News

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 …

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 …

DC-area firms pull in $3.8B in venture capital over 12 months in AI boom Local firms have welcomed $3.8 billion in venture capital funding over the past 12 month-period ending in June, according to data compiled by real estate firm CBRE. That’s $1.8 billion more than the previous 12-months period. “You’ve got this relatively stagnant …

DC Reveals Vision For RFK Campus With Up To 6,500 Homes The city on Tuesday released its draft master plan for the 180-acre campus along the Anacostia River, set to be anchored by a 70,000-seat stadium for the Washington Commanders. Three of the six districts — the Kingman Commons, the Riverfront District and the Plaza …

Netflix finalizes lease for downtown DC office with screening room and entertainment space Streaming giant Netflix Inc. has finalized a deal to lease space in downtown D.C. for an office and entertainment destination, which will host private screenings, receptions and premieres. The company last month inked a lease with a Douglas Development Corp. affiliate to …

Transportation Department invests $466M in Union Station repairs and upgrades DOT said the funding breaks down into three buckets: $277.8 million for stabilization and good repair work, including security system upgrades, mechanical systems and repair work; $100 million for interim renovation and modernization work, including reconfiguring the station’s concourse layout; and $88 million for subbasement …

DC-based Cava named No. 1 Brand of 2026 at Fast Casual Top 100 Gala Cava secured the top honors following a year of monumental growth, including a 22.5% revenue increase and reaching $1.1 billion in annual sales. While many competitors pivoted toward total automation, Cava was recognized for its “human-centered” strategy, prioritizing Mediterranean hospitality and …