Washington Business Journal
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The streak is over: EagleBank’s run of record earnings ends
Every consecutive quarter for the last 10 years, Eagle Bancorp Inc.’s profits have grown — a fact celebrated in press release after press release that proclaimed “record earnings” since 2009. Until last quarter. The still…
12 hours ago -
Alibaba Group’s mobile payment platform coming to Capital One Arena
Alipay, a mobile payment platform from Chinese multinational conglomerate Alibaba Group, is now available at Capital One Arena. The platform, which serves one billion users worldwide, is available across the arena’s ticketing, concessions and team…
12 hours ago -
Whittle School gets permit to resume work on private school project
Whittle School & Studios, the private school coming to the former Intelsat headquarters at 4000 Connecticut Ave. NW, received a necessary building permit Thursday after D.C. officials halted construction with a stop-work order at the…
12 hours ago -
Here’s how much the Washington Nationals are worth
The Washington Nationals have fallen just outside the top 10 most valuable Major League Baseball franchises, according to Forbes’ annual valuation of all 30 teams. At $1.75 billion, the Nationals are the 11th-most valuable franchise,…
13 hours ago -
Viela Bio scores breakthrough status for rare autoimmune disease treatment
Viela Bio Inc. has earned a breakthrough therapy designation from the Food and Drug Administration for a product to treat neuromyelitis optica spectrum disorder, a life-threatening autoimmune disease that impacts the central nervous system. The…
14 hours ago -
Under Armour’s North America head to depart at end of April
The president of Under Armour Inc.’s sluggish North American business will leave at the end of the month, according to a federal filing Thursday. Jason LaRose has worked at the Baltimore-based sportswear maker since 2013…
15 hours ago -
New opportunity zone guidelines expected to loosen regulations
The Trump administration’s second set of proposed guidelines for opportunity zones aim to make it easier to invest in business and real estate in distressed areas throughout the country and encourage economic impact. The highly-anticipated…
15 hours ago -
Alexandria changing HOV restrictions for summer Metro shutdown
Beginning the week of May 20, Alexandria will increase the HOV requirements on Washington Street from two or more vehicle occupants (HOV-2) to three or more (HOV-3) during both morning and afternoon rush hours.
19 hours ago -
United Therapeutics sued by generic drug competitors
United Therapeutics Corp. has been sued for “unlawfully impeding competition” by Sandoz Inc. and RareGen LLC, the companies selling a generic form of a drug the Silver Spring biotech had under patent until last month.…
1 day ago -
Alexandria park to transition to winter wonderland with ice rink installation
The Northern Virginia Regional Park Authority is planning to make Cameron Run Regional Park operational year-round with a new Winter Village attraction set to open in November.
1 day ago -
Herndon just marked a milestone in the small town’s history
Herndon officials just approved the town’s first new mixed-use development near the future Herndon Metro station, a major step for growth along the path of the Silver Line’s expansion.
1 day ago -
SummitIG receives majority investment from New York private equity firm
New York-based private equity firm SDC Capital Partners LLC has closed on a majority-stake investment in Ashburn-based Summit Infrastructure Group Inc., leading the telecommunications firm to make changes to its executive leadership. Terms were not…
2 days ago -
Former Marco Polo site in Vienna acquired for redevelopment
D.C.-based Northfield Investment and Development has acquired the former Marco Polo restaurant site in Vienna with plans to develop 44 condominium townhouses and 8,200 square feet of retail.
2 days ago -
Metro targets Alexandria’s Eisenhower Avenue corridor for large office building
Alexandria’s Carlyle Design Review Board is scheduled to take an initial look April 25 at a nearly 400,000-square-foot office building planned for 2395 Mill Road.
2 days ago -
Artemis Real Estate Partners closes its largest fund ever
Artemis Real Estate Partners has closed out its third and largest fund to date after raising just over $1 billion for value-add projects in the D.C. area and beyond. Artemis Fund III officially closed in…
2 days ago
