County Board May Up Contract Threshold — “A measure up for a vote at the June 10 County Board hearing would quadruple – from $250,000 to $1 million – the threshold of any new contracts being inked by the local government to go before the board (and therefore public). The proposal likely will add more fuel to the fire among critics of the government like the Arlington County Civic Federation, which has contended that the government is failing the public on the transparency front.” [Gazette Leader]
Auction for Columbia Pike Office Building — “The second property, an eight-story, 63,000-square-foot office built in 1970 at 2300 S. 9th St. in Arlington, was acquired in 2020 for $6.5 million. BoundTrain planned a major renovation to capture tenants ‘fleeing to quality.’ But BoundTrain recently having defaulted on its debt, the noteholder has foreclosed on the property, directing the acting trustee Joseph Corish, an attorney with Bean Kinney & Korman PC, to sell BoundTrain’s asset at auction Wednesday morning.” [Washington Business Journal]