NEEDHAM, MA-Potomac Realty Capital taps Stephen E. Vickery to drive an upcoming CDO and preferred securities market launch and expand the company's nascent servicing initiative. He will also handle other balance sheet building activities.

WASHINGTON, DC-Construction employment sets a record for the 15th straight month, but area real estate developers do not foresee a significant impact on project costs.

VIENNA, VA-Feld Entertainment sells its headquarters here to America's Capital Partners for nearly $20.3 million. The parent company of Ringling Bros. and Barnum & Bailey, Disney on Ice and Disney Live enters into a 12-year leaseback arrangement.

WASHINGTON, DC-Pending tax-extender bills of key interest to the real estate community are likely to move forward this month. The bills involve the extension of a 15-year leasehold improvement depreciation as well as an immediate deductibility for brownfields cleanup costs.

WASHINGTON, DC-The Institute of Scrap Recycling Industries signs a 10-year deal for 14,276-sf in the Beacon Capital Partners-owned building. The site will be used for

BALTIMORE-The General Service Administration is putting a 1.9-million-sf up for sale at an online auction. Baltimore County could provide incentives and assistance with financing for the redevelopment of this historic facility.

BALTIMORE-Developers David Phillips and Nathaniel Tower join forces to establish a new retail investment, development and management firm. The private company's focus will be on acquiring under-performing shopping centers and strip malls east of the Mississippi.

WASHINGTON, DC-Vornado Realty Trust completes a $292.7-million refinancing of the Warner Building here. The REIT purchased the site in December 2005.