BUSINESS NEWS
Wall Street Journal
- Disney to Name Bob Iger's Successor in Early 2026 October 21, 2024The company also said Mark Parker resigned as the chairman and named James Gorman as his replacement, effective Jan. 2.
- SSAB Gets $139 Million in Swedish State Aid to Help Decarbonize October 21, 2024The EU approved Swedish state aid worth $139.1 million to help steelmaker SSAB decarbonize its production.
- Novo Nordisk New Pill Reduces Heart Attacks, Strokes in Diabetic Patients October 21, 2024The Wegovy maker’s once-daily pill to treat type 2 diabetes has shown it cuts the risk of heart attacks and strokes in patients by up to 14%, according to a new trial.
- Empty Tables and Rising Costs Push More Restaurants Into Bankruptcy October 21, 2024Red Lobster, Roti and other chains are closing locations as chapter 11 filings grow.
- J&J's Ketamine-Derived Drug Is Taking Off October 21, 2024Spravato, a depression treatment derived from club drug ketamine, was looking like a dud. Its recent success now shows a path forward for psychedelic-based medicines.
BISNOW NEWS
- D.C. To Purchase Capital One Arena For $88M, Lease Back To Monumental October 21, 2024The terms of the $515M deal between Washington, D.C., and the owner of its professional basketball and hockey teams to stay downtown have come into focus.
- Bill Gives D.C. New Carrots And Sticks To Deal With Vacant And Blighted Properties October 18, 2024The majority of the D.C. Council has thrown its support behind a bill introduced this week that would increase the city's authority to seize vacant and blighted properties while incentivizing owners to reinvest in their properties or sell to someone...
- Weekend Interview: Michael Graves’ Sean Pichon On Taking The Office-To-Residential Leap October 18, 2024This series goes deep with some of the most compelling figures in commercial real estate: the dealmakers, the game-changers, the city-shapers and the larger-than-life personalities who keep CRE interesting. Over three decades, Sean Pichon has designed...
- This Week's D.C. Deal Sheet: Bonaventure Buys Alexandria Apartments For $50M October 18, 2024A 1950s-era garden apartment community in Alexandria has sold for $49.5M.
- Former NFL Player Charged With Embezzling $22M From Apartment Projects October 18, 2024A former NFL linebacker has been charged with embezzling loan proceeds from two commercial real estate projects in Virginia and North Carolina, allegedly helping himself to Rolex watches and paying off personal debts with the funds.