News

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 …

DC startup Helmet Security emerges with $9M to monitor agentic AI tools D.C. startup Helmet Security Inc. has emerged from stealth with $9 million in funding to scale a product that prevents AI tools from going rogue. CEO Fred Kneip and Chief Technology Officer Kaushik Shanadi founded Helmet Security in May to help companies understand …

Industrious brings new coworking concept to DC’s Metropolitan Square The agreement will see Industrious move into 29,377 square feet previously occupied by WeWork at Artemis Real Estate Partners’ Metropolitan Square, located at 655 15th St. NW. It will provide Industrious members access to 258 office seats and 64 nondesk seats. The company expects to open the …

Plug and Play Expands to Washington, D.C. to Accelerate Collaboration between Government Agencies and Startups Plug and Play, the world’s largest innovation platform and early-stage venture capital firm, today announced its official expansion into Washington, D.C. through a new partnership with Consortium Management Group, Inc. (CMG). “Plug and Play is proud to partner with CMG …

Communications Firm Grows Office With Move From L To K Street Communications and digital marketing agency Rational 360 is expanding its footprint while relocating its headquarters within Downtown D.C. The deal reflects the firm’s growth over the past five years, during which it expanded its employee base from around 35 to 100, and its desire to be …

DC startup Luminos raises $7.75M to tackle AI regulatory compliance A regulatory compliance market for AI tools is emerging, and a D.C. startup is looking to snag its place within it following $7.75 million in new funding … A 2025 report from San Francisco market research firm Grand View Research estimates the AI regulatory compliance …

Netflix Looks To Open Offices At DC’s Woodies Building In a move that bridges entertainment, tech and downtown DC real estate, Netflix is looking to take space at the landmark Woodies Building.  The space at the southwest corner of 1025 F Street NW (map) will be tailored to the company’s unique operations and brand: a …

DC Developments Produce The Best Returns For BXP The Boston-based REIT achieves a higher rate of return on buildings it delivers in the D.C. area than it does in its five other markets, Piper Sandler analysts said in a report this month on the D.C. market.  The report says BXP’s D.C. developments consistently deliver 8%-plus returns over time. Piper Sandler Managing …

AI Firm CoreWeave Expands D.C. Office By 79% 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 …