News

Amazon Driving Commercial Property Sales — “An office building and an apartment building near the future Amazon HQ2 campus in Northern Virginia have recently hit the market, the latest in a wave of property owners looking to cash in on rising values from the tech giant’s arrival.” [Bisnow]

Continued Amazon Boost for Residential Real Estate — “The Amazon HQ2 effect continues to drive the Arlington County market. The median price of the 289 sales in Arlington in May was $615,000, up 9.8 percent from a year ago.” [WTOP]


News

Virginia Tech announced today that it will build its latest campus in Potomac Yard, just across the border from Arlington in Alexandria and within close proximity to Amazon’s HQ2.

The university will be building a 1.5 million-square-foot, graduate-level “Innovation Campus” on a 15-acre property near the Regal movie theater, across Potomac Avenue from the Potomac Yard shopping center. The property is being developed by Lionstone and JBG Smith, which recently inked its deal with Amazon.


News

(Updated at 4 p.m.) A local interfaith group is proposing Arlington and Alexandria redirect Amazon revenue to address long-standing community issues like affordable housing and school crowding.

Virginians for Organized Interfaith Community Engagement called on officials to dedicate portions of their revenue from Amazon to solve long-standing issues like Arlington’s affordable housing squeeze and ever-growing school enrollment.


News

Goldstein Fends Off Challenger — “Incumbent School Board Chair Reid Goldstein emerged as the victor Saturday night in the Arlington County Democratic Committee’s [School Board endorsement] caucus… Goldstein received 1,231 votes out of 1,999 ballots counted, or 61.6%… Challenger David Priddy received 763 votes.” [Arlington Democrats]

Car Runs Off Glebe Road Into Ditch — “At 1:54pm Sunday, units were called for a car off the road in 4500 blk of N Glebe Rd. Crews were able to walk 1 patient out with minor injuries. Patient was transported to local hospital while Hazmat team worked to contain leaking fluids. Please watch your speed on the wet roads.” [Twitter]


Events

A local interfaith organization is holding a meeting this weekend about how to ensure Amazon’s second headquarters benefits the local community.

Virginians for Organized Interfaith Community Engagement is holding the public meeting at Wakefield High School (1325 S. Dinwiddie Street) this Sunday, June 9 from 4:30-6:15 p.m. and is encouraging residents from Arlington and Alexandria to attend.


News

Busy Weekend for Fire Department — The Arlington County Fire Department helped to rescue a person trapped in an overturned SUV on northbound I-395 at Glebe Road Saturday evening and battled an attic fire in the Arlington Forest neighborhood early Sunday morning. [Twitter, Twitter]

Arlington’s Top Bond Rating Reaffirmed — “For the 19th year in a row, all three credit ratings agencies have reaffirmed Arlington County’s debt ratings of Aaa/AAA/AAA — the highest rating. Arlington is one of just 48 counties in the United States, and nine in Virginia, to receive the highest rating from all three credit agencies for its bonds.” [Arlington County, Fitch Ratings]


News

Real Estate Smoking Hot Near HQ2 — “Since Amazon announced in November its choice of Crystal City and Pentagon City, the median home sale price in that area has increased 17.7%, leaping to $655,000, and the typical home was placed under contract in just six days, down from 10 days last year, according to fresh data from real estate brokerage Redfin.” [Washington Business Journal, Axios, WTOP]

Marymount Names Tech-Oriented Interim Business Dean — “Tech expert and entrepreneur Jonathan Aberman is the new interim dean of Marymount University’s School of Business and Technology. Aberman replaces outgoing dean Marianne Ward-Peradoza and officially takes the reins of the school July 1.” [Washington Business Journal, PRNewswire]


News

Landmark Trees Felled During Storm — A well-known, historic oak tree near the Reevesland farmhouse, one of seventeen designated specimen trees on private property in Arlington, was among the trees that fell during yesterday’s storm. Trees were also downed in Arlington National Cemetery; one tree crushed a car. [Twitter, Twitter]

May 23 Storm vs. 2012 Derecho — “The ~36,000 Dominion customers without power in Arlington at the post-storm peak today is just over half the ~68,000 after the 2012 derecho.” [Twitter]


News

Metro Removes 3000-Series from Service — “Metro overnight temporarily removed all 3000-series cars from service after we received a report of a door malfunction for which we need to identify the cause. This voluntary safety action reduces the number of available rail cars by ~15%” [Twitter, Twitter]

Courthouse Hotel May Become Apartments — “The owner of an Arlington hotel is now hoping to flip the building into residential space instead. The Arlington Court Suites Hotel in Courthouse could soon become a 180-unit apartment building dubbed ‘Park Arlington at Courthouse,’ according to plans filed with the county this week.” [Washington Business Journal]


News

The Arlington County Board voted to fund several transportation projects this weekend that officials had used to woo Amazon during the tech giant’s search for its second headquarters.

On Saturday, County Board members approved using $33,850,000 in state funds on the projects. The vote comes after Board members and state legislators pledged millions in transportation upgrades near Amazon’s HQ2 site as long as the company meets certain job creation and space occupancy benchmarks.


News

County Board Roundup — As expected, the Arlington County Board on Saturday voted to approve a contract for Nauck Town Square, a purchase agreement to acquire Virginia Hospital Center-owned property, and a permit to convert former administrative offices next to Washington-Lee High School to classroom space for up to 600 students.

Adding Amazon Acquisitions in Arlington? — “Keep an eye on what companies Amazon.com Inc. buys next. It could be what fills HQ2. Acquisitions will likely determine what jobs and teams develop at the second headquarters in Arlington, said Holly Sullivan, Amazon’s head of worldwide economic development.” [Washington Business Journal]


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