News

Social Sports Concept Ballers Raises $20M, Eyes DC Expansion Ballers, a sports venue and exclusive members’ club, has closed on $20M of funding and plans to open more than 50 locations within the next 10 years. The funding comes as Ballers is slated to open its 55K SF Philadelphia flagship in July and a 30K SF location …

DC pays off Wharf bonds 15 years early D.C. officials say they have paid off $198 million in bonds used to finance infrastructure at the project, including the new sea wall. The city made the final payment June 1 — 15 years before the bonds were set to mature. The bonds were a form of …

Mayor Bowser Presents Fiscal Year 2026 Budget: Grow DC “With this budget, we’re not waiting for change to happen – we’re making change happen. The Growth Agenda is about creating jobs for DC residents and generating the economic activity we need to keep DC a world-class city,” said Mayor Bowser. “This budget acknowledges the challenges …

WDCEP Heads to ICSC Las Vegas 2025 We’re on our way to ICSC Las Vegas for the 25th year! Greater Washington’s economy shows bright spots amid federal contraction “The data doesn’t reflect perhaps some of the more pessimistic or panicked views of some observers,” said Ian Anderson, CBRE‘s senior director of research and analysis, citing a …

Mayor Bowser Unveils Transformational Growth Agenda for a Stronger DC Two weeks in a row with huge news for the District! “I want Washingtonians to know that this growth agenda is about our future. In FY26, we’re not standing still; we’re being bold and making catalytic investments that will bring new jobs and new revenue …

Mayor Bowser and Washington Commanders Announce Historic Deal to Bring the Team Home It’s the biggest economic news of the week. “We are thrilled to welcome the Commanders back home to the Sports Capital. We said that we could do it all – Commanders, housing, park space, recreation, retail, entertainment and more – and, together, …

BXP’s New Downtown Office Project Hits 87% Preleased With 126K SF Law Firm Deal The latest lease brings the project to 87% preleased before it has even started construction, a sign of the high demand for increasingly scarce large blocks of trophy office space in D.C Proposed development plan for Deanwood Metro station unveiled Washington Metro …

Mayor Bowser Delivers on Promise to Open New, Full-Service Hospital East of the River The $434.4 million public-private partnership project spans 406,000 square feet on the historic St. Elizabeths East campus in Ward 8. A full-service facility, Cedar Hill contains 136 beds (with the capacity to expand to 184), trauma care, and a 54-bay emergency …

DC venture firm Construct Capital raises another $300M fund It’s always great to see DC company grow and reinvest in our city. Congratulations to Construct Capital! Construct Capital announced Monday they have raised a $300 million fund to back early-stage technology startups. They are primarily targeting software companies operating in the logistics, manufacturing and transportation sectors. …