Legal Blog

Mid-Atlantic Business Minute: US Job Growth Continues to Rise

The economy, and mergers and acquisitions specifically, continue to be hot even during the summer vacation months. Based upon this year’s strong employment growth these favorable economic trends are unlikely to cool down with the seasonal temperatures. Also, Offit Kurman’s emerging companies practice continues to expand its presence in the mid-Atlantic closing yet another transaction for a promising high-technology firm.

 

 

Transactions

Accenture Acquires Herndon Data Analytics Company
Source: WBJ

Accenture PLC announced Thursday it has acquired Herndon-based Search Technologies, a big data analytics firm that the larger consulting giant plans to blend into its own analytics division, effective immediately. Read More

Dominion Energy Acquires Four North Carolina Solar Energy Projects
Source: City Biz List

Dominion Energy (NYSE: D) announced today that it has acquired two 5-megawatt (AC) solar generating facilities and plans to purchase two other solar farms totaling approximately 10 megawatts (AC) later in the third quarter from subsidiaries of Chapel Hill, N.C.-based Strata Solar. Read More

Capital One Makes Record Real Estate Buy in Georgetown
Source: WBJ

Sagamore Development has sold its building at the corner of Wisconsin and M streets NW to Capital One NA (NYSE: COF) for a whopping $50.2 million. Read More

Offit Kurman Represents Refirm Labs in $1.5M VC Raise
Source: Offit Kurman

Offit Kurman business law and transactions attorneys Michael N. Mercurio and Dan Casto represented Refirm Labs, Inc. in a venture capital fundraising round in which Refirm Labs issued $1.5 million in Series Seed Preferred Securities. Read More

 

Economic Development in the DMV

Yelp to Establish an East Coast Hub in Downtown D.C.
Source: WBJ

San Francisco-based online reviewer Yelp Inc. (NYSE: YELP) plans to establish a major employment hub near the Verizon Center on D.C.’s East End after a months-long search that took it from the District to Northern Virginia to Atlanta. Read More

U.S. Job Growth Surges in July
Source: Washington Post

The U.S. economy added 209,000 jobs in July, according to government data released Friday morning, surpassing economists’ expectations and suggesting the economy continues to thrive after an extended streak of job gains in recent years. Read More

 

 

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Questions or comments? Contact me

 

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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