captioned by the national captioning institute --www.ncicap.org-- >> business news from the capipital region. this is "washington business report" with abc7 national correspondent rebecca cooper. >> thanks for joining us for a look at business and finance here and thehe washington region. this week, where commercial real-estate is headed in 2012. we w will take a regional look at virginia maryland, and d.c. from internet privacy to a big foreclosure settlement, and legislation making historyry in maryland. that settlement between the

banks and d the torney general's, it was some $25 billion and will go to reduce foreclosures doug gansler is the maland attorney general. he ruled on thee constitutionality of sameme-sex marriaiage. now he is the attorney general going after google. doug gansler thank you for joining us. i want to get to the foreclosure agreement. this google issue is on the foforefront everywhere. pepeople startining to figure out what is going to happen to them on march 1. >> what google is doing is invadingng up on everyone's privacy.. the questi is it isis it propriate. >> on march 1, that is the date they have said. >>hat is ing on right now

most people do not realize they can g go into your accounts and use your information to give e to advertisers. they are going to take all of their platforms and c combined it together so they will have a deep and rich profile on anyone they want to have no matter what part of google that you use. they are going to combine e it all and sell it to advertrtisers. >>egislators just recently discovered this gmail data mining with a can take all of yo information about your contacts and from itn the google plalatform. they say it is a service provided to consumerers because now they can better tailored to you what is he went to learn about or need. what is yoyour warning? >> it is where you draw the line.

internet companies need to make money. then there is the invasion of privacy. where do you draw the line? if you are going to do that, maybe people want to do a search and five minutes later there are ads about that spot where you are going, but you should have the ability to opt in or out >> it is really concerning some of the information you included in your letter. you have contacted the ceo of googlele d directly and are demanding a meeting with him. what you are saying is google ha made it virtually impsiblee to opt out of this. >> it is basically an monopoly. most people ususe google. everybody uses youtube. >> right n now, ere is no privacy setting. you say there is 9.

yoyou also said that if you use a new android smartphonpowered by google, like i do, you say you basically have to constantly logging off to keep them from mining that date. >> and droid is about hf of the market and d are driven byy google applications. not knowing about this new privacy policy, th are going to lk at every singl thing that you do and not tell you how to protect that data and wh they are going to do with that data and not give you a choice of whether y can opt in. >> has larry page given you any respononse so far? >> not yet. the urgency -- it is really going to blow up in consumers' faces. we hope to hear back and have that meeting.

>> are you considering a lauit? >> not at thisis time. >> the major foreclosure agreement -- $25 billion from five of the biggest lenders. this was about to fall apart. calilifornia's attorney general walk away and the banks wanted nothinto do with this agreement. well fargo got it done. some people say $25 billionon is just a slap on the wrist. >> there was a lot of negotiation. a couple of f months a, it was $5 billion. the big stiticking point was securitizationon. marilyn, unfortunately, was disproportionately hit by the foreclosure -- maryland unfortunately, was disproportionately hit by the foreclosure crisis. we have more money than new

york. that is good and bad. is going to help stem the foreclosure crisis an help turn the economy around. we cannot touch fannie mae a freddie mac because we have limited jurisdiction. it i is a big thing for us. >> youid holold out to make this agreement. wh did you finally get? >> w we gave u origition and sesecuritizationon claims. we did not give up securitization. we just -- we can still go after them for that criminally and for fair housi and c civil rights violations. we did not give up ver much. 42 pages worth of servicing standards for the future so they cannot wreak havoc in the futurere. >> you u annoced that based on your rulings, maryland would

honor mriages made in other states then you ruled on this legislation saying that it is constitutionalal. some are nervous that they could bring to my attenon to maryland. >> it will not bring any extra attention to maryland.. we already have same-sex marriage in d.c.. probably five years from now every y state will have it because the prohibition of same-sex marriage -- the supreme court will get a case on that. this is an issue that is very generation of. 10 years ago, he would not even imagine that we would be having this conversation -- you would not even imagines that we would be having this conversation. the people of maryland will be able to vote on the issue during the election. > thatat is anan area where you ve been pushing for tighter

