News

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 …

Tidal Force VR exploring DC expansion Immersive virtual reality experience Tidal Force VR says it is looking at D.C. for its next outpost. The New York company, which has spaces in Manhattan’s Flatiron District and Philadelphia’s Center City, said Monday it is “actively exploring” D.C. for its next phase of expansion. “Washington, D.C. stands out as …

OpenAI reveals details on DC office expansion at WDCEP Annual Meeting OpenAI has shared more details on who and what will occupy its new 14,500-square-foot office at The Gallup Building in Penn Quarter. Chan Park, head of global affairs for the ChatGPT maker and the D.C. office lead, said the AI giant will soon move from …

Investor Makes DC Debut With All-Cash NoMa Buy A year after its founding, Turio Residential Co. has made its first D.C.-area acquisition. Philadelphia-based Turio Residential Co. paid $16M in cash for the 67-unit building at 1324 North Capitol St. NW in NoMa. The property had been operating as an extended-stay hotel since it delivered in …