News

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 …

DC’s Vanda Pharmaceuticals launches first new prescription motion sickness drug in decades Vanda Pharmaceuticals Inc.’s motion sickness drug has finally hit the market. The D.C. biopharma said Monday that the drug, Nereus, is now available to the tens of millions of U.S. patients who experience vomiting from motion sickness. The news sent shares of Vanda …

Boston developer expands Georgetown footprint Boston-based AGEM Property has acquired a pair of Georgetown properties in the heart of M Street NW …  at 3130–3132 M St. NW from Westdeutscher Rundfunk, or WDR, and Norddeutscher Rundfunk, or NDR, for $10.5 million, according to D.C.’s Recorder of Deeds. The properties’ combined 2026 assessed value is $6 …

EV-maker Rivian to open showroom in downtown DC Electric vehicle maker Rivian Automotive Inc. is opening a showcase center at 1100 New York Ave. NW near CityCenterDC this fall. Beau Whiteman, a D.C.-based senior policy adviser at Rivian …  said the new location, which spans 4,233 square feet, is as much a marketing play for the …

DC startups raised nearly $950M in Q1 2026 Companies in the DMV collectively raised close to a billion dollars in the first quarter of 2026, nearly half the totals of last year’s record-breaking third and fourth quarters.  What remains true: A relatively small handful of companies are nabbing those funds. Private companies in the region …