NEW YORK CITY—Real estate executive Joseph Sitt, co-founder and CEO of TOWN Residential and founder and CEO of Thor Equities, has been named Entrepreneur of the Year by EY. Sitt launched his first business venture, Thor Equities, while still an undergraduate at New York University. Today, he heads up TOWN Residential, a luxury residential brokerage service, and presides over a real estate development and investment portfolio valued at over $5 billion and totaling more than 15 million square feet. Sitt also serves as chairman and founder of the Global Gateway Alliance, which works to address the infrastructure challenges facing New York metropolitan area airports.
During ABS Partners Real Estate's forum Tuesday, Seth Pinsky, former president of the city's Economic Development Corp. and EVP of RXR Realty, said two boroughs known more for their challenges to real estate developers—the Bronx and Staten Island—also present a great deal of opportunity. He had more to say about transit and frankly, his knowledge on what NYC must do to get and stay ahead seems boundless. Watch this space for a Q&A with him soon.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
