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Covington & Burling commits to CityCenter DC
From feeds.washingtonpost Covington & Burling, one of the cityas largest and most prestigious law firms, has signed a letter of intent to move its global headquarters from Pennsylvania Avenue to CityCenter DC, developers of the $950 million project confirmed Wednesday. D.C. starts over with Hill East development
From feeds.washingtonpost D.C. Mayor Vincent Grayas economic development team has decided to restart the development process for Hill East after the economic crisis hampered an earlier attempt by his predecessor, Adrian Fenty. DOJ ends investigation of Cardinal Bank
From feeds.washingtonpost The Justice Department has ended a 10-month investigation into lending discrimination claims at Cardinal Bank in McLean, according to a Securities and Exchange Commission filing issued Monday. Cardinal, a $2.6 billion-asset bank with 27 branches primarily in Northern Virginia, was accused of failing to serve minority communities equitably following its 2004 acquisition of George Mason Mortgage. The Justice Department informed the bank on May 11 that it had concluded its review and had no intentions of filing a lawsuit. Refinancing deal struck for Rosslyn office buildings
From feeds.washingtonpost Monday Properties has landed a $238 million financing package for six Rosslyn office buildings from Starwood Property Trust, a real estate investment trust. The buildings are part of a 3 million-square-foot commercial portfolio that Monday Properties owns with Goldman Sachs, after Goldman acquired a 78.5 percent stake in the portfolio last November. Your sketches for the Washington skyline
From feeds.washingtonpost In this weekas Capital Business, we asked local architects to show us what theyad do with the FBIas Hoover building if they could remake it without heeding any restrictions, even the 1910 Height Act. Now itas your turn: Reimagine the Washington skyline or a notable D.C. building. Make a drawing (see below) and submit it to us by emailing it to tellus@washingtonpost.com, tweet it to us at @CapitalBiz, or post it on our Facebook page. Weall feature some of the best entries. The company formerly known as Clearspring
From feeds.washingtonpost McLean-based Clearspring will change its corporate moniker to AddThis, the company announced today, in an effort to focus its brand around a Web widget of the same name that allows people to share Internet content on their social networks. GlaxoSmithKline appeals directly to Human Genome Sciences shareholders in buyout dispute
From feeds.washingtonpost British drugmaker GlaxoSmithKline said Wednesday it will no longer wait for Human Genome Sciences to consider an acquisition offer and instead appeal directly to the Rockville firmas shareholders to accept its $13-per-share asking price. Luxury movie operator Silverspot signs on at Rock Spring Centre
From feeds.washingtonpost Movie theater operator Silverspot has signed on as the anchor tenant at Rock Spring Centre, a 1 million square foot town center project in Bethesda, according to developer The Peterson Cos. Silverspot, a division of Venezuelan Cines Unidos, will operate a 12-screen theater featuring independent and foreign films as well as first-run blockbusters. The theater will come complete with a full-service cafe and bar as well as a lounge area. Anthony Lanieras EastBanc comes to U Street, H Street
From feeds.washingtonpost Choose at random a storefront or luxury condo building along M Street or Wisconsin Avenue in Georgetown and there is a decent chance Anthony Lanier developed, leased or owned it. No one has had a larger hand in shaping the neighborhoodas commercial corridors than the design-focused developer with a silky gray head of hair and an Austrian accent. GTSI to be acquired by Unicom Systems
From feeds.washingtonpost Herndon-based GTSI said today it will be acquired by an affiliate of California-based IT company Unicom Systems for about $76.7 million. The news comes as GTSI is still struggling to recover from a decision by the Small Business Administration to temporarily suspend it from contracts. In 2011, the company a which resells computer hardware and software and provides related services a said its sales dropped nearly 47 percent from the previous year. DigitalGlobe rejects $792 million buyout offer from Herndon-based GeoEye
From feeds.washingtonpost DigitalGlobe has rejected a $792 million buyout offer that Herndon-based competitor GeoEye put forth on Friday, after a weekend of negotiations that included a potential deal in which GeoEye would be the acquired company. WashingtonFirst to acquire Alliance Bank
From feeds.washingtonpost Reston-based WashingtonFirst Bank announced Thursday that it has entered into an agreement to acquire Alliance Bank of Chantilly for $24.4 million, nearly six months after EagleBank walked away from a deal to purchase Alliance. Maryland becomes first state to prohibit employers from asking for Facebook logins
From feeds.washingtonpost Maryland Gov. Martin OaMalley has signed legislation banning employers in the state from requiring workers and prospective employees to disclose their user names and passwords to Facebook, Twitter and other personal social media accounts. Rockville-based Supernus Pharmaceuticals collects $50M in IPO
From feeds.washingtonpost Rockville-based Supernus Pharmaceuticals raised $50 million in its initial public offering on Tuesday after selling 10 million shares of the biotechnology company at $5 a piece. Supernus develops drugs to treat central nervous system disorders, including epilepsy, attention-deficit hyperactivity disorder and depression. Regulators turn HarVest Bankas deposits over to Sonabank
From feeds.washingtonpost Regulators on Friday seized HarVest Bank of Maryland and turned over its deposits to McLean-based Sonabank, ending the Gaithersburg institutionas two-year struggle to raise capital. The Federal Deposit Insurance Corp. entered into an agreement with Sonabank to assume HarVestas $145.5 million in deposits and four branches. The locations will reopen on Monday as Sonabank, which will now have more than $610 million in deposits on hand. Bank capital rules: one step at a time
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