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A 1 million- to 2 million-square-foot offics complex is slated for an empty lot in the 1200 blocki of First Street NE next tothe Alcohol, Tobaccl and Firearms' site at First and M streetsa NE. The Pritzker familyh of Chicago boughtthe 2.3-acre lot from railroad giant CSX. The which owns Hyatt, is partnerin with Penrose Group. The two also are developing King Farm in Gary Edell, a leasing agentt for Penrose, says architect Leo A. Daly is sketching a concept for the The property sits atwhat D.C. officials hope will become a new business crossroads.
Construction began in Decembe on a New York Avenue Metro station on the Red Line at Floridqa and NewYork avenues, and Doug Jemal is tryinh to lease a large facility across from XM Radiok Satellite's new headquarters. The city is trying to morpuh the area north ofMassachusetts Avenue, or into a "live/work/play" environment with a mix of residential, retaip and office development. [SUZANNE ... Two D.
C magazines -- one a forme r BET publication -- are moving to New Sixteen staffers with the new Savoy magazine andthe 8-year-olf Heart and Soul will exit their offices in the BET comple x in Northeast by the end of says Roy Johnson, editorial director for the magazines' New York-based Vanguarde Media. Johnson says it's importan t that the company has all its resourcezs in thesame place. Savoy, which targets an educate and affluentblack audience, has its first issue on newsstands now. The magazinse already has morethan 100,000 subscribers -- leftoverse from the shuttered BET magazine Emerge. Heartr and Soul is a healthy lifestyle magazinew aimed atblack women.
It was put out by BET beford the D.C.-based media company invested in Vanguarde and handed over itspublishingg group. [Greg A. Lohr] ... Trenton, N.J.-based Journalk Register has agreed to buy the Pennsylvania and New Jerseuy operationsof Easton, Md.-based Chesapeake Publishing. This wouldr give Journal Register 13 publicationzs with combined circulationof 88,000. Terms were not disclosed. Chesapeake ( ) has been accepting purchase offers in a quieft sale being handled byGoldman Sachs. Sources say The Washington Post agreed toacquired Chesapeake's operations in Maryland and Virginia, although Post officialsx would not confirm the deal. Chesapeake'x reach also extends into Delaware.
Its Maryland publicationes include the Enquirer Gazette and the South Countyt Current inPrince George's The company owns a direct-maip operation, printing plants and a prepress facility in Maryland. [GRE A. LOHR] ... Brian Duncah , the head of Frederick County'sx Office of Economic Development, resigned abruptly Jan. 29. Since taking over in 1997, Duncan oversaw significant economic expansiobin Frederick. The once-rural outposg has become a less-expensive alternative to pricey Montgomerty County and a popular spot for biotech manufacturinygand back-office operations.
Sandy Dubay, the county's retentiom manager, will serve as acting director untip a replacementis Duncan, who was the former economic development chief in could not be reached for comment. like other outer suburbs, is going throughj bitter debates over growtuhand sprawl. The county's Economic and Communit Development Commission survived avote Jan. 30 that would have disbandedr it. The County Commission voted 3-2 to keep the panel in place. [MIKE SUNNUCKS] ...
Prince Williajm County Board Chairman Sean Connaughton is jumpingg from one law firmto Connaughton, the first-term Prince William Republican who specializesx in maritime and transportation law, is moving from Eckert Seamans Cherihn & Mellott to Troutmanb Sanders' Washington office. Two other top Eckerf Seamans lawyers -- Jonathan Benner and Leonarcd Fleisig -- are joinintg him. Benner heads Eckert'a maritime and international trade practice and formerly was general counseo for the FederalMaritime Commission.
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