News: Brokerage

Loring Consulting Engineers achieves MBE status

Loring Consulting Engineers
CEO Oneil Gayle

Manhattan, NY Loring Consulting Engineers has been certified by the City of New York as a Minority-Owned Business Enterprise (MBE), the firm announced this week.

Founded in Manhattan in 1956, the 200-plus member firm is among the largest and longest-standing building systems engineering design, commissioning, and energy services firms to achieve this designation in New York City. 

Throughout its nearly 70 years as a leader in mechanical, electrical, plumbing and fire protection engineering, Loring has been fueled by the belief that differences foster innovation, creativity, and a broad range of ideas, ultimately leading to better decision-making and business outcomes. With headquarters in New York City and currently operating out of nine additional offices throughout the eastern U.S., Canada and Jamaica, the firm has realized milestones both in employee and leadership representation: more than 56% of employees—and 54% of senior leadership—come from traditionally underrepresented minorities, including Black and Asian-Pacific Islander.

Loring CEO Oneil Gayle, a native Jamaican and 22-year veteran of the firm, sees MBE status as the formal achievement of Loring’s longstanding diversity representation at all levels of the organization. 

“I am so proud to be at the helm of Loring in this moment, and I don’t take for granted the heights I’ve been able to reach here. We will continue to exemplify our principle that fostering an environment of belonging for all is good business, and to do the excellent work Loring is known for—now with even greater opportunities to take the lead on critical projects that shape the lives of so many,” said Gayle.

“For Loring, MBE certification is a reflection of our continued commitment to hire the best talent wherever it exists and promote from within,” said Loring principal and executive committee member Steve Kenah.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.