Transwestern Honors Bozzuto Group's Thomas S. Bozzuto as Private Sector "Trendsetter of the Year"
February 23, 2010
Bethesda, MD - February 23, 2010 - Transwestern today announced that they honored The Bozzuto Group’s CEO, Thomas S. Bozzuto, and Metropolitan Washington Airports Authority’s President and Chief Executive Officer, James E. Bennett as “Trendsetters of the Year” for 2009, at its annual Washington, D.C. TrendLines event. Presentation of the awards and a program detailing commercial real estate trends and prospects for 2010 was held on Wednesday, February 17th at the Ronald Reagan Building and International Trade Center in Washington, D.C.
Each year, Transwestern and its research affiliate, Delta Associates, honors an individual or individuals that have made unique and innovative contributions to the commercial real estate industry as a whole and to the Washington region in particular. Co-sponsors Baker Tilly, formerly Beers & Cutler, and PNC Real Estate Finance joined them in paying tribute to these individuals. As part of the event, Greg Leisch, CEO of Delta Associates, led a presentation on the Washington commercial real estate market – “2009 Trends and Year 2010 Prospects.”
Since the formation of The Bozzuto Group in 1988, Tom Bozzuto has led the company's development, construction and management of almost a billion dollars of income producing and for-sale housing. During his more than thirty-year career, he has overseen and been responsible for the creation of more than 46,000 residential units with a conservatively estimated value of nearly $7 billion. Partners, employees and residents are uniform in their praise of The Bozzuto Group’s standards, integrity and commitment to providing quality housing for all, from luxury homes and apartments to affordable housing residences.
The firm’s ongoing success in a difficult real estate environment is a testament to their unique ability to combine design appeal, quality construction, property management excellence, and award-winning service with unswerving dedication to the communities they serve. The Bozzuto Group’s many civic, charitable and philanthropic activities underscore their desire to improve the lives of the region’s citizens and families as they revitalize homes and neighborhoods. For his principled and steadfast leadership, particularly in a time of market turmoil, Transwestern is pleased to honor Tom Bozzuto as our 2010 Private Sector TrendSetter of the Year.
Growing traffic congestion and the need to augment the region’s transportation infrastructure have long been cited as among the chief obstacles to the Washington area’s long term economic vitality. In 2009, after years of effort, final Federal approval was secured to fund the first phase of the Metrorail extension to Dulles Airport and Loudoun County. This critical project will expand access for residents, employers and employees to the entire metro region; provide a viable, dependable alternative to automobile travel; and encourage high-density, transit-oriented development around Metrorail stations.
As President and CEO of the Metropolitan Washington Airports Authority, the entity charged with managing the Metrorail extension, James E. Bennett has been instrumental in moving this project from dream to reality. Construction activity has begun in earnest, financial planning for the funding of Phase II is proceeding on schedule, and smart growth and responsible land use plans are being designed that will be essential to safeguarding Washington’s future. For his tireless advocacy and resolute commitment to making this project a reality, Transwestern is pleased to honor James E. Bennett as our 2010 Public Sector TrendSetter of the Year.
Transwestern, one of the largest privately held commercial real estate and development firms in the U.S., is focused on creating value for our clients in each local market we serve. Transwestern’s unique business model offers fully integrated real estate services and operates through six distinct functional lines of business: agency leasing, property and facility management, investment services, tenant advisory, development and research for a broad range of property types, including office, industrial, retail, healthcare and multifamily. Transwestern leads the industry in sustainability and has received multiple EPA ENERGY STAR® awards. We have partnered with our clients and the USGBC to pursue LEED® certification on projects across the country. Please visit us at www.transwestern.net.