Archive: December 30, 2007 - January 5, 2008

Real Estate

*Most houses have a lot more toys than they did a month ago. So where to put them? Many people are turning to playrooms to keep the rest of the house toy-free and their sanity intact. See story *The archtiect who oversaw the Capitol Visitor Center is selling his house...

By Terri Rupar | January 5, 2008; 1:31 PM ET | Comments (0)

Early Briefing: A Raise

*Under an order signed by President Bush, 336,000 federal employees in the Washington-Baltimore region will receive a 4.49 percent pay raise this year. The average is 3.5 percent. Our representatives in Congress will make $169,300, up from $165,200. Cabinet secretaries will make $191,300, up from $186,600. The vice president's salary...

By Terri Rupar | January 5, 2008; 5:00 AM ET | Comments (0)

Commercial Real Estate Update: Coffee Break in NoMa

A specialty coffee shop called Pound Coffee will soon start serving office workers and commuters in the District's burgeoning NoMA -- North of Massachusetts Avenue -- neighborhood. Khalil Ghannam, 45, plans to open his new café next month at 2nd and N Streets Northeast, just outside the New York Avenue...

By Mike Shepard | January 4, 2008; 4:30 PM ET | Comments (0)

Early Briefing: Pearlstein Doesn't Believe

*Columnist Steven Pearlstein just doesn't believe in a housing recovery. He also doesn't believe that the Washington area economy is recession-proof. See column *Due to the gloomy outlook for the county's finances, Montgomery County Executive Ike Leggett announced a hiring freeze on the 9,400-person workforce under his jurisdiction. Leggett's chief...

By Terri Rupar | January 4, 2008; 5:00 AM ET | Comments (0)

Early Briefing: Wanna Buy The Brooklyn Bridge?

Private firms increasingly see themselves as part of the solution for governments that are looking to complete or repair billion-dollar public works projects, such as the tunnel under the English Channel, but are facing declining tax revenues and a troubled municipal bond market. (Associated Press) *Carlyle Group of the...

By Terri Rupar | January 3, 2008; 5:00 AM ET | Comments (0)

Early Briefing: Private Equity Switches Gears

* The buyout boom is over, and private equity firms are retrenching. "The days of easy money -- buying something with a lot of leverage and flipping it in 18 months -- are over, Frederick Malek, founder of Thayer Capital, tells staff writer Thomas Heath today. Watch for such firms...

By Dan Beyers | January 2, 2008; 7:30 AM ET | Comments (0)

New Year's Eve Update: What Lies Ahead in 2008

The champagne is being chilled for tonight's toasts. Resolutions are being made for the new year. In Washington Business, we're spending the last day of 2007 by taking a look at what local companies in six key sectors could face over the next twelve months in a climate of...

By Mike Shepard | December 31, 2007; 2:04 AM ET | Comments (0)

 
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