The Business Journals

WeddingWire to get a new majority owner

WeddingWire to get a new majority owner

Chevy Chase-based Wedding Wire Inc. has a new owner.A company backed by Permira, a global private equity firm, will invest $350 million in WeddingWire, becoming its majority shareholder once the deal
2U hires COO, will sell $300M in common stock as its share price contines to soar

2U hires COO, will sell $300M in common stock as its share price contines to soar

Key story highlights:2U has hired Mark Chernis as its chief operating officer Chernis founded SchoolNet, which was later acquired by Pearson 2U will also sell $300M in common stock, which it could use
Memorial Bridge overhaul will be painful, but not endless. Here's when it will hopefully all be over.

Memorial Bridge overhaul will be painful, but not endless. Here's when it will hopefully all be over.

Key story highlights:Arlington Memorial Bridge overhaul expected to start in September and take two years. A new design has been unveiled for the replacement bascule span. Lane and sidewalk closures
D.C. agency that's worked with Google and ‘Shark Tank’ launches startup of its own

D.C. agency that's worked with Google and ‘Shark Tank’ launches startup of its own

The Gauge co-founders have invested $250,000 into their app, with plans to raise a $1 million seed round in the fall.
ComScore knocks down another obstacle, this time a lawsuit from a much larger rival

ComScore knocks down another obstacle, this time a lawsuit from a much larger rival

Key story highlights:Nielsen's lawsuit was officially dismissed May 10. The two companies are likely in arbitration. Court transcripts show there might be restrictions on comScore's Extended TV
4 things to watch in the LaSalle-Blackstone-Pebblebrook love triangle

4 things to watch in the LaSalle-Blackstone-Pebblebrook love triangle

The private equity giant’s deal to buy LaSalle Hotel Properties will have many watching the transaction for insight into the lodging REIT space.
Maryland Commerce Department's Preakness guest list included Amazon exec

Maryland Commerce Department's Preakness guest list included Amazon exec

More than 134,000 people braved soggy conditions at Pimlico Race Course on Saturday for the 143rd running of the Preakness, watching Justify continue to his quest to become horse racing's next Triple
How D.C. developers are upping their design game on trophy buildings

How D.C. developers are upping their design game on trophy buildings

Some developers, like Akridge, are sending executives to all corners of the world in areas such as Portugal, Greece and Japan to look at the latest designs.
Here’s the most surprising thing about the deal to buy Polaris Alpha

Here’s the most surprising thing about the deal to buy Polaris Alpha

Polaris Alpha had a well-earned reputation in Greater Washington government contracting merger-and-acquisition circles as a buyer, not as a company being bought.
Home of the Day: Gorgeous New Construction

Home of the Day: Gorgeous New Construction

By Elizabeth Lucchesi, Real Estate AgentHome of the Day is presented by the Washington Business Journal with Long & Foster Real Estate, Inc.. This is your invitation to view some of Washington,
Exclusive: Montgomery County, emboldened by HQ2, also courting Apple

Exclusive: Montgomery County, emboldened by HQ2, also courting Apple

The suburban Maryland jurisdiction believes it should be considered as a prospect for the global tech giant's proposed corporate campus.
Polaris Alpha is the latest government contractor to be acquired

Polaris Alpha is the latest government contractor to be acquired

Engineering giant Parsons is broadening its footprint in defense, space and intelligence with a deal to acquire government technology contractor Polaris Alpha.Polaris Alpha is the product of private
Just about every major D.C.-area developer is vying to develop historic Howard U. properties

Just about every major D.C.-area developer is vying to develop historic Howard U. properties

Key story highlights:• Howard University has announced a short list of firms under consideration to redevelop two buildings. • The buildings are in a prime location immediately east of JBG Smith's
Investor takes nearly 6 percent stake in Springfield Town Center-owner PREIT

Investor takes nearly 6 percent stake in Springfield Town Center-owner PREIT

The Philadelphia-based real estate investment trust owns regional malls such as the Springfield Town Center and Mall at Prince Georges.
Pebblebrook loses out to Blackstone in bid for LaSalle, but keeps fighting

Pebblebrook loses out to Blackstone in bid for LaSalle, but keeps fighting

Key story highlights:Bethesda-based LaSalle Hotel Properties has accepted an acquisition offer from Blackstone. The private equity giant plans to buy LaSalle for $4.8 billion in cash, or $33.50 per
Supreme Court's OK on sports betting may pit Maryland's casinos against race tracks — again

Supreme Court's OK on sports betting may pit Maryland's casinos against race tracks — again

Casinos applauded the ruling — and some have already started weighing in on how it should be applied in the state.
Orbital ATK launches Antares rocket to serve International Space Station

Orbital ATK launches Antares rocket to serve International Space Station

Dulles-based Orbital ATK Inc. successfully launched its ninth cargo mission to the International Space Station early Monday morning from Wallops Island, Virginia.The Antares medium-class rocket
This massive sports and entertainment center is nearing the finish line. We take you inside.

This massive sports and entertainment center is nearing the finish line. We take you inside.

Key highlights:The St. James, a 450,000-square-foot sports and entertainment center, was fully enclosed as of February. Some 650 contractors and subs are working to get all the pieces in before the
Gaithersburg biotech faces threat of stock delisting

Gaithersburg biotech faces threat of stock delisting

Key highlights:Altimmune received a warning from Nasdaq about a potential delisting because its stock price is too low. The company has until mid-November to gain compliance with the exchange. The
Why this company is betting that now is a good time to build a global logistics contractor

Why this company is betting that now is a good time to build a global logistics contractor

One word: readiness, as seen with Valiant Integrated Services, which has acquired three companies in the past year.