Developers call for major reforms to boost housing production in D.C.
Washington Business Journal
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A panel of developers is calling for major reforms to D.C. regulations surrounding the production of new multifamily, an asset class that both officials and industry leaders argue has struggled under the weight of local laws.
The group, which spoke before the D.C. Council's Committee on Business and Economic Development, outlined their case for why D.C. is falling behind the region in production of new multifamily units and what can be done to grease the wheels to bring more projects online. Read more
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A federal real estate shake-up could change the face of D.C.
In early March, the Trump administration shocked just about everyone as it listed more than 400 U.S. government-owned properties nationwide that could be divested, cleared from the federal portfolio, including more than 25 in D.C. proper. The long-term result being, likely, a dramatic change to the look and feel of Washington, assuming the private sector gets its hands on a fair chunk of this valuable real estate. In this week's cover story, we take a look at what what might look like. Read more
Public company relocates headquarters to Arlington
Argan, Inc. , one of Greater Washington’s largest public companies, has a new home address.
The provider of construction services to power plants and renewable energy facilities said Monday it had moved its corporate headquarters from Rockville to Ballston. The company is now based in a fourth-level suite at Two Liberty Center, located at 4075 Wilson Blvd. Read more
Federal spending bill threatens major D.C. projects, like arena remake
D.C. officials are sounding the alarm that major economic development projects, including the renovation of Capital One Arena, could be impacted by a federal spending bill that is positioned to strip $1.1 billion from the District’s current budget. Read more
Michelin-rated Chinese restaurant coming to National Harbor
Nan Xiang Xiao Long Bao , a Michelin Guide-honored Chinese restaurant that got its start in New York and has ties to the D.C. area, is headed to suburban Maryland.
The restaurant, best known for its soup dumplings, has signed a lease at National Harbor for 6,253 square feet. The space, at 180 American Way, was formerly occupied by Potomac Gourmet Market. Read more
D.C. bill would remove costly hurdles for some health care projects
The D.C. Council is advancing legislation that would streamline the regulatory process for hospitals and other health care entities within the city, including some types of providers looking to set up shop or expand. Read more
Arlington Capital Partners launches $100M defense tech startup
Bethesda private equity firm Arlington Capital Partners has launched a new defense technology company called GRVTY led by Katie Selbe, the former chief operating officer of Eqlipse Technologies, a BlueHalo Company and BlueHalo — two of Arlington Capital’s own portfolio companies. Read more
Residential, hotel makeover pitched for office site near Fort Belvoir
Transwestern wants to buy and redevelop an old office property near Fort Belvoir with residential and a hotel, citing waning occupancy in the existing building. Read more
This Weekly Edition was compiled by Drew Hansen. Questions? Comments? Concerns? Send them to [email protected].