Tag Archives: DC real estate

NoMa Parks Foundation opens rain installation in M Street NE Underpass

Thousands of light-up rods now hang from the Metro underpass on M Street, Northeast.

The first of four planned Art Parks titled “Rain” serves to beautify and brighten the underpass for pedestrians 24 hours a day.  The lights pulse in response to traffic and provide pedestrians a safer, more enjoyable experience. Look for the next NoMa Art Park titled “Lightweave”, beginning construction on L Street NE underpass this November!

PHOTO CREDIT: NOMA PARKS FOUNDATION VIA WASHINGTONIAN.COM/2018/10/26/PHOTOS-DCS-FIRST-UNDERPASS-ART-PARK-OPENS-IN-NOMA/

NoMa Parks Foundation Opens Rain Installation in M Street NE Underpass

Bo Menkiti Recognized as a RisMedia Real Estate Newsmaker

RISMedia has announced it has chosen Bo Menkiti as a member of the Class of 2019 Real Estate Newsmakers, which will be revealed in the December 2018 issue of RISMedia’s Real Estate magazine, and featured online at RISMedia.com.

RISMedia’s Real Estate Newsmakers is an exclusive group of industry luminaries who have contributed in newsworthy ways to real estate.  The 2019 Class was chosen by RISMedia editors for headline-making initiatives and successes, including, but not limited to:

  • Advancing the industry
  • Impacting change
  • Technology achievements
  • Diversity and inclusion
  • Business accomplishments and growth
  • Humanitarian efforts
  • Industry activism and support
  • Thought leadership and influence
  • Excellence in customer service
  • Creativity and innovation

“RISMedia’s Real Estate Newsmaker Awards honor the industry’s real newsmakers—the people who are positively affecting our industry and the millions of consumers we serve,” says John Featherston, CEO and president of RISMedia. “Our industry promotes and provides consumers with a pathway to responsible homeownership. Over the past three-plus decades, RISMedia has covered, chronicled and celebrated the professionals making news in real estate, and we are honored to continue to formalize these honors with the 2019 annual RISMedia Real Estate Newsmaker Awards.”

For More Information, visit RisMedia.com.

5 Stunning Kitchens That Prove Going Bold Is Worth the Risk

Source: Jennifer Barger – Washingtonian.com

Below are five stunning kitchen trends that prove going bold is worth the risk.

  1. Dark and Handsome
    Brass hardware, patterned tile floors, and dark navy cabinets
  2. Blue Wave
    One part calm and Two parts creative
  3. Traffic Stopper
    An eye-catching burst of color
  4. The Great Indoors
    Earthy yet sophisticated
  5. Crayola Kitchen
    Black concrete countertops with edgy modern cabinets

Our favorite is the Blue Wave – teal, white and beachy wood combine in a peaceful space. Learn more about the Five Trends on Washingtonian.com.

Check out our Blue Wave kitchens at 700 16th Street NE in Kingman Park at MGLivingDC.com.

The Menkiti Group Named One of the Nation’s Fastest-Growing Inner City Businesses

Washington, DC, October 3, 2018- The Initiative for a Competitive Inner City (ICIC) announced that The Menkiti Group has made the 2018 Inner City 100 list of the fastest-growing inner city businesses in America, based on revenue growth. ICIC, a 25-year-old national nonprofit founded by Harvard Business School professor Michael E. Porter, promotes economic prosperity in America’s inner cities through private sector investment that leads to jobs, income and wealth creation for local residents.

The list was revealed at the 20th Annual Inner City 100 Conference and Awards in Boston October 1-2.  The full list is available on Fortune’s website. The Menkiti Group, led by CEO Bo Menkiti was ranked #93 based on its growth rate from 2013 to 2017 of 68.26% and 2017 revenue of $17,515,873.

2018 marked the 5th appearance on the prestigious list for The Menkiti Group, placing the company into the ICIC fastest-growing companies Hall of Fame. Keller Williams Capital Properties was also ranked for a record 5th appearance, this year at #92, which places the company into the Hall of Fame as well.

Said ICIC CEO Steve Grossman, “Inner City 100 companies are forces of economic opportunity, optimism and transformation in their communities. They lead the way in innovation, job creation and economic revitalization and it’s an honor to shine the spotlight on their leadership and accomplishments. In addition to excellence in business, these pioneering entrepreneurs have demonstrated a deep commitment to and passion for their communities, which significantly impact the wellbeing of their local economies”.

Now celebrating its 20th year, ICIC’s Inner City 100 list has long celebrated urban entrepreneurship. Since its inception, ICIC’s list has recognized 975 companies, which have seen average growth rates of more than 400 percent during a five-year period and have collectively created more than 126,000 meaningful jobs in America’s distressed and underserved communities and neighborhoods.  The Inner City 100 program opens doors for other budding urban entrepreneurs and stimulates inner city business development and job creation through recognition, networking and learning.

“These businesses and their owners are a testament to the impact innovation and entrepreneurship have had in rejuvenating urban areas across the U.S. Companies such as (COMPANY NAME) are experiencing revenue growth and increased investment, which are in turn creating more jobs and economic opportunity for citizens in the communities where these companies call home” said ICIC President and COO, Matt Camp.

2018 Inner City 100 by the numbers:

  • Average growth rate of 436 percent between 2013 and 2017
  • Represent 46 cities in 23 states
  • Employed 10,085 individuals in 2017
  • Created 5,516 new jobs in the last five years
  • On average, 36 percent of employees live in same neighborhood as the company.
  • Average company age is 15 years
  • Average 2016 revenue is $14.8 million
  • 31 percent are women-led
  • 38 percent are minority-led
  • Represent 26 industries

CEOs from the winning companies were invited to the Inner City 100 Conference and Awards, two days of robust networking opportunities and educational sessions led by Fortune 500 executives and academics from top-tier universities, including Harvard Business School. Past winners have reported connecting with multi-million dollar investors as a result of appearing on the Inner City 100 list and attending the Conference.

