News

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 …

DC energy entrepreneur Davor Kapelina secures nearly $40M for latest energy innovation company Davor Kapelina, the entrepreneur behind several D.C.-area energy and technology companies, has secured $39.1 million for his next act. CXI Holdings Inc., located in Golden Triangle, raised the money from five undisclosed investors, according to a recent Securities and Exchange Commission filing. It is …