environmental enforment and a big new bubusiness in maryland. why is the attney general and fall? >> the industry is a vibrant in maryland. it is thsinglele largest organically grown source of pollution in marynd. 1.2 billion poun of chicken manure. we are tryinto get a power plant to come to maryland s so we can convevert that into megegawatts of power. >> i ve to ask you -- you were not given kududos from the government i in the role that you played.. what do you have to say to that? >> it is fine. we worked closely with the people from the administration -- a banking regulator in maryland helped to lead the

country -- >> are you set for the race for governor? >> we are not there yet. the presidential election and then we will look at that at the beginning of next year. >> we will be right back after the break. ♪ ♪ ♪ ♪ [ multiple sounds makingelodic tune ] ♪ ♪ [ male announcer ] at northrop grman, every innovation every solution comes together for a single purpose -- to make thrle world a safer place. that's the value of performance. rthrop grumman. o0 c1

>> matt gray and his business partrtner opened their restaurant amorini panini i in 2010 and had a startup costs of about $40000. that have f found a way to offer another location with even lower costs. ank u for joinining us

let's start with your original location. you starteted with one panin press. >> it is a true story. now we a are u to 12 total. >>ou started looking around for other locations. you look at rosyn and other placeses. you are embcing a food truck. it t is true. one of the reasons why we had go into that business is because we could not find a lse. there is a lot of stuff that we do not wanant. >> the advantage of f a food truckck is it you can test diffent neighborhos and decide whi ones are hungry for sandwiche but you are steppiping right into the middle of that fightht in the sea b between the restaants who

say y food trus are not regulated enough. how w are you going t work through that >> it is kind of tcky to be honest with y. i saw a who bunch of trucks out there today. if w we cannnnot find a location, we are just going t to contie. >> is it easy to get by regulations with a food trtruck? >> it is just as it stratetegy going through the same departrtments. the good thing about opening a food truruck is s to g your name now there. >> and you do not pay taxes. >> i think they are goingng to change tha the laws were written a long timego. i think once this business is really start to pick up in new york and losos angeles a now in d.c.they are gng to have to change the laws inevitably. >> what is your advicice to the

tourists? >> we see them all er the place now. they are down herere and all over farragut west and franklin square. i thihink they are needed to get strict on theermitting. >> you had foot traffico yo wereble to get people in the door. how do you get people aware of where you are? >> test marketing. a lot of twitter. we tried to get in front of builngs that we actually know the people so we have more of a monopoly instead of going to aa place like ry get west where there are 10 trucks on an afternoon. >> thahanks so much for sharing with us the crets to your success. stay with us.

we go through them all the time. doors that mark the day's events. neweginnings. endings. routines. revealing the stories and dramas -- the victories and challenges -- that help us go through new doors of our own. be part of the story. colonial williamsburg. ♪ ♪ [ male announcer ] for our families... our neighbors... and our communities... america's beverage companies have created a wide range of new choices. developing smaller portion sizes and more low- & no-calorie beverages... adding clear caloe labels so you know exactly what you're choosing...

and in schools, replacing full-calorie soft drinks with lower-calorie options. with more choices and fewer calories, america's beverage companies are deliving.

>> welcome back. commercial real-estate executives have put together their predictions for 22. what will that mean for our region? where are we seeing growth? thosose are the pics creating buzz thihis week. joining us -- jeff deboer, from the the real estate roundtabl and jerry gordon from the fairfax county economic devepment authority. let's start with your report fresh off the presses this week. the predtions are fair

partly cloudy. >> that is a good description. we are the tale of two cities. we are more optimistic than we were in the third and fourth quarte of 2011 but probably not as optimimistic as we were in january 11. all of our points ofiew are tempered by what happene in 2011 -- t the european n debt crisis -- >> its target of hot >> it started off hot and people were ve optptimistic. then we had the european debt crisis and political struggles here in washington that caused people to be uncertain out mamany business decisions. by the end of the year, i it was stagnant ain. we need a figure out a way to refinance a huge amount of mortgages. having said that, people are of

be and we think v values across the country will be going up p -- people across the country whose values will be going up. slow steady type o of thing. >> let's look at t our region and fairfax county. thatat is a good vantage point to have. if ware gogoing to grow we e need to havjobs to grow. what is the prospects for jobs in thehe area? >> the jobs next year are going to grow considerablybut northern virginia it takes a disproportionate sharef the jobb growth for thisear and probably over the next five years as wel >> why is that? loing at the h hard mbers, where it coming from? >> part of its is the m momentum that has been built up. it attractcts other success.

