REI to open flagship store at Uline Arena

Posted by Juline Kaleyias on

The site of the Beatles’ first U.S. concert is about to become a destination for the District’s climbers, campers and cyclists.

REI, the specialty outdoors retailer, on Wednesday announced plans to open a sprawling store inside Uline Arena in the District’s NoMa neighborhood. The 51,000-square-foot location is scheduled to open in late 2016. It will be the company’s fifth flagship store and its first in the District.

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Douglas Taps United Bank, EB-5 To Finance Spec Office Project

Posted by Juline Kaleyias on

A veteran Washington, D.C., developer has raised financing for a speculative office building project near Ford’s Theater with a $44.5 million construction loan and $9 million obtained through a federal program that allots visas to foreigners who invest in U.S. development projects.

Douglas Development Corp. has already started building the 93,000 square foot tower at 1000 F Street. The building is considered speculative because Douglas is moving ahead with very little preleasing.

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Immigrant Investors: A New Source of Real Estate Capital

Posted by Juline Kaleyias on

When the Athia family arrived in Washington, D.C., during the 1990s, they gained entrée to the local motel industry through connections from their native India. What began for them as front desk check-ins and the cleaning of motel rooms in suburban Maryland has grown into Baywood Hotels, a successful family-run hospitality development firm that has completed more than 70 hotels nationwide.

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Marriott Marquis Washington, DC Now Accepting Applications for Hundreds of Job Opportunities

Posted by Juline Kaleyias on

The Marriott Marquis in Washington, DC, the city’s soon-to-be-largest hotel, has officially started accepting applications for hourly employees as of Thursday, February 20. Opening on May 1, over the course of the year Marriott Marquis Washington, DC will provide hundreds of job opportunities, in housekeeping and front office, culinary, restaurants, engineering, loss prevention, and more.

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