SEATTLE-Boeing Realty Corp. has brought on Richard Arscott as its senior financial analyst. Based in the Seattle office, Arscott will be involved in property acquisitions, dispositions and development projects throughout the U.S. Prior to joining Boeing Realty, Arscott was president of Tully West Co., a Seattle-based real estate appraisal and consulting firm.

Boeing Realty Corporation is a wholly owned real estate subsidiary of The Boeing Company (NYSE: BA). The real estate leg of the aerospace mega-company is charged with the investment and management of Boeing’s properties. The company has been aggressively pursuing optimization of its facilities and the reduction of surplus real estate. In the past five years, Boeing Realty has developed over 7 million sf of commercial space valued at more than $500 million, and brought to market 1,000 acres of mixed-use property. Current projects include developing 10 million sf commercial properties with an aggregate value above the $1 billion mark.

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