In this edition of the Mid-Atlantic Business Minute the economic diversity of the region is on full display. Deals were announced in government focused real estate, business services, manufacturing, and recreation. The expansion of gambling and tourism in the region continues to drive economic and tax growth in certain portions of the region. Industrial growth in the outskirts of the D.C. metro also continues to occur, which is a trend that should continue well into the future as the inner core of the D.C. metro becomes more densely developed.
Foreign investors pay nearly $360 million for NASA headquarters
A South Korean asset manager has acquired NASA’s D.C. headquarters building for nearly $360 million, or about $593 per square foot, another strong sign that foreign investors continue to seek out D.C.’s commercial real estate. Read More
White Wolf Capital-backed NSC Acquires Superior Resource Group
White Wolf Capital LLC announced that NSC Technologies, LLC has acquired Superior Resource Group, Inc. White Wolf recapitalized NSC, in partnership with NSC’s management team, in November 2016. The acquisition allows both NSC and SRG to expand their service offerings to their clients. Read More
Economic Development in the DMV
Governor Justice announces ROXUL to build manufacturing facility in West Virginia, creating up to 150 jobs
Governor Jim Justice announced that ROXUL will build a $150 million manufacturing plant in the City of Ranson, Jefferson County. Upon completion, the plant is expected to create up to 150 jobs with positions ranging from management level to the production line. Read More
MGM National Harbor brings in $50.1 million in June
Maryland casinos generated $130.5 million in June as MGM National Harbor again led the way after opening in December. Read More
Plans for High-tech, $25 Million Golf Driving Range Approved in Goochland
A high-tech, $25 million golf driving range was green-lighted in Goochland County on Wednesday. Read More
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ABOUT DANIEL CASTO
Daniel M. Casto concentrates his practice in business law and transactions. He serves as an advisor and partner to clients on matters related to corporate and business law, securities issuances and disclosure requirements, commercial transactions, business and strategic planning, risk assessment, corporate governance, government contracting, taxation, financial regulatory, education regulatory, and government affairs.
Prior to joining Offit Kurman, Mr. Casto was Vice President, Associate General Counsel & SEC Reporting of American Public Education, Inc. (NASDAQ: APEI) and its subsidiary educational institutions, a Senior Associate in the Financial Institutions Group of the international law firm Wilmer Cutler Pickering Hale and Dorr LLP, Associate in the Corporate and Finance Group of the international law firm of Sullivan & Cromwell LLP, and Legislative Director for then Congresswoman (now Senator) Shelley Moore Capito who represented West Virginia’s Second Congressional District. Mr. Casto began his career as an accountant with the United States Department of the Treasury’s Bureau of the Public Debt (now the Bureau of the Fiscal Service).
ABOUT OFFIT KURMAN
Offit Kurman is one of the fastest-growing, full-service law firms in the Mid-Atlantic region. With over 135 attorneys offering a comprehensive range of services in virtually every legal category, the firm is well positioned to meet the needs of dynamic businesses and the people who own and operate them. Our eleven offices serve individual and corporate clients in the Virginia, Washington, DC, Maryland, Delaware, Pennsylvania, New Jersey, and New York City regions. At Offit Kurman, we are our clients’ most trusted legal advisors, professionals who help maximize and protect business value and personal wealth. In every interaction, we consistently maintain our clients’ confidence by remaining focused on furthering their objectives and achieving their goals in an efficient manner. Trust, knowledge, confidence—in a partner, that’s perfect.
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