- Phil Mendelson restores some, but not all, streetcar and solar funding
For the first vote on DC’s budget on May 30, DC Council Chairman Phil Mendelson slashed streetcar funding and a program that provides incentives for more solar power in DC. The budget lacked money necessary to extend the streetcar to Benning Road, never mind downtown. Now, he’s proposing to bring back some but not all
- 2017 Fast 50: Universal Engineering Sciences Inc.
Universal Engineering Sciences Inc. is an Orlando-based engineering firm specializing in geotechnical engineering, construction materials testing, threshold inspection, environmental sciences and building code compliance services.
- Lourdes Alatriste returns to Engel & Völkers Miami as partner
Lourdes Alatriste Lourdes Alatriste is back at Engel & Völkers. Alatriste, a top producer at One Sotheby’s International Realty, left the brokerage to return to Engel & Völkers Miami as a partner and private office adviser, she told The Real Deal. She was at Sotheby’s as executive director of international real estate since
- Investment Adviser Ditches Park Avenue Digs for Lexington Avenue Address
Peconic Partners, an investment adviser and management company, has signed an 8,623-square-foot lease for 10 years at Boston Properties’ 599 Lexington Avenue, according to the landlord’s broker, CBRE. The financial consulting firm will occupy the entire 46th floor of the 47-story building between East 52nd and East 53rd Streets. The
- Harry Warner estate and fictional OJ Simpson home gets $5M price chop
Cuba Gooding Jr. as OJ Simpson and the home on Woodland Drive (Credit: Inset courtesy of 20th Century Fox, Zillow) Even a starring role as O.J. Simpson’s house on “The People vs. O.J. Simpson: American Crime Story” couldn’t help this home find a buyer. The former Harry Warner Estate in Beverly
- Joe Sullivan, Kevin Plank among 150 CEOs pledging to improve workplace diversity and inclusion
Legg Mason Inc. CEO Joseph A. Sullivan and Under Armour Inc. CEO Kevin Plank are among the Greater Baltimore business leaders that have joined an initiative signed onto by more than 150 CEOs nationwide to promote workplace diversity and inclusion. The CEOs who signed onto the commitment, formed by a
- Affordable housing developers count on government — Ron Moelis counts on Alicia Glen
Affordable housing developers count on government — Ron Moelis counts onAlicia Glen Emails obtained by Crain’s highlight close relationship between Deputy Mayor and L+M Development Partners co-founder June 12, 2017 01:25PM From left: Rendering of Essex Crossing, Alicia Glen and Ron Moelis When New York City’s Deputy Mayor Alicia Glen
- Pulse nightclub owner shares her journey to healing through new Orlando memorial
Though Barbara Poma considered herself a business owner of the nightclub before that horrific night on June 12, 2016, she also considered the workers family members. Here’s a look at her journey in the past year.
- ‘Wonder Woman’ wraps up ‘The Mummy’ at the weekend box office
Tom Cruise was no match for Princess Diana’s bullet-deflecting bracelets and Lasso of Truth at the domestic box office this weekend. “Wonder Woman” topped ticket sales for the second weekend in a row with an estimated $57.2 million, while Universal’s reboot of “The Mummy” starring Cruise trailed by almost $25
- WeddingWire says it’s made it easier to employ Snapchat for your big day
Chevy Chase-based WeddingWire Inc. has entered a partnership with social media giant Snapchat that it believes will make it easier for couples to create custom geofilters for their big day. The partnership will expand upon a service the wedding marketplace company has offered for roughly the past year. According to
- Boca Raton resident charged with alleged participation in a $63 million Medicare fraud scheme
An indictment alleges that Samuel Konell accepted kickbacks in exchange for referring Medicare beneficiaries for mental health services they did not receive.
- 2017 Fast 50: Dusobox Corp.
Orlando-based Dusobox Corp. is a designer and maker of retail and display packaging for huge clients, such as Amazon.com Inc., Publix Super Markets Inc., L’Oréal Group and Revlon Inc.
