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January 22, 2009  

For you broader-minded readers, we call your attention to a couple other of our publications. Recently we made bold to publish the Federal IT world's first ever Power 50 list. And for social voyeurs, don't miss our coverage all week in the Scene of inaugural parties. We think it's at least as good as Ross the Intern's stuff on Jay Leno.


Even our local real estate world is taking to heart the motto of the new era, encapsulated by our headline above, and exemplified by new developments below:


Toby Bozzuto has just been promoted to president of Bozzuto Development Company, a subsidiary of his father's firm. Toby tells us the firm is pursuing development of a multi-family project adjacent to Yale Laundry on New York Ave.


In Baltimore, the company's started construction on a $75M multi-family project called the Fitzgerald — after F. Scott. Fitzgerald wrote "Tender is the Night" a few blocks away, says Toby, who's standing next to a rendering of the project with SVP Steve Strazzella.


Doo-wop led to Jack Schneider's first career switch in 32 years. While co-chairing that rockin' benefit last fall, he sought a donation from Fred Ezra, his mentor and former boss at Studley's Bethesda office, who left to start Ezra Co. in 1980. Along with a generous contribution, Fred offered an Executive Managing Director spot.


Opus East president Jim Lee tells us he's putting his money where his mouth is. He's always advised crowds at NAIOP or Bisnow events that DC's the best market in the country, and now he's leaving his job rather than move to a new one. Opus reduced overhead by combining management at Opus East and South, and Jim was offered a new position that would require relocating to Minneapolis. So he's sticking around here instead—and welcomes job suggestions.


We joined 60 Women in Retail Real Estate (and some male guest speakers) at Maggianos Chevy Chase the other night to hear from local retailers. Above, 7-11's Ed Davidson, Victor Stanley's Claire Coolidge, Peterson Companies' Nick Over and Stephanie Cramer, 7-11's James DuBose, TRINITY Group Construction's Stephanie Williamson, and KLNB Retail's Phil Ruxton. There should have been karaoke because we hear Claire landed a ticket to the Grammy's in February. She's disappointed that Taylor Swift isn't nominated but happy to attend ICSC in LA that same trip.


23 year retail brokerage vet James O'Neill with Holland & Knight retail leasing attorney and WIRRE prez Lauren Rabbitt. James just formed his own firm and has already brokered deals to bring Ellwood Thompson's Local Market (organic, sustainable) to Columbia Heights in mid '09, as well as Nando's, Bank of America, and Uno Due Go—a new casual concept from the pizza chain. Nothing in Chevy Chase yet (we asked, hoping to photograph something while in the neighborhood), but he did say $80 PSF asking prices in the area are surprising because there's little evidence anybody can pay above $65. We came close with our parking meter.


A sold out crowd of 150 descended on the Tower Club this morning for a hot breakfast and hotter predictions from an A-list Bisnow tech panel about what the Obama era holds for Federal IT. Big deal speakers included DoD Deputy CIO Dave Wennergren, Navy CIO Rob Carey, recently retired e-Gov Tsarina Karen Evans, SRA CEO Stan Sloane, and government contracting pioneer Ed Bersoff. The consensus? Cybersecurity, ID management, energy efficiency, and smaller, more focused procurements are in. Software for Guantanamo is not. 

Arent Fox
Total Engineering
Cardinal Bank
Reznick Group
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