In an effort to foster more innovation and entrepreneurship, Fairfax County has made a $1 million investment into the expansion of a NoVa coworking space. The $1 million investment into Reston, Va.–based Refraction was approved as an economic development support fund at the Fairfax County’s Board of Supervisors meeting on Nov. 20. … Read more at Technical.ly DC.
Revolution Investment Group Raising $200 Million Fund
D.C. investment group Revolution, led by AOL founder Steve Case, is raising a $200 million fund for its Revolution Ventures arm, according to SEC filings. Revolution Ventures’ previous fund ended up raising $200 million, leading to investments in D.C.-based custom framing startup Framebridge Inc. and Bethesda real estate startup Homesnap Inc. … Read more at American Innovation.
Lyft Completed its Acquisition of Capital Bikeshare
Ride hailing company Lyft, which recently jumped into the dockless electric scooter business in D.C., has completed its planned acquisition of Motivate, the company that operates the city’s long-established public docked bike operator Capital Bikeshare. The deal was first announced in July. … Read more at Washington’s Top News.
Pepplebrook and LaSalle Complete $5.2 Billion Merger
The nine-month-long saga between two Bethesda-based lodging REITs has officially come to an end, with Pebblebrook Hotel Trust completing its acquisition of LaSalle Hotel Properties. Pebblebrook announced the closing of the $5.2 billion merger Friday, along with the sale of five properties totaling $821 million. Read more at BisNow.
Carroll Hospice Files Plans for $1.8 Million Expansion
A hospice facility in Westminster is seeking state approval for a $1.8 million expansion project, in preparation for the expected growth in need among Carroll County’s aging population. Carroll Hospice recently filed a certificate of need with the Maryland Health Care Commission, detailing the planned expansion at its 292 Stoner Ave. … Read more at the Baltimore Business Journal.