Tag: Washington Business Journal

Daniel Snyder, District officials working with Congress on NFL stadium provision

Washington’s NFL team is working with local and federal lawmakers to place a provision in the upcoming congressional spending bill to establish a new stadium on the RFK Stadium campus in the District, according to The Washington Post. The measure would also open the 190-acre campus to commercial development by extending the District’s long-term lease […]

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Providence to keep emergency services open into the new year

Providence Health System’s closure — or at least part of it — has been pushed back. The Northeast D.C. hospital, which had planned to shut down its emergency room walk-in service Dec. 5 and all acute-care services by Dec. 14, will continue to operate its emergency department for patients with low-acute, less severe conditions through […]

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Exclusive: D.C. software firm to sell in nine-figure deal

District-based Interfolio, which makes software for college and university faculty members, is set to be acquired by Insight Venture Partners. Interfolio did not disclose terms, but a source familiar with the deal said the price was set at more than $110 million. The company will maintain its headquarters in D.C. and senior executives, including CEO […]

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Here’s what Events D.C. is contributing to D.C.’s Overwatch esports team

When serial entrepreneur Mark Ein said he was launching an esports team to join the Overwatch League, we were told Events D.C., the city’s conventions and sports authority, was coming on as an “anchor sponsor.” We’re now getting a closer look at what that means. Events D.C. is sponsoring the team, which is part of […]

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GWU Hospital could get expedited new tower in Foggy Bottom from its deal to operate Ward 8 hospital

George Washington University Hospital could get a waiver to build a new hospital tower in Foggy Bottom as part of its deal to take control of the United Medical Center replacement facility in Southeast. The D.C. Council recently signed off on first reading of a partnership agreement that waives the lengthy Certificate of Need process […]

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Mark Ein dives into esports, buys Overwatch team as Activision league expands to D.C.

Serial investor and entrepreneur Mark Ein, owner of the Washington Kastles and World TeamTennis, has found his way to esports, launching Washington Esports Ventures and buying a D.C.-based team in the Overwatch League. Ein, CEO of Capitol Investment Corp. and Venturehouse Group LLC, owner of the Washington City Paper and chairman of Kastle Systems, “is […]

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New Dupont Circle BID names first executive director

The Dupont Circle Business Improvement District has its first chief. The newly formed BID’s board has named Colleen Hawkinson, most recently the manager of strategic planning at the D.C. Department of Transportation, as executive director. Hawkinson, per a release, has two decades of experience in urban planning. “With its vibrant small and local businesses, plus […]

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Mike Isabella’s business files for Chapter 11 bankruptcy

Mike Isabella Concepts filed for Chapter 11 bankruptcy on Thursday in the wake of a six-month period during which the business was sued for sexual harassment and closed several eateries, including its massive food hall at Tysons Galleria. The bankruptcy case, filed with the U.S. Bankruptcy Court in Greenbelt, is not yet available online. Mike […]

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Why construction has stopped at the Latham Hotel site in Georgetown (updated)

Key story highlights: Construction at the site of the former Latham Hotel in Georgetown has stalled.The developer is holding off until it sells part or all of the property, or lands retail tenants and a hotel operator.It’s not clear when those agreements will be finalized so work can resume. Anyone passing through Georgetown on a […]

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This D.C. financial services startup focused on retirees just raised $10M

United Income, a financial services and investment management firm geared toward older or retired customers, has raised more than $10.1 million in a new funding round, according to a Securities and Exchange Commission filing. The D.C.-based company has not returned a request for comment on how the new funding will be used. The new round […]

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MWAA’s president is now one of the highest-paid airport execs in the U.S.

The Metropolitan Washington Airports Authority really wants to keep its chief executive around. According to The Washington Post, Jack Potter could make a total salary of $706,000 this year under terms of a deal signed in January but only made public this month. The salary would make him one of the highest-paid airport execs in […]

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Yelp will now display health inspection scores for D.C.-area restaurants. But what do they really show?

