While he jokes that his aunt, a broker, talked him into a career in commercial real estate, Alex Vasileff, vice President, acquisitions, Bedrock Detroit, and a recipient of the 2025 Developing Leaders Award, said that the complete answer is that he was drawn to the ability to transform communities, combined with the use of skills related to problem-solving, math, research and relationship building.
In his role as vice president of acquisitions with Bedrock Detroit, Vasileff sources on- and off‐market commercial real estate of all sizes and product types in downtown Detroit and Cleveland, leads acquisitions that drive over $7.5 billion investment and development across 140+ properties, spanning 21 million square feet of office, retail, residential and hospitality space; runs deal negotiations and due diligence from initial underwriting through closing; manages a team of three; and handles all transaction-related endeavors.
“One of Bedrock’s pillars is creating space for the community,” Vasileff said, noting that the company believes that “great cities are only as strong as the communities within them.” To that end, the company engages with organizations, businesses, civic leaders and nonprofits to orchestrate spaces that serve the community and carry out Bedrock’s vision, partnering with groups like Gleaners Community Food Bank, Michigan Veterans Foundation and Arts for Scraps.
Vasileff is the inaugural chapter president of CREDA Detroit and has played an instrumental role in launching the chapter. He is also a member of the Capital Markets 6 CREDA Forum.
CREDA asked this visionary leader more about his work and involvement with CREDA.
CREDA: Can you talk about a project or initiative you’re particularly proud of and what you learned from it?
Vasileff: I’ll always be proud of helping to facilitate GM’s move from the Renaissance Center to Hudson’s Detroit. This project required intense collaboration across teams and a fast-paced timeline, all in service of a transformational moment for our city. While my role was one part of a much larger effort, the long-term impact of this move – driven by two iconic companies deeply committed to Detroit – will reshape our urban core for generations.
CREDA: How has being a member of CREDA helped your career?
Vasileff: The relationships and diverse experiences I’m privileged with as a member of CREDA have not only made me a better professional but also a better person. Some of the smartest people I’ve met have been through this organization and I always walk away from a conference or event more inquisitive and educated than when I arrived. My membership in CREDA has also directly aided in helping solve new problems as I’ve been able to get advice from my network from someone who has dealt with the subject.
CREDA: What is your ultimate career goal?
Vasileff: My career goal is to continue to transform cities and people through real estate and provide solutions to housing shortages and improve the community.
CREDA: Name a person who has had a notable impact on your career. What did they do that made a difference?
Vasileff: Cathy Clark, Bedrock’s CIO and my manager, has had a profound impact on my career. She has shown me that sincerity and respect are not only compatible with high-stakes transactions, but they’re essential. From her, I’ve learned the value of grit, curiosity and a relentless focus on solving problems. Her leadership style has shaped how I approach challenges and build trust in complex deals.
CREDA: What is something you’re passionate about?
Vasileff: I’m passionate about all things Detroit: its people, its energy and its potential. Whether it’s through real estate, community engagement or simply cheering on our teams, I’m proud to be part of the city’s continued resurgence and evolution.
Read more about the 2025 Developing Leaders Award winners in Development magazine. Recipients of the 2026 Developing Leaders Award will be announced this summer.
