"As we continue to place growing emphasis on cutting-edge, environmentally sophisticated building systems, Tim's very deep experience in both engineering and management makes him an excellent fit for the Durst Organization," says Jody Durst, co-president, who is also an engineer by training."

Most recently, Clancy was senior managing director of operations for Colliers ABR, the New York-based affiliate of Colliers International, where was responsible for a 30-building portfolio comprising 16 million sf of office space.

In 1985, Clancy began a tenure with Cushman & Wakefield, rising to the post of portfolio manager in New York, and then transferring to Philadelphia, where he served as branch manager for management services for five years, until 1995. His next position was as an asset manager with Sumitomo Realty & Development Inc.