May 2002
Development News
Arlington Events
Arlington Companies in the News
Retail Spotlight
FDIC Board Approves Construction at Virginia Square Location
The Board of Directors of the Federal Deposit Insurance Corporation unanimously approved constructing a new nine-story building at its Virginia Square office complex in Arlington. The newly approved building will house FDIC staffers for the most part now working in leased space, about 1,100 employees. The expansion is expected to result in substantial savings to the FDIC in the long run - more than $78 million (in today's dollars) over the next 20 years. It results in more than $23 million in savings over the second least expensive alternative, which would be leasing in Virginia all the space that the FDIC will require after its four current leases in the District of Columbia expire.Smith Receives Approval for The Lofts in Crystal City
Smith Residential, a division of Archstone-Smith, got approval from Arlington County to build 215 units in a 215,456-square-foot building at 1600 South Eads Street in Crystal City. The apartments average 900 square feet and will price from $1,300 to $2,200 a month, says Matthew McCormick, executive vice president of residential services for Smith Residential. For more information, see http://www.bizjournals.com/washington/stories/2002/05/06/newscolumn6.html.The Ezra Company Negotiates Arlington Space for InfoCruiser and CSC
The Ezra Company represented InfoCruiser in the negotiation of a sublease of 8491 square feet at 4350 North Fairfax Drive in Arlington. It also represented Computer Sciences Corporation in the renegotiation of their lease of 267,016 square feet at 1725 Jefferson Davis Highway. www.ezraco.comArlington County Opens BizLaunch on May 7 - A Solutions Center for Small Businesses Looking to Launch or Expand
At noon on Tuesday, May 7, Arlington Economic Development is hosting a ribbon cutting for BizLaunch, the county's new small business information center. The event will be held at the AED offices, 1100 North Glebe Road, Suite 1500, in Arlington. BizLaunch offers local businesses a wealth of resources to propel their operations to the next level. It is a joint effort supported by Arlington County Libraries, the Arlington Small Business Development Center and the Mason Enterprise Center of George Mason University. The center's goal is to offer a "one-stop shop," of resources, from assistance with business planning and research to advice on where to go for that perfect business loan. If you are interested in attending the free opening event, participating in future workshops, or have business questions or concerns please contact Tara Bowers at (703) 228-0853 or tbowers@arlingtonvirginiausa.com.Rosslyn's Popular "Rooms With a View" Series Begins May 8
Rosslyn Renaissance begins its tenth annual "Rooms With a View" lecture series on May 8 with Alex Orfinger, publisher of the Washington Business Journal. This popular event series gives participants access to Rosslyn's special spaces, breathtaking views of Washington, and interesting discussions about our urban community. Call (703) 522-6628 for information and reservations on this and events on May 23 & June 6, or go to http://www.rossren.com/rooms.cfm.Arlington's Best Business Awards - the ABBIES - to be Presented May 10
The Arlington Economic Development Commission and the Arlington Chamber present the 7th Annual ABBIES Awards on May 10, 2002 at the Hilton Crystal City Hotel. Festivities begin with registration at 7:30 a.m. and breakfast and ceremonies scheduled for 8 a.m. The EDC will present four awards and the Arlington Chamber five awards - for excellence and community service - to very deserving Arlington businesses. This year's theme is community, especially in light of the extraordinary contributions made by the business community during the September 11th post-attack period. So, come join your business colleagues in a celebration of Virginia Business Appreciation Week. To register, go to www.arlingtonchamber.orgHow is the Washington Area Economy Doing in the Early Stages of National Recovery, and What is its Outlook Over the Coming 18 Months?
