CoreWeave inked a 22,590 SF lease at Nuveen’s 1001 Pennsylvania Ave. NW, expanding its footprint by 79%, according to a third-quarter JLL report.
CoreWeave was included in JLL’s report in a section highlighting tenants maintaining and growing their footprints in D.C. It shows that during the third quarter, 68% of tenants that signed leases of more than 10K SF grew their footprints.
This one is especially important to the Partnership. We have been working with IKEA for nearly a decade to identify the right opportunity in the District.
The Swedish home furnishings company has leased 7,049 square feet at 3307 M St. NW, a 19,600-square-foot building shared by other tenants including Brandy Melville and Tesla.
The Georgetown store is slated to open Nov. 5.
It’s the latest brand name to sign on for space in Georgetown, where search engine Google has claimed space nearby at 3235 M St. NW.
The billion-dollar foundation launched by eBay’s first president will move its headquarters from Northern California to the District in 2026.
The Skoll Foundation, founded by billionaire Jeff Skoll in 1999 “to build a sustainable world of peace and prosperity for all,” on Thursday announced plans to uproot from Palo Alto by next summer, to bring its offices “closer to our global work, many of our grantees, and to the Skoll World Forum,” CEO Marla Blow wrote in the update.
“Major institutions based in DC create opportunities for us to convene regularly for important discussions that relate directly to our work,” Blow wrote in the post, shared on LinkedIn. “It also positions us to work with the public sector, including policymakers, multilateral organizations, and NGOs, which serve as key decision-makers for social entrepreneurs.”
Roughly $1.9 billion across 80 deals poured into companies in the D.C. metropolitan statistical area in the third quarter, roughly triple the value in each of the first two periods of this year, PitchBook found. The total raised represents a more than 200% jump over the third quarter of 2024, when there were 68 deals with a cumulative value of $615.5 million. The number of companies that closed funding rounds was also higher than in any quarter over the previous 12 months. This was the first time VC investment topped $1 billion in the region in two years, fueled by occurrences such as McLean digital identity firm ID.me raising a whopping $340 million at a valuation of more than $2 billion.
Major venture capital firms and tech companies are planting new offices in downtown D.C.’s Golden Triangle, a shift the neighborhood’s business improvement district is using to brand itself as a hub for innovation
The area has attracted Andreessen Horowitz, The Westly Group, Gainwell Technologies and ServiceNow are some of the most recent investment and tech firms to open offices within Penn West, adding to a growing roster of tech tenants across 17th, 19th and K streets.
Block, a publicly traded tech services giant, is opening an office near the McPherson Square Metro station.
The Oakland, California-based company, which owns platforms like Square, Cash App and Afterpay, is taking 8K SF at Marx Realty’s The Herald building at 1307 New York Ave. NW …
A D.C. public affairs firm that has grown rapidly through acquisitions over the past decade is planning to go public in the U.S.
Public Policy Holding Co. Inc., whose shares already trade on the London Stock Exchange, intends to use the proceeds from an initial public offering “for general corporate purposes, potentially including future acquisitions of new portfolio companies,” the company said in a Securities and Exchange Commission filing Friday.\
PPHC was co-founded by longtime D.C.-area public affairs executive Stewart Hall, its current CEO, was incorporated in 2014 and went public on the Alternative Investment Market of the London Stock Exchange in 2021.
Three of PPHC’s D.C.-based subsidiaries are among the top 20 lobbying firms by income in Greater Washington, according to Business Journal research. Forbes Tate Partners is No. 8, Crossroads Strategies LLC No. 12 and the Alpine Group is No. 18, recording a combined $70 million in lobbying income last year.