- Movement to let fans pour their own beers at sports venues goes flat
It’s getting close to last call for one self-serve beer system in place at sports facilities. Two years ago, DraftServ, a portable self-serve beer kiosk allowing fans to pour their own beers measured by the ounce, was the hot gadget in sports. Multiple concessionaires tested the system to help reduce
- Kash Group, Shel Capital to buy Morgans Hotel in Manhattan for $41M
Real estate investment firms The Kash Group and Shel Capital are in contract to acquire the 117-key Morgans Hotel in Murray Hill. Photo via Morgans Hotel Group website The 17-story property, located at 237 Madison Avenue, was bought for $41 million, according to the Real Deal. The joint venture plans
- Uber adds a board member as Kalanick’s fate remains in doubt
Uber chief executive Travis Kalanick. (Reuters, CBS, Handout) The Uber board’s drive to pull one of Silicon Valley’s most closely watched companies out of its months-long nosedive moved ahead on Monday, with the departure of a controversial top executive and the addition of a new outside director amid the fallout
- Miami Dolphins lineman Jermon Bushrod buys Davie manse for $1.8M
Bushrod re-signed with Miami in the offseason Miami Dolphins offensive lineman Jermon Bushrod, an offensive guard who joined the team before the 2016 season, purchased an 8,000-square-foot home in Davie with his wife, Jessica, for $1.785 million, reports the South Florida Business Journal. The modern residence was remodeled in 2017
- 2017 Fast 50: FBC Mortgage LLC
Orlando-based mortgage firm FBC Mortgage LLC works to develop and maintain relationships with key homebuilders and Realtors, as well as current and past customers.
- Lockheed Martin, MES Simulation land local contracts totaling $101.5M
Two defense firms with offices in Central Florida landed contracts totaling $101.5 million — deals that may lead to job growth and supplier opportunities, according to a report from the U.S Department of Defense. Bethesda, Md.-based Lockheed Martin Corp.’s Rotary & Mission Systems division in Orlando, won a $59 million
- Despite retail’s demise, new store construction continues across the US
Miami Worldcenter construction site. Inset: Nitin Motwani From TRD New York: Consumers are turning away from bricks and mortar shops in droves, but developers are continuing to build retail space across the United States. In Miami, buying power per square foot of retail space declined 12 percent from 2000 through
- eMerge: Why Sprint’s CEO is betting big on Jay Z’s music platform Tidal
When the United States government intervened in Sprint’s attempt to buy out competitor T-Mobile in 2012, it threw a wrench in Sprint’s plan to gain a competitive edge in what its CEO Marcelo Claure calls a game of scale. Today, the Kansas-based telecom giant is rumored to be revisiting the
- Extell’s condo project at 1010 Park can launch sales with $248M price tag
Extell’s condo project at 1010 Park can launch sales with $248M price tag AG approved proposed building at Upper East Side church site in May Rendering of 1010 Park Avenue and Gary Barnett A couple years after it was initially slated for demolition, an Upper East Side rectory is a
- National Real Estate Cheat Sheet: Home flipping loans hit 9-year high, rents drop in San Francisco … & more
From TRD New York: Loans for home flipping hit nine-year high Did anyone say bubble? Eight years ago, many bankers would have been worried about the prospect of home-flipping loans approaching the volume that they reached before the 2008 crash. And…that’s what’s happened. They’re currently at a nine-year high, according
- Why the DC Area Needs 127,000 More Apartments in the Next 13 Years
Between the aging population, immigration and people opting (or needing) to delay purchasing homes, the DC area will need to construct over 127,000 more apartments to satisfy growing demand. Keep reading »
- 2017 Fast 50: Findsome & Winmore
Findsome & Winmore says its growth is due to having a committed team that shows up and aspires to great work, along with a trusting client base that’s open to new ideas.
- Rezoning could be boon for East Harlem landlords
The city’s bid to rezone a large chunk of Harlem will increase the development potential of at least 50 properties owned by a motley collection of landlords—some of whom may be less than… To view the full story, click the title link.