The national economy began showing signs of recovery at the end of 2001. With three months of performance data available for 2002, projections for its performance this year have been revised substantially upward. There is a growing consensus that the recovery will be stronger than had been previously anticipated. With the revised 2001 employment estimates for the Washington area being lower than those released over the year, the strength of the local economy has been questioned. How did the Washington area economy really perform in 2001? Given the emerging strength of the national economy and the expected increases in federal spending, how will its performance shape up in this year and next? These questions will be explored and the local economy's most recent monthly performance and forecast will be presented May 16 from 3:30 to 6 p.m. during the Economic Forecast and Networking Reception at the Crystal City Marriott. To register, call Erika Spalding at (703) 277-7706 or visit www.paragoncom.com/mec. The registration fee is $75.15th Annual Taste of Arlington® Brings Food, Entertainment and Fun to Streets of Ballston
Adults and children alike will find plenty of family fun at this year's Taste of Arlington® Sunday, May 19, from 12 noon to 5 p.m. The annual street festival features a sampling from over 30 area restaurants of delicious specialties from a mix of ethnically diverse local and regional cuisine. Other highlights of the festival include rock bands, swing music, crafters, an inflatable planetarium, an Internet café, science and education programs and activities for children; and a celebrity item auction. Admission to Taste of Arlington®, which will be held outside Ballston Common Mall (4238 Wilson Blvd.), is FREE. Taste of Arlington® is just two blocks from the Ballston Metro Station on the Orange Line. The event will benefit Community Residences (CR), a leading regional non-profit provider of programs and services for individuals with mental retardation, mental illness, physical disabilities and the homeless. CR operates more than 30 programs throughout Virginia and Maryland and serves over 1,200 individuals each year. www.TasteofArlington.comBizStart Express
Sponsored by the Northern Virginia Small Business Development Center (SBDC), this June 15 event will be presented by an SBDC counselor. This seminar is designed to provide those interested in starting a new business with the steps necessary to get going. It will be held from 9:30 a.m. to 3 p.m. at 4031 University Drive, Suite 200, in Fairfax. Fee is $45. For more information, call (703) 277-7700.ARLINGTON COMPANIES IN THE NEWS
Red Cross to Use E-Learning Technology from Plateau Systems
The Red Cross, which trains more than 12 million people a year, will begin using an Arlington company's technology to manage records and to offer training via the Internet later this year, marking the start of one of the largest e-learning ventures to date. Under the seven-year agreement, worth more than $10 million, Plateau Systems Ltd. is to begin deploying its technology by the end of 2002 and have the system working by 2004. Plateau's technology works by organizing information on each student or employee. The Red Cross hopes to use Plateau technology to manage training for 6 million students, volunteers and employees over the next few years. For more information go to www.plateau.com.Homeland Security System™ Named a Finalist at Microsoft® Tech-Ed Business Productivity Awards 2002
Arlington based Internosis' Homeland Security System is a multi-module solution that applies the Microsoft®.NET® Enterprise technologies to the challenge of ensuring United States Homeland Security at local, state, and federal levels. The most comprehensive embodiment of the Homeland Security System seamlessly integrates no less than 14 Microsoft .NET Business Tools and Enterprise Servers, and has at its center the power of the .NET. Check out www.internosis.comFriedman Billings Ramsey Announces Earnings Expectations
Arlington-based Friedman Billings Ramsey Group (FBR), one of the DC area's largest investment banking firms for high-tech companies, said in a filing with the SEC in mid-April that it expects to produce $23.8 million of investment banking revenues in the first quarter. FBR also said that it expects $65 million in earnings from its four business units in 2002. http://biz.yahoo.com/e/020410/fbr.htmlMogul Capital Group Prepares Study on Virtual Manufacturing
Arlington-based Mogul Capital Group, a provider of business strategy services, announced that it has signed an agreement to prepare a feasibility study for a virtual manufacturing and training center in Charles County, Maryland. Under the contract, 3-year-old Mogul also will prepare a strategic plan for the facility once the feasibility study has been completed. Terms of the deal were not disclosed. Mogul said the idea for the center is based on the premise that economic trends will require the manufacturing industry to design, develop, manufacture and deliver products in real-time.