>> break it down fo us. in one of the projections y tipped off where there is growth. you also say even bigger -- air attack, 967 jobs. that seems to bode well for the entire economy for a job placement firms that are growing. >> technology, telecoms, and d a variety of other tecechnologies cluding biotech. the ability of companies to grow is highlhly dependent upon getting nonot only i.t. workers but those with a very exotic information technogy skills that a ver hard to find. > they a also have the foreign firms cong io fairfax county from india china sweden, and switzerland. use a one of thehe things that can help comommerciaial re estate --

you want some new tax incentives that would do away with some business incentives ththat would do away witith more foreign investmentnt. >> the president has called for more foreign investment into all parts of f our economy. we are trying to bring in more foreign capital into foreign real-estate. >> ---- in to commercial real- estate. loans are n now maturing. theyre substantially a lot of them undnder water so they need a lot of eity rereinveststment to balance them to help transt business. right now thehere is a tariff in effect on investment intoto the u.s. by fororeigners. we want to lower that tariff and bring in more capital to help

rebalance these loans and create jobs and help grow the economy is. fairfax county is just one. across the country, we need a lot of money to get the loans rebalance e. we a working w with the administration. some of this can be done without legislation. >> what you'rere looking at in terms of tax popolicieses that ca help things. >> for local govovernments roughout virginia, and they build their local budget anput us services on the basis of al estatate tax. the objective is to rece the vacancy rate spending get them down to the point where they are about 7% or 6% and then we see the speculative construction begin to contribute to the tax base. >> he makes a very good point about the connection between

strong commercial real-estate values a and local community servic and the ality t to build roads and hired teachers and make the schools stronger. i think that is what we are all trying to do when we talk about strengthening comommercial real- estate. it is about strenhening communities and lp in job creation. >> you all call washington d.c. a gateway city. what does that mean? > it is a city that is predominantly a 24/7 city that is dominated by a well- educated diverse workforce. gateway cities across the country are typically washington.c., manhattan, san francisco, los angeles boston, cities like that that are very attractive from an investment point of view that our gateways into the united state and gateways into education and job creation. it i is not to suggest t that otother

cities arere not g good investments -- >> in the washington aa. gentmen, thank you for joining us. up next, our number of the week. 43.8.

how did this small colorado town get through tough economic times? freight rail. it attracted large companies, like vestas. we built four factories to make turbine blades towers, and generators. creating over seventeen hundred jobsbs. then suppliers, stores more companies followed, creating more jobs. economists call that the ripple effect. i call it the freight rail effect. freight rail connects every corner of america, bringing jobs and economic growth along for the ride. visit freightrailworks.org.

>> welcome back. our number of the week -- 43.8

-- theercentage of ameriricans who plalan to put part of their tax refund into aavings account. at is s a 1.7% increase from last year. the rocky and economy has promed us to become more vigint for finanancial stability. about t 12% say they will not spend d itn a major purchase. thank youor joining us. we wouldike toto remind you that you have options on howow to connect with "shington business report." you can find a strming version of t the show on wjla.com. we hope to see you back here againext sunday thank you r joining us. i'm rebecca cooper

♪ ♪ [ male announcer ] for our families... our neighbors... and our communities... america's beverage companies have created a wide range of new choices. developing smaller portion sizes and more low- & no-calorie beverages... adding clear calorie labels so you know exactly what you're choosing... and in schools, replacing full-l-calorie soft drinks with lower-calorie options. with more choices and fewer calories, america's beverage companies are deliverering.