The latest rumors about the Capital City Diner moving to Columbia Heights and serving Kosher deli and Asian fusion cuisine are still pure conjecture, the restaurant's founder says. more ›

The Capital City Diner may have found a new owner interested in keeping the popular eatery local. more ›

Lots of people were upset when the Capital City Diner closed in late January. And while the most anyone could walk away with was a last meal and maybe a picture of the iconic diner, now everyone has the chance to own the ultimate memento—the actual diner. more ›

Politics and Prose, the much-loved D.C. bookstore which has continued to prosper while other area bookstores cleared out their shelves, will soon have new owners. According to the Washington Post, former Post reporters Bradley Graham and his wife Lissa Muscatine will purchase the store, which has been on sale since last June. more ›

With all the hubbub about the launch of TBD, the barely-floating wreckage that is the Washington Times has been widely ignored over the past couple of months. But DCRTV reports today that the paper's last rites have all but been delivered -- according to the blog's sources, the Times was lucky to even make it past last Friday, as a "press release [regarding the last edition of the paper] was reportedly ready for distribution when an apparent last minute and revised offer to buy the paper was submitted." more ›

We mentioned it briefly in this morning's roundup, but several brides-to-be (and probably some people who were just looking for a steal on a wedding gown) lined up in droves outside the Filene's Basement in Friendship Heights this morning for the annual "Running of the Brides." DCist's Elisabeth Grant stopped by the store to take a look at the line -- it was long. No surprise, given that gowns were going for huge discounts of 50 to 90 percent off. more ›

Huge local business news from the Washington Post's Michael Rosenwald. Carla Cohen and Barbara Meade, owners of the storied independent bookstore Politics & Prose, have decided to put the shop up for sale. more ›

Well what do you know, there's some non-Strasburg sports news today after all. Wizards Insider reports that the sale of the Washington Wizards to Ted Leonsis has been approved by the NBA Board of Governors. more ›

It's been just under a year since PB Capital Corp. picked up the aging Watergate Hotel at foreclosure auction for $25 million, and now it looks like that price was indeed right. This week, PB Capital finalized the sale of the 251-room property to New York-based Euro Capital Properties Inc. for a cool $45 million, Melissa Castro reports in the Washington Business Journal. more ›

Just breaking now from the Post: the estate of Abe Pollin has at last agreed to sell the Washington Wizards and the Verizon Center to Capitals owner Ted Leonsis. We'll have more on this soon, but in the meantime we hope news of the sale being finalized will encourage all you stressed out Caps fans to stay optimistic. more ›

Attention investors: The D.C. Office of the Chief Financial Officer has set up a new web site, www.buyDCbonds.com, in order to offer approximately $270 million in income tax-backed bonds for sale on August 18 through 19. The impending bonds offer comes at the same time that CFO Natwar Gandhi announced today that the city has retained its high marks from all three ratings agencies: Standard & Poor’s once again gave D.C. a AAA rating, Moody’s Investors Service’s assigned a Aa2 rating, and Fitch Ratings a AA designation. In a memo to D.C. Mayor Adrian Fenty, D.C. Council Chair Vincent Gray, and D.C. Council Finance Committee Chair Jack Evans (Ward 2), Gandhi also announced that all three rating services have given the bonds a "stable" ratings outlook. "I must emphasize that the affirmed ratings and stable outlooks are particularly commendable given the widespread strain in the current national economy. Many other states and local governments have experienced downgrades including California and Michigan, or a change in outlook to "negative" as the Washington Post reported about New Jersey yesterday," Gandhi wrote in the memo.
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In case you somehow missed the news, the Hotel Washington, along with its famous Sky Terrace Restaurant with spectacular views of the White House, closed on Jan. 1 to make way for renovations that will see the historic business turned into D.C.'s first W Hotel. The new hotel should open in about one year. more ›