This Week’s Business News and Notes

January 25 – 31, 2007

Buon Fresco – Wall Artistry is opening “The Academy of Wall Artistry” in March, 2007, at 308 Hillwood Avenue in Falls Church. The Academy, which began in 1997, is a decorative art school focusing on innovative design and finish techniques. Beginners and professional finishers can attend courses such as ‘Venetian Plaster Intensive’; ‘Venetian Plaster as Marble on Columns’; ‘Gold and Metal Leafing Essentials for Interior Décor’; and their well named ‘What you absolutely MUST know about Color to decorate a house – Intensive class’! Advanced classes are also offered in Stencil Designs’; ‘Marketing & Business for the Decorative Artist’; and ‘The Top Drawer Classics of Decorative Painting’; and more. Victoria Bingham, The Academy’s principle instructor and founder, is an award winning artist and inventor holding 2 US patents. The Academy’s classes are suitable for the fine artist, the house painter, the do-it-yourself-home decorator and the finishing professional alike. For more information visit or call 703/914-5606.


Clare and Don’s Beach Shack is now open for lunch and dinner seven days a week in Falls Church. Sibling owners David Tax and Rebecca Tax relocated the popular seafood and casual dining restaurant from Clarendon to 130 N. Washington Street – between Argia’s and The State Theatre. Tax and Tax moved their other business, Lazy Sundae, from Clarendon to Falls Church last summer. Clare and Don’s menu is not available online yet but will be soon –


Defense Holdings Inc. (DHi) has appointed Roger B. Neighborgall as the company’s new Vice-president for Special Projects. Mr. Neighborgall’s extensive business background has included over 50 years in senior leadership positions with organizations such as Page Communications, Inc., Computing and Software, Inc., Sperry Corp., Diagnostic Retrieval Systems, Inc., and the Federal government. He is also an experienced Congressional lobbyist. Still an active tennis player at 83, Mr. Neighborgall is the founder and President of the 5,000 member Northern Virginia Tennis League. He is also president of the Board of Directors of the Washington and Old Dominion (W&OD) Trail Organization as well as being former president of YMCA of Washington, DC, and the WWII Rangers Association. Earlier this year, he served as Grand Marshal of the 25th Annual City of Falls Church, Virginia, Memorial Day Parade. DHi has technical offices in Arlington, Virginia; Annapolis, Maryland; Dover, New Hampshire; Trenton, North Carolina; Honolulu, Hawaii; San Diego, California; Jacksonville, FL; and Bremerton, Washington. For more information visit


PRS (formerly Psychiatric Rehabilitative Services) has named the Vienna Safeway its 2006 PRS Falls Church Employer of the Year Award. PRS Employment Services Specialists have worked with Safeway, located at 225 East Maple Avenue in Vienna. PRS is a community-based nonprofit organization that provides training and support to men and women with psychiatric disabilities so that they may live independently in the community. PRS Employment Services focus on assisting clients in their employment efforts using the “Choose-Get-Keep” model of supported employment, ensuring that each client receives services tailored to his/her particular needs, abilities and career goals. This approach has been shown to be extremely effective: last year PRS placed over 60% of its Employment Services clients in competitive jobs. The national employment rate for persons with mental illness is 10%. Additional information about PRS can be found at


Spence Hill Associates has arranged $13,520,000 of acquisition and permanent financing for Tysons Pond II, a 66,106 square-foot office building located at 1604 Spring Hill Road, Vienna. Tysons Pond II will serve as the future headquarters of East West Mortgage Company, Inc., one of the nation’s largest residential mortgage brokerage firms. East West Mortgage will occupy approximately 48,000 square feet in the office building by year-end 2007. Michael H. Trauberman, Managing Director of Spence Hill Associates, arranged and negotiated the transaction on an exclusive basis on behalf of East West Holdings, LLC. The loan was placed with Wachovia Bank, N.A. Headquartered in Falls Church, Spence Hill Associates is a real estate investment banking firm which arranges the financing and sale of commercial real estate and provides financial advisory services to real estate owners, developers and institutions throughout the United States. For additional information, please contact Trauberman
at [email protected].