Washington, D.C
WeWork Works Out Deal at DC’s Midtown Center Amid Bankruptcy
WeWork has extended a key Downtown Washington, D.C., lease as it works its way through bankruptcy, the company announced Tuesday.
The coworking giant negotiated a deal with landlord Carr Properties to remain at Midtown Center, working out a reduction in rent for less space at the two-building complex. The deal follows WeWork’s recent request from the court overseeing its bankruptcy proceedings for additional time to negotiate with landlords to remain in some of its current spaces while it tries to find fresh financing.
In 2019, WeWork signed a lease for 110,000 square feet at the 868,000-square-foot at 1100 15th Street NW. It was not immediately clear how much space the coworking company will retain going forward.
The two-tower Midtown Center, which was completed in 2018, is facing its own share of trouble. Majority tenant Fannie Mae plans to vacate its 713,000-square-foot headquarters at the property in 2029, five years earlier than expected, Commercial Observer reported in January, resulting in some long-term risk for the lender.
WeWork, which filed for Chapter 11 bankruptcy in November, has 11 other spaces in the D.C. region. The company also filed a motion to retain its space at The Wilson, a 348,000-square-foot property at 7272 Wisconsin Avenue in Bethesda, Md., also owned by Carr Properties. It’s unclear what’s happening with the other 10 locations.
The coworking company also announced deals to remain at two other properties across the U.S.: a 55,400-square-foot space at 830 NE Holladay Street in the Lloyd District of Portland, Ore.; and approximately 40,000 square feet at the 29-story 831 S. Peachtree in Norcross, Ga., which was developed by a joint venture between the Hanover Company and The Loudermilk Companies. No details were disclosed if WeWork would also be giving up space in exchange for rent reductions at these properties.
“This new agreement cements our long-term partnership with Carr Properties and our commitment to the capital, positioning WeWork to deliver solutions that power D.C.’s entrepreneurial and business community for the future,” Kate Harper, vice president of global real estate at WeWork, said in a prepared statement.
WeWork also announced a plan for revenue sharing and management agreements with more than two dozen landlords around the U.S., though exact locations weren’t shared. It has also renegotiated leases for several locations around the country that include reduced rent and shorter lengths.
As part of its bankruptcy proceeding, WeWork has been dropping dozens of locations around the country and has drawn the ire of some landlords.
A group of WeWork landlords accused the coworking company of skipping out on $33 million in rent that came due Jan. 1, while WeWork accused others of demanding above-market rent and keeping WeWork on the hook for penalties and back rent.
WeWork could not disclose further information outside of its filing.
Keith Loria can be reached at Kloria@commercialobserver.com.
Washington, D.C
Fresh Start 5K race kicks off on New Year’s Day in DC – WTOP News
A D.C. tradition continues on New Year’s Day, as the Fresh Start 5K is expected to attract thousands of runners and walkers to Anacostia Park.
A D.C. tradition continues on New Year’s Day, as thousands of runners and walkers are expected to gather at Anacostia Park to kick off 2025 with a Fresh Start 5K race.
The 5K race begins at 1800 Anacostia Dr. in southeast D.C. at 11 a.m. on Wednesday. Registration begins at 9 a.m.
“This event has grown and grown and grown,” said D.C. Parks and Recreation Director Thennie Freeman.
The Fresh Start 5K brought in 6,000 participants on New Year’s Day in 2024, and with fair weather predicted on the first day of 2025, organizers are predicting even more participants.
The 5K race will mark the event’s 11th year and is one of Mayor Muriel Bowser’s pet projects.
Bowser helped start the event after clinching the D.C. mayorship in 2015. The race is part Bowser’s vision of having D.C. residents prioritize their physical health.
The running social group Pacers has been hosting pop-up events all month in an effort to get people ready for the race.
“It’s so beautiful to see,” Freeman told WTOP. “People are walking with their animals. They’re strolling their children.”
There’s also a “Kids Dash” event for young runners under the age of 12, said Freeman.
“There were so many children coming out, we had to do something special for them,” Freeman said. “This is the second time we’re doing a Kids Dash.”
Registrations are being taken all the way to the start of the race. You can register online at FitDC.com.
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Washington, D.C
How Trump won a second term and delivered DC to the GOP – Washington Examiner
President-elect Donald Trump entered Election Day in a virtual tie against Vice President Kamala Harris, according to several poll aggregates, yet by early Wednesday morning, he easily defeated his rival.
“This is a movement like nobody’s ever seen before and, frankly, this was, I believe, the greatest political movement of all time,” Trump boasted during his victory speech.
As the results began to roll in that Tuesday evening, Trump won the first battleground state of North Carolina before winning Georgia, then Pennsylvania, and sweeping Michigan, Wisconsin, Nevada, and Arizona.
He went on to win 312 Electoral College votes compared to Harris’s 226 votes and the popular vote, becoming the first Republican president since George W. Bush in 2004 to accomplish this feat.
Trump rode a wave of public anger over rising grocery and gas prices that helped reinstate him as president and gave Republicans control over the House and Senate, along with previous majority control of the Supreme Court, in a backlash against President Joe Biden’s administration.
With Biden and subsequently Harris as the de facto incumbent candidate, one political expert claimed the race was there for Democrats to lose.
“While I see the political accomplishment of Trump (or any Republican) winning the popular vote and sweeping all swing states, I nevertheless think that it’s mostly Democrats who lost the election,” said Louis Perron, a political consultant and author of Beat the Incumbent: Proven Strategies and Tactics to Win Elections.
“Did you win? Or did the other side lose? In this case, I think Democrats blew it. And I say Democrats specifically and not Harris,” Perron continued.
