News

Former Goldman bankers raise $15.5M for DC real estate startup Mogul Technologies Inc., a D.C. startup founded by former Goldman Sachs alums, is ramping up hiring to bring its residential real estate platform to more everyday investors after raising $15.5 million in outside funding. Draper Associates, the venture capital firm led by notable startup investor …

Major contract awarded for RFK campus project The Bowser administration is building the team that will deliver a long-planned 225,000-square-foot indoor sports complex at the evolving RFK campus. The sportsplex is billed as a premier indoor athletic facility that would support gymnastics, boxing, indoor track and field, as well as esports, according to DGS. “DGS’s …

DC strikes land swap deal to advance $500M wellness resort at Poplar Point The District has struck a tentative land swap deal with multiple parties, including the U.S. Navy and Park Police, to advance long-awaited plans for Poplar Point, including a $500 million wellness resort to be developed by Austria’s Therme Group. Also before the …

Howard, Catholic universities make big strides in U.S. News rankings Georgetown University is once again the region’s top-rated university, though the big mover among the top 100 was Howard University, which climbed 15 spots after dropping slightly last year. Catholic and Gallaudet were among the biggest movers in the overall rankings, with Catholic climbing 21 …

Federal government resumes DC metro hiring after months of cuts The U.S. government added more than 1,400 local jobs between May and July, according to the REVIVE Index, a monthly composite of more than 1,000 local economic data points sourced by CBRE. “The most important thing, without a doubt, is that the data shows the …

Keystone opens DC office; already needs more space The company occupies about 7,800 square feet at 1200 New Hampshire Ave. NW and needs to increase its footprint by another 25% — or 2,700 square feet — to accommodate its growing headcount, CEO Jeff Marowits said in a recent interview. Keystone has about 30 employees in …

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 …