Washington Business

• Maryland awards $297M Medicaid contract to CSC
  Maryland's spending board approved Wednesday a $297 million contract with Falls Church-based IT company Computer Sciences Corp. that is expected to improve Maryland’s process for paying tens of millions of dollars in Medicaid claims each month. The contract with Computer Sciences Corp. (NYSE: CSC) is being hailed by some of the state’s health care leade […]
• Maryland delays vote on Areas USA travel plaza contract
  The Maryland Board of Public Works voted on Wednesday to delay awarding a $56 million contract to Areas USA for the redevelopment of the state’s two travel plazas. The board will next consider the contract at its March 7 meeting. The Maryland Department of Transportation announced Jan. 23 that it had chosen Miami, Fla.-based Areas to renovate and run the Mar […]
• LaSalle Hotel reports strong fourth quarter
  Bethesda-based LaSalle Hotel Properties had higher revenue and earnings from a year ago, with its best performance at its hotels in Washington, D.C. LaSalle, which last quarter completed its $396 million acquisition of The Park Central Hotel in Manhattan, reports fourth quarter revenue of $179 million, compared with $161.7 million a year earlier. Net income […]
• Former Domaso Restaurant to become Amuse
  As the Hotel Palomar in Rosslyn finishes its transition into Le Meridien Arlington this month, a few more details are emerging about what the rebranded hotel will look like. For one thing, Domaso Restaurant has been rechristened Amuse, according to an announcement from HEI Hotels & Resorts, which purchased the property from The JBG Cos. Under the deal, L […]
• Fannie Mae to pull out of Herndon's Monument IV
  Fannie Mae is planning to pull out of the Monument IV building at 12900 Worldgate Drive in Herndon come June, casting another shadow over the building after its mortgage was transferred to a special servicer fearing just that possibility last spring. Fannie has about 400 employees in the 228,425-square-foot building and plans to relocate those workers to oth […]
• JBG Rosenfeld marketing Downtown Crown retail space
  JBG Rosenfeld Retail is close to signing a 40,000-square-foot gym and three restaurants at Downtown Crown, a Harris Teeter-anchored mixed-use development in Gaithersburg that is expected to break ground in May. There is 260,000 square feet of retail at the development, including a Harris Teeter, according to Krista Di Iaconi, principal for JBG, who was showc […]
• Howard Theatre to reopen with celebrity chef menu
  Howard Theatre will reopen this April after a $29 million renovation. Not only will the opening events be star-studded, the theater also has the potential to be a dining destination. Chef Marcus Samuelsson, known for such restaurants as Red Rooster Harlem and Restaurant Aquavit, was brought on to design the menu for the theater's supper club. He will de […]