News: Spotlight Content

Pierson named chief executive officer at Parsons Brinckerhoff

Parsons Brinckerhoff (PB) has appointed George Pierson as the firm's chief executive officer effective January 1. Pierson, currently president and chief operating officer (COO) of the firm's Americas division, succeeds Keith Hawksworth, who becomes chairman. Pierson, who will continue as president and COO of PB's Americas division, assumes the management of a professional services company with 15,000 employees in 150 offices worldwide and 2009 revenues of $2.1 billion. Parsons Brinckerhoff was acquired by Balfour Beatty, an international engineering, construction, professional services and investment group, in October, 2009 and is now a wholly-owned subsidiary of Balfour Beatty. Pierson, a licensed engineer and lawyer, joined PB as general counsel and secretary in February, 2006. He was appointed COO of the Americas division in January, 2008, and as such was responsible for overseeing the efforts of more than 5,000 PB employees who work on transportation and other infrastructure projects in the U.S., Canada and South America. Prior to joining PB he was partner and director of the International Construction Practice Group of Peckar & Abramson, PC, a leading national construction law firm. Pierson has a J.D. from Harvard Law School, an MBA from St. Mary's College of California, an M.S. in civil engineering from the University of California at Berkeley, and a B.S. in civil engineering from Bucknell University. "George has performed brilliantly in progressively responsible leadership positions since joining PB," said Hawksworth. "His elevation to CEO is a logical progression and ensures that PB has the right leadership going forward." "I am honored and humbled to take the helm of PB at this important moment in its 125-year history," said Pierson, who will report to Balfour Beatty chief executive Ian Tyler. "I look forward to working with Balfour Beatty management to make PB the leading professional services firm in our industry."
MORE FROM Spotlight Content

Over half of Long Island towns vote to exceed the tax cap - Here’s how owners can respond - by Brad and Sean Cronin

When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Properly serving a lien law Section 59 Demand - by Bret McCabe

Properly serving a lien law Section 59 Demand - by Bret McCabe

Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.
The strategy of co-op busting in commercial real estate - by Robert Khodadadian

The strategy of co-op busting in commercial real estate - by Robert Khodadadian

In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but
Oldies but goodies:  The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Oldies but goodies: The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:

Formal Legislative Role

Limited direct lawmaking power: The NYC Council is the primary