Timothy Sheehan
Senior Vice President, Brokerage Services, CBRE
New York, NY 10166
Tim Sheehan, Senior Vice President in Brokerage Services in the company’s New York Tri-State Region
Phone (212) 984-8090
Tim Sheehan, Senior Vice President in Brokerage Services in the company’s New York Tri-State Region
Specialties
Investment Sales Broker, Landlord Rep, Tenant Rep
Property Types
Office, Retail, Specialty
Markets
Long Island (New York), New York City
Languages
English
Bio
Tim Sheehan, Senior Vice President in Brokerage Services in the company’s New York Tri-State Region, joined CB Richard Ellis, Inc. in 2002 from the Port Authority of New York and New Jersey where he was Assistant Director of Real Estate.
Mr. Sheehan represents both owners and tenants in property leasing and sales, and serves as real estate advisor to non-profit and public agencies. His clients include the New York Academy of Sciences, the 92nd Street Y, the Metropolitan Television Alliance, the National Sports Museum, and the Battery Park City Authority. He sold the Academy of Sciences’ headquarters at 2 East 63rd Street for $31.25 Million, the highest price recorded to date for a single family residence in New York City, and relocated the Academy to a full floor at 7 World Trade Center, the first lease signed at the World Trade Center since 9/11. The sale of 35 West 67th Street for the 92nd Street Y to CUNY at a price over $1700 per square foot likewise set a benchmark for institutional buildings . Mr. Sheehan has advised BPCA on the development of commercial and residential sites, including the ground lease with Goldman Sachs for its new headquarters, and led the CBRE team that prepared a 30-year revenue forecast to support BPCA’s $1 billion bond issue . He also leads the CBRE team selected by the Metropolitan Transportation Authority to enhance revenues through disposition of its underutilized real estate assets.
While with the Port Authority, Mr. Sheehan directed the leasing and disposition of retail, hotel, telecommunications and other facilities. He sold the former World Trade Center hotel leasehold to Host Marriott Corporation for $150 million, at that time a high-water mark for hotel sales Downtown, and negotiated a long-term net lease for the development of a 1 million square foot office tower and retail center at the 42nd Street bus terminal. He headed the team that repositioned the retail concourse at the WTC, placing it in the top tier of the country’s most productive retail centers, and then captured the resulting gain in asset value through a long-term net lease to Westfield America. Mr. Sheehan also handled the leasing of the WTC’s other unique assets: Windows on the World, the Observation Deck and the rooftop television antenna.
Prior to his involvement in real estate, Mr. Sheehan was a founder and executive director of the Regional Alliance for Small Contractors, a public/private partnership formed by the leaders of the construction industry to improve the position of women and minorities in the industry. Earlier in his career, Mr. Sheehan served as director of New York State’s Job Training Partnership and director of child welfare policy for New York City.
Education
