CHCI

Report Calls for New Pathways and Policies to Advance Latine Representation in Tech Industry

Retrieved on: 
Tuesday, March 5, 2024

WASHINGTON, March 5, 2024 /PRNewswire/ -- Today the Kapor Foundation, a leading organization focused on addressing racial inequity in the technology sector, released a new report titled, The State of Tech Diversity: The Latine Tech Ecosystem, in partnership with the Hispanic Heritage Foundation, SomosVC, and Congressional Hispanic Caucus Institute (CHCI). This report, a first of its kind in providing a comprehensive data analysis from K-12 computer science (CS) education to venture capital funding, exposes systemic challenges faced by the Latine community across the tech pipeline and offers policy recommendations for systems change. 

Key Points: 
  • In the Latine Tech Ecosystem report, the Kapor Foundation, Hispanic Heritage Foundation, Somos VC, and Congressional Hispanic Caucus Institute examine Latine representation across K-12 computer science education, post-secondary pathways, the tech workforce and VC funding.
  • While 78% of Latine students have access to foundational CS courses, reflecting increased advocacy efforts, only 21% of enrolled course participants are Latine.
  • Even as Latine students are underrepresented within tech bootcamps (8%), the report finds apprenticeships show the most progress: in the past five years, Latine talent in tech apprenticeship roles has surged by 133%.
  • While recruitment strategies are crucial for bringing Latine talent into the tech industry, it's equally important to effectively employ strategies to retain and advance Latine talent in their roles, given the need for more culturally informed, responsible tech products and economies.

Comstock Acquires Development Site in Rockville, MD

Retrieved on: 
Tuesday, December 26, 2023

Comstock Holding Companies, Inc. (Nasdaq: CHCI) (“Comstock”), a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, announced today that it has completed the acquisition of an 18,150 square foot land parcel located at 41 Maryland Avenue in Rockville, Md.

Key Points: 
  • Comstock Holding Companies, Inc. (Nasdaq: CHCI) (“Comstock”), a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, announced today that it has completed the acquisition of an 18,150 square foot land parcel located at 41 Maryland Avenue in Rockville, Md.
  • (“Comstock 41”) through a wholly owned subsidiary for $1.5 million.
  • Comstock 41, currently a surface parking lot, has existing entitlements for at least 117 dwelling units and approximately 11,000 square feet of retail space.
  • “This strategic, debt-free acquisition of entitled land adjacent to Comstock assets at Rockville Metro Station provides an opportunity to further grow revenue and earnings,” said Christopher Clemente, Comstock’s Chairman and Chief Executive Officer.

Comstock Reports Third Quarter 2023 Results

Retrieved on: 
Thursday, November 9, 2023

Comstock Holding Companies, Inc. (Nasdaq: CHCI) (“Comstock” or the “Company”), a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, announced its financial results for the third quarter ended September 30, 2023.

Key Points: 
  • Comstock Holding Companies, Inc. (Nasdaq: CHCI) (“Comstock” or the “Company”), a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, announced its financial results for the third quarter ended September 30, 2023.
  • “The strategic growth platform we have built at Comstock continues to produce positive results, as evidenced by top-line revenue growth for the 13th consecutive quarter that included a 13% increase in recurring fee-based revenue streams,” said Christopher Clemente, Comstock’s Chairman and Chief Executive Officer.
  • I am proud of the high-quality assets we manage and our best-in-class team members that show up every single day focused on providing remarkable services and experiences.
  • I look forward to reporting on our continued success in future periods as we strive to maximize value for our shareholders.”

Readout of Historic Latino Cabinet Member Panel

Retrieved on: 
Friday, September 22, 2023

The event, in honor of National Hispanic Heritage Month, marked the first time all four Latino members of President Biden’s cabinet took the stage together for a public event.

Key Points: 
  • The event, in honor of National Hispanic Heritage Month, marked the first time all four Latino members of President Biden’s cabinet took the stage together for a public event.
  • During the fireside chat, moderator Ana Cabrera discussed with the Cabinet members the importance of Latino representation in President Biden’s Cabinet and their work in the Biden-Harris Administration to uplift the Hispanic community through the Investing in America agenda.
  • The panel also highlighted how Bidenomics has delivered for the Latino community, including achieving the lowest Latino unemployment rate on record and the fastest creation of Hispanic-owned businesses in more than a decade.
  • Administrator Guzman also underscored Latino’s immense impact on our economy, with more than five million Latino-owned small businesses that currently contribute $800 billion to our economy.

Comstock Announces Two Additional Restaurants Coming to Reston Station

Retrieved on: 
Tuesday, September 19, 2023

Both leases will occupy ground-level retail space at 1800 Reston Row Plaza, the first of two trophy office towers under construction in Reston Station’s second phase.

Key Points: 
  • Both leases will occupy ground-level retail space at 1800 Reston Row Plaza, the first of two trophy office towers under construction in Reston Station’s second phase.
  • Noku first opened its doors in Leesburg, Va. and features a broad menu of sushi, ramen, poke bowls, and hibachi.
  • “We are thrilled to welcome Noku and Tous les Jour to the Reston Row neighborhood,” said Timothy Steffan, Comstock’s Chief Operating Officer.
  • “They join the growing list of best-in-class dining options at Reston Station, which already includes Founding Farmers, Ebbitt House, and so many more.

