In this month’s Board Spotlight, we’re proud to share words of wisdom from James Lerner, President of Gelberg Signs, a member of WDCEP’s Board of Directors. Lerner grew up in New Zealand and came to the United States through his career. Just over three years ago, he acquired Gelberg Signs, a Washington, DC sign manufacturer …
Keystone opens DC office; already needs more space The company occupies about 7,800 square feet at 1200 New Hampshire Ave. NW and needs to increase its footprint by another 25% — or 2,700 square feet — to accommodate its growing headcount, CEO Jeff Marowits said in a recent interview. Keystone has about 30 employees in …
DC’s Awani Capital raises $588 million for inaugural fund Awani Capital Management LP, headed by Daphne Dufresne, has secured $558 million from at least 29 investors for Awani Capital Fund LP, according to a recent Securities and Exchange Commission filing. Awani Capital is located at 3400 Idaho Ave. NW and has nine employees. Google leases …
DC’s Office Market Is Getting A Makeover More than $210M has been spent across 10 renovation projects in D.C.’s commercial core since 2022, according to CBRE. “There’s too much commodity office, but that doesn’t mean there’s too much good office,” Garfield Investments CEO John Mason said. “There’s unequivocal momentum for both of those scenarios, and …
Commanders select Clark, Mortenson, Smoot for $3.8B stadium McLean-based Clark Construction Group, Minneapolis-based Mortenson Co. and D.C.-based Smoot Construction Co. will lead construction of the 1.8-million-square-foot, 70,000-seat stadium, the Commanders announced Tuesday. Site work began in June, led by the same trio, and construction is anticipated to begin in spring 2027, the team said in …
Passion F&B to open Trèsind, Revelry in downtown DC Passion F&B, led by founder and Managing Director Bhupender Nath, inked a deal within the past week for about 9,000 square feet in the Homer Building at 601 13th St. NW for a new iteration of Trèsind, its fine-dining restaurant featuring modern Indian cuisine, and Revelry, …
Downsizing the federal government could open up a whole new neighborhood in D.C. The federal government’s plan to shrink its footprint could create a new neighborhood between the National Mall and the Wharf. The federal Public Buildings Reform Board is eyeing 20-plus properties in the DMV to consolidate or let go, the Washington Post reported. “This …
Capitol Meridian Partners closes $1.9B fund, eyes DC-area investment deals D.C. private equity firm Capitol Meridian Partners plans to deploy the majority of its just-closed $1.9 billion fund to Greater Washington companies serving the national security, defense and commercial aviation sectors. … the company plans to cut about 10 checks that’ll range between $50 million …
In this installment of Executive Insights, we speak with Ousmane Conde, founder and CEO of WODI Money Inc., a global neobanking platform bringing unbanked people into the global economy — turning corner stores into bank branches and phone numbers into payment addresses. With more than two million users and 10,000+ agents across 40+ countries, WODI …
DC Council to consider $620M deal for Audi Field roof, new seats The D.C. Council will consider a $620 million public-private partnership with D.C. United that would put a roof on Audi Field and expand the stadium’s seating capacity to host more than 100 new events each year. “We want to grow it,” D.C. United …
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