Metro names New Carrollton station developers Forest City Enterprises Inc. and Urban Atlantic Development have been tapped by Metro to develop a mixed-use transit-oriented project on 39 acres near the New Carrollton Metro, Amtrak and MARC stations.
Metro’s board of directors approved the selection and a memorandum of understanding with Cleveland’s Forest City and Bethesda’s Urban Atlantic.
D.C. good for minority entrepreneurs
Washington ranks eighth in Forbes Magazine’s annual list of best cities for minority entrepreneurs.
Even more impressive is Baltimore’s showing, second only to Atlanta for minority business start-ups, Forbes says. Baltimore also ranked third in the country for the percentage of self-employed Asians.
Carlyle looks to sub-Saharan Africa
The Carlyle Group, a D.C. buyout firm, says it has established a team to find investment opportunities in sub-Saharan Africa.
The team will operate out of offices in Johannesburg, South Africa, and Lagos, Nigeria.
Its initial buyout targets in sub-Saharan Africa will include consumer goods, financial services, agriculture, infrastructure and energy.
Carlyle says it has invested $6.4 billion in emerging markets since 1999 with 12 offices in nine emerging market countries.