Initiative for a Competitive Inner City (ICIC)

ICIC is a national nonprofit founded by Harvard Business School professor Michael E. Porter. ICIC’s mission is to promote economic prosperity in America’s inner cities through private sector investment that leads to jobs, income and wealth creation for local residents. Through its research on inner city economies, ICIC provides businesses, governments and investors with the most comprehensive and actionable information in the field about urban market opportunities. The organization supports urban businesses through the Inner City 100, Inner City Capital Connections, Goldman Sachs 10,000 Small Businesses program, and Santander Bank’s Cultivate Small Business program. Learn more at www.icic.org or @icicorg.

Capitol Vista Breaks Ground

As reported by the Executive Office of the Mayor on Tuesday, September 25, 2018:

“Today, Mayor Bowser broke ground on Capitol Vista, a 104-unit affordable housing community in the amenity-rich Mount Vernon Triangle neighborhood in Ward 6. This groundbreaking follows recent affordable housing announcements by Mayor Bowser in the Mount Vernon Triangle neighborhood, which include the grand opening of Plaza West, a 223-unit affordable housing community for seniors, families, and “grandfamilies,” and a groundbreaking on Liberty Place, an affordable housing project which will deliver permanent supportive housing units for those experiencing homelessness and units for veterans.

“As our city continues to grow and prosper, my Administration has remained laser-focused on ensuring residents of all backgrounds and income levels have access to safe and affordable places to live across all eight wards,” said Mayor Bowser. “Capitol Vista is an example of how we are meeting the diverse housing needs of Washingtonians and creating pathways to the middle class at the same time.”

Located at 810 New Jersey Avenue, NW, Capitol Vista will be comprised of 104 studio-, one-, and two-bedroom units for households earning up to 50 percent of the median family income (MFI) or $58,600 for a family of four. Capitol Vista will be a 100 percent affordable community with 3,000 square feet of ground floor retail and space for public art.

Capitol Vista is located in a transit-oriented, growing neighborhood within walking distance of four Metro stations and bus routes. It is also close to a grocery store, multiple places of worship, a library, recreation and restaurants, as well as downtown, employment centers and jobs.

Amenities for residents include a fitness center, conference room, clubroom, roof terrace, and bicycle parking.

The Capitol Vista affordable housing community was made possible through a collaboration of DC Government agencies, including the Office of the Deputy Mayor for Planning and Economic Development, the DC Department of Housing and Community Development, the DC Housing Finance Agency, and DC Housing Authority. Voltron Community Partners comprised of Dantes Partners LLC, Spectrum Management LLC, The Menkiti Group and Bailey Real Estate Holdings, will develop the project.

Mayor Bowser has designated September 24 through October 1 as #RootstoRoofs Housing Week across DC. The Capitol Vista groundbreaking is one several events highlighting the Bowser Administration’s progress in providing all Washingtonians a fair shot by creating and preserving affordable housing. Since coming into office, the Bowser Administration has delivered 6,000 affordable units, with another 5,200 under construction.

At the event, the Mayor was joined by Deputy Mayor for Planning and Economic Development Brian Kenner and Ward 6 Councilmember Charles Allen.”

Executive Office of the Mayor Newsroom

Learn more about Capitol Vista by visiting the project page.

Early Childhood Academy profiled in Commercial Observer

As reported by Christina Sturdivant-Sani of Commercial Observer on September 13, 2018:
“The Real Estate Struggle Is Real for DC Charter Schools”

“We’re incredibly excited to be able to bring a new building to this charter school serving very low-income students—it’s heavily aligned with our mission of transforming neighborhoods,” said Brian Burke, Executive Vice President at The Menkiti Group.

See the full Commercial Observer story here.

See our project page on the Early Childhood Academy PCS for more detail.

KW Capital Properties on Inc. 5000 List for the 8th Time

Washington, DC-based brokerage included in top 1% of Inc. 5000 Fastest Growing Companies with notable growth.

Today Keller Williams Capital Properties, an affiliate company of The Menkiti Group, was recognized on the 2017 Inc. 5000 list, an exclusive ranking of the nation’s fastest-growing private companies in America. 2017 marks the eighth year that the brokerage has appeared on the list for the remarkably consistent high growth displayed by the company.

Keller Williams Capital Properties (KWCP) is an Inc. 5000 Honoree, with a minimum of five appearances on the Inc. 5000 list, and is in rare company with eight consecutive appearances, placing the brokerage in the top 1% of all companies that have been included in the annual ranking since it was first published 36 years ago.

Since the brokerage was founded in 2006, KWCP has grown to seven offices throughout DC, Maryland, and Virginia, with nearly 1,000 agents. In 2016, KWCP recorded just over $2.1 billion in sales, with 4,414 transactions, marking significant increases in both areas over 2015. These figures all represent the brokerage’s standing as one of the fastest-growing Keller Williams Realty International franchises.

This latest ranking and recognition honor are preceded by recent inclusions in the Washington Business Journal’s Top Residential Real Estate Companies, and the Washingtonian’s list of Top Producing Agents and firms in the greater Washington, DC metro area.

To learn more about Keller Williams Capital Properties or to discuss business and career opportunities in leadership or agent entrepreneur roles, please contact Brandon Green at 202-350-9777.