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Washington Business Journal
Adventist HealthCare deal for Howard University Hospital on the rocks
Gaithersburg-based Adventist HealthCare might not acquire Howard University Hospital as planned.<\p> The organizations told me late Friday they are reassessing the longstanding agreement for Adventist, which has operated the hospital for four years, to buy the university’s acute-care facility. The deal was part of the management services agreement conceived in 2019. <\p>
Northern Virginia foundation launches new nonprofit arm to raise funds
The Claude Moore Charitable Foundation is launching a nonprofit to raise money to expand its work addressing Virginia’s workforce shortages, particularly those in the health care arena.<\p> The new 501(c)3 nonprofit, Claude Moore Opportunities, will be led by CEO Dr. Bill Hazel Jr., a longtime local orthopedic surgeon and a former Virginia secretary of Health and Human Resources under both Govs. Bob McDonnell and Terry McAuliffe. <\p>
JCPenney shrinking Northern Virginia store amid new wave of closings
JCPenney is giving back some of its space at the Fair Oaks Mall, nearly two years after it sold and leased back its store there as part of a Chapter 11 bankruptcy restructuring plan.<\p> The new owners, The Meridian Group and Martin Diamond Properties, recently submitted plans to Fairfax County to divide the store at 11801 Fair Oaks Mall, in Fairfax County, per county land records. The two-level store comprises 200,694 square feet; the amount being shed was not disclosed.<\p>
$1.3B mixed-use project in Bowie taps into youth sports demand
NAI Michael Cos. recently celebrated starting construction on the commercial portion of its $1.3 billion mixed-use development known as South Lake in Bowie. In a rare interview, the company’s president talked me through the project, especially how its adjacency to a big-draw youth sports complex makes it something of a unique case of suburban placemaking.<\p> South Lake, which will weigh in at about 3.6 million square feet when all is said and done, will include 1,600 residences, ranging from single-families to apartments to senior housing, on about 380 acres along U.S. 301 — part of eastern Prince George’s County that’s otherwise largely dominated by suburban sprawl with limited amenities, industrial and rural uses. <\p>
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