DC News

Investor Makes DC Debut With All-Cash NoMa Buy A year after its founding, Turio Residential Co. has made its first D.C.-area acquisition. Philadelphia-based Turio Residential Co. paid $16M in cash for the 67-unit building at 1324 North Capitol St. NW in NoMa. The property had been operating as an extended-stay hotel since it delivered in …

Mayor Bowser Announces New Legislation to Cut Red Tape and Make It Easier to Do Business in the District Mayor Muriel Bowser announced two pieces of legislation designed to cut red tape for local businesses working with DC government. The Supporting Local Business Enterprises Amendment Act of 2026 aims to increase access to government opportunities for the …

DC-startup Emerald AI raises $22.7 million in new funding Emerald AI, a D.C. startup targeting the data center industry and backed by AI giant Nvidia Corp., has landed $22.7 million in new funding, according to a Securities and Exchange Commission filing. The company, founded by former Biden administration official Varun Sivaram, raised the funding from 20 investors. DC …

Niron Magnetics opens DC office Niron Magnetics, a Minneapolis company that makes magnets using U.S.-based raw materials, has opened a D.C. office to showcase how its products can reduce reliance on Chinese materials. The company leased 1,800 square feet at 801 17th St. NW, where it will house three full-time employees focused on government affairs …

DC lobbying shop Public Policy Holding Co. raises $51M in IPO, eyes M&A D.C.’s newest public company, Public Policy Holding Co., aims to continue its rapid clip of acquisitions, now armed with $50.8 million in fresh capital following an initial public offering … Like many government affairs, public relations and strategic communications firms, PPHC got …

DC startup Ressio raises $8.75M to expand AI tools for residential construction D.C. startup Ressio has raised $8.75 million in Series A funding to bring more AI-powered software tools to residential construction. “With this funding, we’re pouring gasoline on our rapid product development model that starts with direct customer input,” (CEO and cofounder, Mitchell) Kasselman …

The largest office-to-residential conversion in DC’s history breaks ground Office conversions have produced 1,900 residential units and 264 hotel rooms across 11 projects since 2024 … “The program is working, it’s gaining momentum, and we’re really excited about it,” Nina Albert, D.C.’s deputy mayor for economic development and planning, said at an event Thursday announcing …

Post Brothers Lands $465M To Kickstart D.C.’s Largest Housing Conversion The 1M SF project from Philadelphia-based Post Brothers is set to transform two mid-century Connecticut Avenue office buildings near Dupont Circle into 525 residential units … the project was one of the first three to receive D.C.’s 20-year tax abatement for downtown office-to-residential conversions. DC Council approves Soul of the City …

John Cena’s farewell at Capital One Arena breaks WWE’s all-time gate revenue record With an attendance of 19,232, John Cena’s farewell Saturday at Capital One Arena in D.C. generated the highest-grossing arena gate in WWE history, breaking the record set at Money in the Bank at the Intuit Dome in June in L.A., WWE said. …

It’s our last Capital Insights for 2025, see you all in the new year! Skanska Signs 3 Tenants At 17xM The Swedish developer signed architecture and design firm Corgan to 9,700 SF and the University of Michigan to 11,500 SF in the 17xM building at 1700 M St. NW. The third lease is for a …