Business

JPMorgan Chase & Co. on Thursday announced that it will be donating $6 million to five of the D.C. region's larger school districts in an effort to encourage students to study technology-related fields and help them find higher-paying jobs.

About $15 billion in fresh investment and creation of 62,000 more jobs will come as a boost to the economy of D.C. area and Northern Virginia, according to a new study released last week by Virginia Chamber Foundation.

The NHP Foundation, a non-profit organization that specializes in multifamily housing, has secured financing for redeveloping a 104-unit property in Maryland named "Takoma Place Apartments." The Washington, D.C. asset was acquired by the housing provider in March 2017.

Anacostia Economic Development Corp. and Flaherty & Collins Properties have started work on a 252-unit community which is planned to include 202 affordable apartments in Washington, D.C.

In a major boost to foreign capital investment in D.C., German investment firm Deka Immobilien has acquired 1100 Vermont Ave. NW, which is a boutique office building, for $41 million.

The 300-room Hilton Garden Inn Washington D.C. Downtown has been sold for $128 million. Xenia Hotels & Resorts announced the finalization of the sale on Friday.

Roadside Development and North America Sekisui House, LLC (NASH) will spend $640 million to redevelop a 10-acre property, which is the former Fannie Mae headquarters in Washington, D.C., in order to turn it into a one million-square-foot "City Ridge" mixed-use destination.

Moxy Hotels, part of Marriott International, will officially open in Washington D.C. next month. The luxury hotel claims it is aiming to reinvent the lifestyle hotel experience in the national capital.