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AOL layoffs likely to affect hundreds in Northern Virginia

Hundreds of AOL employees in Northern Virginia will likely lose their jobs in a restructuring of the Internet giant.

Dulles-based AOL plans to cut up to 5,000 jobs globally, 26 percent of its work force, in the near future as it becomes a mostly-free service provider.

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Washington tops Inc. Magazine's fastest growing listst

Washington is the top metropolitan area for the fourth consecutive year on Inc. Magazine's 2006 list of the nation's fastest-growing companies.

A total of 43 area companies are on the list, ranking Washington ahead of New York, with 42 companies on this year's list. Los Angeles, Boston and Atlanta round out the top five cities.

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D.C. region in line for $2.4B in new hotel construction

The Washington area could soon see an estimated $2.4 billion in hotel construction, but a lack of affordable land and rising construction costs might squeeze the life out of the development boom.

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D.C. Suburbs Top List Of Richest Counties

Nationwide Data on Health Coverage Bleak

The three most prosperous large counties in the United States are in the Washington suburbs, according to census figures released yesterday, which show that the region has the second-highest income and the least poverty of any major metropolitan area in the country.

Rapidly growing Loudoun County has emerged as the wealthiest jurisdiction in the nation, with its households last year having a median income of more than $98,000. It is followed by Fairfax and Howard counties, with Montgomery County not far behind.

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Development Debate Escalates in Loudoun

30,000-Home Dulles South Plan Advances

A plan to open up a vast stretch of southeastern Loudoun County to roughly 30,000 new homes is prompting a fierce debate reaching all the way to Richmond over how best to guide growth and prepare for its inevitable effects on traffic, taxes and quality of life.

On one side are those who believe that so many new homes -- equivalent in number to four Fredericksburgs -- would hopelessly paralyze a region already struggling with traffic congestion. On the other are those who see an opportunity in Dulles South to coax hundreds of millions of dollars from developers to build roads, schools, parks and utilities that government can't afford.

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I can't imagine what this is going to do to the traffic nightmare. The area is being proposed for 89k new residents which may add up to 300,000 daily car trips on regional highways. The article says all told a consortium of businesses has pledged to spend $750 million dollars on roads.

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Blackstone Group to unload seven local hotels ...

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Blackstone Group isn't just flipping the multibillion-dollar office portfolio it acquired along with CarrAmerica. It's also flipping seven local hotels that came in the $2.6 billion acquisition of MeriStar Hospitality in May, including the Hilton Embassy Row.

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Command Information to add hundreds of jobs in N. Va.

Command Information has opened its new Internet technology training center in Herndon and plans to create about 300 new jobs by year's end.

The company helps businesses and government agencies adopt next-generation Internet technologies and practices.

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Thousands of jobs expected with new airline service to Beijing

A nonstop airline service from D.C. to Beijing, which United Airlines is hoping to get, would generate hundreds of millions of dollars in economic expansion and create several thousand jobs, according to a new study.

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Micron's Multiplying Effect in Manassas

When Boise-based Micron Technology Inc. picked its Manassas plant to produce a new generation of memory chips, the decision was based on factors as distant as global technology prices and predictions about the market for iPods and cellphones.

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Washington-area business outlook slows

Washington-area businesses are tempering their expectations for growth as the economy slows.

In an economic outlook survey of small and medium-sized businesses, conducted for PNC Financial, 31 percent of area companies plan no new investments in the coming months, up from 19 percent in the same survey six months ago.

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DC Hotel Business Booming

The Washington hotel market is hotter than it's probably ever been right now. Prices for rooms are skyrocketing and so are prices for real estate. Magic Johnson and partners have just purchased the Hilton Washington for $290m. and plan to spend at least another $100m in renovations on the property. The St. Regis and the Jefferson on 16th Street are both getting expensive makeovers. The Hotel Washington was sold last year to the Westbrook Group and sold again to the royal family of Dubai. Interesting. No official word yet on its renovation, but I'd expect something significant. Somehow, people are willing to pay $500-600 or more per night in this hyper-inflated market.

The Washington Post

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DC Hotel Business Booming

The Washington hotel market is hotter than it's probably ever been right now. Prices for rooms are skyrocketing and so are prices for real estate. Magic Johnson and partners have just purchased the Hilton Washington for $290m. and plan to spend at least another $100m in renovations on the property. The St. Regis and the Jefferson on 16th Street are both getting expensive makeovers. The Hotel Washington was sold last year to the Westbrook Group and sold again to the royal family of Dubai. Interesting. No official word yet on its renovation, but I'd expect something significant. Somehow, people are willing to pay $500-600 or more per night in this hyper-inflated market.

The Washington Post

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Your point about a convention center hotel is well taken. It is absolutely needed. It's incredibly difficult to convince meeting planners that busing people all over town is a good idea. Convenience is paramount in the meetings trade.

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Good point about the stadium. Ouch indeed! I do think the District is going to have to build a convention hotel- especially with the prospect of the Gaylord National looming over the horizon in Prince George's County. Whether or not this will be too much convention space is another matter.

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Icon of Downtown Restaurants Closes

The Reeves Restaurant and Bakery, an icon of downtown Washington, has closed its doors for good. The restaurant had built a solid reputation for its baked goods and fried chicken over the years. Everyone from J.Edgar Hoover to Lady Bird Johnson could be seen there from time to time. I wish I could add my own happy memories of the place, but the one time I went in there (in March of this year), the place was in a gloomy senescence, with leathery fried chicken cowering under heat lamps and a few fancy pastries mouldering away in a dusty case. I didn't stay for lunch. It's just possible that the restaurant will move to a suburban location, but it would be hard to capture any magic lin gering from forty years ago. RIP.

The Washington Post

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Watergate Hotel Closes for Extensive Renovation

The Watergate Hotel, long a landmark in Washington for more reasons than one, has finally shut its doors for an 18 month renovation. The new owners, Monument Realty, had originally planned to convert the building into luxury condos, but the residents of the other Watergate buildings didn't much care for the idea. The downslide of the local condo market and the robust hotel market both conspired to ensure that the Watergate will remain a hotel. A management company has not yet been selected for the hotel, but the owners promise that the hotel will once again be in the top tier of hotels- a tall order when one considers the limitations of the building and its site. That said, the new rooms will have an average of 650 square feet instead of the current 350-450- a healthy difference. It will be interesting to see what plans emerge.

The Washington Post

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