Rosslyn-based media company Politico is being acquired by the German publishing conglomerate Axel Springer.
The deal is worth around $1 billion, according to initial reports as the news broke this morning.
|
local business
|
Sponsored by Monday Properties and written by ARLnow, Startup Monday is a weekly column that profiles Arlington-based startups, founders, and other local technology news. Monday Properties is proudly featuring 1515 Wilson Blvd in Rosslyn.
(Updated 2:55 p.m.) Thirty Arlington companies made Inc. Magazine’s list of America’s 5,000 fastest-growing private companies, including one advertising firm made the top 15.
Two people were hurt in an armed robbery of Preston’s Pharmacy on Route 29 this morning.
The robbery happened around 9:15 a.m. at the neighborhood pharmacy, located at 5101 Lee Highway.
In the low-slung, pinkish Dominion Hills Centre shopping strip, sandwiched between a pharmacy and a soccer store, passers-by can find a store offering an unlikely pairing.
It’s a shoe repair place and a skate shop called Kiko’s Professional Services (6021 Wilson Blvd).
Many Arlington car dealerships are struggling to stock cars amid a nationwide shortage of computer chips.
At Mercedes-Benz of Arlington in Ballston, formerly known as American Service Center, a lot once stocked with around 130 used cars available for sale has emptied out to 63 vehicles, according to Ron Moghisi, who manages pre-owned sales. He said many of the cars were purchased at nearly 30% over the normal list price.
The pandemic has brought tough times for many local business owners. In some cases, it’s driving them to try to sell their businesses.
Listing aggregator BizBuySell generally doesn’t name the business that’s for sale, but the descriptions in each listing provide some clues.
Arlington Cinema and Drafthouse remains committed to its full slate of upcoming shows scheduled for the fall, owner Tim Clark says, but he’s it taking it week-by-week.
As Covid rates rise once again in the county and masks are back to being strongly recommended indoors no matter vaccination status, Clark acknowledges this is cause of concern for the decades-old Columbia Pike theater and venue. He says he’s already had one prominent comic push back performance dates.
Arlington-based Nicecream will be celebrating National Ice Cream Day this Sunday (July 18) by offering free scoops of its frozen-to-order ice cream.
Guests can get one free scoop all day at any of Nicecream’s four locations across the D.C. area, including its original spot at 2831 Clarendon Blvd in Clarendon. For founder Sandra Tran, it’s a nice gesture after weathering COVID-19.
Arlington Getting Hipper Restaurants? — “Clarkson said the Clarendon-Courthouse area is drawing some bar and restaurant operators from the District who previously haven’t had any locations in Virginia. He said he has seen this type of interest as his team has begun to lease the 17,500 SF of retail in the Landmark Block project. ‘You’re starting to see good retail from D.C., Shaw-type retailers, plant flags in the R-B corridor in Clarendon,’ Clarkson said. ‘Folks I never thought would consider the R-B corridor are now interested… Hopefully there will be some names that haven’t necessarily been seen in Virginia yet, especially on the [food and beverage] and bar side.'” [Bisnow]
Committee Critiques HQ2 Phase 2 Plan — “‘I am still seeing three — on the bulky side, seems to me from the rendering I’ve seen – office buildings at 22 stories high,’ Siegel said. ‘I think the community — certainly, speaking for myself — had hoped for more of a varied skyline.’ James Schroll, the committee chair, said he agreed with Siegel’s concerns. ‘While we appreciate the modifications, I don’t think they achieve what folks were after in our last discussion,’ he said.” [Washington Business Journal]
Legendary Recording Studio Sets Closing Date — “For all the punk-fueled emotion packed into music recorded at Inner Ear, and social media angst that the Arlington, Virginia, studio will close Oct. 1, Don Zientara — as always — is the calmest one around. ‘We’ve been in that location for 32 years, it’s been a long run, and a good run,’ Zientara told WTOP, shortly after announcing the studio on Oakland Street in South Arlington will shut down this fall. ‘It needs to come to an end, at least at that location.'” [WTOP]
Mars Helicopter Company Moving to Arlington — “An unmanned aircraft firm is moving its corporate headquarters from Simi Valley to the Washington, D.C. area. AeroVironment, Incorporated announced last week it is relocating its HQ to Arlington, Virginia… The defense contractor created NASA’s Mars Ingenuity helicopter that flew on Mars two months ago. It was the first powered flight of an aircraft on another world.” [KABC]
|
Freddie Lutz has a lot of stories.
One of his favorites was a time when several men came into his bar, Freddie’s Beach Bar (555 23rd Street S.), and started stirring up trouble. As they started causing trouble and making crude remarks, all Lutz had to do was pick up the phone and a few seconds later a few burly, “football player” friends showed up from a nearby sports bar and gently escorted the troublemakers away.
Fifteen months after closing its sales floor during the pandemic, One More Page Books is set to reopen its doors next Tuesday.
Marking the opening day on June 15 will be a virtual book launch with Lin-Manuel Miranda, who wrote the global hit musical “Hamilton” as well as “In the Heights,” which was turned into a movie that’s being released this week. A new book from the musical’s three creators is called “In the Heights: Finding Home,” in which the trio tells the origin story of the bilingual musical that predated “Hamilton.”