JBG Smith warns appealing Wardman Tower judgment could 'impact our liquidity' By Michael Neibauer - Managing Editor, Washington Business Journal Aug 10, 2026 Updated Aug 10, 2026 11:11am EDT Preview this article 1 min CEO Matt Kelly says the judgment was a "shocking surprise." Don't Stop Here - Continue Reading For $1 Per Week Secure 4 weeks of award-winning news and trusted insights Subscribe for only $4 * How Wardman Tower condo owners won a $356M judgment against JBG Smith How Wardman Tower condo owners won a $356M judgment against JBG Smith * JBG Smith postpones earnings after $356M lawsuit judgment JBG Smith postpones earnings after $356M lawsuit judgment * Central Place Residences sells for $206M, with a condo twist Central Place Residences sells for $206M, with a condo twist * Monument Realty buys Virginia property from JBG Smith Monument Realty buys Virginia property from JBG Smith

JBG SMITH, a Washington, DC-based mixed-use property developer, reported its second quarter 2026 financial results. The company filed its Form 10-Q for the quarter ended 30 June 2026. Annualised net operating income reached $249.3 million for the three months ended 30 June 2026, compared to $249.7 million in the previous quarter. When adjusting for recently sold and recapitalised assets, annualised NOI increased to $249.2 million from $246.1 million. The increase was primarily driven by higher occupancy and lower utilities expenses in the multifamily portfolio, alongside higher parking revenue in the commercial portfolio. Same store NOI decreased 4.0% to $54.8 million year-on-year, mainly due to lower rental revenue and higher expenses across both multifamily and commercial properties.

Morning Notes for July 16, 2026. Published July 16, 2026 at 7:30AM Iraqi Visit Grounds DCA - New details have emerged about Tuesday's ground stop at Reagan National, when security for Iraqi Prime Minister Ali al-Zaidi's visit halted flights for hours. "Commercial flights were postponed from taking off or landing at the D.C.-area airport from 11 a.m. ET until around 3 p.m. Over 300 flights were delayed and at least 126 flights were canceled, according to the flight tracking site FlightAware." [CBS News, Dave Statter/X] JBG Smith Exits Rosslyn - JBG Smith is poised to sell Central Place Residences, a 31-story, 377-unit apartment tower atop the Rosslyn Metro station at 1800 N. Lynn Street, to Boston-based Berkshire Residential Investments for a price expected to top $200 million. The deal would mark the Bethesda-based developer's full exit from the Rosslyn market. [WBJ] Drifting at the Pentagon - "Someone had fun at 3:30 this morning at a Pentagon parking lot on Army Navy Drive," Dave Statter posted Wednesday, sharing video of the pre-dawn drifting. He wondered whether it was the same driver who used to do the same thing at the intersection with Eads Street before police caught him near the Pentagon. [Dave Statter/X] O'Connell Runners Defend Titles - The Bishop O'Connell boys cross-country team is gearing up to defend two 2025 championships this fall. Last year's squad first won the Virginia state Catholic crown, then captured the Division I state championship for the first time in 25 years. It has many key performers returning. [RunWashington] MWAA Taps Airport Advisers - The Metropolitan Washington Airports Authority awarded a combined $50 million in contracts to HNTB, Accenture and EY to help oversee coming infrastructure projects at Reagan National and Dulles. The work is expected to include replacing Reagan National's aging Terminal 1 "banjo" concourse and a $22 billion overhaul at Dulles. [WBJ] Who Pays for Power Lines - Consumer advocates and Gov. Abigail Spanberger's (D) administration are pushing state regulators to make data centers pay for the high-voltage transmission lines that serve them, part of a Dominion Energy case over how power line costs hit customer bills. The State Corporation Commission has until Aug. 1 to decide. [Virginia Mercury] Heat Slows Amtrak Trains - Amtrak has added temperature-related speed restrictions across the Northeast, including the D.C. region, as extreme heat grips the area. Trains may run at reduced speeds and face delays between 11 a.m. and 7 p.m. through Friday, and affected customers have already been notified. [Fox 5] Business Optimism Ticks Up - Optimism among N. Va. business leaders is improving, though some worry about taxes and the state's new paid family and medical leave program, according to a second-quarter survey from the Northern Virginia Chamber of Commerce and PR firm Pinkston. About three-quarters are optimistic about their company's performance, up from 67% in the first quarter. [FFXnow] Youngkin Joins Venture Studio - Former Virginia Gov. Glenn Youngkin (R) is returning to dealmaking, joining venture studio Red Cell Partners as a partner, chairman and board member, he told Axios. Youngkin, who left as Carlyle co-CEO in 2020 to run for governor, said the role will take one to two days a week and reiterated he has no plans to run for president in 2028. [Axios] It's Thursday - Expect mostly sunny skies with a high near 100 and heat index values as high as 104, along with areas of smoke between 9 a.m. and 3 p.m. Winds will be light from the northwest at 3-8 mph. Overnight, a slight chance of evening showers and thunderstorms gives way to a partly cloudy low around 77. [NWS] There's more local news to explore. Check out WSHnow, with stories from around the region. * ARLnow.com Launched in January 2010, ARLnow.com is the place for the latest news, views and things to do around Arlington, Virginia. The ARLnow staff byline is used for the Morning Notes and reporting done by an editor or other member of our full-time staff.