Airbnb said hosts in the District earned $96 million last year, up from $82 million […]

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Perhaps the best falafel joint in NYC is expanding to D.C.

New York City’s popular falafel chain Taïm is coming to Georgetown. Taïm, which operates in five Manhattan locations, has agreed to lease 1,619 square feet at 1065 Wisconsin Ave. NW. H&R Retail’s Sebastian Restifo and Lawrence Hoffman represented the tenant. The fast-casual falafel company made headlines early last year when its founder, Israeli-born Chef Einat […]

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Google’s Board Is Being Sued For Allegedly Silencing Misconduct Claims Against Former Executives

Attorneys representing a Google shareholder revealed details of a new lawsuit that claims the company’s board of directors covered up sexual misconduct by former Google senior executives, including “Father of Android” Andy Rubin and ex-head of search Amit Singhal. Even after Google investigated and found that the allegations of Rubin’s sexual misconduct were credible, the […]

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