Rawson, Blum & Leon Closes Escrow on $40 Million Retail/Residential Project in Berkeley, Calif. & Erik Halterman Named New Development Manager (2007-03-09)
Rawson, Blum & Leon (RBL), specialists in the acquisition, development and management of commercial real estate, announced today that the company closed escrow on a vacant parcel located in Berkeley, Calif. with plans to create a $40 million urban infill, mixed-use residential/retail project. Erik Halterman was also hired as Development Manager allowing the company to more aggressively acquire and develop retail and mixed-use projects. RBL expects to put $150 million in assets into the development pipeline and acquire $30 to $50 million per year of existing assets.
