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Santa Clara, California-based Vantage Data Centers broke ground on the first phase of its Northern Virginia campus in Loudoun County ahead of schedule. Plans for the 42-acre site near the intersection of Route 28 and Waxpool Road in Sterling include five buildings over 720,000 square feet, making it one of the largest in the world. Read more at BisNow.
Silver Spring-based gastroenterology group Capital Digestive Care LLC plans to create a service hub with the purchase of two properties at 15001 and 15005 Shady Grove Road, part of a 100,000-square-foot medical office complex in Rockville. Read more at The Washington Business Journal.
The Crystal City Business Improvement District has completed the feasibility study on its plans to create the CC2DCA pedestrian bridge project that would more directly connects the Virginia Railway Express (VRE) with Union Station and other points in northern Virginia. The BID will now embark on an environmental study as Arlington County begins its Improvement Plan budget, which could ultimately fund the project. Read more at Greater Greater Washington.
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ACQUISITIONS NY-based Annaly Capital Management plans to purchase of real estate investment trust MTGE Investment Corp. for $900 million in cash and stock. The Bethesda-based REIT’s portfolio consists of $6.6 million in assets as of Dec. 31. Read more at the Baltimore...read more
TRANSIT With The construction of the Purple Line, a slew of other companies will follow WeWork into suburban Maryland, spurring development along the corridor from New Carrollton to Bethesda with 2.6-million-square feet of office construction currently under way. Read...read more
ENERGY D.C. accounts for more than four-percent of the nation’s solar energy capacity, which is now at more than 53 gigawatts, according to a new report release by Environment America. Read more at Washington DC Patch. TOURISM Frontier Development & Hospitality...read more
ENERGY The $4.5 billion merger of AtlastGas Ltd. And WGL Holdings, Inc., the parent company of Washington Gas, was approved by the Maryland Public Service Commission today. Read more at City Biz List. STARTUPS George Washington University’s Office of Innovation and...read more