Comstock Appoints former JBGS Executive David Paul to Board of Directors

Retrieved on: 
Wednesday, September 6, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230906582762/en/
    Mr. Paul is a seasoned real estate executive and former President and Chief Operating Officer of JBG SMITH (NYSE: JBGS), a publicly traded real estate investment trust.
  • Mr. Paul holds a bachelor’s degree from Vanderbilt University and an MBA from the Tuck School of Business at Dartmouth.
  • “David is an excellent addition to the Comstock Board, bringing a wealth of industry-specific knowledge and experience that will greatly benefit Comstock’s growth and expansion plans,” said Chris Clemente, Chairman and Chief Executive Officer of Comstock.
  • I look forward to applying my real estate experience as a board member to help Comstock continue to build a high-performing portfolio of assets.”

Securiport Relocating HQ from Washington, D.C. to Comstock’s Reston Station

Retrieved on: 
Thursday, August 31, 2023

The lease will immediately relocate Securiport into existing space at Reston Station on a temporary basis while the build out of their new headquarters is completed in the iconic Helmut Jahn-designed office tower, located at 1900 Reston Metro Plaza.

Key Points: 
  • The lease will immediately relocate Securiport into existing space at Reston Station on a temporary basis while the build out of their new headquarters is completed in the iconic Helmut Jahn-designed office tower, located at 1900 Reston Metro Plaza.
  • Securiport was founded in 2001 to address the security challenges of the 21st century.
  • “After 20 years in Washington D.C., although it was a hard decision, we are excited to move our headquarters to Reston Station,” said Dr. Enrique Segura, President and CEO of Securiport.
  • “We are thrilled to welcome Securiport to northern Virginia and Reston Station,” said Timothy Steffan, Chief Operating Officer for Comstock.

Comstock Reports Second Quarter 2023 Results

Retrieved on: 
Friday, August 11, 2023

Comstock Holding Companies, Inc. (Nasdaq: CHCI) (“Comstock” or the “Company”), a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, announced its financial results for the second quarter ended June 30, 2023.

Key Points: 
  • Comstock Holding Companies, Inc. (Nasdaq: CHCI) (“Comstock” or the “Company”), a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, announced its financial results for the second quarter ended June 30, 2023.
  • “We continue to benefit from the flight-to-quality trend, which in recent years has significantly increased demand for mixed-use and transit-oriented developments in premier suburban locations and contributed to our top-line revenue growth,” said Christopher Clemente, Comstock’s Chairman and Chief Executive Officer.
  • “As evidenced by our ability to attract and retain tenants in a challenging environment faced with widespread capital market headwinds, we are well positioned for ongoing success.
  • I am confident our growth will persist well into the future, primarily based on three key factors: our virtually debt-free, asset-light, fee-based business model, the proven demand for the high-quality assets we manage, develop, and operate, and the tireless dedication of our team members, who show up every day and are committed to delivering extraordinary services and experiences for our customers.”

Women Business Collaborative Welcomes Esther Aguilera and Lakshmi Eleswarpu

Retrieved on: 
Wednesday, July 26, 2023

WASHINGTON, July 26, 2023 /PRNewswire/ -- Women Business Collaborative (WBC) the first ever alliance dedicated to equal position, pay and power for all women in business with a unanimous board vote, recently added Esther Aguilera, Senior Advisor to Altura Capital and ALPHA, and Lakshmi Eleswarpu, Senior Vice President and Global Chief Information Officer of Sanofi to the WBC Board of Directors.

Key Points: 
  • WASHINGTON, July 26, 2023 /PRNewswire/ -- Women Business Collaborative (WBC) the first ever alliance dedicated to equal position, pay and power for all women in business with a unanimous board vote, recently added Esther Aguilera, Senior Advisor to Altura Capital and ALPHA, and Lakshmi Eleswarpu, Senior Vice President and Global Chief Information Officer of Sanofi to the WBC Board of Directors.
  • "We are thrilled to stand alongside Esther and Lakshmi, as they continue to pave the way for women."
  • "We are honored for the opportunity to have these two amazing women leaders join us, and we look forward to having them alongside our team and current board."
  • Eleswarpu joins the WBC board with exceptional experience in leading digital and business strategy on a global scale.

Comstock Announces Seerist, Inc. Lease

Retrieved on: 
Tuesday, July 11, 2023

Seerist provides a software platform to global corporations, governments, and organizations to help them forecast potential events that could disrupt their operations.

Key Points: 
  • Seerist provides a software platform to global corporations, governments, and organizations to help them forecast potential events that could disrupt their operations.
  • “Seerist is growing rapidly and to accommodate that growth, we needed to identify a larger space for our global headquarters,” said Jim Brooks, CEO at Seerist.
  • Seerist represents the third new tenant to join the Commerce District thus far in 2023 and is the fifth new tenant to join Comstock’s Reston Station neighborhood this year.
  • “We are delighted to welcome Seerist, Inc, to the Reston Station community,” said Tim Steffan, Chief Operating Officer for Comstock.