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.

MORE FROM Brokerage

SABRE coordinates sale of six properties totaling 199,845 s/f

Huntington, NY SABRE Real Estate Advisors has completed the sale of six commercial properties across Long Island and Northern New Jersey, further underscoring the firm’s strength as a trusted partner in complex real estate transactions. The deals were led by executive vice presidents Jimmy Aug and Stu Fagen, whose combined expertise continues to drive exceptional results for clients across the region.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.