We’re on our way to ICSC Las Vegas for the 25th year!
“The data doesn’t reflect perhaps some of the more pessimistic or panicked views of some observers,” said Ian Anderson, CBRE‘s senior director of research and analysis, citing a strong residential housing market, ever-increasing regional mobility and a slowing of unemployment claims in the District.
People also continue to be out and about across the region. The mobility and visitation component of the index hit yet another post-pandemic high of 90.8, and Metro ridership has reached heights not seen since before Covid. Hotel occupancies are also marginally higher than last year, Anderson said.
The data shows a “great vibrancy in the indicator of the urban fabric of the streets and the corridors of Washington D.C., which shows things are far from declining,” he said.
A nuclear battery startup that’s already inked $60 million in federal contracts has just raised $50 million in a Series B round to start manufacturing and delivering its microwave-sized batteries by 2027.
Zeno Power, which has dual headquarters in D.C. and Seattle, disclosed the funding Wednesday.
It’s one of a handful of nuclear companies based in or around D.C. Originally, Bernstein, along with his two other co-founders Chief Technology Officer Jacob Matthews and COO Jonathan Segal started Zeno at Vanderbilt University’s innovation center in Nashville; Bernstein was a sophomore at the time.
But soon after starting the company, he said, they moved to D.C. because “we recognized that a lot of our customers, our supporters, were here, from the Department of Defense to the Department of Energy to NASA to Congress,” Bernstein said.
The firm has roughly 7,000 square feet near the Portrait Gallery in D.C.
Station D.C. says its will be a convening place for tech startup founders, policymakers and investors who are “advancing American national interests,” according to Executive Director James Barlia. He calls the venue, aiming for an August opening, a “speakeasy, Americana-style.”
“Both a senator in a pinstripe suit and a founder wearing a sweatshirt and sweatpants will feel very comfortable and at home meeting with each other there,” Barlia told me.
Station D.C. now has hundreds on a waitlist after surpassing its initial 500-member limit. Pricing for a D.C.-based tech founder starts at $500 annually, with costs for other groups, like nonprofits and corporations, starting at $1,500 and $2,500, respectively.
