Real Estate 2023: BOB MILKOVICH

CEO, RAND CONSTRUCTION, ALEXANDRIA

Published August 30, 2023 by Virginia Business

Milkovich joined Rand, a privately owned, nationwide commercial general contractor specializing in retail and restaurant construction, tenant interiors and building renovations, in January 2019 as its CEO. He succeeded Linda Rabbitt, who founded the company more than three decades ago.

Before that, Milkovich served as CEO of First Potomac Realty Trust, where he led the real estate investment trust’s $1.4 billion sale to Government Properties Income Trust in 2017. He has worked more than 30 years in commercial real estate and was also president of Spaulding & Slye Investments and a regional director for Goldman Sachs.

Rand is one of the Washington, D.C., region’s largest general contractors and specializes in retail and restaurant construction, tenant interiors and building renovations. Among its biggest projects are the interior of Marriott International’s 785,000-square-foot headquarters in Bethesda, Maryland, and Noblis’ headquarters in Reston. Headquartered in Alexandria, it also manages regional offices in Atlanta; Dallas; Houston; Austin, Texas; Denver; and Salt Lake City. Its sales total more than $400 million annually.

Milkovich received a bachelor’s degree in business from the University of Maryland, which he attended on a football scholarship.

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