Legal Blog

Mid-Atlantic Business Minute: Sizzling Summer Growth

News regarding economic development and transactions can oftentimes be bland.  It’s never all that surprising to read a story about another bank merger or yet another entertainment company expanding its streaming services in order to reach more cord cutters.  However, a story about being able to travel between D.C. and NYC in 29 minutes is anything but bland.  Is such travel physically possible?  I honestly have no idea, but if it is it would revolutionize business travel on the east coast and would likely lead to a rapid expansion of economic activity.  Think about this, it would be possible to live in downtown D.C. while working in NYC and still having a very reasonable commute.  This sounds like something out of a science fiction movie, but many of the daily conveniences we take for granted today would have belonged in a science fiction movie not long ago.

 

 

Transactions

What’s Driving Discovery’s Talks to Acquire Scripps? The Promise of a $3 Bundle
Washington Business Journal

Discovery Communications Inc.’s renewed interest in acquiring the parent company of HGTV and the Food Network is being driven, at least in part, by a plan from the Silver Spring-based media company to package its unscripted programing with that of Scripps Networks Interactive Inc. for a $3 or $4 monthly streaming service. Read More

 

WashingtonFirst Boost Profits Ahead of Purchase by Sandy Spring Bank
Washington Business Journal

WashingtonFirst Bank (NASDAQ: WFBI) is seeing a jump in profits as it works to complete its $489 million sale to Sandy Spring Bank (NASDAQ: SASR), according to second quarter financial results released Friday. Read More

 

Economic Development in the DMV

On a Hot Streak, Jefferson County Looks to Keep on Rolling
WV Metro News

Economic developers in Jefferson County are playing a hot hand. Earlier this month, state officials announced the Danish company ROXUL intends to break ground in October on a stone wool insulation facility that would employ 150 people. Read More

 

First Phase of $155M Cole Field House Renovation Nears Completion
Washington Business Journal

The first phase of the overhaul of Cole Field House is set to be completed next week, part of a $155 million renovation of the storied College Park arena. Read More

 

Elon Musk Says He Has Approval to Build a Hyperloop between NYC and DC
Technical.ly

A New York to Washington hyperloop trip in 29 minutes is what Elon Musk says he has on the table. Read More

 

Are you in the process of a business transaction and need some guidance?
Questions or comments? Contact me at dcasto@offitkurman.com or 703-745-1820.

 

ABOUT DANIEL CASTO

dcasto@offitkurman.com | 703.745.1820

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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