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Cresset Moving DC HQ to Reston Station

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Cresset Moving DC HQ to Reston Station


Wealth administration agency Cresset is transferring its Washington, D.C. workplace inside Reston, Va.

The corporate has inked a 11,500-square-foot lease on the ninth flooring of 1900 Reston Metro Plaza, a 365,000-square-foot trophy workplace constructing within the Reston Station mixed-use neighborhood.

Cresset plans to maneuver from its present residence at close by 11951 Freedom Drive someday this summer season.

Comstock developed the 16-story constructing in 2017. 

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“[Cresset] was drawn to Reston Station for the mix of best-in-class new workplace area, worker entry to public transit on Metro’s silver line, and proximity to onsite eating places and retail facilities,” Tim Steffan, govt vice chairman of leasing, growth and asset administration in Cresset’s actual property arm, advised Business Observer.

The brand new location will present Cresset workers direct entry to the Wiehle-Reston East Metro station, bike paths, quite a few eating places and retail choices at Reston Station. 

The property is located simply 20 miles from downtown D.C., and halfway between Dulles Worldwide Airport and Tysons Nook.

Different tenants embrace Rolls-Royce North America, which occupies 18,000 sq. toes, podcast platform Megaphone, which took 10,000 sq. toes in 2020 and Photo voltaic Winds with 16,349 sq. toes.

JLL represented Comstock within the deal, whereas Cushman & Wakefield dealt with issues for the tenant. 

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Requests for remark from Cresset weren’t instantly returned.

Keith Loria could be reached at Kloria@commercialobserver.com.



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Washington, D.C

A boil water advisory has been lifted for D.C. and Arlington ahead of July 4 influx

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A boil water advisory has been lifted for D.C. and Arlington ahead of July 4 influx


A boil water advisory has been lifted for D.C. and Arlington ahead of July 4 influx | Georgia Public Broadcasting

























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Washington, D.C

Boil water advisory issued for all of D.C., Arlington County due to algae blooms

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Boil water advisory issued for all of D.C., Arlington County due to algae blooms



7/3: CBS Morning News

19:56

A boil water advisory was issued Wednesday night for the entire District of Columbia and neighboring Arlington County due to a spike in algae blooms in the Potomac River, officials said.

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The District of Columbia Water and Sewer Authority said the advisory, which it described as “precautionary,” also included the Pentagon, Arlington National Cemetery and Reagan National Airport.

“We have no information that the water was contaminated by this incident, but we issue this advisory as a precaution while we test the water,” the agency said.

The Washington Aqueduct is sourced by the Potomac River and serves as the public water supply for about one million people in the D.C. area, Arlington County and other portions of Northern Virginia.

The U.S. Army Corps of Engineers said in a news release that the advisory stemmed from “elevated turbidity levels in the water supply caused by increases in algae blooms in the Potomac River.”

Turbidity is a measure of the clarity and cloudiness of water.  

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“Customers may notice their water looks cloudy or hazy,” Arlington County said in a news release.

The Washington Aqueduct has two water treatment plants. The Army Corps of Engineers responded to the elevated turbidity by temporarily transferring all water treatment operations from the Dalecarlia plant to the McMillan plant, DC Water said.

The Environmental Protection Agency also authorized adding additional copper sulfate and sodium permanganate to the aqueduct’s reservoirs to combat the algae, the Army Corps of Engineers said.

Residents were advised to bring drinking water to a rolling boil for one minute before letting it cool. Water should then be stored in a covered container.

The advisory will remain in effect until further testing deems the water safe to drink. 

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Washington, D.C

DC staring at $4.4 million penalty for errors in paying out SNAP benefits – Washington Examiner

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DC staring at $4.4 million penalty for errors in paying out SNAP benefits – Washington Examiner


The federal government is fining Washington, D.C., $4.4 million due to what it considers a higher-than-acceptable error rate in its payments to recipients of food assistance programs. 

It is the second year in a row that district officials have exceeded the error rate in processing benefits in the Supplemental Nutrition Assistance Program. The Department of Agriculture found that in 20% of cases, the district either overpaid or underpaid SNAP recipients. 

The USDA only issues a penalty if the payment error rate exceeds 6% two years in a row.

Roughly 140,000 district families rely on SNAP benefits in order to make ends meet. Instances where an error occurs can have a severe impact on families as it can take months to correct them. Typically, the district’s Department of Human Services won’t even pick up on the errors as it falls on the families to bring it to the officials’ attention.

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“Even when these errors are corrected, potentially months later, the impacted recipients and their families are not made whole,” Haley Hoff, an attorney with Legal D.C. advocating families who rely on SNAP, told the Washington Post. “District residents go hungry when [the D.C. Access System] prevents them from obtaining their full SNAP entitlement.”

Laura Zeilinger, director of the district’s Department of Human Services, and Wayne Turnage, deputy mayor of health and human services, attended a city council hearing to address concerns regarding the high payment error rates. The D.C. Access System — which is in control of administering SNAP benefits, the Temporary Assistance For Needy Families program, and about 300,000 Medicaid enrollees — is tremendously stressed, according to Turnage. It has reportedly cost taxpayers $600 million to develop and maintain the D.C. Access System.

Turnage said the staff managing the system have struggled to keep up with its high demands, and the have had to work overtime and weekend shifts. Since 2022, Washington, D.C., has the slowest processing rate for SNAP applications in the nation.

CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER

USDA is allowing the district a few options in dealing with the fine. The agency would allow the city to reinvest half of the penalty in making improvements in the SNAP system.  

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Turnage said that the department is working to identify the core problems within the SNAP system.



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