Trump was likely on the march to trouncing Biden, whose mental acuity was a key topic of concern among voters and as voters increasingly disapproved of his leadership. Biden’s disastrous debate against Trump on June 27, in which he often appeared confused, accelerated calls among fellow Democrats for him to stand down from reelection.
A little over a month later, Biden announced on X that he was suspending his campaign. Hours later, he endorsed Harris to replace him atop the Democratic ticket.
Harris’s quick consolidation of the Democratic Party, historic fundraising figures, and extensive ground game operation should have given her the advantage heading into the election. But there were key warning signs.
Public heartburn over the economy and the rising immigration crisis at the southern border proved no match for Harris, who struggled to distance herself from Biden’s administration. When Harris told the hosts of The View there was “not a thing” she would do differently than Biden, Trump and Vice President-elect J.D. Vance repeatedly aired the clip at campaign rallies.
Piggybacking off of Trump’s populist approach, Senate Republicans were able to brand the Democrats and Biden as out-of-touch elitists. The effort resulted in the GOP retaking the upper chamber by flipping seats in West Virginia, with Sen. Joe Manchin retiring, Ohio, Montana, and Pennsylvania.
Bernie Moreno took down Sen. Sherrod Brown (D-OH), while Tim Sheehy toppled Sen. Jon Tester (D-MT), the most vulnerable incumbent senator, and Dave McCormick unseated Sen. Bob Casey (D-PA). The GOP now holds a 53-47 majority.
More than a week after the election, House Republicans narrowly held on to their control of the lower chamber after losing seats in New York and California. Their win marks the first year since 2018 that the GOP has had a governing trifecta.
House Speaker Mike Johnson (R-LA) will likely hold on to his leadership role after the success of the election and given Trump’s support.
“The mandate that has been delivered shows that a majority of Americans are eager for secure borders, lower costs, peace through strength, and a return to common sense,” Johnson wrote in a congratulatory letter to the conference. “With unified Republican government, if we meet this historic moment together, the next two years can result in the most consequential Congress of the modern era.”
Grant Reeher, professor of political science at the Maxwell School at Syracuse University, claimed that voters in the battleground states were most primed to display their economic anger at Democrats after the last four years of inflation.
“They have been the ones that have really been living the brunt of this,” Reeher said. “And so they were the most, I think, ripe for the picking, if you will, for the Republicans, and the most receptive to the kinds of messages that Trump was offering on the economy.”
The vice president raised a historic $1 billion in roughly three months and repeatedly boasted about having more campaign staff and field offices in the seven battleground states. Yet, according to most preelection polls, Trump remained within striking distance of Harris.
Harris also campaigned heavily on galvanizing women voters around the Supreme Court’s overturning of Roe v. Wade and restoring abortion access. However, Trump proved he could run on gender, and he frequently appeared on podcasts geared toward young male voters, culminating in an appearance on Joe Rogan’s podcast.
Harris won women voters by an 8-point margin, while Trump won male voters by a 13-point margin, according to CNN exit poll results.
Anti-abortion conservatives championed Trump’s win as an example that the public was no longer politically motivated by Roe.
“This election proves that abortion was not the silver bullet Democrats thought it would be. Even after Democrats put half a billion dollars behind abortion TV ads in this election, they still lost the presidency, the Senate, and potentially the House,” Marjorie Dannenfelser, president of Susan B. Anthony Pro-Life America, said in a statement. “The reason? Their extreme abortion agenda is out of step with Americans. And their fearmongering and abortion lies did not work. There was not a historic gender gap that ushered in Kamala Harris’s abortion policies. That’s because most Americans support early, reasonable limits on abortion.”
Another feat Trump accomplished was winning more Hispanic voters at 45%, according to NBC News exit polls, a record high for a GOP presidential candidate, and winning more Asian and black voters than most GOP candidates have done in decades by running on a populist pitch.
Steven Hilding, a Republican strategist in Nevada, pointed to Trump’s efforts to reach niche voting blocs as an example of how his campaign helped win the popular vote.
“You saw Trump do things like going to the sneaker convention and socializing with young minority males,” Hilding said. “You saw him having a Greek and Cyprian American leadership council … he was able to make some inroads in the Muslim communities in Michigan.”
In the final days before the election, Trump visited a Dearborn, Michigan, cafe owned by an Arab American leader. Dearborn’s Arab and Muslim population long signaled their disapproval of the Biden administration’s handling of the Israel-Hamas war.
Also hobbling Harris was the struggle to define herself to the public once she became the nominee. During her 2020 run for president, she embraced several left-leaning policy issues, such as fracking, that she later denounced in the run-up to the election.
“Harris ran a deliberately, in terms of policy, pretty vague campaign. I don’t blame her for that. You have 107 days. What are you going to do?” Reeher said. “And also, you want to distance yourself from a presidential administration, but you don’t want to throw that administration under the bus. So, how do you finesse that? Well, she tried, but it didn’t really end up working out.”
WHAT MAGA AND THE GOP WILL LOOK LIKE IN A POST-TRUMP ERA
In the end, Democrats are now left scrambling over how to win back disaffected voters who overwhelmingly rejected the Harris campaign as Trump governs over the next four years. Trump, at least, claims that easing financial burdens for the average American will be a top priority.
“We have to put our country first for at least a period of time. We have to fix it. Because together, we can truly make America great again for all Americans,” Trump claimed in his election victory speech.
Washington, D.C
Rain-soaked Saturday across DC region, Sunday brings 60s and sunshine
A wet and dreary Saturday is on the horizon for the D.C. metro area, but Sunday’s weather may offer a brighter reprieve, with warmer temperatures and breaks of sunshine possible ahead of the Commanders’ Sunday night game. FOX 5 meteorologist Mike Thomas has the forecast.
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