Capital Insights: August 31, 2026

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 on Friday inked a deal to lease much of a 231,000-square-foot office building near Union Station, where it plans to combine its multiple D.C. offices under one roof, the company confirmed Monday.

“This move reflects our commitment to working constructively with the government and our long-term investment in the DC community,” John Connell, Google’s vice president of government affairs and public policy for the U.S. and Canada, said in a statement.

“We are proud to welcome Google to 500 North Capitol,” Saara Brown, BXP’s vice president of leasing, said in a statement.

Emerald AI has raised $150 million in an oversubscribed Series A financing at a valuation of $1.05 billion.

“We founded Emerald AI on the conviction that the intelligence driving the AI revolution could solve its own greatest bottleneck: power,” said Emerald AI Founder and CEO Dr. Varun Sivaram.

In-Rel Properties, a Florida-based commercial real estate investor, announced Tuesday it’s planning a “comprehensive redevelopment” and expansion of 2033 K Street NW, a 1975-office it acquired last year for only $20.5 million.

Sheppard, a law firm with 16 U.S. and international offices, on Friday inked a prelease for 107,227 square feet, taking floors six through the penthouse of the future office, according to In-Rel CEO Jackson Siegal.

“This new home will give us a modern, efficient workplace designed to support our clients, our people and our evolution as a firm,” Luca Salvi, chair of Sheppard, said in a statement.

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