Swig Equities, a New York-based developer and investor, is looking at its first deals in Boston and Washington, D.C. The company, which has invested $2 billion in four million square feet of office space and 1,500 residential units since 2002, until now has focused almost exclusively on New York and San Francisco and is looking opportunistically in Boston and Washington, said Kent Swig, president.

The company is high-rise oriented and so Boston and Washington are natural expansions. The expansion will not curtail investments in the company's core markets, Swig said. The company is looking at office and residential deals in Washington and Boston and is targeting properties that are 200,000 square feet or larger. It has not set designated dollar amounts for its plans.

Swig is also exploring acquisition opportunities in Lower Manhattan. The company's New York portfolio includes 44 and 48 Wall Street, 80 and 90 Broad St. and 110 William Street. In San Francisco, the company owns 450 Sansome, The Russ Building and 501 Second Avenue, among others.

Separately, the company has created a chief investment officer slot and promoted Paul Sygrove to fill it. Sygrove has been with Swig since 2002 and was executive v.p. and director of investments. He will oversee financing and acquisitions activities.