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NEW YORK CITY-Currently servicing industry heavy weights, the newly appointed director of business development will lead Siegelgale's initiative to extend their reach globally, recruiting more real estate power players.
PORTLAND-Bruce Fery had directed the group's operations since 1997, overseeing the hotel, restaurant and commercial real estate assets of the Stevenson family of Bingen, Wash. The family recently sold its top asset, the downtown Heathman Hotel.
DALLAS-Tomlinson Leis has acquired a 96,750-sf, three-building complex owned by RREEF Funds, which has owned the site for 18 months. RREEF purchased the Century Circle property in a portfolio buy from AEW Investment Management of Boston.
EMERYVILLE, CA-Due largely to its central location, commercial real estate in Emeryville has been booming recently. The city hopes to fend off a housing crisis with the retail and housing project.
WASHINGTON, DC-A Dutch pension fund is close to selling a four-year-old office building at 1900 K St. NW for close to $400 per sf. It would be one of the priciest sales in Washington this year.
ATLANTA-Capital Hotel Investments bought properties in Alpharetta, GA, Los Angeles, Fort Worth TX and the Virgin Islands. Capital principals are Marriott International and affiliates of Blackacre Capital Management.
ROCKVILLE, VA-A joint venture between Atlantic Realty Cos. and Foulger-Pratt Construction Inc. has broken ground on a five-story, 102,632-sf office building in Rockville, the latest project in the Shady Grove corridor.