Yelp Inc. (NYSE: YELP) isn’t only for airing your personal restaurant grievances anymore. The site is now dipping its hands into clean eating of sorts by providing health inspection scores for more than 3,000 restaurants in Greater Washington. Restaurants will be given health inspection scores from 0 to 100 that will be displayed on the […]

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A D.C. tour bus company switches gears to all-electric, zero emissions

Key story highlights: Big Bus Tours D.C. started to bring in all-electric, zero-emission vehicles to the District last year, now up to 10 percent of its local fleet.The battery-powered buses are designed to save on costs, able to travel nearly 100 miles before recharging.More transportation companies are increasingly taking these steps to go green and […]

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Glamsquad buys D.C.-based beauty and fitness app Veluxe

Glamsquad has acquired D.C.-based Veluxe, a personalized beauty and wellness service, for undisclosed terms. Veluxe’s CEO and founder, Susanna Quinn, created the company in 2014 to provide the region’s power players with beauty and fitness services. While Veluxe has fared well and gained loyal customers among D.C.’s elite, Glamsquad, which offers similar services, is hoping […]

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D.C. United’s business chief exits for post with Sacramento Kings

Tom Hunt, the former president of business operations for D.C. United, will join the Sacramento Kings as the executive vice president of business operations. Hunt’s executive role with the Sacramento Kings is a newly created position, but he previously worked with the team from 2005 to 2011 as senior vice president of corporate partnerships. After […]

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EastBanc fills one of its most prominent M Street vacancies

Key story highlights: EastBanc has landed Canadian retailer Aritzia for the former BCBG space on M Street.The landlord is taking a creative approach to lease deals to address the tough retail market. In this deal, it will only pay tenant improvements if Aritzia decides to extend its lease for 10 years.Aritzia sells womenswear that ranges […]

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How DC is getting more inventive with its rooftops

Key story highlights: Developers are increasingly taking advantage of 2016 zoning amendments that allow for a wide range of uses on D.C. rooftops, including amenity space, bars and residential units.Several architects and land use experts say a majority of new projects being planned for the District are being designed with reimagined rooftops.Developers say they can […]

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How D.C. is getting more inventive with its rooftops

Key story highlights: Developers are increasingly taking advantage of 2016 zoning amendments that allow for a wide range of uses on D.C. rooftops, including amenity space, bars and residential units.Several architects and land use experts say a majority of new projects being planned for the District are being designed with reimagined rooftops.Developers say they can […]

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How Mission by Nats Park pulled off an All-Star-ready opening

Key story highlights: Mission, a new Capitol Riverfront restaurant from two D.C. restaurateurs, met an extremely aggressive time line for its opening.The Mayor’s office and others wanted create a more lively scene on N Street SE for the MLB All-Star Game.The spot aims to be open for a preview weekend before the All-Star Game with […]

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D.C. spending $4.5M to pull off All-Star Week — just not on flowers

Don’t tell D.C. Mayor Muriel Bowser that D.C. needs to beautify the area around Nationals Park for MLB All-Star Week July 13-17. When asked Tuesday afternoon if the city is planting flowers or doing other landscaping, Bowser balked. “Landscaping?” asked the mayor, surrounded by the heads of several D.C. agencies at a press conference about […]

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D.C. hospital gets the green light for a new helipad

Key story highlights: D.C. Mayor Muriel Bowser has signed a bill that gives George Washington University Hospital approval to begin helipad construction.The helipad will expand access for patients to its trauma center and comprehensive stroke center, according to hospital spokeswoman Susan Griffiths.The hospital plans to start building the helipad this year, to be completed in […]

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Media firm leaving D.C. for Arlington

FP1 Strategies, a media strategy firm, is leaving D.C. for Arlington. The company, currently headquartered in the Dupont Circle area, will move into nearly 30,000 square feet at 3001 Washington Blvd. in Clarendon, Newmark Knight Frank announced. FP1 will occupy the sixth, seventh and eighth floors, taking 25 percent of the 94,837-square-foot office building. Penzance […]

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