Washington Business Journal
Citigroup cuts hit Manassas, Glen Burnie
Citigroup Inc.'s Wednesday announcement of 11,000 job cuts will have only minimal impact on the Washington region.
D.C. eyes new jail as part of 'Justice Center Campus'
The District is weighing the development of a consolidated public safety campus that would house a new jail and police and fire training facilities.
Loews Hotels & Resorts buys D.C.'s Madison Hotel
Loews Hotels & Resorts, will enter the Washington market with the purchase of the 356-room Madison Hotel in Northwest.
Fairfax supervisors to set rules for new Tysons road funds
The Fairfax County Board of Supervisors on Tuesday is expected to adopt the rulebook that will guide the collection of hundreds of millions of dollars for Tysons road improvements.
Hotels roll out inauguration packages, deals
D.C.'s best hotels are offering guests a variety of packages for the inauguration next month.
D.C. zoning overhaul stokes residents' fears
Planning officials in D.C. are rewriting the city's zoning rules for the first time in 54 years, and the process is increasing residents' anxieties about growth.
Mexican restaurant signs at The Yards
Forest City Washington, the developer of The Yards, says the owners of Capitol Hill's Zest Bistro have signed a lease for a Mexican restaurant called Agua 301.
Harris Teeter heads to Clarksburg
Harris Teeter has signed on as the anchor tenant for Clarksburg Village Center, a 109,000-square-foot neighborhood shopping center in Clarksburg.
D.C. Council panel approves $11M tax break for Howard Town Center
The D.C. Council's finance and revenue committee unanimously approved an $11 million tax abatement for the Howard Town Center during a brief mark-up session Thursday afternoon.
Montgomery County guesthouses may require licenses
Lawmakers in Montgomery County are weighing legislation that would require homeowners with guesthouses to get a license to build the extra space.
Washington home prices up 3.2 percent from a year ago
One closely watched gauge of housing prices shows median sales prices in the Washington market stalled in September, though prices were still higher than a year ago.
Leesburg getting indoor cycling studio Dec. 15
CycleLuv will open its first indoor cycling studio in Leesburg on Dec. 15.
Bart Vandaele's B Too opening pushed back
Bart Vandaele, the D.C. chef behind Belga Café who's in the process of opening B Too, says the restaurant won't open on Dec. 12.
14th Street Matchbox opens Nov. 30
Matchbox Food Group will open its third Washington- area location on 14th Street Nov. 30
Capella to open Georgetown hotel in January
Capella Hotels and Resorts will open its first U.S. property in Georgetown in January.
Bob Stevens: Lockheed Martin 'not in crisis'
Lockheed Martin Corp. CEO Bob Stevens gave additional details about Christopher Kubasik's removal and the company's new transition plan in a conference call, but he said the situation does not plunge the Bethesda-based company into crisis.
Lockheed's Kubasik resigns after ethics investigation
Christopher Kubasik, who was to become Lockheed Martin Corp.'s CEO in January, has resigned, effective immediately, after an investigation found he had a personal relationship with a subordinate, the company announced Friday after the markets closed.
Patent and Trademark Office says telework withstood Sandy
The U.S. Patent and Trademark Office says its productivity largely held up when agencies in the Washington area were closed for two days because of Hurricane Sandy.
Amazon opens new marketplace for wine
mazon.com Inc. is now selling wine online at its own site, with Amazon available to ship wine to residents of 12 states and the District.
After Question 7, does D.C. need a casino?
Following the approval of Question 7 in Maryland that allows an $800 million luxury casino to likely be built at National Harbor, District officials and business have been wondering if they needed to start pursuing a casino of their own.
Yes! Organic Market pulls out of Southeast
Despite a $900,000 grant from the District and owner Gary Cha's best efforts to make a profit, Yes! Organic Market — the local chain of small, organic grocery stores — plans to close its store on Pennsylvania Avenue SE.
D.C. wage growth falls below national average
The District suffered slower growth in wages earned in the second quarter, falling below the national average for the first time in a decade, the D.C. finance office reports.
Talks break down in Washington Harbour flood lawsuit
As Washington begins its recovery from Hurricane Sandy, District-based MRP Realty is preparing to deal with the backlash of another mega-storm that flooded its Washington Harbour complex in Georgetown 19 months ago ago.
Vida Fitness joins The Yards development
Local sports club Vida Fitness will join Forest City Washington's mixed-use development, Twelve12 at The Yards.
Washington Gas proposes rate hike
Washington Gas is petitioning to raise rates in order to finance a gas line replacement program.
MoneyTree: D.C. area raises $215M in Q3 venture capital
Maryland, Virginia and the District raised a collective $215.7 million in venture funding in the third quarter, slipping from the $245.7 million raised in the same period last year, according to PricewaterhouseCoopers LLP's MoneyTree report.
Gray appeals to Tony Williams on proposed capital gains break
Mayor Vincent Gray this week appealed directly to his predecessor, Anthony Williams, in support of a proposed capital gains break for technology investment, a month after the D.C. Council kicked the measure over to a tax review panel chaired by the former mayor.
Alexandria pursued Corcoran Gallery of Art
Alexandria officials aggressively promoted the city's waterfront as a possible new location for the gallery.



