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A blog about the economy and the Sacramento-area real estate market.

October 12, 2009
A new president for AKT

Kyriakos Tsakopoulos has replaced his sister as president of AKT Development Corp., the powerhouse Sacramento real estate firm founded by their father.

The new president, 39, has been with the company for years and has been heavily involved in the family's negotiations with Drexel University, the Philadelphia university that wants to build a West Coast campus on Tsakopoulous-owned land in Placer County.

"I am pleased and the family is happy that Kyriakos has worked his way up the company ranks to this position of leadeship and trust," his father Angelo K. Tsakopoulos said in a press release.

Kyriakos replaces his sister, Eleni Tsakopoulos-Kounalakis, who was nominated by President Obama last week to become U.S. ambassador to Hungary.

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