Archive: September 2, 2007 - September 8, 2007

From Baltimore, McLean and Bluemont

The Real Estate section profiles Baltimore's Bolton Square townhouse complex; Bluemont, Va., in Loudoun County; and the Ashby at McLean apartment building....

By Terri Rupar | September 8, 2007; 3:58 PM ET | Comments (0)

Early Briefing

BearingPoint, the McLean -based management and technology consulting firm, said it has filed its 2007 first-quarter financial results, bringing the company one step closer to being up-to-date in its filings with the Securities and Exchange Commission. For more than a year, the company has not filed its financial results on...

By Terri Rupar | September 8, 2007; 5:00 AM ET | Comments (0)

Walker & Dunlop's Can't-Miss Reception

Walker & Dunlop, the Bethesda real estate firm and investment bank that has been a local fixture for decades, held a reception at the Metropolitan Club on Wednesday hosting more than 200 movers and shakers from the region's business, real estate and political worlds. The notables who dined on filet...

By Mike Shepard | September 7, 2007; 3:02 PM ET | Comments (0)

Carlyle Raises Money for Another Real Estate Fund

Carlyle Group, a District-based private equity firm, announced today that it has finished raising $3 billion from investors for its fifth U.S. Real Estate Fund, which invests in all types of real estate in major markets throughout the U.S. The company's other four real estate funds hold assets worth about...

By Mike Shepard | September 7, 2007; 12:40 PM ET | Comments (0)

American Capital Strategies Prices Stock Offering

American Capital Strategies added 1 million shares to the public stock offering it announced yesterday, and priced the stock at $39.40 a share, according to a company statement. The firm, which provides funding for small to mid-sized businesses, said it expects the offering of 6 million shares to close by...

By Mike Shepard | September 7, 2007; 10:28 AM ET | Comments (0)

Early Briefing 09.07.07

The percentage of mortgages entering foreclosure rose to a record level in the three months ended June 30, according to the Mortgage Bankers Association. But in Maryland, Virginia and the District, foreclosure starts have been significantly lower than the national average. See story Virginia joined Maryland in blocking Metro Dream...

By Terri Rupar | September 7, 2007; 5:00 AM ET | Comments (0)

American Capital Announces Stock Offering

American Capital Strategies, a Bethesda-based business development company, announced today an offering of five million shares of common stock. The firm, which provides funding for small to mid-sized businesses, said it will use the proceeds to reduce its debt and fund new investments. Citigroup Global Markets, UBS Securities and Wachovia...

By Mike Shepard | September 6, 2007; 6:50 PM ET | Comments (0)

Tishman Speyer Leases Herndon Building to VW

And the winner is ..... Tishman Speyer. The New York commercial real estate firm and owner of the iconic Rockefeller Center will be Volkswagen of America's new landlord when the automaker moves its North American headquarters from Auburn Hills, Mich. to Herndon. Tishman Speyer has leased its 185,000 square-foot Woodland...

By Mike Shepard | September 6, 2007; 1:41 PM ET | Comments (0)

Foreclosures in Region Are Below U.S. Average

While the percentage of mortgages entering foreclosure in the United States hit record levels in the second quarter, the picture was not quite as grim in the Washington area, according to a trade group's new survey. Nationwide, the study by the Mortgage Bankers Association found that 0.65 percent of 44...

By Mike Shepard | September 6, 2007; 1:32 PM ET | Comments (1)

Volkswagen Arrives Bearing Gifts

To lure Volkswagen of America to Herndon, Virginia Gov. Tim Kaine (D) worked for seven months and authorized $6 million in incentives. So when he arrived this morning for the formal announcement ceremony to talk about the importance of Volkswagen's move to Northern Virginia, he first stopped a quarter mile...

By Dan Beyers | September 6, 2007; 12:17 PM ET | Comments (0)

Early Briefing 09.06.07

* A judge ruled in favor of Kenneth Michael in a suit in which his business partner accused him of breach of contract. The partners had agreed that Gary Murray would get a 20-acre piece of a 381-acre development in Bowie, but Michael said he couldn't determine where the track...

By Terri Rupar | September 6, 2007; 5:00 AM ET | Comments (0)

Volkswagen Moves Headquarters To Herndon

Volkswagen of America plans to announce Thursday that it will move its headquarters to Herndon, as part of a new corporate strategy for revamping its sagging auto business. Stefan Jacoby, head of Volkswagen of America, said Northern Virginia's schools and skilled workforce were factors in choosing a headquarters. (By Jahi...

By Dan Beyers | September 5, 2007; 9:00 PM ET | Comments (0)

AOL Software to Help Redskins Fans Connect

The Washington Redskins have turned to AOL for a little help in tapping the social networking phenomenon that's sweeping the Internet -- just in time for this Sunday's kickoff against Miami. Under an agreement announcd this afternoon, AOL will operate a service called Redskins Connect on the team's official Web...

By Mike Shepard | September 5, 2007; 8:19 PM ET | Comments (0)

Early Briefing 09.05.07

* Columnist Steve Pearlstein looks at Carlyle's struggle to set up an hedge fund and take it public in the European market. "Suddenly," he writes, "instead of scouring the world for promising but undiscovered companies to buy and retool -- its core business -- Carlyle found itself scouring the world...

By Terri Rupar | September 5, 2007; 5:00 AM ET | Comments (0)

Exec Director Departs Greater Washington Initiative

Tim Priest, the executive director of the Greater Washington Initiative, announced yesterday that he is stepping down after nine years with the marketing affiliate of the Greater Washington Board of Trade. Priest is scheduled to leave Sept. 14 to become chief executive of a similar group in Oregon called Greenlight...

By Dan Beyers | September 4, 2007; 6:37 PM ET | Comments (0)

Discovery Hires National Geographic Executive

Discovery Communications announced today that John Ford will be returning to the Silver Spring cable media company to run its Military and Discovery Times channels. (See Discovery's statement.) Ford has spent the past four years working as a programming executive at the National Geographic Channel, where he helped boost prime-time...

By Mike Shepard | September 4, 2007; 4:00 PM ET | Comments (0)

Celera Announces Deal For Berkeley HeartLab

Celera of Rockville announced this morning that it plans to buy to Berkeley HeartLab, Inc., a privately held cardiovascular healthcare company that provides tests and disease management services. The company will pay about $195 million in cash, minus certain transaction costs. Berkeley HeartLab says it provides physicians and patients with...

By Dan Beyers | September 4, 2007; 7:49 AM ET | Comments (0)

The Early Briefing 09.04.07

It's hard to get back to work after a glorious weekend like we just enjoyed, but we'll try. The Watergate Hotel is to sell everything to prepare for face-lift. (Gerald Martineau - The Washington Post) * The Watergate Hotel has long been more of a famous name than a five-star...

By Dan Beyers | September 4, 2007; 6:38 AM ET | Comments (0)

In the Sunday Paper

There are plenty of ways to avoid foreclosure, but it's up to the homeowner to figure it out. The Sunday Business section has some strategies. See story Census figures confirmed it: We're smart. William Frey from Brookings says the Washington region is the "egghead capital," and the numbers show median...

By Terri Rupar | September 2, 2007; 5:00 AM ET | Comments (0)

 
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