Early Briefing: A New Big Giant

*A Giant is set to open on Alabama Avenue in Congress Heights on Friday, the only full-service supermarket in Ward 8 in Southeast and the first since a Safeway closed in 1998. It signals a new willingness to invest in the area east of the Anacostia River. See story

*No more liver and onions in D.C. Superior Court. But yesterday was the cafeteria's last day, after 30 years; it will be replaced with kiosks operated by the bakery chain Firehook. See story

*Mayor Fenty said the District plans to sublet a building in Southeast Washington that it had thought could be a new police headquarters.

* Fannie Mae of the District said its portfolio of mortgage assets expanded at a 17.3 percent annual rate last month, rising by $8.5 billion to $732.3 billion. Freddie Mac of McLean said last week that its portfolio declined at a 16.9 percent annual rate to $703.1 billion in October.

*Starwood Hotels and Resorts Worldwide plans to open one of its chic W hotels at what is now the historic Hotel Washington in the District. The property, across from the Treasury Department, would be Starwood's first W property in the District. It is set to open in 2009. There will be 317 rooms, a rooftop bar and terrace, and a restaurant.

*Millbrook Capital Management, a hedge fund seeking the breakup or sale of Brink's, said its chairman, John Dyson, is one of four candidates it plans to nominate for Brink's board.
Millbrook, the second-largest investor in Richmond-based Brink's, said it is trying to "fill major gaps in the experience and skill set" of the board at next year's election, without seeking to gain control, the statement said.

By Terri Rupar  |  December 1, 2007; 5:00 AM ET  | Category:  Morning Brief
Previous: Latest Leonsis Film Venture Picked for Sundance | Next: Early Briefing: A Woman Grabs The Wheel


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