http://www.NewsAlert.com/bin/story?StoryId=CpkVD0bKbytiZmtC&FQWashingtonpost.com to Aggressively Target National Advertisers
Hoping to boost national advertising on its site, Washingtonpost.com, the Arlington-based Internet arm of the Washington Post, stated that it is launching its first trade advertising campaign. The company plans to run print and online ads in advertising industry publications to promote its demographics, including the fact that 80 percent of its audience of 5 million monthly viewers reside outside the metro DC area. "The goal of this campaign is to reach out to national advertisers who may not realize the strength of our national audience," said Washingtonpost.Newsweek Interactive CEO Chris Schroeder. Fahey-Davidson, a DC-based marketing and advertising firm, is leading the effort. http://www.NewsAlert.com/bin/story?StoryId=Cpk0VubKbytiWnJq&FQArlington-Based Association Releases Opinion Study on License/ID Security
A Public Opinion Strategies study commissioned by the Arlington-based American Association of Motor Vehicle Administrators (AAMVA) reveals the American public overwhelmingly favors cooperative state and federal efforts to close one of the biggest loopholes in the United States' national security system by strengthening motor vehicle agency (DMV) licensing practices. These efforts include hardening security measures by closing licensing loopholes at DMVs, making driver's licenses more resistant to counterfeiting, increasing penalties and fines for fraudulent acts, and allowing states to search other states' drivers' records to verify an applicant's identity and driver history. The national poll shows 77 percent of Americans favor modifying the current system of issuing driver's licenses and ID cards. And when couched with some of the most compelling arguments voiced by opposing groups, 67 percent still favor this proposal. The poll results suggest the public believes driver's license and ID security is paramount. Sixty-five percent of Americans believe it is too easy for a person to obtain a false identification card, such as a fake driver's license.On Site Sourcing Names Pivik to Board
Arlington-based On Site Sourcing, a provider of document management technology, has named Robert Pivik to its board of directors. Pivik is the former COO of Howery Simon Arnold & White. http://biz.yahoo.com/bw/020328/282346_1.htmlFormer XM Satellite Radio CFO Joins AHL Services as EVP and CFO
Arlington-based AHL Services, a provider of marketing support services, has named Heinz Stubblefield, the former CFO of DC-based XM Satellite Radio, as its new executive vice president and CFO. Stubblefield replaces Ron Domanico, who had served as CFO since May 2000. http://biz.yahoo.com/prnews/020401/atm010_1.htmlLocal Companies Win Federal Contracts
Arlington's Bell-Boeing Joint Programme Office is being awarded a $5.19 million order for the procurement of initial production spares for the V-22 Osprey Training Division. Settles Associates Inc. of Arlington won a contract worth up to $5 million per year from the General Services Administration for comprehensive workplace solutions and services. Personnel Decisions International of Arlington won a $600,000 contract from the General Services Administration for management, organizational and business improvement services. http://www.personneldecisions.com/Arlington-based CACI International, a provider of information technology and communications software, stated it won a five-year, $31.5 million deal to assist the U.S. Customs Service in the implementation of a new information assurance program. Under the contract, the company will help the agency secure information systems vital to the agency's role of enforcing federal policy on the flow of goods across America's borders. http://www.caci.com/NewsRelease_folder/news2002/04_18_02_NR.html. CACI also announced that it has won a $25 million contract to continue providing support to the Navy Personnel Command's Electronic Military Personnel Records System. http://www.caci.com/NewsRelease_folder/news2002/04_03_02_NR.html
Wolfgang Puck Plans Pentagon Row Restaurant
Celebrity chef Wolfgang Puck has signed to open his first restaurant in the Washington area at Pentagon Row in Pentagon City. The 2,600 square foot restaurant will be an "express" unit, offering counter service and "cozy" tables. The menu will include soups, salads, sandwiches, pizzas and a number of Puck specials. For more information, see http://washington.bizjournals.com/washington/stories/2002/04/22/story2.html
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