Breaking News


Related Companies announced that Jennifer Tuhy has been named chief financial officer of Hudson Yards.

In this role, Tuhy will be a part of the executive team on the 28-acre development, responsible for overseeing all finance and accounting aspects of Hudson Yards.

She will be responsible for budgeting, accounting and controls, financial reporting, tax, treasury and information systems for the largest private real estate development in US history.

Tuhy previously served as senior vice president of Related’s Accounting and Finance functions where she managed a 150-person organization responsible for overseeing all of Related’s accounting, reporting, budgeting and forecasting for development projects, Related Corporate and Related’s operating portfolios.

She joined Related Companies in 2001 and held various positions ranging from a project accountant for Related’s New York Development division to a Controller for CityPlace and Related Urban and Vice President of Development Accounting

Prior to Related, Tuhy worked at Tishman Speyer Properties and PricewaterhouseCoopers.
She graduated cum laude from Bucknell University with a Bachelor’s Degree in Business Administration.

Michael Lear has been named vice president – Community Investments at Community Development Trust (CDT).

Lear works on CDT’s equity program nationwide, with a specific focus on affordable housing preservation in the New York City area.

He has been with CDT since 2011 with experience in both the asset management and community investment departments. He has spent his entire career in the field of affordable housing policy, development, and finance.

Prior to joining CDT, Lear served as deputy director of Housing Policy Research at the New York City Department of Housing Preservation and Development.

He holds a Masters Degree in Urban Planning from NYU Wagner and a Bachelor of Science and Engineering in Materials Science Engineering from the University of Michigan.
He is currently an Assistant Adjunct Professor at NYU Wagner, where he teaches Real Estate Finance.

Avison Young announced that office leasing specialist Michael Frantz has joined the firm to bolster its office brokerage practice in New York City.

Frantz joins Avison Young as a senior director, bringing 24 years of commercial real estate experience representing both tenants and landlords.

Previously, Frantz was with Newmark Grubb Knight Frank since 1996, where he negotiated in excess of three million square feet of transactions on behalf of both tenants and landlords.

Frantz has served as the exclusive leasing agent and asset manager for more than four million sf in New York City.

In his career, he has represented financial services firms, advertising agencies, architecture and engineering firms, not-for-profit agencies, technology companies and various family and institutional property landlords.
Frantz graduated from the University of Miami in 1988 and holds a Bachelor of Science in Marketing.

The Chairman of the Board of Directors of the Greater Jamaica Development Corporation announced that Hope Knight, the COO of the Upper Manhattan Empowerment Zone, has been named to succeed Carlisle Towery as the President of GJDC.

Knight has led UMEZ’s activities in leveraging public financing to drive private investment that led to the creation of hundreds of businesses and thousands of jobs in its service area.

She is bringing her skills and commitment to continue downtown Jamaica’s resurgence as a center of residential, commercial, institutional, academic, cultural life and economic development in Queens and beyond.

Towery, who is retiring after more than 40 years at the helm of GJDC.
Knight, who has helped lead UMEZ since 2003, earlier served as a vice president for Morgan Stanley in New York and in Tokyo.

She serves on the boards of a number of corporate and non-profit entities, include the Carver Bank Community Development Corporation, Grameen America and Morgan Stanley New Markets, and is the chair of the Board of Trustees of Marymount Manhattan College, where she earned her Bachelors degree in business management.

She went on to earn a Master of Business Administration degree from the University of Chicago.

Colliers International announced the appointment of Durgesh Sharma as Global Chief Information Officer.

Sharma previously served as the company’s vice president of Global Information and Technology Services, where he helped to lead a significant transformation of technology platforms, systems and services since joining Colliers in 2008.

In his new role, Sharma will spearhead the company’s development, acquisition and deployment of technology to drive increased market penetration and revenue growth.

The appointment is the latest move in Colliers company-wide digital enterprise strategy, bringing together senior leadership from global technology, marketing, research and operations teams to support the new ways clients consume information, build relationships and solve business problems.

As part of this strategy, earlier this month, Colliers announced the promotion of Christine Schultz to Global Chief Marketing Officer.

Sharma brings over 20 years of experience across multiple industries and geographies to his new role.
Prior to joining Colliers, he worked at Fortune 50 companies such as Oracle, GE and Hitachi, providing management and technology consulting services to Microsoft, Danaher, BNP Paribas, Alcoa, GE Power Systems and others.

Sharma earned his MBA from the Institute of Management Technology in India, and his Bachelor’s degree in civil engineering from the Delhi College of Engineering.

The Rockefeller Group announced that veteran property development and asset management professional James V. Camp has joined the company as senior vice president and regional development officer for the Western Region.

Camp, who has extensive experience in all aspects of commercial property development, was previously vice president of Starwood CPG Operations.

He succeeds Tom McCormick, who has been appointed senior vice president, National Corporate Accounts, a new position.

Camp will head The Rockefeller Group’s Western Region operations, based in Irvine, Calif. The Rockefeller Group has an ownership interest in more than 1.5 million square feet of office, industrial and retail property in the region, along with 254 luxury residential units, and various projects planned or underway totaling more than 6 million square feet across four states.

In addition to overseeing the company’s strategy and operations for the region, Mr. Camp will lead the company’s acquisition and development efforts focusing primarily on office and industrial opportunities and joint ventures.

Prior to his most recent position, Camp was an executive vice president of Greenlaw Partners. Before that, he was a senior vice president and portfolio manager of Voit Real Estate Services, and senior vice president of development and acquisitions for Voit Development Company.

He holds an MBA from the University of Michigan, with a concentration in marketing, finance and real estate, and a Bachelor of Science degree in Business Administration from the University of Southern California.

JLL announced several personnel moves that will enhance its Project and Development Services, and Brokerage groups in New Jersey.

Jerry Sullivan, senior vice president, will take over the daily management of JLL’s PDS team in New Jersey and co-manage the group in Long Island.

Sullivan also serves as a key PDS lead for JLL on a number of important global corporate accounts. He has been with JLL since February 2005.

Prior to joining JLL, Sullivan served as a senior project manager with CNN and Turner Broadcasting, coordinating design and construction teams for the 875,000-square-foot base building and interior fit out of the TBS and CNN offices in the Time Warner Center at Columbus Circle in New York.

Earlier, he was a project architect and senior designer for several New York-based architectural firms, including Kohn Pedersen Fox and Studios Architecture.

Scott Lesh, managing director, who previously managed PDS teams, will transition into the firm’s brokerage division.

Lesh’s move will enable JLL to leverage his long-established client relationships and more than 20 years of experience to generate new business for the firm, particularly in the tenant representation sector.

As head of PDS in New Jersey and co-head in Long Island, Lesh oversaw a staff of 30 project management professionals managing approximately $1 billion in annual capital expenditures.

Prior to assuming the NJ PDS market lead role in 2010, he served as a client relationship manager for several Fortune 500 companies, overseeing their national real estate portfolios.

Leave a Reply

Your email address will not be published. Required fields are marked *