NEWS FEED

The Washington Post Sunday - - TAKING STOCK -

In­no­vat­ing here: Or­a­cle is form­ing a unit it’s call­ing a start-up within its U.S. op­er­a­tions to work on new tech­nolo­gies that may in­clude vir­tual re­al­ity and ar­ti­fi­cial in­tel­li­gence. The com­pany’s ef­fort will in­clude new cen­ters in Re­ston, Va., and Den­ver for “cut­ting-edge” prod­ucts, ac­cord­ing to job post­ings on its web­site.

Go­ing pub­lic: Ap­pian, a Re­ston­based firm that de­vel­ops soft­ware to man­age busi­ness pro­cesses, served no­tice it plans to file for an ini­tial pub­lic of­fer­ing of stock to raise $86.25 mil­lion. The num­ber of shares to be of­fered and the price range for the pro­posed of­fer­ing have not yet been de­ter­mined.

Team­ing up: Bethesda-based Walker & Dun­lop and Black­stone Mort­gage Trust have formed a joint ven­ture to orig­i­nate, hold and fi­nance cer­tain loans for apart­ment build­ings and other mul­ti­fam­ily prop­er­ties. Walker & Dun­lop will con­trib­ute 15 per­cent of the ven­ture’s eq­uity cap­i­tal, and BXMT will con­trib­ute 85 per­cent.

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